A Citibank Premium Account gives you the opportunity to earn potentially higher interest by taking advantage of currency rate movements. It is a dual currency investment that involves a currency option, which gives the bank the right to repay your principal in either the base currency (your original principal currency) or the alternate currency (which you can select). A part or all of the interest that you earn on the Citibank Premium Account represents the currency option premium that the bank pays you for this right. Upon maturity you will be paid your principal, plus interest earned, in either the base currency or the alternate currency. The payment will be made in the weaker of the two currencies, determined by comparing the strike price with the reference rate on the valuation date, two business days before maturity.
- Place your principal in the base currency of your choice
- Select a second currency as your alternate currency
- Decide on the tenure of your investment
- Determine and agree upon an exchange rate between these 2 currencies, depending on your investment strategy and market conditions (the strike price)
A minimum of USD 25,000 or equivalent gets you started
You can start an account with a minimum of USD 25,000 or equivalent and you'll have a wide range of currencies to choose from.
to expand and on 
to minimise the details.
| A wide selection of currencies including USD, EUR, GBP, AUD, NZD, CAD, CHF, JPY, SGD, INR | A flexible choice of tenures from 1 week to 6 months | An opportunity to diversify into a second currency of your choice at your pre-agreed exchange rate |
Click here to view your nearest NRI Service Center to meet our Relationship Managers.
Click on the links below to know more about other Treasury Service Products:
Disclaimer
A Premium Account is unlike a traditional bank account as it is an investment and returns may vary. Premium Accounts are subject to a number of risks. A Premium Account is an investment in one or more foreign currencies. It is subject to foreign exchange rate fluctuations, which may provide both opportunities and risks. You may experience a loss when you convert any alternate currency into the base currency. The higher rate of interest you earn in the Premium Account as compared to a traditional time deposit may not compensate you for this foreign exchange loss. A Premium Account, is not insured by any governmental or quasi-governmental body, is not a deposit and is not subject to the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore, nor eligible for deposit insurance coverage under the Deposit Insurance Scheme. Exchange controls may apply from time to time to certain foreign currencies. Our Treasury Services Managers and Relationship Managers may assist you with information on any exchange controls that are relevant to the currencies in which you invest at the time of such investment. Exchange control laws and regulations may change after you invest in a Premium Account.
You should note that a Premium Account is an investment product that should be held to maturity. Early withdrawal of a part of a Premium Account prior to the maturity date is not permitted. Early withdrawal of the whole of a Premium Account is permitted but strongly discouraged, because you will have to pay early termination charges and these charges will be deducted from the amount repaid under the Premium Account. As a result, the amount repaid to you may be less than the principal amount. If you wish to terminate your Premium Account prior to maturity, please contact the Bank.
The Bank may, at any time at its discretion, terminate the Premium Account. This may happen, for example, if restrictions on convertibility and transferability become applicable to any of the currencies in your Currency Pair. In such cases, payment to you may be made in the alternate currency in your Currency Pair or another currency chosen by the Bank. You may incur a loss on the principal amount in such cases.
You should obtain the advice of a qualified financial advisor before making a commitment to enter into a Premium Account transaction. In the event that you choose not to seek advice from a financial advisor, you should carefully consider whether a Premium Account is suitable for you in light of your investment objectives, your financial means and your risk profile. For more information on a Premium Account, you should also carefully read the Premium Account Agreement.
- Any advice contained in this document is general advice only and does not take into account your personal circumstances. Citibank Singapore Ltd. Terms and Conditions apply for all products held in Singapore Booking Center. Citibank N.A. full Terms and Conditions apply for products held in other booking centers.
- Foreign currency investments are subject to rate fluctuations, which may provide both opportunities and risks. You may experience a loss when you convert foreign currency back to your home currency. Exchange controls may be applicable from time to time for certain foreign currencies. You should therefore determine whether foreign currency investments are suitable for you in the light of your investment objectives, your financial means and your risk profile. In addition, partial withdrawal is not allowed. Premature withdrawal of full deposit amount is also strongly discouraged. Any Pre-termination costs incurred will be deducted from the account.
- Important Information for United Kingdom Investors: Citibank International plc. is registered in England with number 1088249. Registered office: Citigroup Centre, Canada Square, London E14 5LB. Authorised and regulated by the Financial Services Authority. Ultimately owned by Citigroup Inc. New York, USA. Compensation under the UK Financial Services Compensation Scheme (FSCS) is not available, owned by Citigroup Inc., New York, USA.
- All rates are only for illustrative purposes and indicative as on 20th January 2004. These rates are not valid for any dealing.
- Citibank Singapore Ltd. Company Registration No. 200309485K.
- Investment products are not deposits and are not subject to the provisions of the Deposit Insurance Act 2005 (ACT 31 OF 2005) of the Republic of Singapore or eligible for Deposit Insurance coverage under the Deposit Insurance Scheme.
- A wide range of deposit products.
- Available across a spectrum of returns.
- Portfolio comprises of fixed return products.
