CitiOne
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Tiered Savings Account | |
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Do you want your money to grow faster and yet be easily accessible?
Take advantage of our new product - a Tiered Savings Account. This product retains all features of a regular savings account, such as:
- unlimited access to your funds whenever you need them through Citibank Online, ATM and CitiPhone;
- easy account management.
- progressive returns up to 7% p.a. in roubles and up to 2,25% p.a. in U.S. dollars depending on the account balance;
- an opportunity of convenient saving for long-term goals by setting up a standing instruction.
The CitiOne Tiered Savings Account is available for RUB or USD deposits.
Advanced Tiered Savings Account interest rates
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Illustration of interest calculation
RUB account balance
Interest accrues daily based on the account balance. The account balance is divided into segments as shown in the table above. The accrued interest is transferred to the account on the last business day of each month. Interest will accrue based on a 365/366 day year.
Interest calculation example
Client deposit RUB 4 500 000 in the account.
For interest accrual purposes, this amount is split into segments as follows:
| Segment 1: | 500 000 (from 0 to 500 000, interest accrual basis - 500 000, interest rate 3% p.a.) |
| Segment 2: | 500 000 (from 500 000 to 1 000 000, interest accrual basis - 500 000, interest rate 3,5% p.a.) |
| Segment 3: | 500 000 (from 1 000 000 to 1 500 000, interest accrual basis - 500 000, interest rate 4% p.a.) |
| Segment 4: | 3 000 000 (from 1 500 000 to 5 000 000, in this case, the balance of 4 500 000 after segmentation; interest accrual basis - 3 000 000, interest rate 4,5% p.a.) |
CitiOne Tiered Savings Account interest rates:
Effective as of April 1, 2010
Rubles
| Segment, RUB | Interest rate |
| 0 — 30 000 | 0,01% p.a. |
| 30 000 — 300 000 | 2% p.a. |
| 300 000 — 1 500 000 | 2,5% p.a. |
| 1 500 000 — 4 500 000 | 4% p.a. |
| 4 500 000 — 80 000 000 | 5,5% p.a. |
| > 80 000 000 | 6% p.a. |
Illustration of interest calculation
RUB account balance
Interest accrues daily based on the account balance. The account balance is divided into segments as shown in the table above. The accrued interest is transferred to the account on the last business day of each month. Interest will accrue based on a 365/366 day year.
Interest calculation example
Client deposit RUB 3 654 000 in the account.
For interest accrual purposes, this amount is split into segments as follows:
| Segment 1: | 30 000 (from 0 to 30 000, interest accrual basis - 30 000, interest rate 0,01% p.a.) |
| Segment 2: | 270 000 (from 30 000 to 300 000, interest accrual basis - 270 000, interest rate 2,0% p.a.) |
| Segment 3: | 1 200 000 (from 300 000 to 1 500 000, interest accrual basis - 1 200 000, interest rate 2,5% p.a.) |
| Segment 4: | 2 145 000 (from 1 500 000 to 4 500 000, in this case, the balance of 3 654 000 after segmentation; interest accrual basis - 2 145 000, interest rate 4% p.a.) |
USD
| Segment, USD | Interest rate |
| 0 - 1 500 | 0,01% p.a. |
| 1 500 - 5 000 | 0,50% p.a. |
| 5 000 - 25 000 | 1% p.a. |
| 25 000 - 50 000 | 1,25% p.a. |
| 50 000 - 150 000 | 1,5% p.a. |
| 150 000 - 3 000 000 | 2% p.a. |
| > 3 000 000 | 2,25% p.a. |
Illustration of interest calculation
USD account balance
Interest accrues daily based on the account balance. The account balance is divided into segments as shown in the table above. The accrued interest is transferred to the account on the last business day of each month. Interest will accrue based on a 365/366 day year.
Interest calculation example
Client deposit USD 44 000 in the account.
For interest accrual purposes, this amount is split into segments as follows:
| Segment 1: | 1 500 (from 0 to 1 500, interest accrual basis - 1 500, interest rate 0,01% p.a.) |
| Segment 2: | 3 500 (from 1 500 to 5 000, interest accrual basis - 3 500, interest rate 0,5% p.a.) |
| Segment 3: | 20 000 (from 5 000 to 25 000, interest accrual basis - 20 000, interest rate 1,0% p.a.) |
| Segment 4: | 19 000 (from 25 000 to 50 000, in this case, the balance of 44 000 after segmentation; interest accrual basis - 19 000, interest rate 1,25% p.a.) |
Online calculator
If you have any questions, call us on:
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(495) 775-4242 в Москве, (812) 336-3000 в (8-800) 700-3838 для других городов РФ |
Citibank may revise and change interest rates on Advanced Tiered Savings Accounts as provided in its Consumer Banking Terms and Conditions, at any time. The Customer may obtain information on Advanced Tiered Savings Accounts, including current interest rates, at Citibank branches, through Citibank Online or by calling CitiPhone on 775-75-75 in Moscow, 336-75-75 in St.Petersburg or 8 (800) 700-38-38 elsewhere in Russia, at any time.
