Sign Up Promotion:
- Receive an Apple iPhone 15 Plus 256GB (worth S$1623.85) or S$1,200 Cash when you successfully apply for a Citigold account and make a S$250,000 deposit within 3 months of account opening and maintain these funds until gift fulfilment. Also, you get to enjoy 3.0% p.a. on a 6-month SGD Time Deposit. Valid till 2 June 2024.
- Terms and Conditions Here
- Valid for new Citibank customers only (ie. you do not hold any existing Citigold or current/savings accounts).
- *if you have a Citibank credit card or personal loan but no existing bank account with Citi for the last 13 months, you can qualify as new-to-bank.
- Timeline you can expect for your funds for 6 months:
| Month of Account Opening | Deposit min. S$250,000 AUM in fresh funds | Verification of Criteria | SingSaver Gift Fulfilment Period | Citigold Gift Fulfilment Period | 6 Month Fixed Deposit Maturity |
| May 2024 | By 31 July 2024 | By 31 August 2024 | By 30 September 2024 | by 31st Oct 2024 | By 31st Jan 2025 |
| Receive gift confirmation on Apple iPhone or S$1200 Cash | Receive gift confirmation of S$400 from Citigold |
Total Gifts You Can Expect to Receive from Citigold:
When you maintain your Citigold relationship & fulfill various qualifying criteria, you can receive the below rewards. However, some required a high amount of effort. Therefore, I would say S$400 is the easiest and most achievable goal for most.
Account Rewards | Level of Effort | |
Sign Up Promotion | Receive an Apple iPhone 15 Plus 256GB or S$1200 cash | Low |
Complete an Investment Risk Profile and Fact Find (you don't have to buy anything!) | S$100 | Low |
Hold a valid Citi Credit Card within the period of Enrollment Month till the end of the Welcome Period | S$100 | Low |
Get a Citi Home Loan of at least S$800,000 within 3 month of account opening. | S$800 | high |
Purchase any Citibank Investment or Insurance | S$250 cash for every S$50,000 purchase | skip this |
Terms and Conditions apply.
Total Gifts You Can Receive from SingSaver + Citigold + Fixed Deposit:
Based on a conservative calculation, the ROI is between 4.13% p.a or 4.47% p.a which is not too bad.
Account Rewards | Level of Effort | |
Sign Up Promotion Above | Receive an Apple iPhone 15 Plus 256GB (worth S$1,623.85) or S$1,200 Cash | Low |
AND Complete Below: | ||
Hold a valid Citi Credit Card within the period of Enrollment Month till the end of the Welcome Period | S$100 | Low |
Complete an Investment Risk Profile and Fact Find (you don't have to buy anything!) | S$100 | Low |
New! 3% p.a. rate on 6-month SGD Time Deposit | S$3,750 for S$250,000 deposit | Low |
Total Rewards Received: | ||
Sign up Promotion Above | min. S$5,150 cash or S$5,573.85 (iPhone) | ROI: 4.13% p.a or 4.47% p.a |
Receive an Apple iPhone 15 Plus 256GB (worth S$2,017.50) or S$1,200 Cash when you sign up for Citigold account and deposit S$250,000 within 3 months of account opening.
Citi Tiers:
-
Citibank Premier Banking has these tiers with their respective minimum Assets Under Management (AUM) criterias:
- Citigold Private Client – S$1,500,000
- Citigold – S$250,000
- Citi Priority – S$70,000
- Citi Plus status – S$15,000 *Citigold sits right at the 2nd highest tier in the Premier banking.
Eligibility and Fees:
Key Features of Citigold status:
Citigold comes with a Citi Wealth First Account that lets you earn up to 7.51% p.a. interest on an account balance of up to S$100,000 based on below criterias:
My Take:
The Apple iPhone 15 Plus 256GB will give the best deal. However, if you choose the cold-hard cash of S$1200, that's also quite good too. On top of that, now you get to put the money into the fixed deposit to earn 3.0% p.a over 6 months. Potential sign-up bonuses for new Citibank credit card customers are also not included. Overall, this is an option for short-term investment of S$250,000 if the funds are readily available. You can close the account after you have received your rewards and the 6 months time deposit is up!
Additional Information:
During the account opening process, a dedicated Relationship Manager (RM) might discuss investment-linked policies or other investment plans. It's always a good practice to carefully consider any financial products and there is no harm consulting another independent trusted source who understand your individual financial situation and risk tolerance to look at the proposed policy before making a decision.
Apply For The Citi Prestige Card For Future Optimisation For Mile Chasers:
Maintaining Citigold status after this promotion allows you to apply for the Citi Prestige credit card as a new cardholder and potentially receive a separate sign-up bonus. You would be able to apply for the Citi Prestige Credit card if you hold a Citigold status. Upon doing so, you will be considered a new-to-Citi-Prestige credit cardholder and receive the Citi Prestige Sign up bonus which is separate from the other Citibank credit cards. Citi Prestige card is great for the unlimited free lounge passes, 4th night free stay amongst its other perks. The perks more than cover the non-waivable annual fee if you are able to utilise them well. I did a Tiktok video comparing three S$120K income range cards and Citi Prestige came up tops in my books. You may refer below to the sign up promotion happening right now and sign up below if you are interested.
Citi Prestige Sign Up Promotion:
Option 1: Singsaver - Lower Qualifying Spend
- Receive Samsonite Straren Spinner 67/24 + 2X AirTag (worth S$690.80) or Apple iPad 9th Gen 10.9 wifi 64GB (worth S$479) or 18,000 Heymax Miles or 50,000 Yuu Points or S$370 Cash via PayNow upon activating and spending a min. S$500 within 30 days of card approval
- Valid until 02 January 2025
- Promotion is valid for new to bank credit card holders
- Read Terms and Conditions here
- Must fulfill spending requirement to receive gift confirmation
- Remember to check for SingSaver email to secure your rewards after you have applied!
Option 2: Direct Bank Promotion - Higher Qualifying Spend
- Receive 125,000 ThankYou Points in Welcome Gift when you pay annual fee upon card approval & spend S$2,000 in the first 2 months of card approval
- Read Terms and Conditions here
- Valid until 31 December 2024
- Eligible for new main Citi Prestige Card members (if you hold other Citibank cards but have not held a Citi Prestige card over the last 12 months, you are considered new to Citi Prestige)
