Citibank launches Flexible Saver (Issue 4) with high rate of 6.43% AER1 - 6.25% gross p.a.

Citibank launches Flexible Saver (Issue 4) with high rate of 6.43% AER1 - 6.25% gross p.a.
Check out the great new easy access savings offer from Citibank, paying 6.43% AER (1) (6.25% variable gross p.a.) for the first year and with no penalties or loss of interest for withdrawals. The new rate on Citibank Flexible Saver (Issue 4) is available to new to bank customers only and includes a variable 12 months bonus.

The account reverts to the underlying variable rate after 12 months, currently 4.74% AER (4.64% gross p.a.), which is available to new and existing Citibank customers. Other benefits include:

Interest paid monthly
Minimum balance of £1, no tiers, and a maximum investment of £1 million
Open an account online in minutes without any paperwork
No penalties for moving money out of the account
Sharon Hamlet, Head of UK Banking Products, Citibank, said: “With inflation edging upwards, savers should take advantage of great deals such as this one to make sure their money is working hard for them. Flexible Saver (Issue 4) is the latest Citibank account to offer a competitive return, and complements our range of savings and wealth management services; sterling and multi-currency bank accounts.”

Open a Flexible Saver account online at http://www.citibank.co.uk/?merchant=citi, by telephone on 0800 00 88 00 or at any Citibank branch.

Notes to editors:

1 AER: All interest rates are variable but correct at time of going to print. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. AER stands for the Annual Equivalent Rate and is a notional rate, which illustrates the contractual interest rate as if paid and compounded on an annual basis.

About Citi UK Consumer

Find out more about Citi’s wide range of cheque, savings, foreign currency accounts, personal loans, mortgages, insurance, investment services; credit and charge cards at http://www.citibank.co.uk/?merchant=citi or www.egg.com.

About Citi

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.

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