Citi Bonus Saver Account

Personal Banking

Terms and Conditions
- Citibank NA
- Citibank Savings

Up to 3.25% gross interest p.a.

Build your savings with a high interest savings account starting at Php 50,000, then increase your average balance by at least Php 5,000 per month for 12 consecutive months.

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1.	Starting from a base interest rate of 0.25% gross p.a., earn bonus interest rate of 0.25% gross p.a. when you increase your average balance consecutively by at least Php5,000 per month, starting from month 2 to month 12.
2.	After 6 consecutive months of increasing your average balance by at least P5,000, the applicable interest rate will be 1.75% gross p.a. (i.e., a base interest rate of 0.25% gross p.a. plus bonus interest rate of 1.50% gross p.a.)
	In case you miss to increase your average balance consecutively by at least Php5,000 during any month within the first 6 months of building your balance, the applicable interest goes back to the base interest rate of 0.25% gross p.a.
3.	The maximum interest of 3.25% gross p.a. will be applied to your account after the 12th month if you have increased your average balance by at least Php5,000 for 12 consecutive months.
	In case you miss to increase your average balance consecutively by at least Php5,000 from the 7th month to the 12th month, the applicable interest goes back to the 6th month rate of 1.75% gross p.a. Should you miss to increase average balance by at least Php5,000 for two consecutive months, the applicable interest will further go down from 1.75% gross p.a. to the base rate of 0.25% gross p.a. on the succeeding month/s
4.	After the 12th month, you will continue to enjoy 3.25% gross p.a. as long as you increase your average balance consecutively by Php5,000 monthly, or maintain an account balance of Php 4,000,000.
	In case you miss to increase your average balance consecutively by at least Php5,000 from the 13th month and onwards, the applicable interest goes back to the 6th month rate of 1.75% gross p.a. Should you still miss to increase average balance by at least Php5,000 on any of the 13th month and onwards, the applicable interest will further go down from 1.75% gross p.a. to the base rate of 0.25% gross p.a. on the succeeding month/s

What is the Citi Bonus Saver Account?

Citi Bonus Saver Account is a savings account that pays base interest of 0.25% gross p.a. and bonus interest if your average balance grows month-on-month by at least Php5,000. You can earn as much as 3.25% gross p.a. total interest after 12 consecutive months of growing your average balance.

How does your Citi Bonus Saver Account earn interest?

Your Bonus Saver Account earns interest in two ways:

Base Interest of 0.25% gross p.a. is earned if your account balance is at least Php50,000.

Bonus Interest of 0.25% gross p.a. is earned if your account meets the following conditions:

i.	The account balance is at least Php50,000
ii..	The current month's average balance is consistently higher than the previous month's average balance by at least Php5,000.
iii.	Fulfilling the criteria stated in (i) and (ii) for each consecutive month for the next 12 months will translate into a 0.25% gross p.a. on the bonus interest.
iv.	Bonus counter has a cap of 12 increments or a maximum bonus interest rate of 3.00% p.a., provided that the criteria set out in (i), (ii) and (iii) are met,
v.	Bonus Interest will be credited to the Citi Bonus Saver Account on the last calendar day of the month.

View the "Bonus Saver Interest Rate" table:

Counter	Base Interest Rate (gross p.a.)	Bonus Rate (gross p.a.)	Total Interest Rate (gross p.a.)
0	0.25%	-	0.25%
1	0.25%	1 x 0.25%	0.50%
2	0.25%	2 x 0.25%	0.75%
3	0.25%	3 x 0.25%	1.00%
4	0.25%	4 x 0.25%	1.25%
5	0.25%	5 x 0.25%	1.50%
6	0.25%	6 x 0.25%	1.75%
7	0.25%	7 x 0.25%	2.00%
8	0.50%	8 x 0.25%	2.25%
9	0.50%	9 x 0.25%	2.50%
10	0.25%	10 x 0.25%	2.75%
11	0.25%	11 x 0.25%	3.00%
12	0.25%	12 x 0.25%	3.25%

3.	What happens if your account’s average balance did not increase by at least Php 5,000 in the succeeding month?
	If your account’s average balance for the current month did not grow by at least Php5,000 from the previous month, the account’s bonus rate counter will be reset, and earn the following interest rates:

View the "Bonus Rate Counter" table:

Existing Counter	Existing Total Interest Rate (gross p.a.)	Condition	New Counter Resets to:	New Total Interest Rate (gross p.a.)
1-6 1-6 consecutive months of increasing average balance by at least Php 5,000	0.50% - 1.75%	Average balance increase is less than Php 5,000	0	0.25%
7-11 7-11 consecutive months of increasing average balance by at least Php 5,000	2.00% - 3.00%	Average balance increase is less than Php 5,000	6	1.75%
12 12 months or more increasing average balance by at least Php 5,000	3.25%	Average balance increase is less than Php 5,000, and the account balance is less than Php 4,000,000	6	1.75%
	3.25%	Average balance increase is less than Php 5,000, and the account balance is less than Php 4,000,000 and up	12	3.25%

A.	Accounts in the first 6 months of building the account balance (bonus counter 1 to 6) will only earn the base rate of 0.25% gross p.a., if average balance did not increase by at least Php 5,000.
B.	For accounts with bonus counter 7 to 11, the account will earn 1.75% gross p.a. (counter 6) if the account’s average balance did not increase by at least Php5,000.
C.	Accounts earning the maximum rate of 3.25% gross p.a. will:
	a. Earn 1.75% gross p.a. (counter 6), if:
	The account’s average balance did not grow by at least Php5,000, and The account’s current balance is less than Php 4,000,000.
	An account whose bonus counter was reverted to 1.75% gross p.a. (counter 6) should increase its average balance by at least Php5,000 the next month. If unable to do so, the account will earn zero bonus interest rate (counter 0) for that month.

	b. Retain 3.25% gross p.a. if:
	The account’s average balance did not grow by at least Php5,000, and The account’s current balance is Php 4,000,000 and up

4.	What happens if your account failed to increase its average balance by at least Php5,000 for two or more consecutive months?
	If you miss to increase your account balance for two consecutive months, your account will earn zero bonus rate and only the base interest rate of 0.25% gross p.a.

View the sample table:

Bonus Counter	Existing interest rate (gross p.a.)	New interest rate (gross p.a.) if average balance did not increase by at least Php 5,000
Bonus Counter	Existing interest rate (gross p.a.)	1 month	2 consecutive months
0	0.25%	0.25%	0.25%
1	0.50%	0.25%	0.25%
2	0.75%	0.25%	0.25%
3	1.00%	0.25%	0.25%
4	1.25%	0.25%	0.25%
5	1.50%	0.25%	0.25%
6	1.75%	0.25%	0.25%
7	2.00%	1.75%	0.25%
8	2.25%	1.75%	0.25%
9	2.50%	1.75%	0.25%
10	2.75%	1.75%	0.25%
11	3.00%	1.75%	0.25%
12*	3.25%	1.75%	0.25%

*Accounts earning 3.25% gross p.a. and account balance is less than Php 4,000,000

What happens if your account’s average balance increases by Php5,000 AFTER it got downgraded to a lower rate the previous month/s?

Your account will start earning bonus interest again if its average balance increases by at least Php 5,000 the next month.

If it was earning 1.75% gross p.a. the previous month, your account will now earn 2.00% gross p.a. the next month.
If your account was reset to 0.25% gross p.a. the previous month, it will now earn 0.50% gross p.a.
Your account will earn an additional 0.25% gross p.a. bonus interest for every consecutive month its average balance increased by Php 5,000, up to the maximum rate of 3.25% gross p.a.

After your account reaches the maximum rate of 3.25% gross p.a., how can you continue to enjoy the maximum rate?

You will continue to enjoy this rate as long as you increase your average balance by Php 5,000 monthly or maintain an account balance of Php 4,000,000.

Does the two free withdrawals still apply?

The new and improved Citi Bonus Saver now allows free and unlimited withdrawal.

What other details should I take note of?

Please note of the following:

a.	A minimum of Php 50,000 is required to open a Citi Bonus Saver Account, subject to Total Relationship Balance (TRB) requirement of Php 100,000 per month. Your balance in Citi Bonus Saver Account is included in the computation of your TRB.
b.	All interest rates (base interest rate and bonus interest rate) stated herein is on a gross per annum basis and subject to withholding tax.
c.	All the rates (base interest rate and bonus interest rate), amount eligible for bonus interest rate, minimum amount to open and/or maintain the account, and any other features of the Citi Bonus Saver Account are subject to periodic reviews and may be changed or revised at the sole discretion of the Bank with notice. The Bank reserves the final right to determine whether to award the bonus interest to the account.

If you are interested in opening an account with us, you may proceed by clicking the link below.

Your account shall earn interest on a per annum basis at a rate fixed by the Bank. The Bank reserves the right to change interest rates. You shall be notified of changes in interest rates before their effectivity.

Member of the Philippine Deposit Insurance Corporation. Maximum deposit insurance for each depositor is P500,000. Subject to PDIC terms.

Important Note

Citi accounts do not have a monthly minimum balance requirement. Instead, the client's Total Relationship Balance (TRB), which refers to the combined average daily balance of the client's deposit and investment accounts, will be used to determine the monthly balance. The TRB required per month is P100,000 while the minimal fee for falling below TRB is P300.

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