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Nov 17, 2008

Salary Account: Citibank Tap and Save Account


Salary Account: Citibank Tap and Save Account

The Citibank Tap and Save Account is a salary savings account that can earn bank savings account interest rate of up to 1.2% per year.

You can potentially earn higher interest on this salary savings account by putting a regular sum of your salary into it on a monthly basis.

To sweeten this Citibank Tap and Save Account, you also get rewarded each time you spend.

Save even more with 2% cash rebate when you use your Citibank Tap and Save Account on your daily commute. This cash rebate will be earned with automatic top-ups of S$30.25 each time and will be credited into your savings account by the following month. With the cash rebate, you can now buy whatever you like, including more SMRT rides.

Credit salary into Citibank Tap and Save Account and start earning at a base rate of 0.3% p.a.*. Step up to 1.2%p.a.* over 12 months when you save more in the Citibank Tap and Save Account every month.

The illustration given for Citibank Tap and Save Account is quoted here.

“Assuming you deposit S$2,000 into the account as initial deposit, save S$1,800 monthly for salary credit of S$3,000 and receive S$7 cash rebate per month (ez-link top-up and debit card spend). Over a period of 24 months, you would have earned interest return of S$549.16 - four times more than what a typical savings account has to offer!”

Terms and conditions apply for Citibank Tap and Save Account. Check out Citibank's savings promotion here.

Thank you for reading Singapore Savings Account Rates, where we bring you the best and latest savings account rates in Singapore.

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