Lock in a bright future with Citi e-Savings Plus

MANILA, Philippines - Today’s depositors want to lock in a bright financial future but not by locking in their life’s savings. They are looking for the best returns for their savings but want the flexibility of having convenient access to their money should they need it.

“If you think about it, it’s like having your cake and wanting to eat it too. Most banks force you to make a choice — high interest rates but your deposits are tied up for a certain period, or low yields but easy access to your money,” related Agustin Davalos, Retail Banking Director for Citibank Philippines.

In response to this consumer demand, Citi recently introduced Citi e-Savings Plus, an online account offering depositors high yields better than a regular time deposit account, while providing flexibility by letting depositors manage and access their money anytime, anywhere with just a few clicks of the mouse.

“Time and money are very important for people today, and we want to help them get the most out of these two things. With Citi e-Savings Plus, our clients can watch their money grow whenever and wherever they are, so they can give more time to their priorities. At the same time, their savings earn interests as high as those offered by traditional time deposit accounts, ensuring that their financial plans are met for a brighter, more secure future. You can say that with this product, we are giving our clients the cake and making sure they savor the taste,” explained Davalos.

Compared with a regular time deposit account, Citi e-Savings Plus lets depositors earn higher interest rate at 4.75 percent per annum for the portion of their balance exceeding the principal deposit of P100,000, with no fixed term. There is also no pre-termination penalty, so they can withdraw their funds when they need to.

Besides the premium savings rate it offers, e-Savings Plus also brings the convenience of banking online. Your account is updated real-time so you can view it on demand via the Internet. You can check your account balance and enjoy online transfer of funds to and from a Citi Everyday Banking account or other Citi accounts when you need to, free of charge.

You also enjoy fast and secure banking with e-Savings Plus. The four-time Global Finance awardee for Best Consumer Internet Bank in the country boasts of a deeper authentication process and strict login procedures. Citi has also enhanced the security features of its Internet banking by implementing an automatic 5-minute auto-shut off technology that closes all transactions when the screen is left unattended within that period of time.