Staff Rates
and Charges
Effective from 19 May 2017
Effective from 16 November 2016
Please refer to the Rates and Charges information for details of all other charges that apply and for full details on
all other accounts, including Savings Accounts.
Interest rates and fees
For full details of when and how interest is payable, please refer to your Account Specific Terms and Conditions.
Sterling account interest rates – currently available
Interest rates for Sterling Current Accounts
Citigold Staff Current Account Citi Staff Current Account
£1+
£1+
GROSS % P.A.
1.00
G
ROSS % P.A.
AER %
1.00
AER %
1.00
1.00
Interest rates for Sterling Savings Accounts
Flexible Saver
Citi
Tier: £1 - £150,000
Citigold
Tier: £1 - £1,000,000
Variable Standard Rate
(all Issues)
GROSS % P.A.
AER %
GROSS % P.A.
AER %
0.05
0.05
0.01
0.01
Reward Saver
Citi
Tier: £1 - £150,000
Citigold
Tier: £1 - £1,000,000
GROSS % P.A.
AER %
GROSS % P.A.
AER %
Variable Standard
Rate (all Issues)
0.10
2
0.10
0.03
0.032
Introductory Bonus
rate (Issue 8)1
0.402
0.202
N/A
N/A
Total Rate
0.502
0.302
N/A
N/A
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1. Reward Saver (Issue 8) account holders who hold a Citigold Staff Current Account receive a fixed introductory
bonus of 0.40% gross p.a. for the first 6 months from account opening.
2. No Interest will be paid on the total balance during months in which you make an account withdrawal of any
amount. Interest will be paid as normal on account closures.
The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by
law. Tax treatment or the rate of interest payable may be subject to change in the future and the tax treatment depends
on the individual circumstances of each client. AER stands for the Annual Equivalent Rate and is a notional rate that
illustrates what the contractual interest rate would be if interest was paid and compounded on an annual basis. Interest
is credited monthly. Interest rates are variable unless otherwise stated but correct at time of going to print.
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Overdraft rates and fees
GROSS % P.A.
EAR % P.A.
6.69
6.90
Citigold Staff and Citi Staff Current Account Overdrafts1
1. This overdraft rate applies to limits from £501–£10,000. Interest is debited monthly. First £500 of any arranged
overdraft is interest free. Overdrafts are only available to persons aged 18 or over and are subject to status
and terms and conditions. Overdrafts are repayable on demand. Any lending will be subject to appraisal of
your financial status. The EAR is the Effective Annual Rate and is used to express the cost of borrowing on
current accounts. The EAR takes account of the rate of interest charged, the frequency it is levied to accounts
and compounding of interest. It does not include overdraft fees and applies only to arranged overdrafts. If you
open and utilise an overdraft facility, the minimum repayment you need to make on a monthly basis is the debit
interest plus £1.
Payment and transfer fees
Fund transfers
(SEPA)
Wire transfers
(SWIFT/CHAPS)
Citigold Staff Current Account £1+
No fee
No fee
Citi Staff Current Account £1+
No fee
£10
The fees mentioned above are per transaction.
Any charges listed in Sterling that are applied to an account that is not denominated in Sterling and where the
charge is not specified in the relevant currency of the account, will be the equivalent amount in the currency of that
account. Citi will use the “Citi UK” reference exchange rate at the time the charge is applied to convert the Sterling
charge into the relevant currency.
Using your Citi Card overseas
If you use a Citi Card to make payments in currencies other than the currency of the Account, the amount of
the transaction will be converted into Sterling using our reference exchange rate (which is the Card Scheme’s
exchange rate on the date it processes the transaction, plus a commission of 2.75%). This rate may not be the same
as the rate that applied on the date the transaction was made, if the payment is processed by the Card Scheme
after that date. If your Account is in a currency other than Sterling, the Sterling amount will then be converted by us
into the currency of the Account using the “Citi UK” reference exchange rate applicable at the time.
If you use a Citi Card to make ATM withdrawals (other than through a Citi-operated ATM) in currencies other than the
currency of the Account, the amount of the transaction will be converted into US Dollars using our reference exchange
rate (which is the Card Scheme’s exchange rate on the date it processes the transaction, plus a commission of 2.75%).
This rate may not be the same as the rate that applied on the date the transaction was made, if the payment is processed
by the Card Scheme after that date. If your Account is in a currency other than US Dollars, the US Dollar amount will
then be converted by us into the currency of the Account using the “Citi UK” exchange rate applicable at the time.
When making cash withdrawals through a Citi-operated ATM outside the UK in a currency other than the currency of
your account, the amount of the transaction will be converted into US Dollars using the “Citi” reference exchange rate
on the date we process the transaction. If your account is in a currency other than US Dollars, the US Dollar amount
will then be converted by us into the currency of the Account using the “Citi UK” exchange rate applicable at the time.
Other banking services
Instant cheque clearance is available to staff for cheques paid in to a Citigold Staff Current Account via a Citi branch.
Same day cheque clearance is available to staff for cheques paid into a Citi Staff Current Account and Citigold Staff
Current Account via a Citi UK ATM.
An upper limit of £10,000 applies to all cheques which must be denominated in Sterling, US Dollar and Euro. ID
checks may be required.
Staff are provided with preferential exchange rates on US Dollar cheque encashments. This service is only available
to Citibank Europe plc, UK Branch staff in the UK. The maximum limit is US$10,000. There is a fee of £12.50 per
encashment for amounts larger than $5,000. The cheque must be a personal cheque and drawn on Citibank N.A.
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Citibank Europe plc is authorised by the Central Bank of Ireland and by the Prudential Regulation Authority. It is subject to supervision
by the Central Bank of Ireland, and subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation
Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the
Financial Conduct Authority are available from us on request. Citibank Europe plc, UK Branch is registered as a branch (registration
number FC032763) in the register of companies for England and Wales. The registered address in the UK is Citigroup Centre, Canada
Square, Canary Wharf, London E14 5LB. Citibank Europe plc is registered in Ireland with number 132781, with its registered office at
1 North Wall Quay, Dublin 1. Citibank Europe plc is regulated by the Central Bank of Ireland. Ultimately owned by Citigroup Inc., New
York, USA. © Citibank N.A. 2017. CITI, CITI and Arc Design are registered service marks of Citigroup Inc. Calls may be monitored or
recorded for training and service quality purposes.
10692 0317
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