Citibank Flexible Deposit

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Product Term Sheet
Citibank Flexible Deposit

Product Term Sheet Citibank Flexible Deposit
  • A time deposit account with the flexibility for termination at any time without penalty imposed.
  • For individual Customers, also available as a joint account.
  • Available in Indonesian Rupiah (IDR), United States Dollar (USD), Australian Dollar (AUD).
  • Available in 3 (three) and 6 (six) months tenor.

New account opening for Flexible Deposit is no longer available since 27th November 2018.

  • Automatic Roll Over (ARO) feature ensuring that the deposit will continue earning interests. The Customer is free to choose ARO for the principal only or for both the principal and interests.
  • The Flexible Deposit can be terminated at any time before maturity without penalty. Temrination can be done through CitiPhone or at Citibank branch

If the interest rate and amount of deposit at Citibank exceed the maximum interest rate and amount covered by the Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan – LPS), the deposit placed will not be included in the deposit insurance program of the LPS.


A Customer opens a Citibank Flexible Deposit account on March 1, 2019 with a deposit of IDR1,000,000,000, with 6 (six) months tenor and an interest rate of 6%(assumption).

-->If on March 20, 2019, the Customer does Flexible Deposit pre-termination, no interest rate will be paid

The Customer will receive Rp1.001.561.644,-

--> If the Customer does not do pre-termination, at maturity the interest will be 6% per annum.
Interest earned = Rp1.000.000.000,- x 6% x 184/365 = Rp30.246.575,34

The total funds to be received from Citibank Flexible Deposit is
Rp1.000.000.000,- + Rp30.246.575,34 = Rp1.030.246.575,34

Interest is before tax and will be subjected to taxes in accordance with the applicable income tax regulations. Tenor is in line with offering. Interest rate may change at any time depending on market situation, with prior notice in accordance with applicable regulations.

  • Stamp duty fee IDR10,000 upon the opening of Citibank Flexible Deposit.
  • Interests earned are subjected to taxes in accordance with Government regulations.

Further information on service fees is available at