1 Interests for the terminated deposit before maturity are in accordance with the prevailing interest rates.
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 July 16, 2015 with a deposit of IDR500,000,000, with 6 (six) months tenor and an interest rate of 5.5% per annum/3% per annum2 (assumption).On August 20, 2015, the Customer makes cash withdrawal over the counter in the amount of IDR100,000,000.The interest rate for termination before maturity is 3% per annum.
Partial Termination of Citibank Flexible Deposit
On August 20, 2015
>>IDR287,6712 (IDR100,000,000 x 3% x 35/365)
The Customer will receive IDR100,287,6712
If the Customer does not make anymore termination, at maturity the interest to be received will be:
>>IDR11,090,4112 (IDR400,000,000 x 5.5% x 184/365)
The Customer then will receive IDR411,090,4112
The total funds to be received from the Citibank Flexible Deposit is IDR411,090,411 +
IDR100,287,671 = IDR511,378,082.2
2 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.
Further information on service fees is available at www.citibank.co.id/servicefee