Citibank Flexible Deposit

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Citibank Flexible Deposit

Citibank Flexible Deposit
  • A time deposit account with the flexibility for termination at any time.
  • For individual Customers, also available as a joint account.
  • Available in Indonesian Rupiah (IDR), United States Dollar (USD), Australian Dollar (AUD).
  • Linked to Citibank Debit Card through Saving Link account.
  • For every transaction using Citibank Debit Card that exceeds the Customer’s Saving Link account balance, funds in the multiple of IDR1,000,000 (one million Rupiahs) or USD100 (one hundred US Dollars) or AUD100 (one hundred Australian Dollars) will be automatically terminated from the Citibank Flexible Deposit account to cover the shortage in the transaction using the Citibank Debit Card.
  • Most or the entire deposits are available for termination at any time without penalty and still earning interests1 in accordance with the placement period.
  • Available in 3 (three) and 6 (six) months tenor.

1 Interests for the terminated deposit before maturity are in accordance with the prevailing interest rates.

  • 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.
  • Most of the deposits are available for termination at any time before maturity through cash withdrawal at ATMs as well as transfer between accounts without penalty. The remaining deposits will still earn interests in accordance with the placement period.
  • If the Customer has more than one Citibank Flexible Deposit accounts, the system will automatically terminate the account with the smallest interest income.

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.

  • Stamp duty fee IDR6,000 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

  • The Customer must have a savings/current account at Citibank.
  • The Customer must be at least 18 years of age.
  • The Customer must read the Product Terms Sheet and agree to the Terms and Conditions of Citibank Flexible Deposit included in the account opening application, which must be signed by the Customer.
  • The Customer must fill out the Saving Link and Deposit Account Opening forms as well as FATCA (Foreign Account Tax Compliance Act) at the nearest branch.
  • The Customer must provide the documents required by the Bank, i.e. ID Card/Driver’s License/Passport and Tax Identification Number (NPWP).
  • For more information, contact us via Live Chat at Citibank online: