Citi launches new Flexible Saver Account

Citi is to launch a new Citibank Flexible Saver Account (Issue 6) paying 3.30% AER / 3.25% gross p.a. variable, including an introductory fixed bonus rate of 2.25% gross p.a. for the first 12 months.

From 18th September 2009, the Citibank Flexible Saver Account (Issue 6) will be available to new customers with deposits from £1 and up to £1,000,000.

Sharon Maguire, Head of Wealth Management and Retail Banking at Citi, says: "Once again we are pleased to offer a market-leading savings account, incorporating a great introductory fixed rate bonus with ease of application, to create an easy-access account. Customers can watch their savings grow while knowing they have access to their money, whenever they need it."

Customers can find out more information and apply for a Citibank Flexible Saver Account (Issue 6) by visiting citibank.co.uk.

The AER stands for Annual Equivalent Rate and is a notional rate, which illustrates the contractual interest rate as if paid and compounded on an annual basis. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Interest will be paid monthly. Existing customers who open a new account will receive the underlying variable rate of 1.00%gross pa/AER. Rates are correct as of 15 September 2009.