For more details see APRA's Financial Claims Scheme website. Your combined AUD deposits up to $250,000 with the National Australia Bank (NAB) Group (which includes Citi, NAB, 86 400 or U Bank) may be guaranteed by the Federal Government without charge. Please note that the interest rate that will apply to your reinvestment will be the interest rate current on the date of maturity which may be less than what may be available to you had you made a new investment.ĢThe Financial Claims Scheme guarantees AUD deposits up to a limit of $250,000 per person per Authorised Deposit-taking Institution (ADI). The Term Deposit will automatically renew for the same term at maturity unless you have nominated otherwise. 31 day notice period applies to term deposits.
Interest rate only available on term deposits under AUD$2,000,000. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian credit licence 238098) (“Citi”) and has appointed Citi to provide transitional services.ġInterest rate is subject to change without notice. National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”), is the issuer of Citi branded financial products.
We are no longer accepting applications for Citibank Term Deposits.
