Citibank Step-Up Interest Account

This Citibank current account earns you up to 5x more interest compared to conventional ones, simply by topping up RM500 on your monthly average daily balance. This product is sold by UOB, using certain trademarks temporarily under license from Citigroup Inc.

Citibank Step-Up Interest Account
Interest Rate
0.5% to 2.3% p.a.
Account Type
Service Charge
Min. Deposit
Phone Banking
Account Statement
Cheque Book

Interest Rate

What you earn based on the amount that you have in your account

Min. AmountMax. AmountInterest Rate
RM1RM2,0000.5% p.a.
RM8,000No maximum2.3% p.a.


What would make it different?

Online Banking
Citibank Online
Mobile App
PIDM Protected
Up to RM250,000

Fees & Charges

Service Charge
RM10 undefined waived with monthly average balance of RM2,000
MEPS Withdrawal Fee
Early Closure Fee
Dishonoured Cheque Fee
Stop Payment Cheque Fee


Minimum Age
  • 18 years old
Minimum Initial Deposit
Who can apply
  • Malaysians

More Information

What is Citibank Step-Up Interest Account about?

Citibank Step-Up Interest Account is an interest-bearing current account that is ideal for savings purpose as you can yield a high interest every month when you keep a steady habit of depositing money into this current account every month.

How does the step-up interest work?

You can step up your current account's interest rate to maximum 2.30% p.a. by summing up your Base Interest (basic interest rewarded every month) and Bonus Interest (reward interest for savings increment). 

Generally, you will receive a Base Interest of 0.50% p.a. on your first deposit, which is a minimum of RM2,000. Then, there is a Bonus Interest of 0.15% p.a. every month calculated on your balance, on top of your Base Rate, when you make a savings increment of RM500 from the previous month.

If your average balance short of RM500 from the balance of the previous month, or not increasing in the upcoming month, your savings effort will not go down the drain as there is a 'Safety Net' feature built in to help you continue enjoying growing interest.

When can I earn the returns from step-up interest?

You can harvest the fruit of your savings discipline every month as the interests (Base Interest and Bonus Interest) are calculated daily on your average balance. Isn't that great to experience wealth abundance (besides your salary) at the end of every month?

What do I get upon opening of this Citibank current account?

There are more than meet the eyes with Citibank Step-Up Interest Account, such as:

  • Citibank Debit  & ATM card and a personalized cheque book will be issued to you within 3 days after successful account opening
  • Convenience of cross-border fund transfers and account overview via Citibank Global Transfer and Online Global View
  • Emergency cash withdrawal up to US$10,000 at any Citibank branches worldwide
  • Access to over 20,000 Citibank ATM worldwide, 11,000 MEPS ATMs nationwide
  • Free Interbank GIRO fund transfer which otherwise could cost you RM0.11...and many more!

Is it safe to keep my money in this current account?

Absolutely. You can rest assured that your deposit with Citibank Step-Up Interest Account is guaranteed up to RM250,000 by Perbadanan Insurans Deposit Malaysia.

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