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Citibank launches CitiBest
DUBAI — Citibank recently introduced a new scheme, Citibest, which provides a combination of flexibility and savings rates.
CitiBest is a tiered current account, which offers increased rates based on average account balances, reaching 6 per cent return per annum, one of the highest rates offered in the UAE market. Interest accruing on the account, as based on daily outstanding amount in the account, is paid monthly.
Furthermore, the highest interest rate of 6 per cent can also be achieved if the customer opts to supplement the CitiBest account with an investment account at Citibank, as money invested counts towards the overall sum held by customers in their CitiBest accounts.
Sanjoy Sen, Citibank’s Country Business Manager for the UAE, said, “The CitiBest offers account holders options that span all asset classes across different geographies. This product has been launched in several markets in the world."
CitiBest falls within a series of customer service and product initiatives that the bank has been executing this year as part of its expansion plan.
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