Terms and Conditions for the Offer
This CitiBusiness® IMMA promotional rate offer (the “Citi IMMA offer”) applies to a new IMMA opened from April 1, 2025 through June 30, 2025 (the “Offer Period”). “The Promotional Rate Period” starts within fourteen (14) business days after the account is opened and ends September 30, 2025.
To be eligible for the Citi IMMA Offer, a customer must have a new IMMA open on or before June 30, 2025 and in good standing. All account applications are subject to approval. Your account does not qualify for the Citi IMMA Offer until you provide all of the information we require in connection with opening the account by the Offer Period end date: June 30, 2025.
The Promotional interest rate of 4.25% (the “Promotional Rate”), with a corresponding annual percentage yield “APY” of 4.34%, applies only to an IMMA Qualifying Balance Level of at least $10,000 and no more than $10 million (excluding interest accrued on such balance during the Promotional Rate Period) of Available Funds (or the total amount of funds available for withdrawals and transfers, excluding pending and not posted transactions) in a new IMMA. Fees may reduce earnings.
This Citi IMMA Offer is only available to depositors who are new or existing Citi Business Banking clients at the time of IMMA account opening and establish a new IMMA for business purposes.
The Promotional Rate will apply to an IMMA Qualifying Balance Level in the new IMMA during the Promotional Rate Period only. The Promotional Rate will begin to accrue up to fourteen (14) business days after the account is opened, provided the balance in such account is within the IMMA Qualifying Balance Level. During the Promotional Rate Period, funds will only bear interest at the Promotional Rate if the IMMA Qualifying Balance Level requirement is met. Each day, if the available funds balance in the new IMMA is less than $10,000 interest will accrue on the entire account balance at a rate of 0.20% (0.20% APY). Each day, if the available funds balance in the new IMMA is more than $10 million (excluding interest accrued on such balance during the Promotional Rate Period), interest will accrue on the entire account balance at the rate of 0.35% (0.35% APY).
All funds on deposit before the commencement and after the expiration of the Promotional Rate Period will accrue interest in accordance with Citibank’s Standard Interest Rate Schedule for account balances, which may vary depending upon the account balance and type. Standard Interest Rates are variable and may change at Citibank’s discretion and without prior notice to customers. As of January 28, 2025, Standard Interest Rates for all markets are as follows: 0.10% (0.10% APY) to 0.20% (0.20% APY) for balances less than $500,000; 0.25% (0.25% APY) to 0.35% (0.35% APY) for balances between $500,000 and $4,999,999; and 0.25% (0.25% APY) for balances $5,000,000 and above.
For more information about Standard Interest Rates applicable to IMMAs, please visit a Citibank branch. A Citibank Business Specialist can provide the existing rates for each balance tier in your area. Interest accrues and is computed on a 365-day basis for the actual number of days the Available Funds are on deposit. Interest will be credited to the IMMA after the close of business at the end of the statement cycle; interest will be paid up to, but not including the account closing date. Please refer to the CitiBusiness® Client Manual for additional account information.
This Citi IMMA Offer may be modified or withdrawn prior to establishing the account without notice.
FDIC deposit insurance maximum is $250,000 per depositor for each account ownership category.
Important Tax information: Interest received by U.S. Persons classified as U.S. non-exempt recipients will be reported on IRS Form 1099-INT for the year received. Interest received by foreign persons will be reported on IRS Form 1042-S for the year received. Customers are responsible for taxes and consulting a tax advisor. Citi is not a tax advisor. To be eligible, U.S. Persons must provide a valid Form W-9 and non-U.S. persons must provide a valid Form W-8BEN (individuals) or W-8BEN-E (entities).
Terms, conditions, and fees apply to accounts, products, programs and services, and are subject to change. All products, services and promotions are subject to approval and funding requirements.
Citibank provides information about and access to accounts and financial services provided by Citibank, N.A. and its affiliates in the United States and its territories. The offers referenced herein are not, and should not be construed as, an offer, invitation, or solicitation to buy or sell the products or services at issue to individuals outside of the United States.
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