Citibank Australia Survey Finds Aussie Cheat Themselves Out of Bigger Savings

Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.

Important Note:
Issuer: Citigroup Pty Limited ABN 88 004 325 080, AFSL 238098. You should consider the Terms and Conditions available at www.citibank.com.au, and whether or not the product is appropriate for you, before making a decision about the product.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) April 27, 2008 Citibank Australia Survey Finds Aussie Cheat Themselves Out of Bigger Savings Sydney – Australians are cheating themselves out of additional savings by not being aware of the high interest rates available in the market today, Citibank says. New research by Citibank shows there are almost 10 million Australians – or 84% – who have a savings account but are unaware of the top rates currently being paid in the market. This lack of knowledge extends to the rate of interest Australians are currently getting on their own hard earned savings. Only one in five (19%) know what rate of interest they are currently receiving, 28% knew what the rate was when they opened the account - but have lost track or forgotten what it was – and a further 25% claim to know roughly what interest rate they are getting. Suvrat Saigal, Director of Wealth Management at Citibank, says the research goes to show that a "set and forget" attitude with savings can often mean an opportunity cost in the form of lost savings. "Savers should be a bit savvier and review their interest rate every six months to make sure they aren't cheating themselves out of lost savings. In the current higher interest rate environment, savers are the big winners." The research also showed that 99% of Australians with savings accounts don't know which financial institution pays the highest rate of interest. Citibank's Ultimate Saver Account is a market-leading savings account aimed at high-balance deposit customers. It offers a stepped interest rate system, starting at 8%p.a. for the portion of the balance over $10,000 required for the account. Distinct from comparable high interest rate products, Ultimate Saver also provides the benefit of full functionality and instant access to funds through a Visa debit card, internet and telephone banking, without the restriction of having money locked away for a set period of time. # # # Citi Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com. Important Note: Issuer: Citigroup Pty Limited ABN 88 004 325 080, AFSL 238098. You should consider the Terms and Conditions available at www.citibank.com.au, and whether or not the product is appropriate for you, before making a decision about the product.