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Offshore banking is simply banking in another country other than your own.
There are great advantages in doing so. For example, to diversify your investments across different financial products and across countries, and thereby reducing risk. Or to invest in tax-free deposits where the interest earned on deposits is exempt from income tax (except for Singapore residents).
Invest globally and access your accounts locally. With 24-hour internet banking and telephone banking, you can now access your accounts 24 hours a day, every day. You can check your accounts, transfer funds, make bill payments, enquire on interest and foreign exchange rates, and even give instructions to your account. All in a secure environment.
Don't follow the crowd by just looking for investment opportunities at home. Look to offshore banking with Citibank Singapore and enjoy all the benefits of global investments.
Get more information on our products: Time Deposit, Investment Funds, Bonds, Premium Deposits
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