This new savings account from Citibank is quite interesting. The base interest rate that you get, is tagged to 80% of 1 month SIBOR. Which means, it acts as a good hedge against a potential rising interest rate environment. For example if 1 month SIBOR were to surge to 2%, you will get a 1.6% base interest rate p.a. Do note that this account is in similar grouping as CIMB starsaver, where you don't need to fulfill any salary crediting or credit card spending. In my view it is more attractive than the starsaver. The second portion of the interest rate is an initial step up mechanism. The first month of account opening you will have zero counter. Then every month onward you will get 1 counter each month. Each counter gives you 0.1%, cap at 1.2%. Which means once you accumulate 12 counters, your interest ......