Saving & Spending
Why I Close My Citibank Step Up Interest Account
By My Sweet Retirement  •  December 22, 2016
Today, I went to Citibank branch at Church Street to close my Citibank step up interest account and withdraw the balance. First, I filled up the account closure form at the customer service counter. Apparently or coincidentally, there was a queue of people closing their step up interest account as well. Second, take a queue number. When it is your turn, the bank teller will tell you she needs to inform some banker to come down from the second floor to authorize and pass you the money. I waited for almost an hour before she called me and tell me I can collect my money. Why am I closing my Citibank step up interest account?

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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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