HWZ Forums

Login Register FAQ Mark Forums Read

Citibank Maxigain Savings Account

Like Tree370Likes
Reply
 
LinkBack Thread Tools
Old 27-02-2016, 02:54 PM   #16
Master Member
 
Join Date: Nov 2010
Posts: 4,003
Getting more interesting!
How much for Citi Priority banking? Is Welcome gift in cash or voucher?
Is the survey very long? May skip
sianz..does not apply to those with existing Citi bank account
Panerex is offline   Reply With Quote
Old 27-02-2016, 03:00 PM   #17
Master Member
 
Join Date: Nov 2010
Posts: 4,003
Check out the FAQ.

Basically, after every month, you get 1 counter. 1 counter = 0.1% interest. The maximum is 12 counters which will take you 12 months to obtain.

Base interest = 80% of 1-month SIBOR = 80% x 1.11950 = 0.90% (estimated)

1st month i/r = 0.9%
2nd month i/r = 0.9% + 0.1%
3rd month i/r = 0.9% + 0.2%
...
13th month i/r = 0.9% + 1.2%


Seems to be a pretty good deal but hope more people here can take a look and see if this "deal" is too good to be true.
just to add on, seems to be a good hedge tool for those with loans pegged to 1month SIBOR movements
Panerex is offline   Reply With Quote
Old 27-02-2016, 03:15 PM   #18
Arch-Supremacy Member
 
Join Date: Aug 2011
Posts: 21,281
The 0.8*sibor base rate applies only for the first $150k. Subsequent balance will get only 0.05% as base rate.
highsulphur is online now   Reply With Quote
Old 27-02-2016, 03:16 PM   #19
Supremacy Member
 
doody_'s Avatar
 
Join Date: Nov 2006
Posts: 7,174
Getting more interesting!
How much for Citi Priority banking? Is Welcome gift in cash or voucher?
Is the survey very long? May skip it..
Ehhh, I didn't see this option for $200 after doing survey and opting for e-statement...
doody_ is offline   Reply With Quote
Old 27-02-2016, 03:18 PM   #20
Supremacy Member
 
doody_'s Avatar
 
Join Date: Nov 2006
Posts: 7,174
The 0.8*sibor base rate applies only for the first $150k. Subsequent balance will get only 0.05% as base rate.
I guess people with more than 150k cash have better products to play with?
doody_ is offline   Reply With Quote
Old 27-02-2016, 04:06 PM   #21
Member
 
Join Date: Feb 2014
Posts: 195
Ehhh, I didn't see this option for $200 after doing survey and opting for e-statement...
It's on their citi priority welcome page. The additional 200 sgd you must bring in fresh funds 50k

icicic is offline   Reply With Quote
Old 27-02-2016, 04:27 PM   #22
Senior Member
 
Join Date: Jul 2003
Posts: 1,852
Hi guys so this excludes existing citibank customers?
battledome64 is offline   Reply With Quote
Old 27-02-2016, 04:49 PM   #23
Master Member
 
Join Date: Nov 2010
Posts: 4,003
Hi guys so this excludes existing citibank customers?

It is only the $200 promo for citi priority that is excluding
Panerex is offline   Reply With Quote
Old 27-02-2016, 06:37 PM   #24
High Supremacy Member
 
Join Date: Apr 2003
Posts: 43,377
[QUOTE=icicic;99970304]Looks good. Plus the 200 sgd for opening citi priority at the same time, and another 200 sgd I think stackable for doing the investment preference survey and opt for estatement. Feels like magic card combo

chopra is offline   Reply With Quote
Old 27-02-2016, 07:14 PM   #25
Senior Member
 
Join Date: Jan 2005
Posts: 2,218
Month 0 put in 50k
Month 3 take out 40k, kaching priority 200
Month 6-13(depending on your opportunity cost) top to 150k.
https://www.citibank.com.sg/global_d..._Programme.pdf

IMPORTANT NOTES
The bank charges a monthly service fee of S$20 when your Total Relationship Balance falls below S$50,000 at the
end of each month.
Total Relationship Balance (
“TRB”) is the sum of:
(i)
The average daily balance of your checking, savings and deposit accounts,
(ii)
The average daily value of your investments, and
(iii)
All outstanding amount(s) payable on your scheduled loan accounts as of the date of your last
statement.
Hyphos is offline   Reply With Quote
Old 27-02-2016, 09:20 PM   #26
High Supremacy Member
 
Join Date: Apr 2003
Posts: 43,377
https://www.citibank.com.sg/global_d..._Programme.pdf

IMPORTANT NOTES
The bank charges a monthly service fee of S$20 when your Total Relationship Balance falls below S$50,000 at the
end of each month.
Total Relationship Balance (
“TRB”) is the sum of:
(i)
The average daily balance of your checking, savings and deposit accounts,
(ii)
The average daily value of your investments, and
(iii)
All outstanding amount(s) payable on your scheduled loan accounts as of the date of your last
statement.
$40k if park at esaver at 1.4% pa can get more than $20 wor. around $46


FAST $40k to esaver on 3rd mth.

chopra is offline   Reply With Quote
Old 27-02-2016, 10:45 PM   #27
pjs
Senior Member
 
Join Date: Nov 2000
Posts: 1,062
Month 0 put in 50k
Month 3 take out 40k, kaching priority 200
Month 6-13(depending on your opportunity cost) top to 150k.
Need to leave 50k for 6 months to get $200 priority welcome reward?
__________________
Iherb code: TR630
pjs is offline   Reply With Quote
Old 27-02-2016, 11:03 PM   #28
Master Member
 
Crimsom's Avatar
 
Join Date: Feb 2003
Posts: 4,810
Seems like a good product for parking your savings.

But cannot open account through their iBanking leh.. If now apply through their online form, dont know if they can finish processing by monday so I can get 1 token for March.
__________________
Crimsom is offline   Reply With Quote
Old 27-02-2016, 11:08 PM   #29
Senior Member
 
Join Date: Jan 2005
Posts: 2,218
Seems like a good product for parking your savings.

But cannot open account through their iBanking leh.. If now apply through their online form, dont know if they can finish processing by monday so I can get 1 token for March.
Just go down to their branch apply by Monday then transfer in 10K via FAST at home.
Hyphos is offline   Reply With Quote
Old 27-02-2016, 11:54 PM   #30
High Supremacy Member
 
Join Date: Apr 2003
Posts: 43,377
Need to leave 50k for 6 months to get $200 priority welcome reward?
3 mth leh

Edit:shld b 6mths


Last edited by chopra; 28-02-2016 at 07:29 AM..
chopra is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On