Citibank Maxigain Savings Account

[Sinkie]

I think you can look at it this way: while you could keep the money in the maxed out account, when you want to withdraw the accrued interest, your counter will drop back to 6. This is a lot more than a few cents.

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I have 2 maxigain account, when 2 of my accounts hit 12, I will withdraw all the accrued interest with some of the balance in that 1 account then transfer to the other account with the counter = 12

Then do the swing every 6 months

 

[a4973]

I have 2 maxigain account, when 2 of my accounts hit 12, I will withdraw all the accrued interest with some of the balance in that 1 account then transfer to the other account with the counter = 12

Then do the swing every 6 months

sounds complicated.
what would be the benefit of doing it?

 

[finalforce]

I have 2 maxigain account, when 2 of my accounts hit 12, I will withdraw all the accrued interest with some of the balance in that 1 account then transfer to the other account with the counter = 12

Then do the swing every 6 months

Ya that sounds really complicated.

What if someone is using your method but already maxed out both? It's the same logic

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[Sinkie]

Ya that sounds really complicated.

What if someone is using your method but already maxed out both? It's the same logic

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Then open 3 maxigain accounts?

 

[JuniorLion]

You can have 2 maxigain account?

 

[a4973]

You can have 2 maxigain account?

Probably 1 is joint account

 

[Tornesoul]

If i open jan 2018 new account, i will reach counter 12 by jan 2019?

But only able to reveive 12 counter interest in feb2019?

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[JuniorLion]

Probably 1 is joint account

It'll be awesome if joint account counts.

 

[SinkieBoi]

Was told by the staff that theres no referral bonus for normal account opening and only for credit card referrals only. Anyone can confirm this?

 

[tmkedmw]

Was told by the staff that theres no referral bonus for normal account opening and only for credit card referrals only. Anyone can confirm this?

Referral for Citi priority got reward.

 

[JuniorLion]

The waterway point branch is atrocious. The staff there kept pushing my family member to apply for credit cards, despite me insisting that I'm only there to apply for Citi Maxigain for my family member.

I've fedback this to Citibank already.


The Serangoon Garden Branch is much better.

 

[compro_1975]

ok i agree with the saying the interest can go beyond 2%, so long as clock the 12 counters and sibor is more then 1%... it can even be 3% if sibor continues to rise

 

[MikeDirnt78]

ok i agree with the saying the interest can go beyond 2%, so long as clock the 12 counters and sibor is more then 1%... it can even be 3% if sibor continues to rise

By then Citibank may change the rules.

They have done that for the Step-Up Account more than 10 years ago. Interest rates were revised down.

 

[JuniorLion]

By then Citibank may change the rules.

They have done that for the Step-Up Account more than 10 years ago. Interest rates were revised down.

Certainly. In that event, people will take their money and go.

 

[Elloell]

So the minimum amount to open/service this account is 15k?

 

[tmkedmw]

The early birds had been enjoying 2+ % when sibor hits 1%.
Can't recall exactly when maxigain started, but it is certainly being offered by Citi in feb 2016.

 

[tmkedmw]

So the minimum amount to open/service this account is 15k?

Min $10k to open the account, that was the min when i open in 2016. not sure whether it was revised.

People put in $15k min ever since citi starts imposing monthly fall below fee for bal <$15k.

 

[foxer77]

correct 10k for opening & maint for 15k if not $15 charges per month

 

[maumu]

By then Citibank may change the rules.

They have done that for the Step-Up Account more than 10 years ago. Interest rates were revised down.

ikr... in fact the account is still available to open now. it's call "step-up account" or something like that. surprised to still see it around.

just hope this maxigain program won't change. anyway, rates are going up everywhere so I don't think they can afford to drop.

 

[NTTDoCoMo]

Is the maximum interest capped at 2%?