Would be nice if someone could do the math for amounts exceeding $150k - some people will now have higher balances due to interest added each month. At what point does it make sense to withdraw the excess (and lose 6 counters)?
Would be nice if someone could do the math for amounts exceeding $150k - some people will now have higher balances due to interest added each month. At what point does it make sense to withdraw the excess (and lose 6 counters)?
if i may ask, currently for those who already has this maxigain account for more than 12 months with counter already full, what was the average maximum interest rate for the past months?
just a rough estimate reply. 2.1 to 2.4 percent?
Jus go to maxigain website, see their sibor rate as a gauge
some people mention in this thread that u can actually with draw the excess interest, and it wont affect the counters.
if u have the time and discipline, u can withdraw the whole monthly interest so as to keep the minimum daily balance at exactly $150k each month to max the base interest and also the bonus interest without locking up anything more than $150k.
just use FAST transfer.
so bottom line is, once the interest comes in, right away transfer it out. that will be safe right?
For those who are using this account to park your money, how do you keep it active?
interest is usually updated late on the last day of the month.
pertaining to withdrawing interest without drop in counter, does it make a difference whether the interest is withdrawn exactly on the day that interest is credited or the next day?
thanks
For those who are using this account to park your money, how do you keep it active?
For those who are using this account to park your money, how do you keep it active?
y the need to keep it active? got fees?
y the need to keep it active? got fees?
I was told to keep it active or it will become inactive and there will be a charge?