Citibank Maxigain Savings Account

[touchring1]

From this website, 1 mth sibor is already 1.5%

https://abs.org.sg/rates-sibor

So max i/r is 0.8 x 1.5 + 1.2 = 2.4%? Same as CPF OA?

 

[foxer77]

From this website, 1 mth sibor is already 1.5%

https://abs.org.sg/rates-sibor

So max i/r is 0.8 x 1.5 + 1.2 = 2.4%? Same as CPF OA?

+/- as the SIBOR rate for this acc seem to be taken daily instead of month.

think the post before had a calculation on this. u might want to read back to find out.

 

[finale1]

Does it matter when you top up? Since there is no way for next mth balance to be below previous month balance

For top up, 1st of the month, but if 1st day is a Sunday or PH, then top up on the last business day of current month ( before the 1st), so that the 1st day always has the new top up amount.

 

[Jazzbie]

Does it matter when you top up? Since there is no way for next mth balance to be below previous month balance

To ensure that the lowest amount for the previous month includes the top up amount.

 

[Buzy_bee]

when u hit the max counter try to max the amount inside since rate r good for now

Will you max to 150k or aim for 147k and let the interest rolls itself to 150k?

 

[luvpraline]

To ensure that the lowest amount for the previous month includes the top up amount.

i don't quite understand this.. can elaborate?

 

[Trazora]

i don't quite understand this.. can elaborate?

If say top up on 2nd, 1st $0. Then lowest balance in month is $0 and bonus interest is calculated based on this lowest balance.

 

[finale1]

Anyone got this from Citibank?

<ADV> Limited time offer! Enjoy a 3-month SGD time deposit rate of 2.5% p.a. Contact your PB today. T&C apply. Insured up to S$50k by SDIC. SMS UNSUB to 72484

 

[maumu]

Anyone got this from Citibank?

<ADV> Limited time offer! Enjoy a 3-month SGD time deposit rate of 2.5% p.a. Contact your PB today. T&C apply. Insured up to S$50k by SDIC. SMS UNSUB to 72484

wow... no leh, no such SMS wonder if it's because I chose not to receive such marketing messages.

should I call the bank? :S

 

[tmkedmw]

Maybe is this one:
Exclusive Singapore Dollar (SGD) 3-month Time Deposit Investment Bundle Promotion...
if true, no free lunch leh.

https://www.citibank.com.sg/gcb/personal_banking/cb_fcy_promo.htm

Anyone got this from Citibank?

<ADV> Limited time offer! Enjoy a 3-month SGD time deposit rate of 2.5% p.a. Contact your PB today. T&C apply. Insured up to S$50k by SDIC. SMS UNSUB to 72484

 

[Tiger9119]

Anyone got this from Citibank?

<ADV> Limited time offer! Enjoy a 3-month SGD time deposit rate of 2.5% p.a. Contact your PB today. T&C apply. Insured up to S$50k by SDIC. SMS UNSUB to 72484

Must do investment with Citibank to get 2.5% for time deposit. OCBC 3.88% for 3 months time deposit if do investments with them.

 

[Trazora]

Must do investment with Citibank to get 2.5% for time deposit. OCBC 3.88% for 3 months time deposit if do investments with them.

lol totally not worth it. last time scb offered me 14% for 3 months if I buy pruwealth and I turned down

 

[Tiger9119]

lol totally not worth it. last time scb offered me 14% for 3 months if I buy pruwealth and I turned down

Of course it is not worth it if insurance is involved.

 

[Mecisteus]

Of course it is not worth it if insurance is involved.

Some silliy people will still bite.

 

[hlw8888]

paisei ah, ask a noob qn.

this maxigain savings acct and interestPlus Savings acct got any major diff ah? which one can earn higher interests?

my current one is still the step-up acct.

thks.

 

[vddgnd]

Maxigain higher interest. InterestPlus open for get the priority or citigold welcome rewards, it is low interest.

 

[hlw8888]

Maxigain higher interest. InterestPlus open for get the priority or citigold welcome rewards, it is low interest.

oic... thks for the info.

 

[blue_denim24]

First month

I deposited 15K on the same day of opening the account (via FAST). Will I get base interest (~1.2%) on my 15K for the first month?

 

[PC-User]

I deposited 15K on the same day of opening the account (via FAST). Will I get base interest (~1.2%) on my 15K for the first month?

You'll get base interest calculated on daily basis since day 1.

 

[blue_denim24]

Thanks for replying, so this would mean if I open account on 15th July, then I would be getting base interest for 15 days. Assuming the base interest for July month is 1.2 percent, I would be getting approximately 7.5 dollars as interest. Correct ?

Another question, now that account is already opened , there is no use of putting in more money as my lowest value for the month is already set to what I had deposited on day 1?

You'll get base interest calculated on daily basis since day 1.