compro_1975
High Supremacy Member
- Joined
- Jul 5, 2004
- Messages
- 36,527
- Reaction score
- 2,220
If you accidentally withdraw the amount but top up immediately, will the step up interest be affected?
nope wont be
If you accidentally withdraw the amount but top up immediately, will the step up interest be affected?
not sure when they stopped this. I do have joint citi maxigain accounts
Opened an acc for my mom in jul was told 70k minimum in oct. opened one myself today, staff kept telling me about 70k minimum from Jan. When I ask for official letter he say they will send email soon. He’s just informing his customer in advance. Super annoying when their own staff keep spouting inaccurate nonsense.
Intending to do a top up under the new funds topup promo for existing customers.
Read thru the TnC again to gain a better understanding.
https://www.citibank.com.sg/gcb/deposits/pdf/MaxiGainTnC.pdf
So now i gather that if I have $10,000 for ONE day of the month, and even if for the remaining days of the month I have $150,000, the bonus interest is only paid for $10,000 because that day was the 'lowest balance'. ("The lowest balance of the month that your Maxigain account is opened will be the lowest amount of funds in your MaxiGain account at any point in time in that month").
Someone has defined "any point in time" as the sum of end of day balance. I hope its true and not literally "at any one time".
This account has been working well for me so far and it is the best way to earn high interests fuss-free without salary credit, bill payment and credit card spending to monitor. I believe this is most suitable for people who just wants to dump the money there and slowly let it compound by itself to $150,000.
So now i gather that if I have $10,000 for ONE day of the month, and even if for the remaining days of the month I have $150,000, the bonus interest is only paid for $10,000 because that day was the 'lowest balance'. ("The lowest balance of the month that your Maxigain account is opened will be the lowest amount of funds in your MaxiGain account at any point in time in that month").
Someone has defined "any point in time" as the sum of end of day balance. I hope its true and not literally "at any one time"
Yes, this is correct.
Not so much that 'someone has defined', but that some people have said bank staff told them that it's the EOD balance; that said, the TOC is worded such that it doesn't have to be, and can be the lowest balance at any point in time during the entire month - but even if that was true, it doesn't really matter to most people anyway.
the last I checked, fresh fund top up promo not applicable to maxigain ... just take note
Thanks for the headsup, I noticed it now.
"Funds credited into cash management account, Citi MaxiGain Savings account, and SGD time deposit account
where such time deposit has an interest rate of one (1) per cent or higher will not count towards a “Top Up”."
may i ask if this is still rated as one of the highest rate?
yes ... but only after 10 to 12 months (assuming nothing else changes)
if u have 15k to spare, my advice is start now, sit back and let the counters clock
thats good, i have started since year start, place around 50k, average is like $70 per month as interest.
Is it only can be applied physically at bank? How to transfer from OCBC account after?
I remember I applied online, a lady called me and asked me to go to a branch to open the account
I FAST the amount from OCBC online
Posted from PCWX using Nokia 3310
Thanks! So means still have to go down branch personally...