Citibank Maxigain Savings Account

maumu

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hmm anyone know my dec one they show

BONUS INTEREST EARNED & INTEREST EARNED

Nov one only INTEREST EARNED

you just open account in nov is it?

the bonus interest only kicks in 1 month after the account opening. so the month of opening (nov) you don't earn bonus interest ('cos step counter = 0).
 

harky

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Ya... I check that I am @ counter 2 lol.
So the bonus interest is for the step counter

you just open account in nov is it?

the bonus interest only kicks in 1 month after the account opening. so the month of opening (nov) you don't earn bonus interest ('cos step counter = 0).
 

Newmaxi

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I withdrew my interest on 1 jan and it seem my counter has dropped! Wonder if my RM can do anything about it
 

mangomilkshake

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May I ask how is it possible to get up till 2.2% p.a?
I use the interest rate calculator but can’t seem to get the figure. Is it due to the fact that 1 mth SIBOR rate might increase every month while the interest rate calculator considers a fixed SIBOR rate?
 

a4973

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May I ask how is it possible to get up till 2.2% p.a?
I use the interest rate calculator but can’t seem to get the figure. Is it due to the fact that 1 mth SIBOR rate might increase every month while the interest rate calculator considers a fixed SIBOR rate?
70% of 1m Sibor + Max 12 counters

Sent from Nextbit ROBIN using GAGT
 

zumaba

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I didn't get the bouns as my balance is just $15K.

My I know what is SIBRO used for Jan bonus rate?
 

DenOOO

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I withdrew my interest on 1 jan and it seem my counter has dropped! Wonder if my RM can do anything about it


Maybe you mistook the 2 types of interest ?

Base interest is lowered due to the adjustment from 80% to 70% of SIBOR. :s12:
 

TehBeng

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I didn't get the bouns as my balance is just $15K.

My I know what is SIBRO used for Jan bonus rate?

Sibor is used for BASE RATE calculation.

Bonus is based on your month's counter x 0.1%.

E.g. If your counter is 5 so your bonus rate will be 0.5%
 

K_E_N_L_A_W

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I withdrew my interest on 1 jan and it seem my counter has dropped! Wonder if my RM can do anything about it

Every month, i have been withdrawing the interest. It did not happen to me. Did you withdrew more than the interest and bonus interest?
 

Perisher

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Is my math wrong?

I have 70k in Maxigain since Dec 31 but I only got about $90 interest which is 1.5%? despite putting my maxigain for a year already.
 

tmkedmw

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Is my math wrong?

I have 70k in Maxigain since Dec 31 but I only got about $90 interest which is 1.5%? despite putting my maxigain for a year already.

Your $70k is principal for month of Jan, interest is delayed by 1 month as per tnc.
 

Perisher

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Last edited:

shadowrains

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Oh, the bonus interest skipped 1 month? Thanks for the information. :o

Bonus interest is calculated based on counter, current month duration and last month's lowest. If your last month's lowest is 15k, your bonus interest for January 2019 should be 15k x 1.2% x 31 / 365, approximately $15.29.
 

tmkedmw

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Oh, the bonus interest skipped 1 month? Thanks for the information. :o

Not exactly skip as in "missing".
Your $90 is computed based on your December balance prior to u topping it up to $70k on 31dec
 
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