Citibank Maxigain Savings Account

Trazora

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Citi priority is the type of customer you are (people with 70k-249k) with Citibank.

Maxigain is just an account type.

Let's keep it simple, you meant to say he can consider topping up the Maxigain to $70k to earn the base interest also right. This may not be the best move if the $55k or $70k can earn higher interest elsewhere.
 

Trazora

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I'm ready to top up maxigain account to 70k on 1st May. Should I go to citibank counter to apply for top up promo?

Should apply today. Dun think u eligible for the top up promo if you are not already city priority/gold customer, refer to the TnC for the promo.

“Customer” refers to an existing Citi Primary Customer who is the main account holder of a Citi Priority, Citigold, or Citigold Private Client relationship, and whose first banking account with Citi had been opened at least three (3) months before the participation in this Promotion.

Cannot have net cash outflow from your account during these 3 months also
 
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vsvs24

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Should apply today. Dun think u eligible for the top up promo if you are not already city priority/gold customer, refer to the TnC for the promo.

“Customer” refers to an existing Citi Primary Customer who is the main account holder of a Citi Priority, Citigold, or Citigold Private Client relationship, and whose first banking account with Citi had been opened at least three (3) months before the participation in this Promotion.

Cannot have net cash outflow from your account during these 3 months also

If withdraw interest only is it ok ?
 
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Hi I like to know if i have 150k in maxigain with counter 12. if i withdraw interest every month. does the counter will reset to zero?

because i read there is a term which mention "if the lowest balance is $0 for 2 consecutive months, the ****er will reset to 0 in the 2nd month?"
 

NTTDoCoMo

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Hi I like to know if i have 150k in maxigain with counter 12. if i withdraw interest every month. does the counter will reset to zero?

because i read there is a term which mention "if the lowest balance is $0 for 2 consecutive months, the ****er will reset to 0 in the 2nd month?"

If interest is $300, then withdraw exact $300 or lower. Withdraw anything more will result the Counter to drop.

If you afraid then withdraw $299 ($300 - $1)

To Increase Counter / Maintain at Counter 12, the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month.
 
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If interest is $300, then withdraw exact $300 or lower. Withdraw anything more will result the Counter to drop.

If you afraid then withdraw $299 ($300 - $1)

To Increase Counter / Maintain at Counter 12, the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month.

Hi. Thank you for your reply. If equal to lowest balance in the previous month means "$0"? Then, if"$0" for 2 months, counter no not reduce or reset to zero?

This is copy from the term and condition.
9AHlnO8
 
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PC-User

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Hi I like to know if i have 150k in maxigain with counter 12. if i withdraw interest every month. does the counter will reset to zero?

because i read there is a term which mention "if the lowest balance is $0 for 2 consecutive months, the ****er will reset to 0 in the 2nd month?"
If you have 150K inside, how would the lowest balance be $0?

The counter won't reset when the lowest balance of current month is equal to or greater than the previous month, meaning you can withdraw the full interest.
 
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If you have 150K inside, how would the lowest balance be $0?

The counter won't reset when the lowest balance of current month is equal to or greater than the previous month, meaning you can withdraw the full interest.

Oh. I see. $0 mean no money in the account. Thanks for the info. :)
 

NTTDoCoMo

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Hi. Thank you for your reply. If equal to lowest balance in the previous month means "$0"? Then, if"$0" for 2 months, counter no not reduce or reset to zero?

This is copy from the term and condition.
9AHlnO8


It is stated in the TnC - Point 9. It is a clause that Citibank prevent $0 account to accumulate counter.

Point 9.

If the lowest balance is S$0 for 2 consecutive months, the Counter will reset to 0 in the 2nd Month.

https://www.citibank.com.sg/gcb/landing_page/deposits/pdf/MaxiGainTnC.pdf
 
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If you have 150K inside, how would the lowest balance be $0?

The counter won't reset when the lowest balance of current month is equal to or greater than the previous month, meaning you can withdraw the full interest.

Let say if i forget to withdraw the interest of 150k in 30th April month end. It means i cannot withdraw the interest in 1st May. Or else counter will reduce right?
 

NTTDoCoMo

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Let say if i forget to withdraw the interest of 150k in 30th April month end. It means i cannot withdraw the interest in 1st May. Or else counter will reduce right?

To Increase Counter / Maintain at Counter 12, the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month.
 
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To Increase Counter / Maintain at Counter 12, the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month.

Hmm.. then i better put 148k like that. i think i will forget to withdraw the interest sometime. Thanks for the confirmation.
 

Trazora

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Hmm.. then i better put 148k like that. i think i will forget to withdraw the interest sometime. Thanks for the confirmation.

If lowest balance in Apr is $150k (at start of Apr), then lowest balance in May can be $150k also. So can still withdraw the interest credited in Apr by end of May.
 
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