Is there any maximum interest rate can be earned?
Example like counter 12 = 1.2%
Then sibor rate 2% = 1.4%
Total 2.6% can be earned for the first $70k?
Lowest balance is any time or lowest end of day balance?
Is there any maximum interest rate can be earned?
Example like counter 12 = 1.2%
Then sibor rate 2% = 1.4%
Total 2.6% can be earned for the first $70k?
Wondering anyone heard of this account?
Similar to maxigain, but min balance is 30k to earn interest of around 1.27% as on today rate
Citibank reserves the right to determine the daily interest payable based on the daily prevailing Singapore Interbank Bid Rate (SIBID). The rate is currently based at 70% of daily 1 month SIBID. The account does not earn interest if the average monthly balance, calculated as at the last day of the month, falls belong S$30,000
Why not deposit in standard chartered esaver? Paying more than 1.27%.
Should as well place in Maybank isavvy. 2% min 20k.
maybank saving account so good 2% min 20k? got any other toc?
All the other accounts like Isavy and esaver is not every month u get the interest, only for incremental balance!
e$aver Bonus Interest (1 April 2019 to 31 May 2019) Promotion
From now till 31 May 2019, earn up to 2.00% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to March 2019’s average daily balance).
DEPOSIT BALANCE TIER
PREVAILING INTEREST RATE ON DEPOSIT BALANCE
BONUS INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
TOTAL INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
<S$50,000 0.10% p.a. 1.75% p.a. 1.85% p.a.
S$50,000 to <S$200,000 0.15% p.a 1.90% p.a.
≥S$200,000 0.25% p.a. 2.00% p.a.
pls see the sc website, the bonus interest is only on incremental balance, u need to transfer in and out to get the 2% interest
if i receive interest on 30th of April, can i draw out the interest today 2nd may without affecting counter? i assume the tnc is lowest balance in current month must be higher than lowest balance in previous month without reseting the counter? Or Or need to withdraw on 30th of every month i.e. same day when interests is credited?
if i receive interest on 30th of April, can i draw out the interest today 2nd may without affecting counter? i assume the tnc is lowest balance in current month must be higher than lowest balance in previous month without reseting the counter? Or Or need to withdraw on 30th of every month i.e. same day when interests is credited?
Withdrawal of Interest without Resetting the Counter
For example, an account holder has amassed a balance of $150,000 at the start of the month and has decided to withdraw the excess interest which earns a paltry 0.05% interest rate. At the end of the month, the base and bonus interest is credited to the account but the lowest balance of the month remains at $150,000.
Lowest Balance in Month 1: $150,000
The account holder then withdraws the interest at the start of the following month, leaving the balance of $150,000 untouched.
Lowest Balance in Month 2: $150,000
As the lowest balance in Month 1 is equal to the lowest balance in Month 2, the Counter will raise by 1. If the Counter has already reached the maximum count, it will not reset.