Citibank Maxigain Savings Account

[Squaredot]

Changes to MaxiGain Account features
With effect from 2 December 2019, the base interest rate for the Citi MaxiGain Savings Account will be revised to 50% of the 1-month Singapore
Dollar Interbank Offer Rate (1-month SIBOR). The bonus interest rate will also be revised to step up monthly from 0.05% p.a. to a maximum of
0.60% p.a.. You may refer to www.citibank.com.sg/maxigaintcdec2019 for more information.

just saw this on my e statement.

Steep cut
Gotto move funds elsewhere soon. Sigh.

 

[weeasee]

Guys what will be the next better option after the fall of Citibank Maxigain?

no wonder citibank called in order to persuade to take up an ILP with them instead

The ones I know of:
Maybank iSavvy - 2.1% (until Dec)
OCBC Bonus+ - 1.45% with min $500 deposit monthly
Standard Chartered eSaver & Jumpstart
CIMB FastSaver - 1%

 

[xfactor]

Steep cut
Gotto move funds elsewhere soon. Sigh.

Moving 我的2个 out too

 

[TerryPower]

is there any catch to hsbc advance? 2% sounds good

 

[sgiceboy]

might go back to UOB one

 

[testingabc]

is there any catch to hsbc advance? 2% sounds good

What’s the benefits of hsbc advance ?

 

[TerryPower]

What’s the benefits of hsbc advance ?

other than 2% interest, nothing much i guess

 

[DenOOO]

SCB JumpStart 20k 2%

only catch is age limit, 18-26 years old.

 

[Angelite]

How to terminate maxigain account ? Can we do online or must go to the branch to terminate ?

 

[arishize]

what is the minimum balance for no fall below fee? 15k combined for all accounts?

 

[a4973]

So this means that Nov will be the last month earning the "old" style of interest?

 

[Shutterfly]

So this means that Nov will be the last month earning the "old" style of interest?

Sian. I just joined this year only.

 

[vsvs24]

1 Dec is Sunday. So can only move out funds on 2 Dec.

 

[DenOOO]

2.5% cut to 1.5%, of course must put small small.

 

[Ahboy069]

Can say bye bye we are loyal to our money not the banks

 

[stamploversg]

Received a call from my RM that as of 1st Dec 2019, the base interest will be reduced to 50% of SIBOR & the bonus interest also reduced to max at 0.6%. (ie. every counter will be 0.5% instead of 1%)
Time to jump ship as this work out to be around 1.5% per annual.

Anyone more received this information? Thanks for sharing. It true then really prepare to jump ship

 

[Trazora]

Anyone more received this information? Thanks for sharing. It true then really prepare to jump ship

http://www.citibank.com.sg/maxigaintcdec2019

 

[DenOOO]

Anyone more received this information? Thanks for sharing. It true then really prepare to jump ship

Also clearly stated in the bank statement liao, can jump ship liao.

 

[xXxJavierxXx]

Good while it last...

 

[xXxJavierxXx]

High interest savings account is coming to an end. What's the next best thing?