Citibank Maxigain Savings Account

[luvpraline]

Guys, with this steep cut in rates (and at such short notice ), is 30 Nov (Sat) or 2 Dec (Mon) the best time to move our funds out?

 

[oceanicmanta]

Guys, with this steep cut in rates (and at such short notice ), is 30 Nov (Sat) or 2 Dec (Mon) the best time to move our funds out?

i think if move on 30 Nov, the counter will drop for the computation of Nov Bonus .. dont dare to try

 

[luvpraline]

i think if move on 30 Nov, the counter will drop for the computation of Nov Bonus .. dont dare to try

ya i'm also uncertain, cos i noticed that for this month, they credited the bonuses on 1 Nov morning even though it's dated 31 Oct..

like that better move on 2 Dec...

 

[luvpraline]

on another note, anyone who enrolled for top up promotion in July received their reward?

i was supposed to receive mine by end Oct but didn't. Asked RM to check then was told that all who topped up in July will have their reward delayed til end Nov. Really lousy...

 

[testingabc]

anyone know how to transfer 75K out from Maxigain fastest? Preparing now for next month.

 

[oceanicmanta]

anyone know how to transfer 75K out from Maxigain fastest? Preparing now for next month.

isnt FAST limit 200k ? or 100k at least ?

 

[lupster]

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

Seems like can still can go up to 12 counters?

So, usual interest for those at max counter would be around:
0.5 x 1.8% + 1.2% = 2.1%

Not as good as previously but still better than some options available...no?

 

[Squaredot]

Seems like can still can go up to 12 counters?

So, usual interest for those at max counter would be around:
0.5 x 1.8% + 1.2% = 2.1%

Not as good as previously but still better than some options available...no?

No, max bonus interest will be 0.6%, not 1.2%

 

[lupster]

No, max bonus interest will be 0.6%, not 1.2%

Oops, my bad.

 

[LouisSaha]

Macdonald branch citibank closing next year FEB 2020.
Sooner or later, citibank will uplorry.
Now do this stun on maxigain acc. Sure many jump ship.

I guess this thread will die off after december.

 

[Shutterfly]

Macdonald branch citibank closing next year FEB 2020.
Sooner or later, citibank will uplorry.
Now do this stun on maxigain acc. Sure many jump ship.

I guess this thread will die off after december.

Yes, if 10 of us move out 100k, already 1 million gone and I believe there will be many more moving out funds.

 

[merlot6230]

any advice which bank provide higest rate ?


so that we can transfer out from citibank - instead of 1.5% rate !

at least higher than ** rate for sure.

cimb was my option but hope for better deal

 

[iduncheckmail]

Isavvy or eSaver

 

[testingabc]

any advice which bank provide higest rate ?


so that we can transfer out from citibank - instead of 1.5% rate !

at least higher than ** rate for sure.

cimb was my option but hope for better deal

Same also interested to know more. Probably rotate iSAVvy and iSAVvy-i or iSAVvy with Esaver or CIMB fixed deposit or ICBC fixed deposit ?

 

[merlot6230]

Same also interested to know more. Probably rotate iSAVvy and iSAVvy-i or iSAVvy with Esaver or CIMB fixed deposit or ICBC fixed deposit ?

ICBC is my option ..still contemplating.

 

[havetheveryfun]

but if close the acc..

1 year later they may revert back the interest rate to the old ?

then would have to build up the counters again..

rooks like there is no more min 70k to earn base interest.. so contemplating mybe worth it to keep 15k in it..

would probably lose around 2% (esaver/isavvy ~interest rates) - 1.5% = 0.05% interest on 15k = which is only $75 a year

after all esaver/isavvy may not keep their rates at ~2% forever too, it may also gradually revise downwards till 1.5% esp after fed rate cut

 

[gxelan]

but if close the acc..

1 year later they may revert back the interest rate to the old ?

then would have to build up the counters again..

rooks like there is no more min 70k to earn base interest.. so contemplating mybe worth it to keep 15k in it..

would probably lose around 2% (esaver/isavvy ~interest rates) - 1.5% = 0.05% interest on 15k = which is only $75 a year

after all esaver/isavvy may not keep their rates at ~2% forever too, it may also gradually revise downwards till 1.5% esp after fed rate cut

70k min requirement for base interest is still there

 

[havetheveryfun]

70k min requirement for base interest is still there

o yea.. missed it.. then sucks then, close it better

around $210 per year lost then to keep 15k in the acc

 

[Tay Wen Hao]

Good while it lasted. Hahas got 3k interest from Citibank. Guess they cant keep up with the interest rates...

Alternatively I maybe transferring to DBS Multiplier for the first $50k. And $20k to SCB Jumpstart 2%.

Any more alternatives for >2% interest?

 

[LouisSaha]

https://info.maybank2u.com.sg/promotion/deposits-banking/isavvy-td.aspx

How is this promo from maybank?

Place an iSAVvy Time Deposit online and earn 2.00% p.a.

Enjoy 2.00% p.a. on 24-month or 1.70%p.a. on 12-month iSAVvy Time Deposit online today!

With Maybank ISAVvy Time Deposit, you get to receive your interest the next day.
Deposit Amount
Tenure

Rate (p.a.)
S$50,001 to S$1 million
24-month

2.00%

12-month

1.70%

Thought of putting 2 years... 2% interest for each year.