Citibank Maxigain Savings Account

[kalipo]

Ok Thank you!!

Just read a few pages back. Several posts about this.

Short answer is, 'cause is GIRO.

 

[foxer77]

I met the Citibank guys today. Basically they team up with AIA to give u alternatives so be prepared for insurance similar savings products, etc. Returns are forecast like insurance as usual too. So if u interested in such things then go meet. Definitely wasted my time lol

Why r u meeting them for? Talk about MaxiGain ? If not, the rest of their products are no worth going for? Why waste time listening?

 

[merlot6230]

i haven't closed already ask to meetup liao.

Dun waste time on sale pitch.

 

[LexusIS]

I met the Citibank guys today. Basically they team up with AIA to give u alternatives so be prepared for insurance similar savings products, etc. Returns are forecast like insurance as usual too. So if u interested in such things then go meet. Definitely wasted my time lol

Ah... well besides Prudential, AIA is another one I will avoid. Lol. Don’t know why some of these insurers spend so much acquisition cost on the agents and banks neglecting the most important element..,.. us customers.

 

[LexusIS]

And banks all need maintain certain % capital adequacy ratio based on mas requirement. So if there is a run on maxigain deposits they may need run a campaign to build it up again next time

Oh well they at least made other banks happy. Maybank, SCB etc......

Citi’s CASA and deposit ratio will probably be impacted by this badly timed move

 

[Gattberserk]

Of the many fast trsnsfers u do, u got do $1000 Fast? If don't have, then the discrepancy is really scary.

It is! I have did almost every amount from 1k to 50k, have to physically verified with the staff, and indeed i lost $1000.

This is no joke, if they dont refund me asap i going down to MAS to ask for investigation.

 

[leonaheidern]

I wonder how to cut the Citibank smrt card also.

Maybe I just wait for my bill and cut cleanly with them ba.

My mum is gonna cut the supplementary card for me that I had since I was 18 so a good 18 plus years now.



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[Gattberserk]

You guys are so lucky. I am stuck with this missing $1000 case and end up i cannot close my acct!

Not to mention the leave i wasted plus the opportunity cost i lost with the delay of investigation

 

[vsvs24]

You guys are so lucky. I am stuck with this missing $1000 case and end up i cannot close my acct!

Not to mention the leave i wasted plus the opportunity cost i lost with the delay of investigation

Can imagine the frustration and anxiety.

After verifying, did Citibank say what they are going to do ?

 

[livingston]

i think due to HK, many new fund coming to international company, so they have no worry to reduce the rate........as they might have surplus fund now.

 

[TickTechToe]

iSavvy is a fixed deposit account right? The interest can be withdrawn every month?

I just FAST trf $50k to my iSavvy account opened today. It went thru!

 

[cnotsniw]

You guys are so lucky. I am stuck with this missing $1000 case and end up i cannot close my acct!

Not to mention the leave i wasted plus the opportunity cost i lost with the delay of investigation

Please report to MAS. this is a serious failure.

 

[merlot6230]

i think due to HK, many new fund coming to international company, so they have no worry to reduce the rate........as they might have surplus fund now.

that was in my mind too - i hope new hk fund also divert to other bank like hsbc instead of citibank but doubt so.

 

[RMCWMR]

Oh well they at least made other banks happy. Maybank, SCB etc......

Citi’s CASA and deposit ratio will probably be impacted by this badly timed move

Nah. Citi relies more on business deposits than retail

 

[znltan]

iSavvy is a fixed deposit account right? The interest can be withdrawn every month?

Not a fixed deposit account.

It is an online savings account (similar to SCB eSaver account) where credited interests can be withdrawn any time.

Sent from 瑞特斯波德 using GAGT

 

[demouse]

iSavvy is a fixed deposit account right? The interest can be withdrawn every month?

iSavvy is not a fixed deposit account. Read here for more details.

Basically I was taught to open 2 iSavvy accounts; iSavvy and iSavvy-I (Islamic account) but need to leave $500 in each account. After every cycle of promotion, transfer the funds from Account A to 3rd bank and transfer back to Account B to start new promotion. You can transfer the interest out too.

Expert here pls correct me if I'm wrong!

 

[DenOOO]

If today open isavvy and throw 75k funds can work towards the 2.1% ?

 

[a4973]

iSavvy is not a fixed deposit account. Read here for more details.

Basically I was taught to open 2 iSavvy accounts; iSavvy and iSavvy-I (Islamic account) but need to leave $500 in each account. After every cycle of promotion, transfer the funds from Account A to 3rd bank and transfer back to Account B to start new promotion. You can transfer the interest out too.

Expert here pls correct me if I'm wrong!

Hi for the 2 x $500 left in each isavvy and isavvy-i account, what interest does it get?
Thanks

 

[hwarzoner]

If today open isavvy and throw 75k funds can work towards the 2.1% ?

against the average daily balance in August 2019, so is yes.

 

[Gattberserk]

Can imagine the frustration and anxiety.

After verifying, did Citibank say what they are going to do ?

they say they will contact me and ytd they give me a call say no update. Have to wait for today call again.



What a BS, just get my $1000 back asap!