Hi! Could I check when does Maybank usually release the rates for the next two months? I note it’s nearing May but they still haven’t release the rates for May-June haha.
Hi! Could I check when does Maybank usually release the rates for the next two months? I note it’s nearing May but they still haven’t release the rates for May-June haha.
May I know if withdraw from Citibank maxigain when counter is 12, it will drop to 6?
Yes if withdraw such that min balance is lower than that in previous month.
Thanks. And have to maintain above 70k?
I think it's more for diversification. The plus side is this account you can still withdraw anytime you want.With the 1 month SIBOR rate now around 0.8%, and with their counter increasing at 0.05%. The max rate for this is only around 1%, prob one of the worst among foreign banks.
Curious what could be the reason you are STILL sticking with citi other than diversification if you have too much $$$?
If not, high time to review your deposits with them.
During this challenging time, dun lock up your $$ with uncompetitive banks...
I think it's more for diversification. The plus side is this account you can still withdraw anytime you want.
Other FDs are locked up.
Sent from 8riversuites using GAGT
I think it's more for diversification. The plus side is this account you can still withdraw anytime you want.
Other FDs are locked up.
Sent from 8riversuites using GAGT
I shifted to DBS 12 months FD at 1.4%
Once u cfm and lock in, they cannot change the interest rate.Will the interest change after your tenor started? They are changing to lower interest rate from 4th may
I shifted to DBS 12 months FD at 1.4%
I think it's more for diversification. The plus side is this account you can still withdraw anytime you want.
Other FDs are locked up.
Sent from 8riversuites using GAGT
MAY intrest rate also drop to 1.15% or so
U can place the money before 4 May. I done it online in less than 5 mins.
For reference, based on my calculations, base interest paid out over the last two years has been approximately the following:
2020-04 0.455%
2020-03 0.606%
2020-02 0.841%
2020-01 0.858% // bonus interest reduced to 0.05% per counter
2019-12 0.885% // 50% of 1m SIBOR
2019-11 1.230% // 70% of 1m SIBOR
2019-10 1.298%
2019-09 1.312%
2019-08 1.315%
2019-07 1.318%
2019-06 1.319%
2019-05 1.302%
2019-04 1.279%
2019-03 1.289%
2019-02 1.260%
2019-01 1.242% // 70% of 1m SIBOR
2018-12 1.358% // 80% of 1m SIBOR
2018-11 1.296%
2018-10 1.213%
2018-09 1.210%
2018-08 1.219%
2018-07 1.200%
2018-06 1.138% // 80% of 1m SIBOR
0.44% is super low