Citibank Maxigain Savings Account

SCG8866T

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BOC should be higher right? If you add in base rate and the extra saving bonus interest

0.4 + 0.4 + 0.5 + 0.5 + 0.3 = 2.2%

Singlife - $10K, 2.5%
Dash Easy Earn - $20K, 2.0%
Etiqa Elastiq -Up to $50K, 1.8%
Stashaway Simple - No limit, about 1.9%.

Upon making eligible transactions:

DBS Multiplier - $50K or $100K, 2.xx - 3.xx%
Bank of China - $80K, 1.45% (With effect from 1 August)
Standard Chartered Bonus Saver - $80K, 1.3%
UOB ONE - $75K, 1.2% (but factor in cashback from UOB One card $2K spending, can be up to 2.8%)
 

Trazora

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BOC should be higher right? If you add in base rate and the extra saving bonus interest

0.4 + 0.4 + 0.5 + 0.5 + 0.3 = 2.2%
Rates nerfed wef 1 Aug

base 0.15%
Salary min $6000 0.5%, $2000 0.3%
Card spend min $1500 0.5%, $500 0.3%
Payment 0.3%
Total max 1.45%
 
Last edited:

dreant

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For reference, based on my calculations, base interest paid out over the last two years has been approximately the following:

2020-07 0.125%
2020-06 0.125%
2020-05 0.188%
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
 

ngbc

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Revision to the Citi MaxiGain Savings Account

With effect from 1 October 2020, please note that the following changes will apply to your Citi MaxiGain Account:

A base interest rate of 0.01% p.a. will be paid on the entire account balance. There is no minimum balance required to earn base interest.
Your balances capped at S$70,000 shall earn bonus interest at a rate that steps up each month, starting from 0.05% p.a. to a maximum of 0.60% p.a., and will be applied to the S$70,000 of your balance.


https://www.citibank.com.sg/gcb/deposits/mxgn-savacc.htm#
 

vsvs24

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Revision to the Citi MaxiGain Savings Account

With effect from 1 October 2020, please note that the following changes will apply to your Citi MaxiGain Account:

A base interest rate of 0.01% p.a. will be paid on the entire account balance. There is no minimum balance required to earn base interest.
Your balances capped at S$70,000 shall earn bonus interest at a rate that steps up each month, starting from 0.05% p.a. to a maximum of 0.60% p.a., and will be applied to the S$70,000 of your balance.


https://www.citibank.com.sg/gcb/deposits/mxgn-savacc.htm#

Aiyoh. Who wants to climb ladder again
 

Trazora

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Revision to the Citi MaxiGain Savings Account

With effect from 1 October 2020, please note that the following changes will apply to your Citi MaxiGain Account:

A base interest rate of 0.01% p.a. will be paid on the entire account balance. There is no minimum balance required to earn base interest.
Your balances capped at S$70,000 shall earn bonus interest at a rate that steps up each month, starting from 0.05% p.a. to a maximum of 0.60% p.a., and will be applied to the S$70,000 of your balance.


https://www.citibank.com.sg/gcb/deposits/mxgn-savacc.htm#

Think they have typo 0.1% not 0.01%
 

vsvs24

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Start at 0.15%, max 0.7%. Quite pathetic

Might be useful for who still maintain counter 12 as higher than Maybank Isavvy last cycle rate. The page taken down. Don't even know whether will still have Maybank isavvy in Sep.
 

dreant

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For reference, based on my calculations, base interest paid out over the last two years has been approximately the following:

2020-08 0.124%
2020-07 0.125%
2020-06 0.125%
2020-05 0.188%
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
 

Ginnylim07

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Revision to the Citi MaxiGain Savings Account

With effect from 1 October 2020, please note that the following changes will apply to your Citi MaxiGain Account:

A base interest rate of 0.01% p.a. will be paid on the entire account balance. There is no minimum balance required to earn base interest.
Your balances capped at S$70,000 shall earn bonus interest at a rate that steps up each month, starting from 0.05% p.a. to a maximum of 0.60% p.a., and will be applied to the S$70,000 of your balance.


https://www.citibank.com.sg/gcb/deposits/mxgn-savacc.htm#
Is this worse than previous revised?
 

maumu

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actually it might sound like a good idea to climb the ladder again... back to 0.7% as we see the banks all dropping rates to all-time lows...

now maxigain > isavvy/eSaver… it all comes back to square one.
 

compro_1975

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Revision to the Citi MaxiGain Savings Account

With effect from 1 October 2020, please note that the following changes will apply to your Citi MaxiGain Account:

A base interest rate of 0.01% p.a. will be paid on the entire account balance. There is no minimum balance required to earn base interest.
Your balances capped at S$70,000 shall earn bonus interest at a rate that steps up each month, starting from 0.05% p.a. to a maximum of 0.60% p.a., and will be applied to the S$70,000 of your balance.


https://www.citibank.com.sg/gcb/deposits/mxgn-savacc.htm#

as good as worthless
 
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