Citibank Maxigain Savings Account

o2atom

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With these changes, the interest rate is no longer tied to SIBOR.

Even normal DBS account will yield more at 0.05%.
 

ekardo

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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.

after all the tired climb, all you know they also nerf their interest rate further...

my advice, forget about this maxi gain..it's maxi waste of time..
 

Trazora

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Yes, because that is how it works... currently; where it talks about 50% of SIBOR and assuming SIBOR is 0.2%, and so on.

0.01% is how it is going to work, from 1 Oct 2020 onward.

Oic then only 0.06% to 0.61%
 

dude123

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Lucky the revision don't affect me in fact I will get 0.01% more as my account is below 70k. Since my acc is below 70k I don't get base interest. Thanks citi for your extra 0.01% 😄
 

JetStorm

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this account just keeps getting worse.

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT
 

Barbarblacksheep

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But Citi is dropping in much faster rate. Not to forget their minimum requirement.

Their base interest is 0.01%
Bonus interest of up to 0.60% only on first 70k
Fall bellow fee of $15 if less than 70k

Not worth to leave inside already since can get higher elsewhere
 

dude123

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Their base interest is 0.01%
Bonus interest of up to 0.60% only on first 70k
Fall bellow fee of $15 if less than 70k

Not worth to leave inside already since can get higher elsewhere

Fall below fee is for less than 20k..I do not incurred fall below fee when I'm at 20k for many months
 

cscs3

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Their base interest is 0.01%
Bonus interest of up to 0.60% only on first 70k
Fall bellow fee of $15 if less than 70k

Not worth to leave inside already since can get higher elsewhere

Not aware of fall below fee of 70K. But agreed Maxigain is no longer a attractive product. Planned to close and move somewhere else.
 

vddgnd

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Their base interest is 0.01%
Bonus interest of up to 0.60% only on first 70k
Fall bellow fee of $15 if less than 70k

Not worth to leave inside already since can get higher elsewhere
Previously fall below fee $15 if TRB less than $15k. Where stated change to $70k?
 
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