Citibank Maxigain Savings Account

[rrr2015]

is it that bad? did a quick workout (interest x12 / balance), interest still around 2%, about 0.4% drop

current 1m sibor shld be 1.75%

 

[wira]

is it that bad? did a quick workout (interest x12 / balance), interest still around 2%, about 0.4% drop

Interest now is 0.5x1.75 + 0.6 = 1.475%

 

[oceanicmanta]

is it that bad? did a quick workout (interest x12 / balance), interest still around 2%, about 0.4% drop

i assume u did not withdraw on 1 Dec and maintained same amount throughout ?

if so, next month would adjust down to next calculation (per wira)

 

[laurent_rio]

I kena account interest fee 15 sgd, cant close on yesterday since still on vacation. Do you think can get back that 15 sgd fee ?

 

[a4973]

I kena account interest fee 15 sgd, cant close on yesterday since still on vacation. Do you think can get back that 15 sgd fee ?

So your account went into negative? Ie -$15.00?

 

[rrr2015]

ah thanks! yes didn't withdraw for dec 2019
now can consider to withdraw liao

Interest now is 0.5x1.75 + 0.6 = 1.475%

i assume u did not withdraw on 1 Dec and maintained same amount throughout ?

if so, next month would adjust down to next calculation (per wira)

 

[laurent_rio]

So your account went into negative? Ie -$15.00?

No i put there about 30$ left, since i am afraid they will blacklisted me if my account become negative

 

[Trazora]

No i put there about 30$ left, since i am afraid they will blacklisted me if my account become negative

You just left the money there for them to deduct then? You can try to appeal for unlikely they will refund the $15.

 

[vsvs24]

No i put there about 30$ left, since i am afraid they will blacklisted me if my account become negative

May I know what is the posting date for the $15 fee ?

 

[Archnemo]

Woohoo, zeroed the account and got the free cashier order to open HSBC account just next door in Holland V. Haha.

Wonder how much outflow they got hit in these 2 months

 

[foxer77]

Woohoo, zeroed the account and got the free cashier order to open HSBC account just next door in Holland V. Haha.

Wonder how much outflow they got hit in these 2 months

some will still use it as a saving account. since interest still better than normal bank.

 

[bumdssa]

can close account at those instant banking branches at mrt stations?

 

[assiak71]

Acc still not closed after live chat on 2 jan

 

[happykapy]

What did you end up doing ?
In similar boat.

Currently have

60k on BOC smartsaver ($1500 spending) 3.55%pa
75k on UOB one ($500 spending) 2.43%pa
125k on citi maxigain 1.5% max after Jan

I'm studying as options you guys share at the moment. It's a disappointment to remove maxigain from the game.

here's my options:

1. Shift the 125k to maybank isavvy and scb esaver for 1.9% for the next 2 months

2. Shift either BOC or UOB funds with 125k (maxigain) to hsbc premier for the 2% base interest and additional 2% for 100k $800 spend for the next 3 months

if you were me, what do you do? thanks for advise though!

 

[merlot6230]

Interest now is 0.5x1.75 + 0.6 = 1.475%

i m okay to hold on at maxigain since i read so many complicate shift here n there after a few month, take up too much time and effort.

since i m pending for the cash top up so i rather stay on unless i see another saving account higher then 1.5% instead of fixed deposit, structure endw or step saving gimick.

 

[maumu]

I kinda give up on maxigain as there are others with easy 1.9% interest for 2-mth and so on, just merry-go-round. easier now with $200k daily transfer limit and FAST.

so it's back to eSaver/iSavvy for those who're already familiar.

 

[ekardo]

Staying!!! Dun wanna get dizzy sigh merry go round and ever changing interest rate.

 

[heng_ah]

some will still use it as a saving account. since interest still better than normal bank.

You meant higher than the normal bank like POSB Savings 0.05% p.a?

It's just because the normal bank is not normal anymore ....

 

[vsvs24]

You meant higher than the normal bank like POSB Savings 0.05% p.a?

It's just because the normal bank is not normal anymore ....

Saw the 2019 interest credited on 31 Dec in my POSB.... really misearable.

 

[Squaredot]

Saw the 2019 interest credited on 31 Dec in my POSB.... really misearable.

mine one year a few dollars