Lastest S$ Deposit updates - Part 3

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vsvs24

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Utonian

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correct, so can move out everything keeping maybe 100 to rebuild counter (6 back up to 12) and see what develops?
 
Utonian

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i think no more? read from there under T&C

https://www.citibank.com.sg/personal-banking/deposits/savings-account/citi-maxigain-savings-account/
#The base interest rate will be paid on the entire balance of your Citi MaxiGain Savings Account ("MaxiGain account"). No minimum balance is required to earn base interest.

^Your balances capped at S$70,000 shall accrue bonus interest at a rate ("Bonus Interest Rate") that steps up each month, from 0.05% p.a. to a maximum of 0.6% p.a., calculated based on your lowest balance in the previous month, if the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month. The lowest amount of funds in your MaxiGain account at any point in time in a month shall be the "lowest balance" of that month. The "Counter" increases by 1 each time the Bonus Interest Rate steps up. No minimum balance is required in your MaxiGain account to earn bonus interest.
 
heartywarrior

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Utonian said:
i think no more? read from there under T&C

https://www.citibank.com.sg/personal-banking/deposits/savings-account/citi-maxigain-savings-account/
#The base interest rate will be paid on the entire balance of your Citi MaxiGain Savings Account ("MaxiGain account"). No minimum balance is required to earn base interest.

^Your balances capped at S$70,000 shall accrue bonus interest at a rate ("Bonus Interest Rate") that steps up each month, from 0.05% p.a. to a maximum of 0.6% p.a., calculated based on your lowest balance in the previous month, if the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month. The lowest amount of funds in your MaxiGain account at any point in time in a month shall be the "lowest balance" of that month. The "Counter" increases by 1 each time the Bonus Interest Rate steps up. No minimum balance is required in your MaxiGain account to earn bonus interest.
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9. These Terms and Conditions should be read in conjunction with the Citibank Singapore Global Consumer Banking Terms and Conditions.

https://www.citibank.com.sg/pricingguide/
^^The monthly minimum Total Relationship Balance (TRB) to be maintained by a customer is S$15,000. Account Service Fee of S$15 per month will apply if your TRB is less than S$15,000 at the end of each month.

so unless you got other ** a/cs with up to $15k, thus fullfilling the TRB, u will get charged monthly $15 fee
 
heartywarrior

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maumu

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ckman3 said:
Think similar to previous cycle Jul to Sep. Keep minimum to maintain HYSA+ in good standing when doing the musical chair.
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yup, $500 is the min for HYSA+ the CSO also reminded me to keep account "in good standing" whatever that means to the bank.. -.-
 
Utonian

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Thanks probably less effort to just close off the account totally.
In any case if maxigain interest ever increase, it will lag the market
 
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banyan8

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maumu said:
yup, $500 is the min for HYSA+ the CSO also reminded me to keep account "in good standing" whatever that means to the bank.. -.-
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The bonus interest T&C does not say about $500. Is it the min ADB for fall-below fee?
 
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maumu

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banyan8 said:
The bonus interest T&C does not say about $500. Is it the min ADB for fall-below fee?
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apologies but I might have mixed up with the high yield savings account (without the 'plus'). then again, idk if it's safe to assume there's no min. although it did say there's no fall-below fees chargeable for the HYSA+.

so I just stick $500 inside... following the HYSA.
 
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lzydata

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Year End Savings Festival

For new accountholders

From now till 31 Dec 2021, receive up to S$150 cash credit* when you sign up for any eligible UOB savings account online, deposit fresh funds and register your participation in the UOB Year End Savings Festival.

Incremental Fresh Funds Amount (measured against September 2021 MAB)Cash Credit Amount
S$5,000S$50
S$100,000S$150
Click to expand...

https://www.uob.com.sg/personal/save/promotion/casapromo.page
Incremental Fresh Funds of $5k are not earmarked but must be deposited and maintained until the 15th of the next month.

Incremental Fresh Funds of $100k must be earmarked. For example, if the deposit is made in 1-31 October, the earmark end date is 16 February 2022, so about 3.5 months+.

Existing accountholders can also get $100 cash credit with at least $100k incremental fresh funds.
 
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