HWZ Forums

Login Register FAQ Mark Forums Read

Citibank Maxigain Savings Account

Like Tree645Likes
Reply
 
LinkBack Thread Tools
Old 19-01-2018, 10:44 AM   #1741
Member
 
Join Date: Oct 2007
Posts: 486
I think you can look at it this way: while you could keep the money in the maxed out account, when you want to withdraw the accrued interest, your counter will drop back to 6. This is a lot more than a few cents.

Sent from HTC U11 using GAGT
finalforce is offline   Reply With Quote
Old 19-01-2018, 11:53 AM   #1742
Greater Supremacy Member
 
Sinkie's Avatar
 
Join Date: Jan 2009
Posts: 81,532
I think you can look at it this way: while you could keep the money in the maxed out account, when you want to withdraw the accrued interest, your counter will drop back to 6. This is a lot more than a few cents.

Sent from HTC U11 using GAGT
I have 2 maxigain account, when 2 of my accounts hit 12, I will withdraw all the accrued interest with some of the balance in that 1 account then transfer to the other account with the counter = 12

Then do the swing every 6 months
Sinkie is online now   Reply With Quote
Old 19-01-2018, 11:56 AM   #1743
Senior Member
 
Join Date: Sep 2003
Posts: 1,229
I have 2 maxigain account, when 2 of my accounts hit 12, I will withdraw all the accrued interest with some of the balance in that 1 account then transfer to the other account with the counter = 12

Then do the swing every 6 months
sounds complicated.
what would be the benefit of doing it?
a4973 is online now   Reply With Quote
Old 19-01-2018, 12:57 PM   #1744
Member
 
Join Date: Oct 2007
Posts: 486
I have 2 maxigain account, when 2 of my accounts hit 12, I will withdraw all the accrued interest with some of the balance in that 1 account then transfer to the other account with the counter = 12

Then do the swing every 6 months
Ya that sounds really complicated.

What if someone is using your method but already maxed out both? It's the same logic

Sent from HTC U11 using GAGT
finalforce is offline   Reply With Quote
Old 19-01-2018, 01:12 PM   #1745
Greater Supremacy Member
 
Sinkie's Avatar
 
Join Date: Jan 2009
Posts: 81,532
Ya that sounds really complicated.

What if someone is using your method but already maxed out both? It's the same logic

Sent from HTC U11 using GAGT
Then open 3 maxigain accounts?
Sinkie is online now   Reply With Quote
Old 19-01-2018, 01:26 PM   #1746
Supremacy Member
 
Join Date: May 2017
Posts: 7,156
You can have 2 maxigain account?
JuniorLion is offline   Reply With Quote
Old 19-01-2018, 01:40 PM   #1747
Senior Member
 
Join Date: Sep 2003
Posts: 1,229
You can have 2 maxigain account?
Probably 1 is joint account
a4973 is online now   Reply With Quote
Old 20-01-2018, 06:30 AM   #1748
Master Member
 
Tornesoul's Avatar
 
Join Date: Nov 2008
Posts: 3,307
If i open jan 2018 new account, i will reach counter 12 by jan 2019?

But only able to reveive 12 counter interest in feb2019?

Tornesoul is offline   Reply With Quote
Old 20-01-2018, 07:22 AM   #1749
Supremacy Member
 
Join Date: May 2017
Posts: 7,156
Probably 1 is joint account
It'll be awesome if joint account counts.
JuniorLion is offline   Reply With Quote
Old 20-01-2018, 02:34 PM   #1750
Member
 
SinkieBoi's Avatar
 
Join Date: Dec 2015
Posts: 102
Was told by the staff that theres no referral bonus for normal account opening and only for credit card referrals only. Anyone can confirm this?
SinkieBoi is offline   Reply With Quote
Old 20-01-2018, 04:23 PM   #1751
Supremacy Member
 
Join Date: Feb 2013
Posts: 6,015
Was told by the staff that theres no referral bonus for normal account opening and only for credit card referrals only. Anyone can confirm this?
Referral for Citi priority got reward.
tmkedmw is offline   Reply With Quote
Old 21-01-2018, 03:18 PM   #1752
Supremacy Member
 
Join Date: May 2017
Posts: 7,156
The waterway point branch is atrocious. The staff there kept pushing my family member to apply for credit cards, despite me insisting that I'm only there to apply for Citi Maxigain for my family member.

I've fedback this to Citibank already.


The Serangoon Garden Branch is much better.
JuniorLion is offline   Reply With Quote
Old 21-01-2018, 04:37 PM   #1753
High Supremacy Member
 
compro_1975's Avatar
 
Join Date: Jul 2004
Posts: 26,964
ok i agree with the saying the interest can go beyond 2%, so long as clock the 12 counters and sibor is more then 1%... it can even be 3% if sibor continues to rise
__________________
[SIZE=1]Go http://imageshack.us/ N Ppost Yr Pic NPNT OK[/SIZE]

I AM FROM THE 30.1%, EMPOWERED TO COMPLAIN
compro_1975 is offline   Reply With Quote
Old 21-01-2018, 05:18 PM   #1754
High Supremacy Member
 
MikeDirnt78's Avatar
 
Join Date: Jun 2002
Posts: 27,003
ok i agree with the saying the interest can go beyond 2%, so long as clock the 12 counters and sibor is more then 1%... it can even be 3% if sibor continues to rise
By then Citibank may change the rules.

They have done that for the Step-Up Account more than 10 years ago. Interest rates were revised down.
maumu likes this.
__________________
Eat | Live | Punk Rock | Save | Invest | Finance | Fitness | Pixel | Tech | DIY
POHA Cap. 256A
MikeDirnt78 is online now   Reply With Quote
Old 21-01-2018, 05:19 PM   #1755
Supremacy Member
 
Join Date: May 2017
Posts: 7,156
By then Citibank may change the rules.

They have done that for the Step-Up Account more than 10 years ago. Interest rates were revised down.
Certainly. In that event, people will take their money and go.
JuniorLion is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On