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Citibank Maxigain Savings Account

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Old 27-01-2018, 02:49 PM   #1831
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my bonus coming in, gonna open this account but one question.

I read through this thread, some say must show cheque of $15k or something. But I dont have cheque, can go buy cashier order for this? but damn ley ceh pay $ buy the cashier order.

can i open my bank account show them i got the money lol
Just find a place w ur main bank and citibank nearby.

I withdrew from dbs at plaza sing, walked to mcdonald house

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Old 27-01-2018, 02:59 PM   #1832
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What's the big hoohaa about taking cheque or cashiers order?

Just take 15k cash. Request for 15 $1k notes, or $100 notes

There was a period of time where I withdraw about 100k cash everyday.
They don't always have big notes, so I often get $50 notes which 1 stack worth $10k is only 1 palm size

Usually one big brown envelope can put everything. Walk out like holding a bag of gaolats
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Old 27-01-2018, 03:31 PM   #1833
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What's the big hoohaa about taking cheque or cashiers order?

Just take 15k cash. Request for 15 $1k notes, or $100 notes

There was a period of time where I withdraw about 100k cash everyday.
They don't always have big notes, so I often get $50 notes which 1 stack worth $10k is only 1 palm size

Usually one big brown envelope can put everything. Walk out like holding a bag of gaolats
I ever took a paper bag of $1000 notes, total near $2m sgd by mrt somemore, once u carry a few time, u won't be scared to even put a few thousands dollar notes in your pocket and walk around lol
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Old 27-01-2018, 07:50 PM   #1834
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Cashiers order need pay meh?
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Old 27-01-2018, 08:09 PM   #1835
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Cashiers order need pay meh?
I always go dbs treasure to get free
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Old 27-01-2018, 10:53 PM   #1836
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I did the same thing too

But can try go to MacDonald house branch and said u wanna open account first. At least the teller didn’t insist to see cheque/cash/cashier order before she processed my request la (unlike woodland one)

Just find a place w ur main bank and citibank nearby.

I withdrew from dbs at plaza sing, walked to mcdonald house
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Old 27-01-2018, 11:31 PM   #1837
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I ever took a paper bag of $1000 notes, total near $2m sgd by mrt somemore, once u carry a few time, u won't be scared to even put a few thousands dollar notes in your pocket and walk around lol
Bank never ask you meh withdraw so much cash??
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Old 28-01-2018, 01:14 AM   #1838
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Bank never ask you meh withdraw so much cash??
Is withdraw from casino, not bank la
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Old 28-01-2018, 01:56 AM   #1839
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I always go dbs treasure to get free
I didn't get charge when i got it from a normal branch tho..
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Old 28-01-2018, 10:01 PM   #1840
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I am planning to do this actually. Except mine is OCBC 360 to this .

Orchard Central is the nearest full service branch to McDonald House

Or is there a closer alternative?

The other one I can think of is Jem to CPF house in Jurong East.
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Old 28-01-2018, 11:10 PM   #1841
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I am planning to do this actually. Except mine is OCBC 360 to this .

Orchard Central is the nearest full service branch to McDonald House

Or is there a closer alternative?

The other one I can think of is Jem to CPF house in Jurong East.
u got dbs bank?

if u gg on sat take note of time. ocbc sat 11am orchard central open, citibank 930-12 only
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Old 29-01-2018, 05:56 AM   #1842
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Hi just to ask about this account...

The different counters mean different months?

And why is it good to invest more after the first year?
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Old 29-01-2018, 06:16 AM   #1843
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You gain 1 counter each month for having the same amount or more in your account which equates to a 0.1% increase in the account interest tilla a max of 12 counters, which currently corresponds to a 2% interest for the account.

Hi just to ask about this account...

The different counters mean different months?

And why is it good to invest more after the first year?
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Old 29-01-2018, 09:58 AM   #1844
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Hi just to ask about this account...

The different counters mean different months?

And why is it good to invest more after the first year?
You can just dump 150k into it when you open, if you don't have any other places which'll get more than 1% or so. Cos starting interest will be about 0.8%, and it'll reach about 2% only after 12 months.

So most people only put the minimum ($15k) inside first, until the interest is higher than elsewhere, then put the max ($150k) inside.

Say you have $100k now, earning 1.2% somewhere. If you open this acc, first put $15k inside. After about 4~5 months, interest for this acc will now be 1.2 or 1.3%, higher than your other account liao. Then you can now put the rest of your $ ($85k) in the citi account.

Just take note that you can't treat this as an everyday-expenses account. The quick summary is, just don't withdraw/transfer money out. To be more detailed, make sure the lowest daily balance in one month is at least as high as the lowest daily balance in the previous month.
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Old 29-01-2018, 11:12 AM   #1845
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Can combo with SSB, so any amount above 15k, put in SSB first, which in it's first year, currently yielding 1.55%, not sure what's the % for the new one yet.

So 15k in maxigain earning 0.8%+counter.
The rest in SSB earning 1.55% tentatively.

After 1 year, switch out whatever amount in SSB into maxigain up to 150k to earn full interest. 0.8%+12counter /1.2%. Or just take out anytime it is above 1.55%.
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