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Citibank Maxigain Savings Account

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Old 14-04-2018, 10:05 AM   #2371
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yea, waiting for the 250 to come and i empty it liao haaa, but the 250 like nv come leh... i open on the 1st wrking day of the year
Eh..the officer said to receive it first before shifting leh to play safe.....becos how you know they start the 3 months from which point?

I mean date of opening, date of 70k funding, date of online risk assessment done, OR last day of month of account opening?

I hope you empty it with a safety of margin after 3 months
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Old 14-04-2018, 10:15 AM   #2372
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Eh..the officer said to receive it first before shifting leh to play safe.....becos how you know they start the 3 months from which point?

I mean date of opening, date of 70k funding, date of online risk assessment done, OR last day of month of account opening?

I hope you empty it with a safety of margin after 3 months
yup, everyday eyeing to empty it.. i read the t&c that time, i after getting it, i will transfer everything back to sc for a while, so mayb shall lose the priority statues lor

anyone can decode my interest? i trying to find out the accuracy of my calculator for the base int and bonus int... my statement wrote this:
'The lowest daily balance of the month: SGD 10,001.00 @ Feb 02, SGD 10,002.00 @ Mar 02
You have accumulated 2 STEP-UP (Mar)'

knowing that my bonus is 0.2, i work backwards,
1/3/2018 10,008.20
2/3/2018 10,002.00 (i trf 6.2 out on 2nd)
Average holding for month is 10,002.2
for 0.2%, (((0.2/100)/365)*10,002.2)*31 = $1.70 but i got $1.53

Witht he above fomula i wanted to see the base interest but even bonus with no unknown i cant work out the sums..... where am i wrong ar?
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Old 14-04-2018, 10:16 AM   #2373
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some of us sign up maxigain but offered to open priority account and get 250 in int plus account 1st
What is your timeline of account opening and fund movements? See you eligible or not.
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Old 14-04-2018, 10:33 AM   #2374
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What is your timeline of account opening and fund movements? See you eligible or not.
yup, all met the timeline, my 2 baanks both super sweet, will reminder text me haaa, i agree citi some are pushy, but those are the young ones... the older ones and prettier ones dun seems to have problem with their services and sales..
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Old 14-04-2018, 11:01 AM   #2375
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last month the base interest is how much ar?
If you kept the same amount throughout Mar, the base interest works out to be 1.01054%
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Old 14-04-2018, 11:06 AM   #2376
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If you kept the same amount throughout Mar, the base interest works out to be 1.01054%
My calculated sibor is 1.263% so yup correct... cqn help with my bonus calculation?
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Old 14-04-2018, 02:04 PM   #2377
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anyone can decode my interest? i trying to find out the accuracy of my calculator for the base int and bonus int... my statement wrote this:
'The lowest daily balance of the month: SGD 10,001.00 @ Feb 02, SGD 10,002.00 @ Mar 02
You have accumulated 2 STEP-UP (Mar)'

knowing that my bonus is 0.2, i work backwards,
1/3/2018 10,008.20
2/3/2018 10,002.00 (i trf 6.2 out on 2nd)
Average holding for month is 10,002.2
for 0.2%, (((0.2/100)/365)*10,002.2)*31 = $1.70 but i got $1.53
It should be 28 days? Hence:
(((0.2/100)/365)*10001)*28days= $1.53

Also, the lowest balance should be $10001 (which is Feb lowest balance.)

Last edited by Hwsemb; 14-04-2018 at 02:11 PM..
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Old 14-04-2018, 02:16 PM   #2378
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yup, all met the timeline, my 2 baanks both super sweet, will reminder text me haaa, i agree citi some are pushy, but those are the young ones... the older ones and prettier ones dun seems to have problem with their services and sales..
So u put 10001 in Maxigain then another 70k in interestPlus account? If not not qualify for the $250.
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Old 14-04-2018, 02:23 PM   #2379
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My calculated sibor is 1.263% so yup correct... cqn help with my bonus calculation?
Assuming your counter will not reset, now we can also calculate your bonus interest(for month Mar) that you will be receiving soon, at the end of Apr 2018:

0.3% * 10002 * 31/365 = $2.548
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Old 14-04-2018, 03:17 PM   #2380
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So u put 10001 in Maxigain then another 70k in interestPlus account? If not not qualify for the $250.
ya i made a mistake.. should just put $1 in maxi and 70k in intp then the rest in standard chart... but oh well, lesson learnt...
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Old 14-04-2018, 03:19 PM   #2381
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It should be 28 days? Hence:
(((0.2/100)/365)*10001)*28days= $1.53

Also, the lowest balance should be $10001 (which is Feb lowest balance.)
ya!!! i now recall! end mar is get feb bonus! ok the sum matches! weeeheee
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Old 14-04-2018, 03:43 PM   #2382
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ya i made a mistake.. should just put $1 in maxi and 70k in intp then the rest in standard chart... but oh well, lesson learnt...
So when is your week 17 to 19?
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Old 15-04-2018, 06:24 AM   #2383
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ya i made a mistake.. should just put $1 in maxi and 70k in intp then the rest in standard chart... but oh well, lesson learnt...
minimum 10k for maxigain
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Old 15-04-2018, 06:25 AM   #2384
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what is the benefit of priority status?

yup, everyday eyeing to empty it.. i read the t&c that time, i after getting it, i will transfer everything back to sc for a while, so mayb shall lose the priority statues lor

anyone can decode my interest? i trying to find out the accuracy of my calculator for the base int and bonus int... my statement wrote this:
'The lowest daily balance of the month: SGD 10,001.00 @ Feb 02, SGD 10,002.00 @ Mar 02
You have accumulated 2 STEP-UP (Mar)'

knowing that my bonus is 0.2, i work backwards,
1/3/2018 10,008.20
2/3/2018 10,002.00 (i trf 6.2 out on 2nd)
Average holding for month is 10,002.2
for 0.2%, (((0.2/100)/365)*10,002.2)*31 = $1.70 but i got $1.53

Witht he above fomula i wanted to see the base interest but even bonus with no unknown i cant work out the sums..... where am i wrong ar?
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Old 15-04-2018, 07:02 AM   #2385
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minimum 10k for maxigain
If priority

$70k in INS
$1 in maxigain enough to kick start counter Liao

The correct method is

70k is INS 1$ in maxigain for 3 months
4th month trsf 15k to maxi
The remaining 55k back to an acct of ur choice.

Wait till ur desired total interest
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