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Citibank Maxigain Savings Account

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Old 02-05-2018, 01:50 AM   #2476
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testing my sibor calculator again... i got 1.372% correct?
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Old 02-05-2018, 12:15 PM   #2477
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hi, do the sibor interest rate count only when you've 150k in your account ?
correct me if i'm wrong
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Old 02-05-2018, 12:18 PM   #2478
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hi, do the sibor interest rate count only when you've 150k in your account ?
correct me if i'm wrong
The Bank shall pay you a base interest rate ("Base Interest Rate") at 80% of the 1 month Singapore Dollar Singapore Interbank Offer Rate ("1 month SIBOR") on your daily balance, up to the first S$150,000 in your MaxiGain account. For example, if 1 month SIBOR is 1% p.a., the Base Interest Rate shall be 0.8% p.a.

The 1 month SIBOR for December 2015 was 0.972% p.a. for your reference. If the 1 month SIBOR is 0% p.a. or lower, the Base Interest Rate shall be zero.

A Base Interest Rate of 0.05% p.a. shall apply to balances in your MaxiGain account in excess of S$150,000.
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Old 02-05-2018, 12:19 PM   #2479
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hi, do the sibor interest rate count only when you've 150k in your account ?
correct me if i'm wrong
No.

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Old 02-05-2018, 01:35 PM   #2480
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hi, do the sibor interest rate count only when you've 150k in your account ?
correct me if i'm wrong
No. You will get the bonus interest for amount lesser than 150k too.
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Old 02-05-2018, 02:09 PM   #2481
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testing my sibor calculator again... i got 1.372% correct?
yup. mine one seems 1.371%
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Old 03-05-2018, 09:55 AM   #2482
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Changed of Min. Sum?

Talked to a CSO a few days ago, he said that Citibank going to change the min. sum to a higher amount (50k-70k?) around June/July? Anyone to verify?
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Old 03-05-2018, 10:00 AM   #2483
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Talked to a CSO a few days ago, he said that Citibank going to change the min. sum to a higher amount (50k-70k?) around June/July? Anyone to verify?
For maxigain or for priority account minimum balance?
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Old 08-05-2018, 10:45 AM   #2484
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Would be nice if someone could do the math for amounts exceeding $150k - some people will now have higher balances due to interest added each month. At what point does it make sense to withdraw the excess (and lose 6 counters)?
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Old 08-05-2018, 10:52 AM   #2485
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it doesn't make sense to keep more than 150k because the base interest is only up to 150k.

anything above 150k only gets the basic interest (0.05%?) something lydat.

the bonus interest, on the other hand, is capped at 1.2%. this has no limit on amount. you may as well move the interest out and parked at elsewhere with higher interest FD or TD... or SSB.

anyway, to each his own. depends how much time you have to move funds around too. if u lazy, and don't mind 1.2% then keep snowballing lor. but note that you cannot withdraw else the counter will drop to 6 (0.6%) instead of 12. so the money is locked in a sense. do u want that? u decide...
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Old 08-05-2018, 11:56 AM   #2486
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Would be nice if someone could do the math for amounts exceeding $150k - some people will now have higher balances due to interest added each month. At what point does it make sense to withdraw the excess (and lose 6 counters)?
some people mention in this thread that u can actually with draw the excess interest, and it wont affect the counters.
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Old 08-05-2018, 12:10 PM   #2487
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if i may ask, currently for those who already has this maxigain account for more than 12 months with counter already full, what was the average maximum interest rate for the past months?

just a rough estimate reply. 2.1 to 2.4 percent?
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Old 08-05-2018, 01:04 PM   #2488
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if i may ask, currently for those who already has this maxigain account for more than 12 months with counter already full, what was the average maximum interest rate for the past months?

just a rough estimate reply. 2.1 to 2.4 percent?
Jus go to maxigain website, see their sibor rate as a gauge
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Old 08-05-2018, 01:10 PM   #2489
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Jus go to maxigain website, see their sibor rate as a gauge
Now 1 month sibor 1.38%

Sibei song
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Old 08-05-2018, 01:45 PM   #2490
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some people mention in this thread that u can actually with draw the excess interest, and it wont affect the counters.
if u have the time and discipline, u can withdraw the whole monthly interest so as to keep the minimum daily balance at exactly $150k each month to max the base interest and also the bonus interest without locking up anything more than $150k.

just use FAST transfer.
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