HWZ Forums

Login Register FAQ Mark Forums Read

Citibank Maxigain Savings Account

Like Tree551Likes
Reply
 
LinkBack Thread Tools
Old 08-05-2018, 02:28 PM   #2491
Master Member
 
jnashville's Avatar
 
Join Date: Feb 2010
Posts: 3,256
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.
so bottom line is, once the interest comes in, right away transfer it out. that will be safe right?
jnashville is offline   Reply With Quote
Old 08-05-2018, 02:44 PM   #2492
High Supremacy Member
 
Perisher's Avatar
 
Join Date: Jan 2015
Posts: 49,625
so bottom line is, once the interest comes in, right away transfer it out. that will be safe right?
Yup.
__________________
Perisher is offline   Reply With Quote
Old 08-05-2018, 02:52 PM   #2493
Senior Member
 
Join Date: Sep 2003
Posts: 882
interest is usually updated late on the last day of the month.
pertaining to withdrawing interest without drop in counter, does it make a difference whether the interest is withdrawn exactly on the day that interest is credited or the next day?
thanks
a4973 is offline   Reply With Quote
Old 08-05-2018, 03:11 PM   #2494
Master Member
 
swordsly's Avatar
 
Join Date: Jan 2008
Posts: 3,373
For those who are using this account to park your money, how do you keep it active?
swordsly is online now   Reply With Quote
Old 08-05-2018, 03:12 PM   #2495
High Supremacy Member
 
Perisher's Avatar
 
Join Date: Jan 2015
Posts: 49,625
For those who are using this account to park your money, how do you keep it active?
Active? I didn't touch it. Except log in to see cc bills.
__________________
Perisher is offline   Reply With Quote
Old 08-05-2018, 03:13 PM   #2496
Supremacy Member
 
Join Date: Feb 2013
Posts: 5,441
Interest even for $150k max out is about $280 per month.
No point drawing out on the last day of the month in the late night hours.

Just make it a habit to withdraw interest on the 1st of the following month, and if it is a Sunday or public holiday, the following business day.

interest is usually updated late on the last day of the month.
pertaining to withdrawing interest without drop in counter, does it make a difference whether the interest is withdrawn exactly on the day that interest is credited or the next day?
thanks
orochris likes this.
tmkedmw is offline   Reply With Quote
Old 08-05-2018, 03:14 PM   #2497
Supremacy Member
 
Join Date: Feb 2013
Posts: 5,441
For those who are using this account to park your money, how do you keep it active?
If u had already max out at $150k and earning max interest, withdrawing interest every month makes the account active.

If u haven't and are waiting for counter to accumulate, then just FAST in $1 every 3 months will keep the account active.
tmkedmw is offline   Reply With Quote
Old 08-05-2018, 03:31 PM   #2498
Senior Member
 
foxer77's Avatar
 
Join Date: Dec 2004
Posts: 2,289
what would be the minimum holding year to end this Maxi gain account therefore will not be accountable for any maint acc charges ? 1 year ? 2 year?
foxer77 is offline   Reply With Quote
Old 08-05-2018, 03:34 PM   #2499
Supremacy Member
 
heng_ah's Avatar
 
Join Date: Sep 2015
Posts: 6,244
For those who are using this account to park your money, how do you keep it active?
FAST tranfer in x amount from other bank to Maxigain.
Then use that x amount to pay smrt credit card.
heng_ah is online now   Reply With Quote
Old 08-05-2018, 03:54 PM   #2500
Senior Member
 
Join Date: Feb 2001
Posts: 1,702
y the need to keep it active? got fees?
leoch037 is offline   Reply With Quote
Old 08-05-2018, 04:04 PM   #2501
Greater Supremacy Member
 
Sinkie's Avatar
 
Join Date: Jan 2009
Posts: 78,784
y the need to keep it active? got fees?
Maybe he scare he will forget about it?
Sinkie is online now   Reply With Quote
Old 08-05-2018, 04:26 PM   #2502
Master Member
 
swordsly's Avatar
 
Join Date: Jan 2008
Posts: 3,373
y the need to keep it active? got fees?
I was told to keep it active or it will become inactive and there will be a charge?
swordsly is online now   Reply With Quote
Old 08-05-2018, 04:39 PM   #2503
Arch-Supremacy Member
 
mikezuper's Avatar
 
Join Date: Apr 2002
Posts: 15,707
I was told to keep it active or it will become inactive and there will be a charge?
No charge but you cant access and do transfer out via ibank. Need to go through branch to activate.
mikezuper is offline   Reply With Quote
Old 08-05-2018, 05:05 PM   #2504
Senior Member
 
artemov's Avatar
 
Join Date: Nov 2003
Posts: 1,645
What's the period of inactivity before the bank "deactivate" the account? I have reached 150k but I just leave the interest inside to compound the bonus interest.
artemov is offline   Reply With Quote
Old 08-05-2018, 06:03 PM   #2505
Master Member
 
jnashville's Avatar
 
Join Date: Feb 2010
Posts: 3,256
What's the period of inactivity before the bank "deactivate" the account? I have reached 150k but I just leave the interest inside to compound the bonus interest.
You mean the bonus interest got no max limit of 150k?
jnashville 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