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Citibank Maxigain Savings Account

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Old 08-05-2018, 06:14 PM   #2506
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You mean the bonus interest got no max limit of 150k?
If you read their FAQ, the 150k limit is only mentioned in the base interest portion.
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Old 08-05-2018, 06:22 PM   #2507
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You mean the bonus interest got no max limit of 150k?
Yup yup. Only the base bonus is subjected to 150k max limit.
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Old 08-05-2018, 07:01 PM   #2508
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You mean the bonus interest got no max limit of 150k?
No limit.
Anything above 150k, you will earn 1.25% p.a if you already hit step 12.

(1.20% + 0.05% base)
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Old 08-05-2018, 07:59 PM   #2509
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Nd to keep active??? Whr got this tnc?

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Old 08-05-2018, 08:03 PM   #2510
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Nd to keep active??? Whr got this tnc?

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Standard one leh. Most of the banks will consider your account dormant if no activity within certain period, usually in one year.
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Old 09-05-2018, 08:14 AM   #2511
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Different banks have different criteria, but typically >6 months. Usually 1 year but some maybe 2 year.

Inactivity also got different levels.

some banks:
active --> inactive --> dormant

some banks:
active --> dormant

Requires some effort to reactivate your "inactive" account, depending on the inactive "level".

Again here it differs amongst banks.
some as simple as a phone call for inactive account.
some need to go to branch.
dormant ones most likely have to go to branch as they need to see the physical person owning the account.
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Old 09-05-2018, 08:15 AM   #2512
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Thanks for the replies. I assume interest isnt counted.

Prolly gonna become inactive for mine then. Wats citibanks period?

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Old 09-05-2018, 08:29 AM   #2513
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say the Maxigain account becomes inactive.
will interest still be paid into the account?
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Old 09-05-2018, 08:36 AM   #2514
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Thanks for the replies. I assume interest isnt counted.

Prolly gonna become inactive for mine then. Wats citibanks period?

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I set auto fast transfer $1 into my maxigain from cimb bank every month
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Old 09-05-2018, 08:40 AM   #2515
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u can call CSO helpline and ask.
alternatively, u can try to FAST in $1 to see whether it is accepted.
I believe citi is 1 year or longer.

Interest crediting is initiated and done by the bank, so not counted as account being active as performed from the account owner side.

Thanks for the replies. I assume interest isnt counted.

Prolly gonna become inactive for mine then. Wats citibanks period?

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Old 09-05-2018, 01:53 PM   #2516
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heard that Citibank is amending from 0.8 to 0.7 of 1 mth sibor rate and min must maintain 70K instead of 15K. WEF 1July and deadline is 30Jun to top up to 70K. Citibank sending out letters soon.

Last edited by smileyquek; 09-05-2018 at 02:17 PM..
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Old 09-05-2018, 01:57 PM   #2517
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heard that Citibank is amending from 0.8% to 0.7% sibor rate and min must maintain 70K instead of 15K. WEF 1July and deadline is 30Jun to top up to 70K. Citibank sending out letters soon.
Wow 0.7% of sibor rate now

From 2.3% drop to 2.166% base on 1.38% sibor
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Old 09-05-2018, 01:57 PM   #2518
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heard that Citibank is amending from 0.8% to 0.7% sibor rate and min must maintain 70K instead of 15K. WEF 1July and deadline is 30Jun to top up to 70K. Citibank sending out letters soon.
If this is real, I wonder if you can terminate account without penalty for those who just signed up <6months.
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Old 09-05-2018, 02:01 PM   #2519
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heard that Citibank is amending from 0.8% to 0.7% sibor rate and min must maintain 70K instead of 15K. WEF 1July and deadline is 30Jun to top up to 70K. Citibank sending out letters soon.
Time to exit
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Old 09-05-2018, 02:14 PM   #2520
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You mean from 0.8 of 1mth SIBOR to 0.7 of 1mth SIBOR ?

heard that Citibank is amending from 0.8% to 0.7% sibor rate and min must maintain 70K instead of 15K. WEF 1July and deadline is 30Jun to top up to 70K. Citibank sending out letters soon.
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