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Citibank Maxigain Savings Account

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Old 26-05-2018, 04:38 PM   #2656
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So now the pending changes will be 70% sibor rate and 70k? If 70k, I cannot make it sia, I'm a poor peasant
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Old 26-05-2018, 05:21 PM   #2657
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the staff who served me this week told me there is a possibility of this as well, plus revision to 70% of SIBOR rate. He said they are still waiting for confirmation too, and the banks may be sending letters to customers in July, and will be given 2 months' grace period to top up your account to 70k.

Due to all these rumours, I'm reluctant to top up my account yet since the staff themselves can't verify it.
Quite possible as interest rate continue to raise. Maintain the same way of calculation then bank is going to loss money.
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Old 26-05-2018, 05:25 PM   #2658
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Wah.. must have min 70k to earn interest? This must be the 1st bank acct explicitly targeted at rich ppl
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Old 26-05-2018, 07:40 PM   #2659
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i was told that there was a promo that if u top up certain amount and they give u 3x counter jump? true?
Yes in Dec 2017
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Old 26-05-2018, 10:03 PM   #2660
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It's saying, we don't need your business (if it's under 70k)

Nvm. SSB returns just as good or better
yes, SSB returns are better n fixed. Maxigain's interest will drop once SIBOR drops, especially if reduced to 70% sibor
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Old 26-05-2018, 10:27 PM   #2661
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the staff who served me this week told me there is a possibility of this as well, plus revision to 70% of SIBOR rate. He said they are still waiting for confirmation too, and the banks may be sending letters to customers in July, and will be given 2 months' grace period to top up your account to 70k.

Due to all these rumours, I'm reluctant to top up my account yet since the staff themselves can't verify it.
Now need 70k to maintain the account else account will be close by Jul?




Just opened at citi. Heard from the horse mouth.


Any other good savings account left?
Lots of rumour mongers.
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Old 27-05-2018, 06:28 AM   #2662
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Old 27-05-2018, 10:12 AM   #2663
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U call to check lo. That’s what the bloke who serve me says.

Maybe not official yet. But they sure are considering

Totally rubbish... that's only hearsay.

Why need to call?
Why don't you ask the bloke to put in black and white?

I find the bloke is really unprofessional if he were to spread rumours to customers before official announcement.
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Old 27-05-2018, 01:28 PM   #2664
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What is the minimum amount for this account ?

If I have 20k on hand, how can I earn interest from this account ?

Please advise.
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Old 27-05-2018, 01:35 PM   #2665
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What is the minimum amount for this account ?

If I have 20k on hand, how can I earn interest from this account ?

Please advise.
Go to Citibank.

Find someone in uniform.

Say 'I Wan open maxigain account'

Fill application form.

Put in 20k when acc is ready.

Interest will come in the following month.
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Old 27-05-2018, 01:42 PM   #2666
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Go to Citibank.

Find someone in uniform.

Say 'I Wan open maxigain account'

Fill application form.

Put in 20k when acc is ready.

Interest will come in the following month.
Earn interest by a month or year ?
What is the rate % return ?
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Old 27-05-2018, 02:13 PM   #2667
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Earn interest by a month or year ?
What is the rate % return ?
Interest given monthly. Rate of return now is 0.8 * sibor rate plus monthly step up 0.1% to 1.2%
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Old 27-05-2018, 02:21 PM   #2668
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Earn interest by a month or year ?
What is the rate % return ?
u sld read the maxigain website. these info are not even hidden in the terms and conditions, they are literately at the landing page of maxigain
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Old 27-05-2018, 03:14 PM   #2669
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Totally rubbish... that's only hearsay.

Why need to call?
Why don't you ask the bloke to put in black and white?

I find the bloke is really unprofessional if he were to spread rumours to customers before official announcement.
How professional can they be.
They are just your typical salesman.
The one that serve me looks typical chao Beng kia and dress like credit card salesman.
Idk, have no clue are they giving wrong information or what
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Old 27-05-2018, 03:16 PM   #2670
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Lots of rumour mongers.
Just reporting what the salesman told me.

I don't gain anything from spewing rubbish and wasting my time typing here
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