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Citibank Maxigain Savings Account

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Old 10-07-2018, 01:27 PM   #3076
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haha so the 70k minimum doesnt come true.
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Old 10-07-2018, 05:49 PM   #3077
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1M Sibor hit 1.448% on 3 July !
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Old 10-07-2018, 06:12 PM   #3078
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1M Sibor hit 1.448% on 3 July !
Yeah, I think is a spike. But eventually will still gradually go up in middle term.
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Old 10-07-2018, 06:54 PM   #3079
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just received this sms...

<ADV> Exclusively for you. Get up to S$250 cash when you bring in new funds. Show this SMS to your Personal Banker to enroll. T&C apply. SMS UNSUB to 72484
anyone received this & know what is the deal?
i have not checked in with my PB yet to avoid a prolonged sales pitch.
the SMS I got lagi better

<ADV> Exclusively for you. Get up to S$10,000 cash when you bring in new funds. Contact your RM for more info and enrolment. T&C apply. SMS UNSUB to 72484
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Old 10-07-2018, 08:45 PM   #3080
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the SMS I got lagi better

<ADV> Exclusively for you. Get up to S$10,000 cash when you bring in new funds. Contact your RM for more info and enrolment. T&C apply. SMS UNSUB to 72484
Wow that's a lot, so any idea what is the deal?

Sent from Motorola NEXUS 6 using GAGT
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Old 10-07-2018, 09:03 PM   #3081
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Wow that's a lot, so any idea what is the deal?

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$10,000 is for different tier, like Citigold or Citigold Private Client.

To get into the higher tier rewards, u need to topup more $, invest, buy insurance.

That's why can only enrol through your RM for them to pitch their sales lor...
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Old 11-07-2018, 02:06 PM   #3082
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Yeah, I think is a spike. But eventually will still gradually go up in middle term.
Wow! So happy that I was wrong! Went up further...!
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Old 11-07-2018, 02:19 PM   #3083
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good that it true more intrest for us!!!! bull market!!!
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Old 11-07-2018, 02:26 PM   #3084
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Hi so now is 80% of 1.50208 for the sibor?
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Old 11-07-2018, 04:06 PM   #3085
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Hi so now is 80% of 1.50208 for the sibor?
Is the MaxiGain T&C really that difficult to understand?

Citi MaxiGain Account Terms & Conditions

1.A base interest rate(“Base Interest Rate”) equivalent to 80% of the 1-monthSingapore Dollar Singapore Interbank Offer Rate (“1-month SIBOR”) will be paid on the first S$150,000 in the daily balance of your MaxiGain account. For example, if 1 month SIBOR is 1%p.a., the Base Interest Rate shall be 0.8%p.a.

2.The Base Interest Rate will fluctuate daily in accordance to the movement of 1 month SIBOR. For any day that is a weekend or a public holiday,the Base Interest Rate of the immediately preceding Business Day shall apply. “Business Day” refers to any day on which banks are open for business in Singapore other than Saturday, Sunday and gazetted public holidays in Singapore.

3.“1 month SIBOR rate” refers to the previous Business Day’s 1 month SIBOR rate displayed on Page BTMM on the monitor of the Bloomberg agency under the caption “TREASURY AND MONEY MARKETS: SINGAPORE” and under the column headed “SGD”. In the event that the 1 month SIBOR rate is not available on Bloomberg as described on the said date, then the Bank may obtain the same from a different source, or substitute the same with such other rates as the Bank may in its absolute discretion deem fit.
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Old 11-07-2018, 04:47 PM   #3086
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good that it true more intrest for us!!!! bull market!!!
if you had property loan, you won't be cheering so much
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Old 11-07-2018, 05:57 PM   #3087
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if you had property loan, you won't be cheering so much
depending u whom u loan from? Govt Fixed , bank then too bad.
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Old 13-07-2018, 07:13 AM   #3088
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Wow! So happy that I was wrong! Went up further...!
Up to 1.50734
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Old 14-07-2018, 05:25 PM   #3089
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Hi all

I am new to this.

So for a new joiner with only let’s say $100K and do not want to bother close monitoring, the easist way is to put the $100K and let it continue ride up the steps?
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Old 14-07-2018, 05:33 PM   #3090
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Hi all

I am new to this.

So for a new joiner with only let’s say $100K and do not want to bother close monitoring, the easist way is to put the $100K and let it continue ride up the steps?
yes.

alternatively, start with just 15k, then let counter accumulate to a certain point, then top up to 100k - this is provided your 85k can earn better than 1.2% (ie 80% sibor) elsewhere.
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