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Citibank Maxigain Savings Account

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Old 02-09-2018, 03:11 PM   #3361
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These 2 questions should be stickied. Every month, there will be someone asking the same thing.

Is the T&C so difficult to understand?
Bro, I'm not asking. I'm to confirm is counter 7 month most optimum to withdraw so as to have the least impact on bonus interest change.

And there's one more question that you didn't see. Or you just read half and assume and straight away reply?
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Old 02-09-2018, 03:36 PM   #3362
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Bro, I'm not asking. I'm to confirm is counter 7 month most optimum to withdraw so as to have the least impact on bonus interest change.

And there's one more question that you didn't see. Or you just read half and assume and straight away reply?
Counter 0 and Counter 7 are the optimum, if your question is "least impact on bonus interest change".
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Old 02-09-2018, 05:34 PM   #3363
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Hi all,

I tried to add payee for an OCBC account. I put bank BIC code as OCBCSGSG is that correct? If I use search, the system would automatically return 'OCBCSGSGXXX'. Or I need to put in number replacing the XXX?

Then it kept saying the account number I gave is incorrect. Should I put BBB-XXXXXX-XXX, or BBBXXXXXXXXX?

Edit: Or maybe to put OCBCSGSGBBB then account number as XXXXXX-XXX?

Damn, POSB and OCBC are so much easier to do online transaction.

Last edited by PC-User; 02-09-2018 at 05:41 PM..
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Old 02-09-2018, 05:39 PM   #3364
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Hi all,

I tried to add payee for an OCBC account. I put bank BIC code as OCBCSGSG is that correct? If I use search, the system would automatically return 'OCBCSGSGXXX'. Or I need to put in number replacing the XXX?

Then it kept saying the account number I gave is incorrect. Should I put XXX-XXXXXX-XXX, or XXXXXXXXXXXX?
Doubt anything we say here will assuage your concerns about this. Tell you what, Citibank has a 24hours Phone-banking at 1800-225-5225. Please call them, the CSO will be able to serve you.
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Old 02-09-2018, 05:55 PM   #3365
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Doubt anything we say here will assuage your concerns about this. Tell you what, Citibank has a 24hours Phone-banking at 1800-225-5225. Please call them, the CSO will be able to serve you.
I thought asking here is faster than waiting on the hotline mah. So nobody has ever tried to do similar transaction before??

More technical question, cannot answer. Same old easy questions, disdain to answer. So forum is for what? Report Sibor, report interest?
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Old 02-09-2018, 06:26 PM   #3366
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@pcuser,
You are using wrong code.
Ocbcsgsgxxx is bank code for SWIFT fund transfer.
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Old 02-09-2018, 06:32 PM   #3367
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@pcuser,
You are using wrong code.
Ocbcsgsgxxx is bank code for SWIFT fund transfer.
Ocbc bank code is 7339
Input your account number without hypen
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Old 02-09-2018, 08:17 PM   #3368
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@pcuser,
You are using wrong code.
Ocbcsgsgxxx is bank code for SWIFT fund transfer.
Ocbc bank code is 7339
Input your account number without hyphen
Done! Hohoho... can get free phone liao.

Thank you both for the useful answer.

P/S: I did try the hotline. After numerous press 1 press 2 input this number that number finally reached a pinoy whose voice was so soft and difficult to catch. All I wanted was just 2 simple answers as above.
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Old 02-09-2018, 11:24 PM   #3369
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What is the interest rate for August?
I think Sibor was taken as 1.5113%.
Correct!!!!
Actually, this isn't correct. It's a good approximation if you keep the same amount in your account for the whole month, but the reality is, the base interest rate (80% of sibor) is paid on your daily balance instead, and the interest rate fluctuates daily.

The exact daily SIBOR rate that is used is documented in the T&C.
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Old 03-09-2018, 01:40 PM   #3370
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so maxigain interest (with maxed out counter) > uob one interest
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Old 03-09-2018, 01:49 PM   #3371
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so maxigain interest (with maxed out counter) > uob one interest
Both also around same at 2.43% but maxigain can put until $150k
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Old 03-09-2018, 01:55 PM   #3372
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Both also around same at 2.43% but maxigain can put until $150k
Maxigain also not so many conditions such as on spending which we need to monitor
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Old 03-09-2018, 09:25 PM   #3373
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Can i do a initial deposit 70k to open the maxigain account and withdraw out 55k on the same day (keep 15k in the account) and wait for 12 months to hit 2.4% before pumping in funds?
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Old 03-09-2018, 09:43 PM   #3374
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Can i do a initial deposit 70k to open the maxigain account and withdraw out 55k on the same day (keep 15k in the account) and wait for 12 months to hit 2.4% before pumping in funds?
why need 70k to open ?
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Old 03-09-2018, 10:01 PM   #3375
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New to this MaxiGain thing, would this be better as compared to dbs multiplier or Maybank ?

Am thinking of another supplementary account for UOB ONE + BOC

Heard BOC might not be allowing waiver of credit card so might want to change the BOC SmartSaver to something else. BOC SmartSaver currrntly between 1.5%-2.3% depends if my credit can hit $800/$1500
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