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Citibank Maxigain Savings Account

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Old 02-09-2018, 11:05 AM   #3361
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What will happen to the interest rate after one year? will it start all over again?
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Old 02-09-2018, 02:51 PM   #3362
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What will happen to the interest rate after one year? will it start all over again?
You will enjoy 2.4% based on current sibor rate
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Old 02-09-2018, 02:52 PM   #3363
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Hi all,

Since we're at it (again), I'd like to confirm one thing: my August counter is 6, suppose I withdraw all the accumulated interest now (September), end of this month my counter will drop (actually is remain) at 6, right?

So is it correct to say withdrawing money in the month of counter 7 has the least impact on coming months bonus interest changes?

Also at the same time, is transferring money out considered a banking activity that will reset the 'inactive account' timer?

Thanks!!
What will happen to the interest rate after one year? will it start all over again?

These 2 questions should be stickied. Every month, there will be someone asking the same thing.

Is the T&C so difficult to understand?
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Old 02-09-2018, 03:11 PM   #3364
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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   #3365
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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   #3366
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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   #3367
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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   #3368
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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   #3369
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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   #3370
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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   #3371
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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   #3372
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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   #3373
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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   #3374
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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   #3375
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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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