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Citibank Maxigain Savings Account

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Old 07-09-2018, 04:58 PM   #3406
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Yes I think should be counter 8 or 9.

I didn't withdraw anything out. I can just transfer money to the account via Fast transfer right?
Yes can just fast transfer
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Old 09-09-2018, 10:58 AM   #3407
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I see. Thank you @buzy_bee and @artemov

If I want to withdraw some money after I reached counter 12, what will I lose?
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Old 09-09-2018, 11:50 AM   #3408
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I see. Thank you @buzy_bee and @artemov

If I want to withdraw some money after I reached counter 12, what will I lose?
if the lowest balance in the acct after u withdraw is less than previous mth's lowest balance, ur counter will drop to 6. i.e. 0.6% instead of 1.2%. so u will lose 0.6% interest in that mth. can slowly build back up to counter 12 again after that.
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Old 09-09-2018, 11:51 AM   #3409
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if the lowest balance in the acct after u withdraw is less than previous mth's lowest balance, ur counter will drop to 6. i.e. 0.6% instead of 1.2%. so u will lose 0.6% interest.
I see. Thank you. So does that mean the money inside is not to be touched at all? Just to earn interest?
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Old 09-09-2018, 11:56 AM   #3410
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I see. Thank you. So does that mean the money inside is not to be touched at all? Just to earn interest?
to maximise the interest earned currently, most pple here will let it accumulate to counter 12, then pump in up to $150k and just withdraw the interest earned every mth to maintain the counter at 12. u can still touch the money if u need it, just have to build up the counter again after that. the "penalty" is more on subsequent interest earned as it will be lesser until the counter gets back to 12 again.
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Old 09-09-2018, 12:16 PM   #3411
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to maximise the interest earned currently, most pple here will let it accumulate to counter 12, then pump in up to $150k and just withdraw the interest earned every mth to maintain the counter at 12. u can still touch the money if u need it, just have to build up the counter again after that. the "penalty" is more on subsequent interest earned as it will be lesser until the counter gets back to 12 again.

in addition you could also start to load in after you reach 6 or 7 counters, which adds up to around 1.8-1.9 , which is also around the highest paying FDs in the market currently
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Old 09-09-2018, 03:59 PM   #3412
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I see. Thank you @buzy_bee and @artemov

If I want to withdraw some money after I reached counter 12, what will I lose?
Ur counter will drop to 6. Then u need to slowly accumulate month by month again
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Old 09-09-2018, 06:07 PM   #3413
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Can my current counter be checked in internet banking?

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Old 09-09-2018, 06:30 PM   #3414
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Can my current counter be checked in internet banking?

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Download e-statement (current counter stated in it) from internet banking.

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Old 16-09-2018, 11:26 PM   #3415
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My wife and I both have individual maxigain accounts. Is there any way to open another maxigain account in the same name? Can we now open an additional joint account?
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Old 17-09-2018, 05:39 AM   #3416
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My wife and I both have individual maxigain accounts. Is there any way to open another maxigain account in the same name? Can we now open an additional joint account?
You can open a joint Maxigain account, no issues. Go to a branch with more knowledgeable staff. The McDonald building branch did it for me even though the Woodlands and Punggol branches told me it couldn’t be done.
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Old 18-09-2018, 08:09 PM   #3417
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You can open a joint Maxigain account, no issues. Go to a branch with more knowledgeable staff. The McDonald building branch did it for me even though the Woodlands and Punggol branches told me it couldn’t be done.
Thanks mate. Went to Capital Square branch earlier today and they opened a joint account with zero fuss.
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Old 19-09-2018, 07:59 AM   #3418
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Punggol branch really low ses, even the staff also buay kan. Open account can take 1.5h. Pui.

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Old 19-09-2018, 08:56 AM   #3419
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Maxi-Gain acct now requires min 70K to earn bonus interest, instead of 10K for new accounts. Cap is still 150K. They will be mailing existing clients next month of the new min requirement.
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Old 19-09-2018, 09:17 AM   #3420
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Maxi-Gain acct now requires min 70K to earn bonus interest, instead of 10K for new accounts. Cap is still 150K. They will be mailing existing clients next month of the new min requirement.
source please ?
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