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Citibank Maxigain Savings Account

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Old 26-09-2018, 06:16 PM   #3481
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Thank you . Will open tomo

Open early better as if cash was to be bank on the next day of the opening the first month will not earn an interest rate of 0.1%
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Old 26-09-2018, 09:33 PM   #3482
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Wow 2 free movie tickets from citi priority
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Old 26-09-2018, 09:47 PM   #3483
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Wow 2 free movie tickets from citi priority
How did you get the confirmation? I tried also but no news so far
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Old 26-09-2018, 09:50 PM   #3484
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How did you get the confirmation? I tried also but no news so far
In your letter box

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Old 27-09-2018, 08:19 AM   #3485
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Went to Tampines branch yesterday wanting to open a joint account but was informed of the upcoming new changes to the plan from November 2018. Was told that in order to earn BOTH base interest and bonus interest, there must be min $70k in the account. For amounts < $70k, the account will only earn the current bonus interest (i.e counter 1 0.1%, counter 2 0.2% etc) and there is no base interest earned. Also, the base interest for those with min $70k will only become 70% of Sibor (compared to the current 80%).

Feeling very sians cos I just open a single account 2 months back and only at counter 2 this month. I am also unable to meet a min $70k in November. For my case, the interest earned is really pathetic. Any alternatives to consider, pls. Would appreciate any advice.
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Old 27-09-2018, 08:28 AM   #3486
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Went to Tampines branch yesterday wanting to open a joint account but was informed of the upcoming new changes to the plan from November 2018. Was told that in order to earn BOTH base interest and bonus interest, there must be min $70k in the account. For amounts < $70k, the account will only earn the current bonus interest (i.e counter 1 0.1%, counter 2 0.2% etc) and there is no base interest earned. Also, the base interest for those with min $70k will only become 70% of Sibor (compared to the current 80%).

Feeling very sians cos I just open a single account 2 months back and only at counter 2 this month. I am also unable to meet a min $70k in November. For my case, the interest earned is really pathetic. Any alternatives to consider, pls. Would appreciate any advice.
so for amounts > $70k, will it also be 70% of Sibor?
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Old 27-09-2018, 08:33 AM   #3487
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Went to Tampines branch yesterday wanting to open a joint account but was informed of the upcoming new changes to the plan from November 2018. Was told that in order to earn BOTH base interest and bonus interest, there must be min $70k in the account. For amounts < $70k, the account will only earn the current bonus interest (i.e counter 1 0.1%, counter 2 0.2% etc) and there is no base interest earned. Also, the base interest for those with min $70k will only become 70% of Sibor (compared to the current 80%).

Feeling very sians cos I just open a single account 2 months back and only at counter 2 this month. I am also unable to meet a min $70k in November. For my case, the interest earned is really pathetic. Any alternatives to consider, pls. Would appreciate any advice.
Next time ask them write black and white for u and ask the bank branch manager to sign and acknowledge lah
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Old 27-09-2018, 08:44 AM   #3488
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so for amounts > $70k, will it also be 70% of Sibor?
Yes, 70% sibor applies for amounts above $70k
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Old 27-09-2018, 08:51 AM   #3489
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Went to Tampines branch yesterday wanting to open a joint account but was informed of the upcoming new changes to the plan from November 2018. Was told that in order to earn BOTH base interest and bonus interest, there must be min $70k in the account. For amounts < $70k, the account will only earn the current bonus interest (i.e counter 1 0.1%, counter 2 0.2% etc) and there is no base interest earned. Also, the base interest for those with min $70k will only become 70% of Sibor (compared to the current 80%).

Feeling very sians cos I just open a single account 2 months back and only at counter 2 this month. I am also unable to meet a min $70k in November. For my case, the interest earned is really pathetic. Any alternatives to consider, pls. Would appreciate any advice.
Here we go again? The rumor has been ongoing for months
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Old 27-09-2018, 09:09 AM   #3490
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Here we go again? The rumor has been ongoing for months
At least now it has a date - Nov2018
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Old 27-09-2018, 09:12 AM   #3491
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At least now it has a date - Nov2018
I went to Citibank to open the maxigain account 2 days ago - I heard that the date is being postponed to Janí19
Didnít heard about the 70% of SIBOR
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Old 27-09-2018, 09:24 AM   #3492
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I went to Citibank to open the maxigain account 2 days ago - I heard that the date is being postponed to Jan’19
Didn’t heard about the 70% of SIBOR
Now we have two dates! Jan 2019
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Old 27-09-2018, 09:26 AM   #3493
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O well by then i am 1 ywar with them liao
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Old 27-09-2018, 09:56 AM   #3494
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Haha if jan I can hit counter 12 Liao. Pls let it be jan (or after) 🤭
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Old 27-09-2018, 10:04 AM   #3495
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not sure if i'm missing some knowledge. I tot US just raised their rates yesterday, so interest rates should be going north? so why the drop to 0.7*SIBOR from 0.8*SIBOR? so they can keep the amount of interest more or less the same?

hopefully that part is not true...
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