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Citibank Maxigain Savings Account

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Old 07-10-2018, 12:41 PM   #3691
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Actually there's no incentive for citigold on maxigain. So it doesn't make sense to deposit $250k into maxigain since the cap is $150k.

The "real" incentive is the cash reward for interest plus ac where you deposit fresh funds $250k (maintained for 3 months - can actually make it 1 mth) to get $800.
I just opened a joint maxigain ac on fri at the woodlands mrt branch with $0 deposit. Hear the whole story abt the 70k rumor all over again and how I should top up 70k now instead of just 15k. In the end, the lady still enrolled us into the citi priority even though I explicitly said that I’m only going to FAST 15k into the ac.

So my question is if I’m going to open a interest plus ac now, will I still be able to get the cash reward? Say 70k for $250 or 250k for $800? Like you say maintain the ac for the min. Period and after the cash reward is in then transfer from interest plus to maxigain? How to make it one month instead of 3 months?
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Old 07-10-2018, 12:50 PM   #3692
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quoted from Sinkie

Citi maxigain - $150,000 cap
Uob one - $75,000 cap
Dbs multiplier - $50,000 cap
Cimb fastsaver 1% - $50,000 cap

Maybank Saveup -$60,000 cap

omg this summary is so good
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Old 07-10-2018, 01:25 PM   #3693
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quoted from Sinkie

Citi maxigain - $150,000 cap
Uob one - $75,000 cap
Dbs multiplier - $50,000 cap
Cimb fastsaver 1% - $50,000 cap

Maybank Saveup -$60,000 cap
No one recommended OCBC 360 despite the recent higher interest rate?
An ocbc branch guy called me last week. I told him that OCBC rates are the lowest.
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Old 07-10-2018, 01:31 PM   #3694
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omg this summary is so good
Citi maxigain - $150,000 cap
-> open a new joint account

Uob one - $75,000 cap tier 2.43%
-> 3 giro + $500 min spending

Dbs multiplier - $50,000 cap @2%
-> salary credit + $1 credit card spending + dbs mortgage

Cimb fastsaver 1% - $50,000 cap
-> $1000 min to earn
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Old 07-10-2018, 02:28 PM   #3695
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This morning, I was told next month,
70% of SIBOR (80% -> 70%)
Min. $10000 -> To increase monthly counter
Min. $15000 -> To avoid $15 monthly account fee
Min. $70000 -> To earn interest (70% of SIBOR% + counter up to 1.2%)
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Old 07-10-2018, 02:29 PM   #3696
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No one recommended OCBC 360 despite the recent higher interest rate?
An ocbc branch guy called me last week. I told him that OCBC rates are the lowest.
someone earlier said he closed his OCBC 360 account. too sucky
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Old 07-10-2018, 02:33 PM   #3697
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This morning, I was told next month,
70% of SIBOR (80% -> 70%)
Min. $10000 -> To increase monthly counter
Min. $15000 -> To avoid $15 monthly account fee
Min. $70000 -> To earn interest (70% of SIBOR% + counter up to 1.2%)
Bro beware, yesterday I posted same thing and kena said spread rumor and some said never confirm one why posted here, damn sian kena for nothing just to share some information and even I wrote don't know how true

Last edited by awful999; 07-10-2018 at 02:41 PM..
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Old 07-10-2018, 02:59 PM   #3698
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This morning, I was told next month,
70% of SIBOR (80% -> 70%)
Min. $10000 -> To increase monthly counter
Min. $15000 -> To avoid $15 monthly account fee
Min. $70000 -> To earn interest (70% of SIBOR% + counter up to 1.2%)
Jia lat leh these changes are not favourable to us at all.
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Old 07-10-2018, 03:02 PM   #3699
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Jia lat leh these changes are not favourable to us at all.
I planning to open de lor..... Tsk.

Sent from Self Love Is The Greatest Medication using GAGT
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Old 07-10-2018, 03:03 PM   #3700
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Bro beware, yesterday I posted same thing and kena said spread rumor and some said never confirm one why posted here, damn sian kena for nothing just to share some information and even I wrote don't know how true
I was provided the same info....

Jia lat leh these changes are not favourable to us at all.
What's more jia lat... website and branch officer information don't tally
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Old 07-10-2018, 03:15 PM   #3701
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Yeah seems like Citibank trying to cut down from the rising sibor

Jia lat leh these changes are not favourable to us at all.
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Old 07-10-2018, 03:18 PM   #3702
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I think the branch stuff is trying to "take precautions".

Correct me if I'm wrong, I believe theres a early account closure fee $50 (closed in less than 6 mths). Thus they need to inform customer first beforehand so if TnC change you cannot go back and cancel the account. This means that your 15k is trapped inside for 6 months with lesser interest



I was provided the same info....



What's more jia lat... website and branch officer information don't tally
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Old 07-10-2018, 04:04 PM   #3703
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I think the branch stuff is trying to "take precautions".

Correct me if I'm wrong, I believe theres a early account closure fee $50 (closed in less than 6 mths). Thus they need to inform customer first beforehand so if TnC change you cannot go back and cancel the account. This means that your 15k is trapped inside for 6 months with lesser interest
can withdraw all balance no need keep 15k. fall below fee not incurred if no money in account
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Old 07-10-2018, 04:11 PM   #3704
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Hmm true but I thought they will force close if no balance for a period of time? (Not sure about Citi but DBS will auto close) Will they blacklist and make it harder to open an acct with them next time?

can withdraw all balance no need keep 15k. fall below fee not incurred if no money in account
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Old 07-10-2018, 04:14 PM   #3705
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Guys, if the rumors of November changes are true, until when the official notice will be issued? OCBC also gave 1 full month notice for the November changes on the 360 account.
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