HWZ Forums

Login Register FAQ Mark Forums Read

Citibank Maxigain Savings Account

Like Tree649Likes
Reply
 
LinkBack Thread Tools
Old 15-10-2018, 01:16 PM   #3796
Senior Member
 
JustDoLor's Avatar
 
Join Date: Dec 2016
Posts: 1,221
So Simple or not.....
For act < $150k:

Put in on the 1st, the new fund earn base rate the next month, no bonus rate.

Put end of the mth, the new fund earn base rate + bonus rate at the following mth after next.

If your other fund is sitting somewhere earning < base rate,
put in $$ asap.

If you other fund is sitting somewhere earning > base rate, but < (base rate + bonus rate),
put in near end of mth.

Last edited by JustDoLor; 15-10-2018 at 01:23 PM..
JustDoLor is offline   Reply With Quote
Old 15-10-2018, 01:58 PM   #3797
Master Member
 
Join Date: May 2018
Posts: 4,142
So many pages. First post not updated. Any summary or highlights of this account?

Have not read yet. But can i open acc with $1, then at the end of 12th month then transfer in the rest? Is there a cap for base and bonus interest?

Ok just saw need to have min 10k. So any cap?

Last edited by assiak71; 15-10-2018 at 02:01 PM..
assiak71 is offline   Reply With Quote
Old 15-10-2018, 02:11 PM   #3798
Senior Member
 
Join Date: Dec 2013
Posts: 1,386
So many pages. First post not updated. Any summary or highlights of this account?

Have not read yet. But can i open acc with $1, then at the end of 12th month then transfer in the rest? Is there a cap for base and bonus interest?

Ok just saw need to have min 10k. So any cap?
Wa.. super ah u 👍
mdax23 is offline   Reply With Quote
Old 16-10-2018, 04:53 AM   #3799
Senior Member
 
Join Date: Apr 2018
Posts: 1,364
So many pages. First post not updated. Any summary or highlights of this account?

Have not read yet. But can i open acc with $1, then at the end of 12th month then transfer in the rest? Is there a cap for base and bonus interest?

Ok just saw need to have min 10k. So any cap?
min 15k for citi acct..
demoforce1 is online now   Reply With Quote
Old 16-10-2018, 08:07 AM   #3800
Arch-Supremacy Member
 
Join Date: Apr 2015
Posts: 18,667
So many pages. First post not updated. Any summary or highlights of this account?

Have not read yet. But can i open acc with $1, then at the end of 12th month then transfer in the rest? Is there a cap for base and bonus interest?

Ok just saw need to have min 10k. So any cap?
suggest to read the official citibank website
Trazora is offline   Reply With Quote
Old 16-10-2018, 09:22 AM   #3801
Master Member
 
TehBeng's Avatar
 
Join Date: Feb 2011
Posts: 3,889
Many new birds here are just taking the recommendation on the surface without really knowing what they are doing.

If many here say fund on account opening day, they will do it, if here also say withdraw interest on the last day or add fund on the first day of each month, they will just follow, but why last day why first day, I think nobody know
I think the interest for the 1st day deposit / last day withdraw is negligible. But then again, that's being me, just looking for an account to park funds which I can have access at any time.
__________________
不放手直到梦想到手
TehBeng is offline   Reply With Quote
Old 16-10-2018, 10:58 PM   #3802
Master Member
 
Join Date: Nov 2010
Posts: 4,847
Come to think of it, the effective interest rate after 1 year, will it be better than just directly pump into a FD at 1.84%?
Panerex is online now   Reply With Quote
Old 18-10-2018, 08:39 AM   #3803
Junior Member
 
Join Date: Jun 2017
Posts: 78
Depends on your situation. If you are already on counter 12, the interest you'll be getting is 2.4+ which means its definitely better then FD at 1.84. Somemore theres is no lock in period for this as compared to FD

Come to think of it, the effective interest rate after 1 year, will it be better than just directly pump into a FD at 1.84%?
Tay Wen Hao is offline   Reply With Quote
Old 18-10-2018, 08:41 AM   #3804
Junior Member
 
Join Date: Jun 2017
Posts: 78
It seems that theres no mail or updates about the min 70k rumour alr? Its alr half way thru the month so most likely it wont be changed for Nov since they need to inform us in advance?
Tay Wen Hao is offline   Reply With Quote
Old 18-10-2018, 08:44 AM   #3805
Supremacy Member
 
Join Date: May 2017
Posts: 7,166
It seems that theres no mail or updates about the min 70k rumour alr? Its alr half way thru the month so most likely it wont be changed for Nov since they need to inform us in advance?
This is a rumour. Started by some people at the branches, and effectively propagated by some forummers.
JuniorLion is offline   Reply With Quote
Old 18-10-2018, 01:52 PM   #3806
Junior Member
 
Join Date: Jun 2017
Posts: 78
Hahas I hope it will never come true. Just let this "rumor" keep pushing back infinitely. Enjoying my 2.4% every month...

This is a rumour. Started by some people at the branches, and effectively propagated by some forummers.
Tay Wen Hao is offline   Reply With Quote
Old 18-10-2018, 02:08 PM   #3807
Junior Member
 
Join Date: Jun 2017
Posts: 78


Some extra perks from Citibank. Just make sure you "topup" your bank account first before spending to maintain the minimum balance.
Tay Wen Hao is offline   Reply With Quote
Old 19-10-2018, 10:22 PM   #3808
Master Member
 
Join Date: Nov 2010
Posts: 4,847
for new accounts and top-ups, open & fund towards month end better than 1st day
Thanks for advice
Panerex is online now   Reply With Quote
Old 19-10-2018, 11:33 PM   #3809
Supremacy Member
 
Join Date: Dec 2004
Posts: 8,454
if I deposit my $ on 18 Oct, when will I get my first interest? Is it 17 Nov? Or they only compute at month end?
htngwilliam is offline   Reply With Quote
Old 20-10-2018, 12:05 AM   #3810
Junior Member
 
Join Date: Jun 2017
Posts: 78
Month end 30th oct

if I deposit my $ on 18 Oct, when will I get my first interest? Is it 17 Nov? Or they only compute at month end?
Tay Wen Hao is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On