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Citibank Maxigain Savings Account

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Old 30-10-2018, 08:21 PM   #3886
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Thank you !!


Interest credit on 31Oct

It will be available in your account on the 1st, but will be dated on the last day of the previous month.
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Old 31-10-2018, 01:32 AM   #3887
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Last weekend I also went to Citibank branch at Waterway Point wanting to open MaxiGain account. The staff standing at the entrance told me that Citibank will impose $70K min balance in order to get bonus interest in Jan 2019. I left without opening the account on hearing this.

Later, I submitted an enquiry from their website asking for confirmation about this soon-to-be restriction.

Citibank gave a rather long reply mostly apologizing for the incident saying that this was not an acceptable level of customer service.

For the $70K restriction, they only made one paragraph statement quoted below.

"The Policy for the 70,000 SGD have not been introduced yet, we will be
sending communication if this is going to be applied to the accounts."

Not sure if anyone also made enquiries and gotten similar replies. What to make of this? They are neither denying this policy nor are they saying when or if it will be imposed.

For people wanting to open new accounts, this is not very reassuring.
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Old 31-10-2018, 06:21 AM   #3888
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Not sure if anyone also made enquiries and gotten similar replies. What to make of this? They are neither denying this policy nor are they saying when or if it will be imposed.
This is rather expected of them. Why would they deny it? If they do, and it happens 6 months down the road, you'll hold them responsible.
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Old 31-10-2018, 07:19 AM   #3889
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Interest credit on 31Oct
still not in yet. anyone knows the time it will be reflected today?
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Old 31-10-2018, 07:26 AM   #3890
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still not in yet. anyone knows the time it will be reflected today?
Steady, no need so gan cheong. At least end of the day lah. If not how to determine today's daily balance?
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Old 31-10-2018, 08:20 AM   #3891
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still not in yet. anyone knows the time it will be reflected today?
Will be reflected today meh?
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Old 31-10-2018, 08:35 AM   #3892
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still not in yet. anyone knows the time it will be reflected today?
It won't. It'll post in your account on the 1st (tomorrow), although it will be dated today (31st).
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Old 31-10-2018, 10:22 AM   #3893
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I'm going to open one anyway since even 0.8% SIBOR is more than 1%
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Old 31-10-2018, 11:52 AM   #3894
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I'm going to open one anyway since even 0.8% SIBOR is more than 1%
Just open and hope no change in tnc. This rumor has been ongoing for some time already
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Old 31-10-2018, 11:58 AM   #3895
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I'm going to open one anyway since even 0.8% SIBOR is more than 1%
should have just opened the last time you went
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Old 31-10-2018, 12:15 PM   #3896
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Last weekend I also went to Citibank branch at Waterway Point wanting to open MaxiGain account. The staff standing at the entrance told me that Citibank will impose $70K min balance in order to get bonus interest in Jan 2019. I left without opening the account on hearing this.

Later, I submitted an enquiry from their website asking for confirmation about this soon-to-be restriction.

Citibank gave a rather long reply mostly apologizing for the incident saying that this was not an acceptable level of customer service.

For the $70K restriction, they only made one paragraph statement quoted below.

"The Policy for the 70,000 SGD have not been introduced yet, we will be
sending communication if this is going to be applied to the accounts."

Not sure if anyone also made enquiries and gotten similar replies. What to make of this? They are neither denying this policy nor are they saying when or if it will be imposed.

For people wanting to open new accounts, this is not very reassuring.
is the $70,000 total relationship balance or for the maxigain account? If it is the latter , I gg already.
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Old 31-10-2018, 02:20 PM   #3897
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Yah. That’s why I come here to learn lo. Haha.
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Old 31-10-2018, 07:39 PM   #3898
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It won't. It'll post in your account on the 1st (tomorrow), although it will be dated today (31st).
So i can withdraw the interest today and wont affect my counter right?
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Old 31-10-2018, 08:28 PM   #3899
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Last weekend I also went to Citibank branch at Waterway Point wanting to open MaxiGain account. The staff standing at the entrance told me that Citibank will impose $70K min balance in order to get bonus interest in Jan 2019. I left without opening the account on hearing this.

Later, I submitted an enquiry from their website asking for confirmation about this soon-to-be restriction.

Citibank gave a rather long reply mostly apologizing for the incident saying that this was not an acceptable level of customer service.

For the $70K restriction, they only made one paragraph statement quoted below.

"The Policy for the 70,000 SGD have not been introduced yet, we will be
sending communication if this is going to be applied to the accounts."

Not sure if anyone also made enquiries and gotten similar replies. What to make of this? They are neither denying this policy nor are they saying when or if it will be imposed.

For people wanting to open new accounts, this is not very reassuring.
lol i went to the same branch 2 months ago and the staff at the counter told me the same thing that there's going to be change in Nov.

Last edited by Boy who Procrastinates; 31-10-2018 at 09:46 PM..
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Old 31-10-2018, 08:39 PM   #3900
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lol i went to the same branch 2 months ago and the staff at the counter told me the same thing that there's going to be change in Nov. Not sure why they keep spreading this kind of rumour
the banker which helped open my account told me that if you think from their point of view, they would rather take the chance to warn you about the rumor even if it may not be true, then have you come back and complain to them when such a thing does really kick into place.

just imagine if they open the maxigain acc for you in October without warning you. then just nice indeed, citibank decide to change this T&C according to these so-called rumors in Nov, less than a month after you opened the account. how would you feel ? would you also complain about them like now ? either way, they lose, so they rather take the better losing option, which is to warn you, and also save their time on ppl who chose to believe the rumor
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