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Citibank Maxigain Savings Account

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Old 02-11-2018, 08:08 AM   #3916
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Of course. Just donít withdraw more than the interest.
'
but i was told by the staff that any withdrawal will go back to the original based rate - not even interest from monthly too.
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Old 02-11-2018, 08:11 AM   #3917
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'
but i was told by the staff that any withdrawal will go back to the original based rate - not even interest from monthly too.
u should report his/her name to the bank. just another ill-competent worker giving wrong information to customers. what he/she was saying is equivalent/similar to putting money into a fixed deposit.

all of us who have been withdrawing the monthly interest have done so without any loss of counter.
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Old 02-11-2018, 11:50 AM   #3918
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today safe to withdraw the interest portions credited right?
You can safely withdraw last month's interest (that posted in your account on the 1st of this month) any day this month. Your counter will not reset if you do.
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Old 05-11-2018, 03:57 PM   #3919
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Check with you guys . If u hit the max saving at 150k what would be your monthly interest be?
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Old 05-11-2018, 04:01 PM   #3920
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u should report his/her name to the bank. just another ill-competent worker giving wrong information to customers. what he/she was saying is equivalent/similar to putting money into a fixed deposit.

all of us who have been withdrawing the monthly interest have done so without any loss of counter.
i had the same answer from the counter staff too...till i asked her a 2nd or 3rd time then she called someone to verify.
So she learned a new lesson that day about this interest withdrawal while i was standing there listening to her lesson.
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Old 05-11-2018, 04:38 PM   #3921
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Check with you guys . If u hit the max saving at 150k what would be your monthly interest be?
At counter 12, 150k x 1.2% / 12 = 150 (estimate; since actual interest calculated using days not month)

0.8% sibor is currently slightly higher than 1.2% I believe, so about $150 +-

Total $300 +- per month if maintain at 150k
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Old 05-11-2018, 07:27 PM   #3922
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saw the monthly letter mail in was always in 2 section of the interest paid.

but they didnt mention how it was calculated

And what im getting in interest seem shortchange.

is it maybe because during certain day s of the month i bank in some money?

Last edited by foxer77; 05-11-2018 at 07:34 PM..
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Old 05-11-2018, 07:37 PM   #3923
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will stop banking in money to see next month will the interest be accurate.
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Old 05-11-2018, 07:38 PM   #3924
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saw the monthly letter mail in was always in 2 section of the interest paid.

but they didnt mention how it was calculated

And what im getting in interest seem shortchange.

is it maybe because during certain day s of the month i bank in some money?
This website tells you exactly how bonus interest and base interest are calculated. Do take some time to read through it.

https://www.citibank.com.sg/gcb/depo...xgn-savacc.htm
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Old 05-11-2018, 07:45 PM   #3925
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This website tells you exactly how bonus interest and base interest are calculated. Do take some time to read through it.

https://www.citibank.com.sg/gcb/depo...xgn-savacc.htm
obviously he already knows that and calculated and feels that his calculation is wrong/he is being shortchanged, that's why he asked that question.

just because the website shows you how to calculate doesn't mean everyone knows or understand the proper way to calculate it, especially when there are uneven days in a month (30/31) and other factors.

or not everyone is as smart as you to know how to calculate it properly.
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Old 05-11-2018, 07:46 PM   #3926
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saw the monthly letter mail in was always in 2 section of the interest paid.

but they didnt mention how it was calculated

And what im getting in interest seem shortchange.

is it maybe because during certain day s of the month i bank in some money?
maybe post the exact amt of interest u got and ur balance and maybe someone helpful will be able to help you double check instead of asking you to check the T&Cs.
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Old 05-11-2018, 09:50 PM   #3927
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I've recently opened a MaxiGain account but how can I see my counter? I don't see the active interest rate anywhere. Neither online nor on the e-statement.

The whole online portal feels like it hasn't been updated since the early 2000s.
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Old 05-11-2018, 09:58 PM   #3928
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I've recently opened a MaxiGain account but how can I see my counter? I don't see the active interest rate anywhere. Neither online nor on the e-statement.

The whole online portal feels like it hasn't been updated since the early 2000s.
e statement got write ur counter in very small wording just after all the balances shown
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Old 06-11-2018, 12:31 AM   #3929
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e statement got write ur counter in very small wording just after all the balances shown
Is it the Step-up?
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Old 06-11-2018, 10:30 AM   #3930
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Is it the Step-up?
yep

The lowest daily balance of the month: SGD 0.00 @ N.A, SGD 15,001.00 @ Oct 10
You have accumulated 0 STEP-UP (Oct)
You have interest of SGD 10.97 since Jan 1 2018.
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