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Citibank Maxigain Savings Account

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Old 07-12-2018, 04:54 PM   #4201
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even though remain at 0 and no deficit, if it remains at 0 for more than a few more months, the bank can terminate the account anytime
Will they charge fall below fee or blacklist you from opening new accounts with them?
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Old 07-12-2018, 05:35 PM   #4202
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i tot next year they change rule liao...... still worth meh?
cimb 1%, citi 1.2%
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Old 07-12-2018, 06:08 PM   #4203
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Can refer to post #4178. Few year back I did the same.

if i withdraw full amount on the day the interest is credited & just leave the account as it is. what will become of the account? will it go into deficit due to fall below fee continue to be charged?
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Old 07-12-2018, 06:22 PM   #4204
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cimb min 10K?
citi min 70k?

cimb 1%, citi 1.2%
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Old 07-12-2018, 07:32 PM   #4205
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Can refer to post #4178. Few year back I did the same.
Would this also apply for accounts under 6 mths old?
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Old 07-12-2018, 11:55 PM   #4206
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Citi min is only 15k... can get bonus counter alr which is 1.2% if you alr at counter 12...

If you got 70k in citi it'll be earning alot more than 1.2%... about 2+%

cimb min 10K?
citi min 70k?
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Old 08-12-2018, 01:22 AM   #4207
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ok i am abit confuse... so the new rule in 2019,

min 15k, still can earn interest of the counter 0-12 ?

Citi min is only 15k... can get bonus counter alr which is 1.2% if you alr at counter 12...

If you got 70k in citi it'll be earning alot more than 1.2%... about 2+%
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Old 08-12-2018, 02:13 AM   #4208
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taking at sibor can hit 1.7%, 70% of 1.7% is about 1.2% so citi wins, for this is how i see it
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Old 08-12-2018, 02:45 AM   #4209
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taking at sibor can hit 1.7%, 70% of 1.7% is about 1.2% so citi wins, for this is how i see it
Provided have $70k
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Old 08-12-2018, 03:45 AM   #4210
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Provided have $70k
Oh ya... so we should look at bonus rate... which is also 1.2% since he is counter 12

4) What interest will I earn if I have less than S$70,000 in Maxigain from 2 January 2019 onwards?
Bonus Interest Rate shall apply provided requirements are met. See Question 8.
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Old 08-12-2018, 08:16 AM   #4211
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Just to be sure in 2019, if I just maintain $15K, I will not receive any bonus interest?

But my counter can keep increasing month on month?
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Old 08-12-2018, 08:34 AM   #4212
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Just to be sure in 2019, if I just maintain $15K, I will not receive any bonus interest?

But my counter can keep increasing month on month?
can u read?

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Old 08-12-2018, 08:36 AM   #4213
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Just to be sure in 2019, if I just maintain $15K, I will not receive any bonus interest?

But my counter can keep increasing month on month?
Still receive bonus interest based on counter for $0.01 to $150k.
Min $15k to avoid fall below fee.
Min $70 to earn base interest
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Old 08-12-2018, 10:14 AM   #4214
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Iím currently at counter 5.

I have been growing at 15k.

By next month I will be st counter 6. If I fall below or lower than 15k, my counter will still fix at counter 6?

If I pump to 70k, what is the interest rate Iím looking at?

Hope to hear some advice. Thanks.
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Old 08-12-2018, 10:38 AM   #4215
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I’m currently at counter 5.

I have been growing at 15k.

By next month I will be st counter 6. If I fall below or lower than 15k, my counter will still fix at counter 6?

If I pump to 70k, what is the interest rate I’m looking at?

Hope to hear some advice. Thanks.
Yes if you have reached Counter 6, there is a safety net at Counter 6 which you can withdraw from your account without resetting the counter.

Currently, the SIBOR is at 1.64125% so the base interest rate can be approximately 1.15% from 2 Jan. You can sum this and the bonus interest rate based on the counter that you are at to derive the total interest rate.

Wrote a piece on the revision to help provide clarity
https://theboywhoprocrastinates.blog...-for-citi.html
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