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Citibank Maxigain Savings Account

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Old 01-02-2019, 11:38 AM   #4651
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I withdrew my interest on 1 jan and it seem my counter has dropped! Wonder if my RM can do anything about it

Maybe you mistook the 2 types of interest ?

Base interest is lowered due to the adjustment from 80% to 70% of SIBOR.
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Old 01-02-2019, 11:54 AM   #4652
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I didn't get the bouns as my balance is just $15K.

My I know what is SIBRO used for Jan bonus rate?
Sibor is used for BASE RATE calculation.

Bonus is based on your month's counter x 0.1%.

E.g. If your counter is 5 so your bonus rate will be 0.5%
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Old 01-02-2019, 12:31 PM   #4653
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I withdrew my interest on 1 jan and it seem my counter has dropped! Wonder if my RM can do anything about it
Every month, i have been withdrawing the interest. It did not happen to me. Did you withdrew more than the interest and bonus interest?
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Old 01-02-2019, 12:39 PM   #4654
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Maybe you mistook the 2 types of interest ?

Base interest is lowered due to the adjustment from 80% to 70% of SIBOR.
Or rather no base interest if balance is less than $70k
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Old 01-02-2019, 12:47 PM   #4655
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Is my math wrong?

I have 70k in Maxigain since Dec 31 but I only got about $90 interest which is 1.5%? despite putting my maxigain for a year already.
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Old 01-02-2019, 01:12 PM   #4656
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is it just me or my interest earn is $0.77? anyone notice?
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Old 01-02-2019, 01:18 PM   #4657
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Is my math wrong?

I have 70k in Maxigain since Dec 31 but I only got about $90 interest which is 1.5%? despite putting my maxigain for a year already.
Your $70k is principal for month of Jan, interest is delayed by 1 month as per tnc.
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Old 01-02-2019, 01:19 PM   #4658
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Your $70k is principal for month of Jan, interest is delayed by 1 month as per tnc.
Oh, the bonus interest skipped 1 month? Thanks for the information.

Found this in tnc
https://www.citibank.com.sg/gcb/land...axiGainTnC.pdf
8. The Bonus Interest Rate is computed at the end of each month based on the preceding month's lowest balance, and
number of days in the preceding month, and paid on the last day of the month.
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Old 01-02-2019, 01:22 PM   #4659
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Oh, the bonus interest skipped 1 month? Thanks for the information.
Bonus interest is calculated based on counter, current month duration and last month's lowest. If your last month's lowest is 15k, your bonus interest for January 2019 should be 15k x 1.2% x 31 / 365, approximately $15.29.
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Old 01-02-2019, 01:23 PM   #4660
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Oh, the bonus interest skipped 1 month? Thanks for the information.
Not exactly skip as in "missing".
Your $90 is computed based on your December balance prior to u topping it up to $70k on 31dec
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Old 01-02-2019, 01:24 PM   #4661
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is it just me or my interest earn is $0.77? anyone notice?
Just you? mine seems normal
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Old 01-02-2019, 01:29 PM   #4662
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Got full interest of 2.442% on $150K for Jan 19. Still a very good account.
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Old 01-02-2019, 01:31 PM   #4663
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is it just me or my interest earn is $0.77? anyone notice?
same for me! My bonus interest is still not in.. i only see "interest earned 0.58" for today. Any idea why?
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Old 01-02-2019, 01:32 PM   #4664
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Just you? mine seems normal
my bonus interest is correct at $20.06. just the normal interest.
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Old 01-02-2019, 01:45 PM   #4665
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same here..

my interest drop so much??????????
from $10+ to $0.58?

is it just me or my interest earn is $0.77? anyone notice?
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