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Citibank Maxigain Savings Account

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Old 01-02-2019, 03:37 PM   #4681
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i know i will not be getting base interest but i should be getting bonus interest of 0.8% at counter 8 but it is not reflected in my account this month. Last month it was credited in..
wait for the e-statement to be out in a few days then can see clearly which counter they use to calculate the interest lor
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Old 01-02-2019, 05:09 PM   #4682
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Hi all
Sorry if this has been asked before.

I currently already have a maxi gain Joint acct w balance >$15K
If just opened a personal Maxi gain acct.

Will I be charge fall below fee if I just maintain minimal sum of say $100 in this personal account ? I want to let it accumulate to max counter before dumping in more $$
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Old 01-02-2019, 05:36 PM   #4683
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Got full interest of 2.442% on $150K for Jan 19. Still a very good account.
hihi, so whats the procedure u always do once the interest comes in? Since that will make your account more than $150k once the interest gets credited.

Example 31st Jan 2019, interest of $300 gets credited. Do you transfer that $300 on 1st Feb 2019 to another account and will this affect the counter?
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Old 01-02-2019, 05:59 PM   #4684
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hihi, so whats the procedure u always do once the interest comes in? Since that will make your account more than $150k once the interest gets credited.

Example 31st Jan 2019, interest of $300 gets credited. Do you transfer that $300 on 1st Feb 2019 to another account and will this affect the counter?
Just transfer out the interest only anytime of the month also can. I do it first day of the month to optimise. Just ensure you know what is your lowest balance last month. I transfer out every month so it is always $150k.
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Old 01-02-2019, 05:59 PM   #4685
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Hi all
Sorry if this has been asked before.

I currently already have a maxi gain Joint acct w balance >$15K
If just opened a personal Maxi gain acct.

Will I be charge fall below fee if I just maintain minimal sum of say $100 in this personal account ? I want to let it accumulate to max counter before dumping in more $$
Joint need min $15k. Personal need min $15k. Joint and personal are separate account relations
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Old 01-02-2019, 06:25 PM   #4686
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where do you all park after 150k?
Can consider accounts that reward salary crediting such as DBS Multiplier, OCBC 360, UOB One

Or Singapore Savings Bonds (cap at S$200k per Pax)

Or Standard Chartered Esaver (2 months high interest then need to transfer out again)

Or CIMB Fast saver for fuss free 1%
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Old 01-02-2019, 07:48 PM   #4687
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waaaa sibor avg at 1.8335% imagine if they use 80% of sibor.... sian max
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Old 01-02-2019, 08:13 PM   #4688
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waaaa sibor avg at 1.8335% imagine if they use 80% of sibor.... sian max
That's why they quickly changed. They already predicted the trend.
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Old 01-02-2019, 08:33 PM   #4689
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waaaa sibor avg at 1.8335% imagine if they use 80% of sibor.... sian max
1 mth Sibor got so high ? .. past 30 days around 1.76%
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Old 01-02-2019, 09:11 PM   #4690
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My Jan 2019 Interest earned is shown as 73.91 and bonus interest 15.98 when my balance is sgd 70k. Is there something wrong here? The interest does not seem to tally with 1.2% + 0.7*1month SIBOR. I should have 12 counters, the only difference is i only topped up from 15k to 70k in December 2018.
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Old 01-02-2019, 09:24 PM   #4691
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My Jan 2019 Interest earned is shown as 73.91 and bonus interest 15.98 when my balance is sgd 70k. Is there something wrong here? The interest does not seem to tally with 1.2% + 0.7*1month SIBOR. I should have 12 counters, the only difference is i only topped up from 15k to 70k in December 2018.
Looks like your topup was only effective in Jan. Hence the lowest amount in Jan was $15k and the bonus interest in based on the lowest balance of the month.
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Old 01-02-2019, 09:25 PM   #4692
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Looks like your topup was only effective in Jan. Hence the lowest amount in Jan was $15k and the bonus interest in based on the lowest balance of the month.
Thanks for your reply. Is that right though, on my statement the last top up that makes up 70k is on 22nd Dec 2018.. is this the experience of everyone else for Jan 2019?
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Old 01-02-2019, 09:29 PM   #4693
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Thanks for your reply. Is that right though, on my statement the last top up that makes up 70k is on 22nd Dec 2018.. is this the experience of everyone else for Jan 2019?
I just realise that your Jan bonus interest is meant for Dec balance.

Hence the lowest amount in Dec for you is $15k. You should get the full bonus interest next month.
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Old 01-02-2019, 09:30 PM   #4694
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My Jan 2019 Interest earned is shown as 73.91 and bonus interest 15.98 when my balance is sgd 70k. Is there something wrong here? The interest does not seem to tally with 1.2% + 0.7*1month SIBOR. I should have 12 counters, the only difference is i only topped up from 15k to 70k in December 2018.
I also thought smth was wrong with my calculation till I read the faq.

Bonus interest is computed based on the preceding month's lowest balance and number of calendar days in the preceding month.

So ur $15.98 is 1.2% of yr lowest previous month balance.
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Old 01-02-2019, 09:54 PM   #4695
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For those who want to top up, you need to do it today!

The look at the day-end balance.
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