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Citibank Maxigain Savings Account

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Old 19-02-2019, 12:21 AM   #4831
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1 mth Sibor got so high ? .. past 30 days around 1.76%
11 Feb = 1.815%
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Old 19-02-2019, 10:48 AM   #4832
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i started maxigain last year as a way to diversify when there is no minimum 70k to get the base interest (70% of sibor), so i enjoyed both the base and bonus interest till dec last year.

i just hit counter 12 last month but base bonus interest no more. now only 1.2% from now on.

for someone who wants risk-free returns, i would recommend to deploy excess of 50K (placed in dbs multiplier) into SSB first. when the time comes when you have enough for 55k topup, then transfer from SSB into maxigain.

for someone who can take up some risk, i would recommend to invest into ssb, indexes, equities and reits for capital and dividends income. you probably will get more returns than parking 70k into a savings account.
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Old 19-02-2019, 11:30 AM   #4833
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i started maxigain last year as a way to diversify when there is no minimum 70k to get the base interest (70% of sibor), so i enjoyed both the base and bonus interest till dec last year.

i just hit counter 12 last month but base bonus interest no more. now only 1.2% from now on.

for someone who wants risk-free returns, i would recommend to deploy excess of 50K (placed in dbs multiplier) into SSB first. when the time comes when you have enough for 55k topup, then transfer from SSB into maxigain.

for someone who can take up some risk, i would recommend to invest into ssb, indexes, equities and reits for capital and dividends income. you probably will get more returns than parking 70k into a savings account.
I did some calculations and concluded that parking 70k for 12 months straightaway is still preferable and less hassle.

70k*(70%*1.8%+0.6%(avg counter over 12 mths))=$1302 versus
55k*2% SSB+15k*0.6%(avg counter over 12 mths)=$1190
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Old 19-02-2019, 12:45 PM   #4834
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I did some calculations and concluded that parking 70k for 12 months straightaway is still preferable and less hassle.

70k*(70%*1.8%+0.6%(avg counter over 12 mths))=$1302 versus
55k*2% SSB+15k*0.6%(avg counter over 12 mths)=$1190
But he dun have $70k, need some time to get that.
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Old 19-02-2019, 01:25 PM   #4835
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11 Feb = 1.815%
It's time mah. Just when I was wondering this time round how long idling before the next rise. Then it happens...
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Old 19-02-2019, 02:07 PM   #4836
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The top up promotion has to be done in the branch right?

The cash from the promo will be credited into the account?
Anyone can assist me?
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Old 19-02-2019, 02:45 PM   #4837
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But he dun have $70k, need some time to get that.
haha, glad that someone read my post closely..
yes i did mentioned that this is for pple who are still slowly accumulating that 70k excess, and not for pple who already have 70k spare cash..
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Old 19-02-2019, 03:10 PM   #4838
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Any benefits to be a Citi priority customer? From the website, like not much.
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Old 19-02-2019, 03:40 PM   #4839
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Anyone can assist me?
Sign up at branch with PB or RM.
Yes, money will be credited to your account but I don't know when
I guess it's after a few months
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Old 19-02-2019, 03:46 PM   #4840
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Any benefits to be a Citi priority customer? From the website, like not much.
Sign up bonus lot... you Wan can ref u then share share
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Old 25-02-2019, 12:59 AM   #4841
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Hey bro,

Thanks for the sharing. I realised the interest for the month is credited at the end of the same month, i.e in your example, for the $30k deposit in Maxigain for Jan 2019, the $50 interest is credited on 31 Jan 2019. Does that mean we can only withdraw the $50 in January 2019?

Pls feel free to correct me if i'm wrong.. thanks!
Sorry I canít pm you, can you pm me your details please
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Old 25-02-2019, 09:02 AM   #4842
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Is the top up bonus you guys sharing the one that awards $188 for 50k?

https://www.citibank.com.sg/gcb/inve...s_newfund1.htm

Sent from Samsung SM-J730GM using GAGT
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Old 25-02-2019, 09:45 AM   #4843
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Is the top up bonus you guys sharing the one that awards $188 for 50k?

https://www.citibank.com.sg/gcb/inve...s_newfund1.htm

Sent from Samsung SM-J730GM using GAGT
$88 for 50K
$188 for 100K
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Old 25-02-2019, 12:12 PM   #4844
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11 Feb = 1.815%
18 Feb = 1.82% ... up up & away ...
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Old 25-02-2019, 02:11 PM   #4845
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18 Feb = 1.82% ... up up & away ...
25 Feb u mean?
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