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Citibank Maxigain Savings Account

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Old 25-02-2019, 02:27 PM   #4846
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25 Feb u mean?
no 18 Feb

i can only get past week's sibor data, not real time ...

https://sibor.sg/history.html
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Old 27-02-2019, 09:37 PM   #4847
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At 1.82% sibor, maxigain yields 2.474% interest. My UOB home loan interest has been adjusted to 2.5%. The arbitrage no longer there. I may just abandon maxigain and use it to repay my housing loan.
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Old 27-02-2019, 10:02 PM   #4848
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Citibank online banking website has been down the whole day. Anyone experiencing the same?
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Old 27-02-2019, 10:05 PM   #4849
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Citibank online banking website has been down the whole day. Anyone experiencing the same?
managed to log in just now. try using another browser.
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Old 28-02-2019, 07:20 AM   #4850
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no 18 Feb

i can only get past week's sibor data, not real time ...

https://sibor.sg/history.html
You are right!
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Old 28-02-2019, 10:18 PM   #4851
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How do you guys withdraw your interest without incurring a drop of the counter?

My problem is interest is credited on the last day of the month, ie today but interest as of now - 10.17pm - still not credited yet. How to know how much to withdraw? Or you just do an aggaration?
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Old 28-02-2019, 10:26 PM   #4852
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How do you guys withdraw your interest without incurring a drop of the counter?

My problem is interest is credited on the last day of the month, ie today but interest as of now - 10.17pm - still not credited yet. How to know how much to withdraw? Or you just do an aggaration?
withdraw the interest tomorrow
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Old 28-02-2019, 10:31 PM   #4853
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withdraw the interest tomorrow

Won't that cause a drop in the counter?

My understanding is that each time an account reflects a lower balance at the end of the day compared to the start of the day, the counter drops to Level 0 or 6.

Or did I get it wrong?
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Old 28-02-2019, 10:37 PM   #4854
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Won't that cause a drop in the counter?

My understanding is that each time an account reflects a lower balance at the end of the day compared to the start of the day, the counter drops to Level 0 or 6.

Or did I get it wrong?
Wrong. Counter drop only if lowest end-of-day balance in the month is lower than that of the previous month.

Can withdraw interest anytime after it is credited but before the next interest is credited.
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Old 28-02-2019, 11:04 PM   #4855
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Wrong. Counter drop only if lowest end-of-day balance in the month is lower than that of the previous month.

Can withdraw interest anytime after it is credited but before the next interest is credited.
Got it. Thanks!
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Old 28-02-2019, 11:25 PM   #4856
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anyone tried this before? to pump and dump?

start
1 Jan - 80,000.00
5 Jan - 140,000.00
31 Jan - 80,000.01

1 Feb - 80,000.02
4 Feb - 140,000.00
28 Feb - 80,000.02


This way works just need to remember the dates correctly right?
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Old 01-03-2019, 12:49 AM   #4857
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anyone tried this before? to pump and dump?

start
1 Jan - 80,000.00
5 Jan - 140,000.00
31 Jan - 80,000.01

1 Feb - 80,000.02
4 Feb - 140,000.00
28 Feb - 80,000.02


This way works just need to remember the dates correctly right?
No need so complicated.

Start
1 Jan (weekday) - 80,000
5 Jan (weekday) - 140,000

28 Feb (weekday) - 80,000 (make sure you transfer out the money before 7pm, and make sure the day is not on a weekend, or public holiday, or eve of public holiday*),

So in Jan, your lowest balance of the month is 80,000.
in Feb, your lowest balance of the month is 80,000 too.

*Eve of certain major holidays bank works half day. So your transfer might not be effected if you did it very late at night/evening.

--------------------------
What you will get
Jan, (1-4 Jan) 80k : int @70% of SIBOR
(5-31 Jan) 140k : int @70% of SIBOR
(bonus int) @ 80k to be paid in March (bonus interest always delay by 1 month).

Feb, (1-27 Feb) 140k : int @70% of SIBOR
(28 Feb) 80k : int @70% of SIBOR
(bonus int) @ 80k to be paid in April (bonus interest always delay by 1 month).
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Old 01-03-2019, 01:07 AM   #4858
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What is the purpose of doing this?
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Old 01-03-2019, 06:14 AM   #4859
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Is there a way to check what is your current counter?
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Old 01-03-2019, 06:28 AM   #4860
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Is there a way to check what is your current counter?
It's in the e-statement.
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