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Citibank Maxigain Savings Account

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Old 14-03-2019, 05:08 PM   #4996
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can i confirm on the day of the month to withdraw the interest so that step up counter is not affected?
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Old 14-03-2019, 05:36 PM   #4997
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can i confirm on the day of the month to withdraw the interest so that step up counter is not affected?
Any day after it is credited before the next month interest credited.
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Old 14-03-2019, 05:53 PM   #4998
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Once it credit in the month the next day this amount will reflect as the lowest balance for that month, am I correct? Then how to withdraw it? Since it be consider below the pervious month counter will roll back.

Should be a date that will be credit and need to withdraw on that day
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Old 14-03-2019, 07:14 PM   #4999
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Once it credit in the month the next day this amount will reflect as the lowest balance for that month, am I correct? Then how to withdraw it? Since it be consider below the pervious month counter will roll back.

Should be a date that will be credit and need to withdraw on that day

u can withdraw the interest anytime after it is posted so long as current month lowest balance is not lower than last month's lowest balance
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Old 23-03-2019, 10:01 PM   #5000
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Possible for me to open an account with 15K first to increase the counter?

When i have enough money, to push it to S$70K to enjoy the 1 month sibor rate?
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Old 23-03-2019, 10:07 PM   #5001
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Possible for me to open an account with 15K first to increase the counter?

When i have enough money, to push it to S$70K to enjoy the 1 month sibor rate?
It is possible to do that. 15K is the minimum to avoid fall below fee.
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Old 23-03-2019, 11:10 PM   #5002
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Sorry to enquire
Can I confirm once at counter 12, bonus interest will not reset subsequently and continue to be 1.2% until they decide to change terms?
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Old 23-03-2019, 11:14 PM   #5003
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Sorry to enquire
Can I confirm once at counter 12, bonus interest will not reset subsequently and continue to be 1.2% until they decide to change terms?
https://www.citibank.com.sg/gcb/depo...xgn-savacc.htm

1) If your lowest balance of this month is below the lowest balance of your previous month, bonus interest drops to 0.6%.

2) Else, remains at 1.2%
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Old 23-03-2019, 11:14 PM   #5004
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Sorry to enquire
Can I confirm once at counter 12, bonus interest will not reset subsequently and continue to be 1.2% until they decide to change terms?
Need to continue keeping the lowest balance higher than that is previous month, if not drop back to step 6.
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Old 24-03-2019, 12:19 AM   #5005
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https://www.citibank.com.sg/gcb/depo...xgn-savacc.htm

1) If your lowest balance of this month is below the lowest balance of your previous month, bonus interest drops to 0.6%.

2) Else, remains at 1.2%
Thanks
All illustration only shows up to month 12.
I'll presume it will be counter 12 until they change terms.
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Old 24-03-2019, 08:17 AM   #5006
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Possible for me to open an account with 15K first to increase the counter?

When i have enough money, to push it to S$70K to enjoy the 1 month sibor rate?
yep it is possible. but even if you have enough money to push it to 70k, the interest rate at the beginning might not be that substantial when the counter is low.

That also depends on the interest rate you are getting elsewhere so u have to compare and see which one is higher.
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Old 24-03-2019, 08:24 AM   #5007
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Thanks
All illustration only shows up to month 12.
I'll presume it will be counter 12 until they change terms.
It's clear that when they say increase by 0.1% per month, and up to 1.2% per month that it stops at counter 12 and not infinite.
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Old 24-03-2019, 09:31 AM   #5008
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It's clear that when they say increase by 0.1% per month, and up to 1.2% per month that it stops at counter 12 and not infinite.
There is no mention of counter maintaining at 12 subsequently so it is obviously not clear thus I came here to confirm.
Never did I mention the increment is infinite, I am asking whether the interest stays at 1.2% until they decide to change the RULES/TERMS & CONDITION(if that makes you understand)
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Old 24-03-2019, 09:49 AM   #5009
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There is no mention of counter maintaining at 12 subsequently so it is obviously not clear thus I came here to confirm.
Never did I mention the increment is infinite, I am asking whether the interest stays at 1.2% until they decide to change the RULES/TERMS & CONDITION(if that makes you understand)
Max out at 1.2% and stays at 1.2%. If not, I probably will be getting >2% since I had max out donkey months ago.
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Old 24-03-2019, 10:54 AM   #5010
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I guess dropping to 0.6% bonus interest is worth it in case of real need
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