[AhPohPoh]

Ya just take out interest every month. But don’t use it as a transactional account.

So if you put 70k inside, make sure this money you don’t really need to use on a day to day.

The moment any point of time this month if your balance is even 1 cents less than last month lowest balance, the counter resets.

testingabc wrote:

citibank maxigain looks good but if take out money is hard is it? for example i have 71k, take out few hundred the count next month will reset ?

[havetheveryfun]

AhPohPoh wrote:

Ya just take out interest every month. But don’t use it as a transactional account.

So if you put 70k inside, make sure this money you don’t really need to use on a day to day.

The moment any point of time this month if your balance is even 1 cents less than last month lowest balance, the counter resets.

not necessarily reset...

if you above counter 6, it will only drop to counter 6 and not below, unless you have $0 balance (other special conditions)

so still got some safety net..

[AhPohPoh]

Yup sorry i didn’t make myself clearer. Was thinking more in the perspective of prospective new ‘users’ who might not understand how this counter thing works.

Any lower balance this month as compared to the previous month during the 0/1/2/3/4/5 counter will make the counter drop back to 0.

From month 6 onwards, the counter will drop back to 6, so any lower balance as compared to the previous month, when you have 11 counters will make it drop to 6 counters. That becomes the new net. So it’ll be 0.6% + 70% Sibor.

With that said... I just realized that they have not credited interest for the month of april? Or is it just me.

havetheveryfun wrote:

not necessarily reset...

if you above counter 6, it will only drop to counter 6 and not below, unless you have $0 balance (other special conditions)

so still got some safety net..

[NTTDoCoMo]

AhPohPoh wrote:

Yup sorry i didn’t make myself clearer. Was thinking more in the perspective of prospective new ‘users’ who might not understand how this counter thing works.

Any lower balance this month as compared to the previous month during the 0/1/2/3/4/5 counter will make the counter drop back to 0.

From month 6 onwards, the counter will drop back to 6, so any lower balance as compared to the previous month, when you have 11 counters will make it drop to 6 counters. That becomes the new net. So it’ll be 0.6% + 70% Sibor.

With that said... I just realized that they have not credited interest for the month of april? Or is it just me.

Interest not yet in... when be in probably by morning.

[havetheveryfun]

AhPohPoh wrote:

Yup sorry i didn’t make myself clearer. Was thinking more in the perspective of prospective new ‘users’ who might not understand how this counter thing works.

Any lower balance this month as compared to the previous month during the 0/1/2/3/4/5 counter will make the counter drop back to 0.

From month 6 onwards, the counter will drop back to 6, so any lower balance as compared to the previous month, when you have 11 counters will make it drop to 6 counters. That becomes the new net. So it’ll be 0.6% + 70% Sibor.

With that said... I just realized that they have not credited interest for the month of april? Or is it just me.

they only credit earlier if the last day of the month falls on a sat or sun.

if last day of month is a weekday, it will be in by the 1st day of the next month early morning.

[assiak71]

When is interest in? 1st day of month?

[blue_denim24]

Interest is credited already.

assiak71 wrote:

When is interest in? 1st day of month?

[Lex1989]

Possible if I open an account with 15K and leave it for a year for it to raise its counter to 1.2%

Without adding in even a cent?

[NTTDoCoMo]

Lex1989 wrote:

Possible if I open an account with 15K and leave it for a year for it to raise its counter to 1.2%

Without adding in even a cent?

Yes.. You can do so, provided TnC don't change.

[Lex1989]

NTTDoCoMo wrote:

Yes.. You can do so, provided TnC don't change.

TnC change they will inform or not?

Dont think i will monitor TnC for a damn year right?

Or best i just do a recurring 0.01 per month?

[NTTDoCoMo]

Lex1989 wrote:

TnC change they will inform or not?

Dont think i will monitor TnC for a damn year right?

Or best i just do a recurring 0.01 per month?

They will inform if TnC change. Previous TnC changes was notified via email and website.

You can do recurring deposit to prevent account becoming inactive.

[Lex1989]

NTTDoCoMo wrote:

They will inform if TnC change. Previous TnC changes was notified via email and website.

You can do recurring deposit to prevent account becoming inactive.

May i know what was the previous TnC changes all about? If you mind to share.

Thanks bro!

[AhPohPoh]

Sometimes t&c change might be more than just having you to put in increasing amount every month.

They might change t&c to minimum 35k in maxigain to gain counter or potentially bigger changes.

But ya they should email the changes to you except sometimes we tend to overlook these emails as ‘spam’

Lex1989 wrote:

TnC change they will inform or not?

Dont think i will monitor TnC for a damn year right?

Or best i just do a recurring 0.01 per month?

[NTTDoCoMo]

Lex1989 wrote:

May i know what was the previous TnC changes all about? If you mind to share.

Thanks bro!

You can refer to the blog in the below url

https://theboywhoprocrastinates.blogspot.com/2018/12/revision-of-interest-rates-for-citi.html

[Lex1989]

NTTDoCoMo wrote:

You can refer to the blog in the below url

https://theboywhoprocrastinates.blog...-for-citi.html

AhPohPoh wrote:

Sometimes t&c change might be more than just having you to put in increasing amount every month.

They might change t&c to minimum 35k in maxigain to gain counter or potentially bigger changes.

But ya they should email the changes to you except sometimes we tend to overlook these emails as ‘spam’

thank you to both brother to share!

Cheers man, will read it!