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Citibank Maxigain Savings Account

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Old 01-05-2019, 01:13 PM   #5326
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Lowest balance is any time or lowest end of day balance?
End of day balance
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Old 01-05-2019, 02:45 PM   #5327
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Is there any maximum interest rate can be earned?
Example like counter 12 = 1.2%
Then sibor rate 2% = 1.4%
Total 2.6% can be earned for the first $70k?

Max counter is 12. So max Bonus interest = 1.2%
Don't think there is a maximum account balance that earns the Bonus interest.

Base interest fluctuates according to Sibor.
"The maximum account balance that earns the base interest rate is capped at the first $150,000."

That's why if you want to maximise the benefits of this account, have between 70 - 150k.
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Old 01-05-2019, 05:46 PM   #5328
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Citibank money market account

Wondering anyone heard of this account?
Similar to maxigain, but min balance is 30k to earn interest of around 1.27% as on today rate

Citibank reserves the right to determine the daily interest payable based on the daily prevailing Singapore Interbank Bid Rate (SIBID). The rate is currently based at 70% of daily 1 month SIBID. The account does not earn interest if the average monthly balance, calculated as at the last day of the month, falls belong S$30,000
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Old 01-05-2019, 07:00 PM   #5329
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Wondering anyone heard of this account?
Similar to maxigain, but min balance is 30k to earn interest of around 1.27% as on today rate

Citibank reserves the right to determine the daily interest payable based on the daily prevailing Singapore Interbank Bid Rate (SIBID). The rate is currently based at 70% of daily 1 month SIBID. The account does not earn interest if the average monthly balance, calculated as at the last day of the month, falls belong S$30,000
Why not deposit in standard chartered esaver? Paying more than 1.27%.
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Old 01-05-2019, 07:20 PM   #5330
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Why not deposit in standard chartered esaver? Paying more than 1.27%.
Should as well place in Maybank isavvy. 2% min 20k.
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Old 01-05-2019, 08:32 PM   #5331
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Should as well place in Maybank isavvy. 2% min 20k.
maybank saving account so good 2% min 20k? got any other toc?
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Old 01-05-2019, 08:58 PM   #5332
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All the other accounts like Isavy and esaver is not every month u get the interest, only for incremental balance!
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Old 01-05-2019, 09:12 PM   #5333
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ISavvy and eSaver need a bit of work every 2 months or so to get the higher interest. The offer for higher interest lasts for 2 months and it’s for the increased deposit from average daily balance the month before. So to get the most of these accounts, you need to move the money every 2 months or so.

maybank saving account so good 2% min 20k? got any other toc?
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Old 01-05-2019, 09:12 PM   #5334
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All the other accounts like Isavy and esaver is not every month u get the interest, only for incremental balance!
so wrong boss...
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Old 01-05-2019, 09:28 PM   #5335
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e$aver Bonus Interest (1 April 2019 to 31 May 2019) Promotion
From now till 31 May 2019, earn up to 2.00% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to March 2019’s average daily balance).

DEPOSIT BALANCE TIER
PREVAILING INTEREST RATE ON DEPOSIT BALANCE
BONUS INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
TOTAL INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
<S$50,000 0.10% p.a. 1.75% p.a. 1.85% p.a.
S$50,000 to <S$200,000 0.15% p.a 1.90% p.a.
≥S$200,000 0.25% p.a. 2.00% p.a.

pls see the sc website, the bonus interest is only on incremental balance, u need to transfer in and out to get the 2% interest
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Old 01-05-2019, 10:17 PM   #5336
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last month's sibor: 1.771300% seems to drop....
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Old 01-05-2019, 11:01 PM   #5337
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if i receive interest on 30th of April, can i draw out the interest today 2nd may without affecting counter? i assume the tnc is lowest balance in current month must be higher than lowest balance in previous month without reseting the counter? Or Or need to withdraw on 30th of every month i.e. same day when interests is credited?
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Old 01-05-2019, 11:05 PM   #5338
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e$aver Bonus Interest (1 April 2019 to 31 May 2019) Promotion
From now till 31 May 2019, earn up to 2.00% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to March 2019’s average daily balance).

DEPOSIT BALANCE TIER
PREVAILING INTEREST RATE ON DEPOSIT BALANCE
BONUS INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
TOTAL INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
<S$50,000 0.10% p.a. 1.75% p.a. 1.85% p.a.
S$50,000 to <S$200,000 0.15% p.a 1.90% p.a.
≥S$200,000 0.25% p.a. 2.00% p.a.

pls see the sc website, the bonus interest is only on incremental balance, u need to transfer in and out to get the 2% interest
I keep my money within the same SC internet banking account and receiving the interests every month. Im a happy man.. go ahead and explore other options if that is your choice.
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Old 01-05-2019, 11:09 PM   #5339
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if i receive interest on 30th of April, can i draw out the interest today 2nd may without affecting counter? i assume the tnc is lowest balance in current month must be higher than lowest balance in previous month without reseting the counter? Or Or need to withdraw on 30th of every month i.e. same day when interests is credited?
withdraw any day (except Sunday/public holiday to avoid loss of one-day interest) in the following month.

e.g. interest would have been in on 30 April. you can withdraw out the interest on 2 May and park the money elsewhere with higher interest (if you've already maxed 150k).
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Old 01-05-2019, 11:20 PM   #5340
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citibank should increase 150k limit..
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