HWZ Forums

Login Register FAQ Mark Forums Read

Citibank Maxigain Savings Account

Like Tree593Likes
Reply
 
LinkBack Thread Tools
Old 02-05-2019, 11:03 AM   #5356
Supremacy Member
 
heng_ah's Avatar
 
Join Date: Sep 2015
Posts: 6,404
means there are no maximum interest cap, if sibor keep getting higher and higher
I put 150k at step 12 because I bet SIBOR is climbing up lor...
heng_ah is offline   Reply With Quote
Old 02-05-2019, 11:04 AM   #5357
Junior Member
 
Join Date: Apr 2019
Posts: 74
Technically this is right but what’s stopping them from revising it to 60% of SIBOR?

means there are no maximum interest cap, if sibor keep getting higher and higher
AhPohPoh is offline   Reply With Quote
Old 02-05-2019, 11:07 AM   #5358
Supremacy Member
 
heng_ah's Avatar
 
Join Date: Sep 2015
Posts: 6,404
Technically this is right but what’s stopping them from revising it to 60% of SIBOR?
They have done that before.
Nothing can stop them.
Either stay with them or jump to their competitor's products.
heng_ah is offline   Reply With Quote
Old 02-05-2019, 01:39 PM   #5359
Senior Member
 
PC-User's Avatar
 
Join Date: Dec 2007
Posts: 1,412
Technically this is right but what’s stopping them from revising it to 60% of SIBOR?
I believe they'll control the total interest max at around 2.4~2.5%. SIBOR rise too much, they'll reduce the % to balance out.
PC-User is offline   Reply With Quote
Old 02-05-2019, 03:19 PM   #5360
Member
 
Join Date: Jun 2017
Posts: 224
No point jump, until they nerf it and if other banks really give better offer, which is quite unlikely...

example UOB. Now their bonus interest rate on normal savings account is comparing incremental balance against previous month average balance, and not like last time against Oct/Dec/Feb (always 2 months gap) average balance.
(so I can earn bonus interest rate for this month, next month I won't be able to)

Extract from UOB : Enjoy the freshest rates of up to 1.65% p.a.* interest. Plus, receive S$100 Dairy Farm Group Vouchers* when you deposit at least S$100,000 in Fresh Funds which results in an Incremental Fresh Funds Balance of at least S$100,000 when compared against your previous month’s Monthly Average Balance (MAB).
Linguist is offline   Reply With Quote
Old 02-05-2019, 03:41 PM   #5361
Junior Member
 
Join Date: Oct 2018
Posts: 71
thank you in this case does it make a difference if we withdraw on 30th when interest is credited or on 1st of following month? based on your tnc seems to have no impact. Just trying to understand if the date really matters
I don’t believe that it makes a difference.

Let’s go back to the same example and assume that you do not deposit or withdraw any amount before 30th. When the interest was credited and withdrawn on 30th, the lowest balance is still $150,000 in April. And if you repeat the same action in May, the lowest balance is the same.
Boy who Procrastinates is online now   Reply With Quote
Old 02-05-2019, 09:12 PM   #5362
Junior Member
 
Join Date: Oct 2018
Posts: 71
where to open citibank maxigain account? can go to those mrt one or some specific one? 70k they will give Citi Priority Debit Mastercard better?
Hmm i think you can check out if the branch that you are going to, offers account opening service before heading over.

https://www.citibank.com.sg/gcb/othe...b_location.htm

Yes, they will provide the Priority debit card but to me that is just a fancy debit card that allows you to withdraw cash at ATM.

If i am not wrong, there are other benefits to holding the Priority card but I don't find it particularly useful for me.

https://www.citibank.com.sg/citi-pri...PrivilegesCIBA
testingabc likes this.
Boy who Procrastinates is online now   Reply With Quote
Old 02-05-2019, 09:17 PM   #5363
Junior Member
 
Join Date: Apr 2019
Posts: 74
Not working for Citibank but I know a very responsible and responsive acquisition officer (who helped me with my Citigold account application). She’ll even meet you at a time/place of your convenience you so you don’t have to go to branch to open account.

Will pm you.

where to open citibank maxigain account? can go to those mrt one or some specific one? 70k they will give Citi Priority Debit Mastercard better?
AhPohPoh is offline   Reply With Quote
Old 02-05-2019, 09:44 PM   #5364
Supremacy Member
 
testingabc's Avatar
 
Join Date: Sep 2013
Posts: 7,618
Not working for Citibank but I know a very responsible and responsive acquisition officer (who helped me with my Citigold account application). She’ll even meet you at a time/place of your convenience you so you don’t have to go to branch to open account.

Will pm you.
thank you very much but i am still reading about it
__________________
Specialize in iCatch CCTV
testingabc is online now   Reply With Quote
Old 02-05-2019, 10:08 PM   #5365
Junior Member
 
Join Date: Apr 2019
Posts: 74
No worries. Take your time. If you have any queries regarding anything to do with maxigain or account opening or what, just pm me and I can pass you her number.

Just want to put it out there that I’m not at all related to her. Just promoting her cause of all the Acquistion officers/RM that I’ve encountered across various banks, she’s the only one that amazed me with her level of customer service.

Just one of the incidents which happened:

She’s actually a Citigold AO. So I messaged her awhile back on a Saturday and asked when she was free cause someone I knew wanted to open a CitiPriority account or do they have to go to a branch. She said she’s out but give her 2 hours and she’ll go back office to print the documents and meet my friend at wherever my Friend was. I said she really didn’t have to but she said it’s fine.

She flew down within 2 hours and helped my Friend to open her priority account. I messaged her later to thank her, and asked her why she was willing to come down on a weekend. She said customers are hard to come by and important no matter how small.

She thanked me for referrals and said that someday if for some reason someone I know can’t go to bank but want to open a normal Citibank account but can’t go to branch for whatever reason, she’ll go down to meet them even though she won’t be earning any commission.

Especially in an environment when I have to call a bank multiple times to even get a callback when I’m interested to open priority/private bank account.... this kind of working attitude a bit rare.

thank you very much but i am still reading about it
AhPohPoh is offline   Reply With Quote
Old 02-05-2019, 10:12 PM   #5366
Member
 
Join Date: Dec 2009
Posts: 358
No point jump, until they nerf it and if other banks really give better offer, which is quite unlikely...

example UOB. Now their bonus interest rate on normal savings account is comparing incremental balance against previous month average balance, and not like last time against Oct/Dec/Feb (always 2 months gap) average balance.
(so I can earn bonus interest rate for this month, next month I won't be able to)

Extract from UOB : Enjoy the freshest rates of up to 1.65% p.a.* interest. Plus, receive S$100 Dairy Farm Group Vouchers* when you deposit at least S$100,000 in Fresh Funds which results in an Incremental Fresh Funds Balance of at least S$100,000 when compared against your previous month’s Monthly Average Balance (MAB).
“Incremental Fresh Funds Balance” refers to the daily difference between each day-end Account balance and the April 2019 Monthly Average Balance"
Extracted from the promotion TnC
https://www.uob.com.sg/assets/pdfs/p...-promotion.pdf

Guess UOB made the same mistake again. It happened in the Mar/Apr 19 promotion where they changed the TnC from "previous month’s MAB" to "Feb's MAB".

If unsure, good to clarify with them in writing.
brown56 is offline   Reply With Quote
Old 02-05-2019, 10:21 PM   #5367
Supremacy Member
 
Join Date: Dec 2004
Posts: 8,036
No worries. Take your time. If you have any queries regarding anything to do with maxigain or account opening or what, just pm me and I can pass you her number.

Just want to put it out there that I’m not at all related to her. Just promoting her cause of all the Acquistion officers/RM that I’ve encountered across various banks, she’s the only one that amazed me with her level of customer service.

Just one of the incidents which happened:

She’s actually a Citigold AO. So I messaged her awhile back on a Saturday and asked when she was free cause someone I knew wanted to open a CitiPriority account or do they have to go to a branch. She said she’s out but give her 2 hours and she’ll go back office to print the documents and meet my friend at wherever my Friend was. I said she really didn’t have to but she said it’s fine.

She flew down within 2 hours and helped my Friend to open her priority account. I messaged her later to thank her, and asked her why she was willing to come down on a weekend. She said customers are hard to come by and important no matter how small.

She thanked me for referrals and said that someday if for some reason someone I know can’t go to bank but want to open a normal Citibank account but can’t go to branch for whatever reason, she’ll go down to meet them even though she won’t be earning any commission.

Especially in an environment when I have to call a bank multiple times to even get a callback when I’m interested to open priority/private bank account.... this kind of working attitude a bit rare.
How I wish my RM is like this
htngwilliam is offline   Reply With Quote
Old 02-05-2019, 10:34 PM   #5368
Junior Member
 
Join Date: Apr 2019
Posts: 74
“Incremental Fresh Funds Balance” refers to the daily difference between each day-end Account balance and the April 2019 Monthly Average Balance"
Extracted from the promotion TnC
https://www.uob.com.sg/assets/pdfs/p...-promotion.pdf

Guess UOB made the same mistake again. It happened in the Mar/Apr 19 promotion where they changed the TnC from "previous month’s MAB" to "Feb's MAB".

If unsure, good to clarify with them in writing.
Many of the RMs/AOs who help you do not note of any changes to T&C. In fact, I've clarified, argued and 'won' many of these arguments. Made these RMs/AOs bring the T&C and clarify with the department who wrote them.

So sometimes when my RM tells me " oh if put in on March 30th and withdraw on end of May, you've qualified for the 3 months promo," I'll not take it at face value and check the T&Cs. Usually the T&Cs will state very clear. Cause T&Cs change from time to time and a couple of AOs/RMs have even thanked me, else they'd have misinformed even more customers.

Just remember that at the end of the day, doesn't matter whether is it by speech or by written (text/email), the thing the banks always fall back on is the T&Cs, and you should do the same. Cause if they misinform you, they'll just apologize and said that they misintepret wrongly and it's your responsibility to read the T&C.
AhPohPoh is offline   Reply With Quote
Old 02-05-2019, 11:06 PM   #5369
Senior Member
 
Join Date: Feb 2018
Posts: 2,298
Many of the RMs/AOs who help you do not note of any changes to T&C. In fact, I've clarified, argued and 'won' many of these arguments. Made these RMs/AOs bring the T&C and clarify with the department who wrote them.

So sometimes when my RM tells me " oh if put in on March 30th and withdraw on end of May, you've qualified for the 3 months promo," I'll not take it at face value and check the T&Cs. Usually the T&Cs will state very clear. Cause T&Cs change from time to time and a couple of AOs/RMs have even thanked me, else they'd have misinformed even more customers.

Just remember that at the end of the day, doesn't matter whether is it by speech or by written (text/email), the thing the banks always fall back on is the T&Cs, and you should do the same. Cause if they misinform you, they'll just apologize and said that they misintepret wrongly and it's your responsibility to read the T&C.
My RM tells me if withdraw interest, counter will drop. I can't be bothered to argue with her.
vsvs24 is online now   Reply With Quote
Old 02-05-2019, 11:35 PM   #5370
Master Member
 
Join Date: Feb 2009
Posts: 3,500
No worries. Take your time. If you have any queries regarding anything to do with maxigain or account opening or what, just pm me and I can pass you her number.

Just want to put it out there that I’m not at all related to her. Just promoting her cause of all the Acquistion officers/RM that I’ve encountered across various banks, she’s the only one that amazed me with her level of customer service.

Just one of the incidents which happened:

She’s actually a Citigold AO. So I messaged her awhile back on a Saturday and asked when she was free cause someone I knew wanted to open a CitiPriority account or do they have to go to a branch. She said she’s out but give her 2 hours and she’ll go back office to print the documents and meet my friend at wherever my Friend was. I said she really didn’t have to but she said it’s fine.

She flew down within 2 hours and helped my Friend to open her priority account. I messaged her later to thank her, and asked her why she was willing to come down on a weekend. She said customers are hard to come by and important no matter how small.

She thanked me for referrals and said that someday if for some reason someone I know can’t go to bank but want to open a normal Citibank account but can’t go to branch for whatever reason, she’ll go down to meet them even though she won’t be earning any commission.

Especially in an environment when I have to call a bank multiple times to even get a callback when I’m interested to open priority/private bank account.... this kind of working attitude a bit rare.
She is hardworking. This is rare nowadays.
Squaredot is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On