anyone keeping $70k inside to keep the account alive (and rebuild counter back from 6 to 12)? share your reasons?
It is sad that we have to close it but have to give thumbs up to Citi for making the account closure process so easy for the customer.
if we close the account over live chat, how they transfer the balance to? or we have to go to the bank to collect cheque?
if u want to keep the acc alive and build back the counters, keep 15k for now is enough.
u lose out on the base interest but the opportunity cost is 0.02% x 15000 = $300 a year if you can 2% on this 15k elsewhere.
so if ever there is a chance you may get back 2% + from maxigain again, you only need 1-2 months to recover back this $300.
until your counter is 12 again, then evaluate again whether its worth it to up back up to 70k. for now if at counter 6, definitely not worth it to keep 70k.
zero out the acc then close it over live chat
I can't find the live chat function via mobile app. Is it oy via desktop? Thanks
Interest in as expected.
Took me one hour to close account via Live Chat (because I have to wait for available banking officer to assist). They must be very busy today
haha ... Lorenzo or Pamela ? Ronald passed ?
Did it around 11am, 5min settledInterest in as expected.
Took me one hour to close account via Live Chat (because I have to wait for available banking officer to assist). They must be very busy today
haha ... Lorenzo or Pamela ? Ronald passed ?
DBS Multiplier Criteria had been revised.
SSB from Feb 2020 will be classified under the Income Category.
https://www.dbs.com.sg/iwov-resourc...er-terms-and-conditions-update-notice-dbs.pdf
Is the interest rate that bad? Is about 1.5%,?It is sad that we have to close it but have to give thumbs up to Citi for making the account closure process so easy for the customer.
Is the interest rate that bad? Is about 1.5%,?