Citibank Maxigain Savings Account

Intel888

Master Member
Joined
Jan 30, 2017
Messages
2,629
Reaction score
794
What's the benefit of keeping MaxiGain?
Since DBS Multiplier 'salary credit' now includes dividends from CDP, so essentially don't need salary credit now. Anyone can apply, right?
 

compro_1975

High Supremacy Member
Joined
Jul 5, 2004
Messages
36,527
Reaction score
2,220
from 0000hrs of today till this moment i earned $1.68 of interest, that is triple the interest dbs gave me for a year sia... anw, i just let go this 1.68 to get my money out
 

DenOOO

Senior Member
Joined
Nov 28, 2010
Messages
1,181
Reaction score
161
It's a drop of $20 plus for me. It doesn't matter to me, I'll continue park there for awhile more

Today's interest doesn't hit that hard yet cos counter is still 1.2%.

Next month will drop another 0.6%, since counter reduced from 1.2% to 0.6% max.
 

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
17,189
Reaction score
570
our bonus interest awarded in end dec should be similar to previous months right? mine dropped by half though there was no withdrawal in nov, my withdrawal was in dec. Anyone has any idea why so?
 

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
17,189
Reaction score
570
yea bonus int from $150 dropped to $80. Called customer svc they need investigate zzzzz
 

Squaredot

Arch-Supremacy Member
Joined
Feb 12, 2009
Messages
16,616
Reaction score
3,894
our bonus interest awarded in end dec should be similar to previous months right? mine dropped by half though there was no withdrawal in nov, my withdrawal was in dec. Anyone has any idea why so?

bro, when u withdraw in Dec, counter is down to 6 instead of 12.
so Dec bonus int is half of what Nov bonus int.
 

maumu

Supremacy Member
Joined
Jun 22, 2000
Messages
9,010
Reaction score
1,356
still undecided if wanna close or keep it alive... rates are dropping, and other banks are changing their account requirements.
 

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
17,189
Reaction score
570
bro, when u withdraw in Dec, counter is down to 6 instead of 12.
so Dec bonus int is half of what Nov bonus int.

oh i see thanks! i thought dec bonus is based on nov balance so it should still stay at counter 12, but read it in earlier post few pages back, will close all citi now
 
Last edited:

tmkedmw

Arch-Supremacy Member
Joined
Feb 16, 2013
Messages
21,142
Reaction score
10,715
You were able to FAST out more than 100k today? I have read that per day maximum is 50k x 2 FAST transfers.

I already fast out on 1 Dec and leave a princely balance of $1. 1dec withdrawal limit is .... I think sky is the limit due to Citi system problem. Limit should be 100k when system is normal.
 

dreant

Arch-Supremacy Member
Joined
Sep 23, 2001
Messages
10,020
Reaction score
72
For reference, based on my calculations, base interest paid out over the last year and a half has been approximately the following:

2019-12 0.885% // 50% of 1m SIBOR
2019-11 1.230% // 70% of 1m SIBOR
2019-10 1.298%
2019-09 1.312%
2019-08 1.315%
2019-07 1.318%
2019-06 1.319%
2019-05 1.302%
2019-04 1.279%
2019-03 1.289%
2019-02 1.260%
2019-01 1.242% // 70% of 1m SIBOR
2018-12 1.358% // 80% of 1m SIBOR
2018-11 1.296%
2018-10 1.213%
2018-09 1.210%
2018-08 1.219%
2018-07 1.200%
2018-06 1.138% // 80% of 1m SIBOR

Interestingly, bonus interest paid out at the end of 2019-12 (for 2019-11 lowest balance) used 0.1% per counter. I wonder if they'll try to claw back half of it, because it's supposed to be 0.05% per counter instead.
 
Last edited:

Trazora

Arch-Supremacy Member
Joined
Apr 19, 2015
Messages
22,819
Reaction score
1,023
For reference, based on my calculations, base interest paid out over the last year has been approximately the following:

2019-12 0.885% // 50% of 1m SIBOR
2019-11 1.230% // 70% of 1m SIBOR
2019-10 1.298% // 70% of 1m SIBOR
2019-09 1.312% // 70% of 1m SIBOR
2019-08 1.315% // 70% of 1m SIBOR
2019-07 1.318% // 70% of 1m SIBOR
2019-06 1.320% // 70% of 1m SIBOR
2019-05 1.302% // 70% of 1m SIBOR
2019-04 1.279% // 70% of 1m SIBOR
2019-03 1.289% // 70% of 1m SIBOR
2019-02 1.260% // 70% of 1m SIBOR
2019-01 1.242% // 70% of 1m SIBOR
2018-12 1.358% // 80% of 1m SIBOR

Interestingly, bonus interest paid out at the end of 2019-12 (for 2019-11 lowest balance) used 0.1% per counter. I wonder if they'll try to claw back half of it, because it's supposed to be 0.05% per counter instead.

0.1% per counter as per nov is correct lah
 

pytha6ora$

Member
Joined
Dec 25, 2019
Messages
119
Reaction score
8
Currently have

60k on BOC smartsaver ($1500 spending) 3.55%pa
75k on UOB one ($500 spending) 2.43%pa
125k on citi maxigain 1.5% max after Jan

I'm studying as options you guys share at the moment. It's a disappointment to remove maxigain from the game.

here's my options:

1. Shift the 125k to maybank isavvy and scb esaver for 1.9% for the next 2 months

2. Shift either BOC or UOB funds with 125k (maxigain) to hsbc premier for the 2% base interest and additional 2% for 100k $800 spend for the next 3 months

if you were me, what do you do? thanks for advise though!
 
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 Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top