HWZ Forums

Login Register FAQ Mark Forums Read

Citibank Maxigain Savings Account

Like Tree535Likes
Reply
 
LinkBack Thread Tools
Old 18-05-2019, 05:45 PM   #5461
Greater Supremacy Member
 
Sinkie's Avatar
 
Join Date: Jan 2009
Posts: 78,177
Possible to start a 2nd account like a joint account and have $0 in it with no fall below fee?

Person A (solo) = $150k
Person A (main holder) + person B = $0

While waiting for 12 months to reach max interest.
When you open a joint account, you must specify the principal account holder. The balance of the joint account is attributed to that person's TRB.

Account A (10k)
Account B (10k)
Account A+B, A is principle (5k)

In example AB, A's TRB is 15k, and B's TRB is 10k. B will be charged a fall below fee each month.

It is not possible to have a second A+B account with B as principal.

Account D (15k)
Account D+E, D is principle ($1)

In example DE, D's TRB is $15,001. E is not required to maintain any minimum sum.
According to dreant, answer is yes
Sinkie is offline   Reply With Quote
Old 18-05-2019, 05:55 PM   #5462
Master Member
 
Join Date: Jun 2000
Posts: 4,337
Maybank iSAVvy need how much to give 2% ?
https://info.maybank2u.com.sg/promot...ds-top-up.aspx

Google is your friend.
maumu is online now   Reply With Quote
Old 18-05-2019, 06:15 PM   #5463
Supremacy Member
 
Join Date: Sep 2001
Posts: 9,255
Possible to start a 2nd account like a joint account and have $0 in it with no fall below fee?

Person A (solo) = $150k
Person A (main holder) + person B = $0

While waiting for 12 months to reach max interest.
No, that isn't possible - because the counter doesn't tick up if the balance is $0. (Also, the counters reset to 0 if the lowest balance is $0 for two consecutive months)

I've done it with $1; but theoretically, it should also work with $0.01.
dreant is offline   Reply With Quote
Old 19-05-2019, 05:51 PM   #5464
Member
 
Join Date: Jan 2017
Posts: 250
can i withdraw all interest earned & remain $150k in the account with no penalize thanks.
Possible.
Just that must remember to withdraw interest every month.
If forget and the account have more than 150k, then have to maintain the amount to prevent counter from dropping.
Intel888 is offline   Reply With Quote
Old 20-05-2019, 11:06 PM   #5465
Senior Member
 
SCG8866T's Avatar
 
Join Date: Mar 2013
Posts: 997
May I know whats the max interest u will earn now if you put 15k in maxi?
SCG8866T is offline   Reply With Quote
Old 21-05-2019, 01:36 PM   #5466
Senior Member
 
PC-User's Avatar
 
Join Date: Dec 2007
Posts: 1,400
After few months of idling, SIBOR finally took another small step up...
oceanicmanta likes this.
PC-User is offline   Reply With Quote
Old 21-05-2019, 11:22 PM   #5467
Member
 
Join Date: Jan 2017
Posts: 250
May I know whats the max interest u will earn now if you put 15k in maxi?

1 month after opening, you are at counter 1, and so on ...

If you are at counter 1, then you earn 0.1%.
Up to a max of 12 counters, after 1 year. So interest after 1 year is 1.2%

To have counters increase every month, minimum balance cannot be lower than previous month.
Intel888 is offline   Reply With Quote
Old 22-05-2019, 06:48 AM   #5468
Supremacy Member
 
doody_'s Avatar
 
Join Date: Nov 2006
Posts: 7,320
1 month after opening, you are at counter 1, and so on ...

If you are at counter 1, then you earn 0.1%.
Up to a max of 12 counters, after 1 year. So interest after 1 year is 1.2%

To have counters increase every month, minimum balance cannot be lower than previous month.
That's the bonus interest only. Don't forget the base interest which is 80% of 1M SIBOR.
doody_ is offline   Reply With Quote
Old 22-05-2019, 06:59 AM   #5469
Arch-Supremacy Member
 
Join Date: Apr 2015
Posts: 16,639
That's the bonus interest only. Don't forget the base interest which is 80% of 1M SIBOR.
Get base interest only if balance at least $70k and it is 70% of 1M SIBOR
Trazora is online now   Reply With Quote
Old 22-05-2019, 11:07 AM   #5470
Arch-Supremacy Member
 
Join Date: Dec 2002
Posts: 20,902
That's the bonus interest only. Don't forget the base interest which is 80% of 1M SIBOR.
Drop to 70% for many months already
hwmook is online now   Reply With Quote
Old 23-05-2019, 12:24 AM   #5471
Member
 
Join Date: Jan 2017
Posts: 250
That's the bonus interest only. Don't forget the base interest which is 80% of 1M SIBOR.
1 month after opening, you are at counter 1, and so on ...

If you are at counter 1, then you earn 0.1%.
Up to a max of 12 counters, after 1 year. So interest after 1 year is 1.2%

To have counters increase every month, minimum balance cannot be lower than previous month.
Yup. Only Bonus Interest applies to
SCG8866T since he's asking for max interest u will earn now if you put 15k.

If min 70k, will get Base Interest of which is based on 70% of SIBOR rate
+ Bonus Interest.
Squaredot likes this.
Intel888 is offline   Reply With Quote
Old 23-05-2019, 08:13 AM   #5472
Supremacy Member
 
doody_'s Avatar
 
Join Date: Nov 2006
Posts: 7,320
For building up the counter, I took it as no interest. It's too little to bother.
doody_ is offline   Reply With Quote
Old 23-05-2019, 05:27 PM   #5473
Supremacy Member
 
testingabc's Avatar
 
Join Date: Sep 2013
Posts: 7,297
For building up the counter, I took it as no interest. It's too little to bother.
korkor what's the most interest one? ssb? or fixed deposit?
__________________
Quality CCTV Equipments here.
testingabc is offline   Reply With Quote
Old 25-05-2019, 08:21 AM   #5474
Member
 
Join Date: Jan 2017
Posts: 250
korkor what's the most interest one? ssb? or fixed deposit?
Depends on
- how much you put in
- how long you leave it there

Most flexible is SSB
Intel888 is offline   Reply With Quote
Old 28-05-2019, 02:44 PM   #5475
Senior Member
 
Join Date: Jul 2012
Posts: 1,712
My current balance is $15K and I am going to topup to $70K to enjoy the base interest too.

Shall I toupup now or wait to the 1st day of June?
zumaba 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