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Citibank Maxigain Savings Account

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Old 15-08-2019, 01:48 AM   #5746
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This is a heads-up for anyone intending to do top up promo.

I topped up $50K in April expecting to receive $70 top up bonus.

However in August, bonus received was only $30.

Found out that even though my Maxigain Savings was untouched, and thus growing in size every month, my other Citibank current account which I use for cheque issuance has some money movement and thus my total asset within the holding period had decreased. Thus I am given lower tier bonus and I am deemed to top up less than $50K.

For your information.
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Old 15-08-2019, 08:41 AM   #5747
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Hi all. Citibank stocks seems to drop by 5%, will it affect your decision to continue keeping money with Maxigain if it drops further?

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Old 15-08-2019, 01:41 PM   #5748
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They have manpower reduction soon from news stock drop is expected
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Old 15-08-2019, 11:25 PM   #5749
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Hi all. Citibank stocks seems to drop by 5%, will it affect your decision to continue keeping money with Maxigain if it drops further?

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For me I will still keep at Citibank Maxigain to gain counters, but will not add any funds this couple of months.
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Old 16-08-2019, 11:06 AM   #5750
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Hi all. Citibank stocks seems to drop by 5%, will it affect your decision to continue keeping money with Maxigain if it drops further?

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does their stock drop have any relation to the interest rate in maxigain? no right?
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Old 16-08-2019, 11:28 AM   #5751
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For me I will still keep at Citibank Maxigain to gain counters, but will not add any funds this couple of months.
I guess so too
does their stock drop have any relation to the interest rate in maxigain? no right?
Not sure. Therefore im checking with people here who are good in econ.

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Old 16-08-2019, 11:30 AM   #5752
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does their stock drop have any relation to the interest rate in maxigain? no right?
Yes i agree with you. I dont see any relation. Our local banks shares also dropping for past week, does it mean we should all take out our money from our banks? lol.
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Old 16-08-2019, 11:32 AM   #5753
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This is a heads-up for anyone intending to do top up promo.

I topped up $50K in April expecting to receive $70 top up bonus.

However in August, bonus received was only $30.

Found out that even though my Maxigain Savings was untouched, and thus growing in size every month, my other Citibank current account which I use for cheque issuance has some money movement and thus my total asset within the holding period had decreased. Thus I am given lower tier bonus and I am deemed to top up less than $50K.

For your information.
This is to be expected. Fresh funds topup are net of all your accounts in Citi, else everyone can simply transfer money out of other accounts to other banks and then re-route it back to Maxigain.
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Old 16-08-2019, 01:48 PM   #5754
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does their stock drop have any relation to the interest rate in maxigain? no right?
maybe they are worried about the stability of citibank?

that aside, are sibor rates expected to drop in tandem with interest rates?
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Old 16-08-2019, 03:21 PM   #5755
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maybe they are worried about the stability of citibank?

that aside, are sibor rates expected to drop in tandem with interest rates?
Yeah, sadly seems sibor will drop
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Old 20-08-2019, 02:11 AM   #5756
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next time if you want to close this account and withdraw the 70k then is there any admin fees?
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Old 25-08-2019, 12:59 PM   #5757
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Are there any other Citibank plans with better interest rates and liquidity, since Sibor projected to fall?
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Old 25-08-2019, 02:31 PM   #5758
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next time if you want to close this account and withdraw the 70k then is there any admin fees?
check with the bank, there a limit amount of months to stay on before termination of account to avoid been charges.
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Old 25-08-2019, 04:17 PM   #5759
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Actually even if sibor were to fall to almost half i.e. 1%, maxigain will still yield about 1.9% and by then, isavvy and esaver would likely be even lower?
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Old 25-08-2019, 05:41 PM   #5760
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if time are bad all rate will fall. it only u had to decide which fall is not the lowest.
All good will come with an ending.
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