Citibank Maxigain Savings Account

ekardo

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Huh, got change again? Not 0.6 + (0.25/2)?


oh ya...my bad..

0.6 for counter 12 (that's having to put in this bank for 1 year)
sibor 0.25/2 = 0.125


total: 0.725

slightly better than Maybank isavvy..but..you need to be in maxigain for 12 months..I think 99% of people already left.
 

rottingapple

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oh ya...my bad..

0.6 for counter 12 (that's having to put in this bank for 1 year)
sibor 0.25/2 = 0.125


total: 0.725

slightly better than Maybank isavvy..but..you need to be in maxigain for 12 months..I think 99% of people already left.
wa drop to so low. 想当年 Maxigain was still at sweet 2.2%. hais times have changed

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PC-User

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wa drop to so low. 想当年 Maxigain was still at sweet 2.2%. hais times have changed

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360 was at 2.45% (now 1.25%), musical chair was at 2.1% (now 0.7%), Jumpstart was at 2% (now 1%), FastSaver at 1.325% (going to be 0.825%)... Eventually all will adjust. That's why I don't want to be first responder to immediately shift here shift there like 逃难 like that, very the 麻烦…
 

vsvs24

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oh ya...my bad..

0.6 for counter 12 (that's having to put in this bank for 1 year)
sibor 0.25/2 = 0.125


total: 0.725

slightly better than Maybank isavvy..but..you need to be in maxigain for 12 months..I think 99% of people already left.

Problem with Citibank Maxigain is counter drops when you withdraw. Other accounts I will still keep and can move back if tide change. But Maxigain once withdraw just close because need to climb ladder again.
 

rottingapple

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360 was at 2.45% (now 1.25%), musical chair was at 2.1% (now 0.7%), Jumpstart was at 2% (now 1%), FastSaver at 1.325% (going to be 0.825%)... Eventually all will adjust. That's why I don't want to be first responder to immediately shift here shift there like 逃难 like that, very the 麻烦…
Wah all fall quite a lot. I am lucky to have parked my life savings in cimb before the rate dropped to 0.3%, it was 1.8% then.
 

ekardo

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i have half my life savings in long term interest of 1.8% to 2.15%...count myself lucky if the bank rate is to remain low for next 1 - 2 years.
 

dreant

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For reference, based on my calculations, base interest paid out over the last two years has been approximately the following:

2020-06 0.125%
2020-05 0.188%
2020-04 0.455%
2020-03 0.606%
2020-02 0.841%
2020-01 0.858% // bonus interest reduced to 0.05% per counter
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
 

Coldhead

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Received my last interest after zeroing my acct in early June. Still got 25 bucks

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Squaredot

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For reference, based on my calculations, base interest paid out over the last two years has been approximately the following:

2020-06 0.125%
2020-05 0.188%
2020-04 0.455%
2020-03 0.606%
2020-02 0.841%
2020-01 0.858% // bonus interest reduced to 0.05% per counter
2019-12 0.885% // 50% of 1m SIBOR

so what's the max for maxigain now? 0.125%+0.6%? :s22:
 

dreant

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so what's the max for maxigain now? 0.125%+0.6%? :s22:

For June 2020, it was effectively 0.125%+0.6% if you maintained 12 counters.

Even CIMB has reduced the interest for their FastSaver and StarSaver accounts wef 15 Jul. =( It might be a while before things get better again.
 

Squaredot

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For June 2020, it was effectively 0.125%+0.6% if you maintained 12 counters.

Even CIMB has reduced the interest for their FastSaver and StarSaver accounts wef 15 Jul. =( It might be a while before things get better again.

I see no point in keeping this account. Many of us already jump ship in Jan and earned better interest in the past 6 months :s13:
 

vsvs24

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I see no point in keeping this account. Many of us already jump ship in Jan and earned better interest in the past 6 months :s13:

Saw rates dropping everywhere and was wondering if this will somehow end up slightly higher.

I finally gave up and close on 1 Jul.
 

Squaredot

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Saw rates dropping everywhere and was wondering if this will somehow end up slightly higher.

I finally gave up and close on 1 Jul.

maxigain is SIBOR 1m related, until it starts trending up? not forgetting withdrawal will reset your counter to 6 (assuming u r at counter 12).
After some calculations, i jump ship in Jan =:p
Can always open account when it becomes attractive again :s13:
 

stylechap

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Tried to keep some money in citibank then transfer remaining.
They told me TRB for all account except Basic Bank account is 15k :s13:
Want keep few thousand inside for last min ATM withdrawal also cannot :s13:
 

vsvs24

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maxigain is SIBOR 1m related, until it starts trending up? not forgetting withdrawal will reset your counter to 6 (assuming u r at counter 12).
After some calculations, i jump ship in Jan =:p
Can always open account when it becomes attractive again :s13:

I had 2 accounts. I closed the single in Jan. Closed the Joint on 1 Jul.

Troublesome to open joint account so I kept for a while at $70k to look-see because at Counter 12. If open account need to climb ladder.
 

jaredho

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I see no point in keeping this account. Many of us already jump ship in Jan and earned better interest in the past 6 months :s13:

Hi there, care to share which offers better interest rates? See no point in keeping this maxigain account. Thanks
 

flyboy

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Hi there, care to share which offers better interest rates? See no point in keeping this maxigain account. Thanks

Singlife - $10K, 2.5%
Dash Easy Earn - $20K, 2.0%
Etiqa Elastiq -Up to $50K, 1.8%
Stashaway Simple - No limit, about 1.9%.

Upon making eligible transactions:

DBS Multiplier - $50K or $100K, 2.xx - 3.xx%
Bank of China - $80K, 1.45% (With effect from 1 August)
Standard Chartered Bonus Saver - $80K, 1.3%
UOB ONE - $75K, 1.2% (but factor in cashback from UOB One card $2K spending, can be up to 2.8%)
 

ekardo

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you forgot RHB 1.375% effective for 100k..

and BOC not 1.45% but 1.25% - 1.45%
 
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