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Citibank Maxigain Savings Account

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Old 26-08-2019, 12:02 PM   #5776
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Thanks. I had the feeling I was missing something.

Donít maintain it means lowest balance each month is not greater than prior month?
Means lowest balance is lower than that of the prior month's
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Old 26-08-2019, 08:06 PM   #5777
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dear experts out there,

I have a simple question. THe bonus interest counter will increase by 1 every month till it hits 12. what happens the month after it hits 12? will it remain at 12, or reset back to 1?

i have gone more than 10 pages in this thread but still did not find the answer. this thread is 300+ pages long
It remains at 12 interest counter.
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Old 26-08-2019, 08:15 PM   #5778
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It remains at 12 interest counter.
But only if you keep the lowest balance above the prior month’s lowest balance each month, right?
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Old 26-08-2019, 09:39 PM   #5779
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But only if you keep the lowest balance above the prior monthís lowest balance each month, right?
just lowest balance equal or above the previous month lowest balance will do
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Old 26-08-2019, 10:20 PM   #5780
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Since this is saving account, at least they credit the interest every month.

FDs are quite pathetic now.
Thought of waiting my FDs matured, put 150k into maxigain account since the max is until 150k. At least mth they credit in $270 based on 150k.

Is it worth it?
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Old 26-08-2019, 10:46 PM   #5781
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Since this is saving account, at least they credit the interest every month.

FDs are quite pathetic now.
Thought of waiting my FDs matured, put 150k into maxigain account since the max is until 150k. At least mth they credit in $270 based on 150k.

Is it worth it?
only if u are alrady at counter 12
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Old 26-08-2019, 11:02 PM   #5782
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Since this is saving account, at least they credit the interest every month.

FDs are quite pathetic now.
Thought of waiting my FDs matured, put 150k into maxigain account since the max is until 150k. At least mth they credit in $270 based on 150k.

Is it worth it?
I think worth it or not depends on your counters, currently fixed deposit max is 1.9% while on current sibor rate at counter 6 is above most fixed deposit. for me i personally on counter 3 so probably will put at cimb 3month 1.7% fixed deposit before making decision whether to top up on citibank maxigain depends on the sibor rates in 3 months time
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Old 27-08-2019, 12:22 AM   #5783
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so now if put 70k 1 year can get 2.2%?
dun know should open or not
seems like interest going to drop
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Old 27-08-2019, 05:21 AM   #5784
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so now if put 70k 1 year can get 2.2%?
dun know should open or not
seems like interest going to drop
Now is 2.5%
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Old 27-08-2019, 10:29 AM   #5785
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Yep, that's my understanding. It should still give you 1.9% based on current interest.
But my current balance is $70K only. So once I took out any amount, the interest will fall to 6*0.1%=0.6% and with no base interest, not 1.9%. You need at least $70K to earn base rate, right?

Last edited by zumaba; 27-08-2019 at 10:33 AM..
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Old 27-08-2019, 11:45 AM   #5786
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so now if put 70k 1 year can get 2.2%?
dun know should open or not
seems like interest going to drop
i have the same issue here. i not sure if i should just put 15k for the counter to go up for one year or just park 70k in it.

currently only have uob stash account, however it is not maxed out. so i still can put it in there
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Old 27-08-2019, 02:40 PM   #5787
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You either need to start somewhere or don't go for this account at all.
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Old 27-08-2019, 02:45 PM   #5788
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Now is 2.5%
So the rate increased from 2.2 to 2.5%. But 2.5% at counter 12. Not bad!
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Old 27-08-2019, 02:46 PM   #5789
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I think worth it or not depends on your counters, currently fixed deposit max is 1.9% while on current sibor rate at counter 6 is above most fixed deposit. for me i personally on counter 3 so probably will put at cimb 3month 1.7% fixed deposit before making decision whether to top up on citibank maxigain depends on the sibor rates in 3 months time

Actually this make sense. Maybe 70k with maxigain.
Then the rest i put in cimb for 3 mths, then decide later.
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Old 27-08-2019, 06:24 PM   #5790
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Counter wont drop as long as you only withdraw interest.
Hi just wish to clarify further.
Say interest credited on 1 September, can withdraw the interest any date of the month of September before 1 October?
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