HWZ Forums

Login Register FAQ Mark Forums Read

Citibank Maxigain Savings Account

Like Tree651Likes
Reply
 
LinkBack Thread Tools
Old 27-08-2019, 09:21 PM   #5791
Supremacy Member
 
testingabc's Avatar
 
Join Date: Sep 2013
Posts: 9,149
Can i simply put 15k, do nothing and keep increasing my counter?
Assuming interest earned is left inside.
you can, but do take note you can only get bonus interest from 0.1% onwards, which is very little imo for the first few months. if you have the funds to top up 55k more, you can get 0.7x1.88(current sibor rate) more each month.
__________________
iCatch CCTV Help / CIMB Fastsaver Referral / Sing Life Referral
PM me if needed
testingabc is offline   Reply With Quote
Old 28-08-2019, 06:14 AM   #5792
Senior Member
 
Join Date: Oct 2017
Posts: 716
can move here and there one meh?
Can. It's a merry go round. Just leave minimum of $1k in SC esaver to avoid fall below fee
Buzy_bee is offline   Reply With Quote
Old 28-08-2019, 10:01 AM   #5793
Master Member
 
Join Date: Feb 2018
Posts: 3,766
Can. It's a merry go round. Just leave minimum of $1k in SC esaver to avoid fall below fee
Actually based on current rates Maybank isavvy is better than esaver for smaller amount. eg 55k esaver is 1.9% while Maybank isavvy is 2% for all amounts.

Also Maybank current cycle is Jul to Aug so new cycle starts 1 Sep. Esaver current cycle Aug to Sep.

And esaver min sum $1000, Maybank isavvy $500.

Those interested should wait for Maybank to release rates for Sep to Oct on 1 Sep.
vsvs24 is offline   Reply With Quote
Old 28-08-2019, 10:26 AM   #5794
Supremacy Member
 
testingabc's Avatar
 
Join Date: Sep 2013
Posts: 9,149
Actually based on current rates Maybank isavvy is better than esaver for smaller amount. eg 55k esaver is 1.9% while Maybank isavvy is 2% for all amounts.

Also Maybank current cycle is Jul to Aug so new cycle starts 1 Sep. Esaver current cycle Aug to Sep.

And esaver min sum $1000, Maybank isavvy $500.

Those interested should wait for Maybank to release rates for Sep to Oct on 1 Sep.
This seems to be a very good idea but still need to create an account to merry-go-round with. Can I know when is the best to create this account? 31st august or 1st sep? Thanks..
__________________
iCatch CCTV Help / CIMB Fastsaver Referral / Sing Life Referral
PM me if needed
testingabc is offline   Reply With Quote
Old 28-08-2019, 10:28 AM   #5795
Senior Member
 
Join Date: Jul 2005
Posts: 1,442
You can open a Maybank iSavvy and a iSavvy-islamic account under your own name and transfer the sums from one to the other (better through a different account) every 2 months. Might have to open on 30th or 31st Aug since 1 Sep is a Sunday. Don’t put more than $500 into the account before 1 Sep.

This seems to be a very good idea but still need to create an account to merry-go-round with. Can I know when is the best to create this account? 31st august or 1st sep? Thanks..
shpesft is offline   Reply With Quote
Old 28-08-2019, 10:47 AM   #5796
Master Member
 
Join Date: Feb 2018
Posts: 3,766
You can open a Maybank iSavvy and a iSavvy-islamic account under your own name and transfer the sums from one to the other (better through a different account) every 2 months. Might have to open on 30th or 31st Aug since 1 Sep is a Sunday. Don’t put more than $500 into the account before 1 Sep.
My opinion : May be better to open after the rates of Sep to Oct is released on 1 or 2 Sep. Just in case rates drop (touchwood) then can decide whether to go ahead to open account. If open on 2 Sep Mon, lose some interest better than to do the work to open account and regret later.
vsvs24 is offline   Reply With Quote
Old 28-08-2019, 02:10 PM   #5797
Senior Member
 
Join Date: Oct 2017
Posts: 716
Actually based on current rates Maybank isavvy is better than esaver for smaller amount. eg 55k esaver is 1.9% while Maybank isavvy is 2% for all amounts.

Also Maybank current cycle is Jul to Aug so new cycle starts 1 Sep. Esaver current cycle Aug to Sep.

And esaver min sum $1000, Maybank isavvy $500.

Those interested should wait for Maybank to release rates for Sep to Oct on 1 Sep.
Thanks for sharing! May I know which account do you merry go round with?
Buzy_bee is offline   Reply With Quote
Old 28-08-2019, 02:28 PM   #5798
Senior Member
 
Join Date: Nov 2005
Posts: 535
You can open a Maybank iSavvy and a iSavvy-islamic account under your own name and transfer the sums from one to the other (better through a different account) every 2 months. Might have to open on 30th or 31st Aug since 1 Sep is a Sunday. Don’t put more than $500 into the account before 1 Sep.
just wondering if i were to ever go to the counter for any transaction and the staff sees that i have an Islamic account and i look like a chinese, would they question me?

update: ok i just tested their online account opening, there is no option to open an isavvy islamic account, only the normal isavvy, and duplicate accounts are not allowed

Last edited by luvpraline; 28-08-2019 at 02:35 PM..
luvpraline is offline   Reply With Quote
Old 28-08-2019, 02:53 PM   #5799
Senior Member
 
Join Date: Jul 2005
Posts: 1,442
No issues. I’ve opened the Islamic account before for Maybank and CIMB without any issues, though some CSOs are unaware that the iSavvy higher interest promotion applies for the iSavvy-Islamic account as well.

The Islamic account has to be opened at Maybank branches. Cannot do online.

just wondering if i were to ever go to the counter for any transaction and the staff sees that i have an Islamic account and i look like a chinese, would they question me?

update: ok i just tested their online account opening, there is no option to open an isavvy islamic account, only the normal isavvy, and duplicate accounts are not allowed
yantao and luvpraline like this.
shpesft is offline   Reply With Quote
Old 28-08-2019, 05:35 PM   #5800
Master Member
 
DontTouchMe's Avatar
 
Join Date: May 2018
Posts: 4,190
this actually depends how much is in your uob stash, if there is 100k in your uob stash is only 1% interest, even if citibank maxigain at counter 1 you still get 0.7x1.88(current sibor rate)+0.1 which is still more than uob stash.
Yes I just found out also. I applied for stash account then saw on the website they put "Next 100 000". I read it as 100k

already open MaxiGain and was told that I have citiCC so I start at counter 3.
DontTouchMe is offline   Reply With Quote
Old 28-08-2019, 06:10 PM   #5801
Master Member
 
Join Date: Feb 2018
Posts: 3,766
Yes I just found out also. I applied for stash account then saw on the website they put "Next 100 000". I read it as 100k

already open MaxiGain and was told that I have citiCC so I start at counter 3.
Always wondered why anyone would want to open stash. UOB One better.

You mean if have Citibank credit card start at counter 3 ? First time hear this.
vsvs24 is offline   Reply With Quote
Old 28-08-2019, 06:10 PM   #5802
Senior Member
 
Join Date: Aug 2007
Posts: 1,364
Yes I just found out also. I applied for stash account then saw on the website they put "Next 100 000". I read it as 100k

already open MaxiGain and was told that I have citiCC so I start at counter 3.
Citi credit card holder can get accelerate starting counter? I didn't get it.
vddgnd is online now   Reply With Quote
Old 28-08-2019, 08:19 PM   #5803
Master Member
 
DontTouchMe's Avatar
 
Join Date: May 2018
Posts: 4,190
Always wondered why anyone would want to open stash. UOB One better.

You mean if have Citibank credit card start at counter 3 ? First time hear this.
yeah i think i didn’t read carefully, not sure what to do with that account now

the problem is i don’t have salary credit and i don’t use UOB card
DontTouchMe is offline   Reply With Quote
Old 28-08-2019, 08:20 PM   #5804
Master Member
 
DontTouchMe's Avatar
 
Join Date: May 2018
Posts: 4,190
Citi credit card holder can get accelerate starting counter? I didn't get it.
that’s what the person opening my account told me. she said it’s a promotion until october but i can’t seems to find anything online.

might need to wait for next month statement to confirm
DontTouchMe is offline   Reply With Quote
Old 28-08-2019, 09:54 PM   #5805
Supremacy Member
 
testingabc's Avatar
 
Join Date: Sep 2013
Posts: 9,149
yeah i think i didnít read carefully, not sure what to do with that account now

the problem is i donít have salary credit and i donít use UOB card
For me i cannot fulfill salary credit so I got a CIMB Fastsaver account 1% fuss free for cash that I will used, while cash that I don't used will be at Citibank Maxigain and CIMB fixed deposit. I personally feel CIMB fastsaver is definitely better than UOB stash in the sense it's fuss free.
__________________
iCatch CCTV Help / CIMB Fastsaver Referral / Sing Life Referral
PM me if needed
testingabc 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