HWZ Forums

Login Register FAQ Mark Forums Read

Citibank Maxigain Savings Account

Like Tree652Likes
Reply
 
LinkBack Thread Tools
Old 12-09-2019, 12:30 PM   #5881
Junior Member
 
Join Date: Aug 2010
Posts: 13
If you put 15K you only get the bonus interest from 0.1% to 1.2%. But if you put 70K you get 1.3% to 2.5% depends on your counters. Citibank Maxigain reached its full potential when it's on counter 12 (after a year) and leaving the cash there for compound interest. Current sibor rate is around 1.88 so this month if you are on counter 12 you stand to get 0.7x1.88+1.2=2.5% (roughly)
Thanks for the information!
xfufux is offline   Reply With Quote
Old 12-09-2019, 01:00 PM   #5882
Master Member
 
Join Date: Feb 2018
Posts: 3,896
used to be 15k, now got to start with 70k
I know. But when counter is low should put the rest somewhere else.

Maybank isavvy might be a good choice now since current cycle is 4 mths. Sep to Oct 2%. Nov to Dec 2.1%.

When approaching Jan 2020, evaluate again based on circumstances then.

Last edited by vsvs24; 12-09-2019 at 01:03 PM..
vsvs24 is offline   Reply With Quote
Old 12-09-2019, 06:45 PM   #5883
Member
 
af7680's Avatar
 
Join Date: Sep 2015
Posts: 241
So far all good .

Just worry that sibor keeps going down.
af7680 is offline   Reply With Quote
Old 13-09-2019, 01:21 PM   #5884
Junior Member
 
Join Date: Aug 2010
Posts: 13
Im wondering can I open maybank isavvy account first and wait til my maxigain account hit counter 12 before I pump it to 150k?
xfufux is offline   Reply With Quote
Old 13-09-2019, 03:11 PM   #5885
Junior Member
 
Join Date: Mar 2019
Posts: 86
Im wondering can I open maybank isavvy account first and wait til my maxigain account hit counter 12 before I pump it to 150k?
Of cos you can
Jyvonchi is offline   Reply With Quote
Old 14-09-2019, 12:13 PM   #5886
Junior Member
 
Join Date: Aug 2010
Posts: 13
Of cos you can
Great thanks!
xfufux is offline   Reply With Quote
Old 14-09-2019, 06:23 PM   #5887
Senior Member
 
Join Date: Oct 2017
Posts: 733
If I have max out 150k with counter 12, Can i open another joint account with my name as the main account holder and start accumulating from $0 in the joint account with no worries about fall below fee?

Wondering about the same question. Any expert can advise?
Buzy_bee is offline   Reply With Quote
Old 14-09-2019, 07:12 PM   #5888
Master Member
 
Join Date: Feb 2018
Posts: 3,896
Im wondering can I open maybank isavvy account first and wait til my maxigain account hit counter 12 before I pump it to 150k?
You can open Maybank isavvy first while growing the Maxigain counter. But note that you must move the funds out from Maybank Isavvy on 1 Jan 2020 (leave $500 to avoid fall below fee) as the bonus interest is given for incremental balance compared to reference mth Aug 2019.
vsvs24 is offline   Reply With Quote
Old 15-09-2019, 10:50 AM   #5889
Great Supremacy Member
 
Join Date: Sep 2004
Posts: 53,419
If I have max out 150k with counter 12, Can i open another joint account with my name as the main account holder and start accumulating from $0 in the joint account with no worries about fall below fee?
Wondering about the same question. Any expert can advise?

I am curious too - $0 in the joint account. Anyone has any idea? Thanks!
saintgtril is offline   Reply With Quote
Old 15-09-2019, 12:37 PM   #5890
Senior Member
 
Join Date: Dec 2013
Posts: 1,423
I am curious too - $0 in the joint account. Anyone has any idea? Thanks!
$0 counter will grow meh?
mdax23 is online now   Reply With Quote
Old 15-09-2019, 07:35 PM   #5891
Master Member
 
Join Date: Jan 2007
Posts: 2,761
anyone here familiar with the top up promo TnCs? very confusing to me.. the pre-enrollment period is the preceding 3 months from the month of enrollment and excludes the month of enrollment.

Say that my enrollment month is Sep. This means that the pre-enrollment months will be from 1 June - 31 August?
xxxjhxxx is offline   Reply With Quote
Old 16-09-2019, 08:02 AM   #5892
Supremacy Member
 
Join Date: May 2017
Posts: 6,615
70k for 1 year the 2.5% is guaranteed?
heroking is offline   Reply With Quote
Old 16-09-2019, 08:41 AM   #5893
Junior Member
 
Join Date: Oct 2009
Posts: 82
70k for 1 year the 2.5% is guaranteed?
It's not. For more info, you can refer to the link. https://www.citibank.com.sg/global_docs/pdf/TnC_Maxigain_2019.pdf
K_E_N_L_A_W is offline   Reply With Quote
Old 16-09-2019, 09:22 AM   #5894
Banned
 
Join Date: Feb 2010
Posts: 3,881
70k for 1 year the 2.5% is guaranteed?
it will be based on 0.7percent of SIBOR + 1.2percent, so yea if Sibor is high, it can go higher than 2.5percent. If sibor goes lower than what it is current, then yea it can go lower that 2.5percent.

i just go into, https://www.abs.org.sg/rates-sibor

Seems like now 1month sibor is at 1.87633,

so its (0.7 * 1.87633) + 1.2 (assuming u hit counter 12 already) = around 2.5 percent ( the rates are calculated daily i think, so plus minus)

Last edited by jnashville; 16-09-2019 at 09:26 AM..
jnashville is offline   Reply With Quote
Old 16-09-2019, 09:59 AM   #5895
Suspended
 
Join Date: Mar 2013
Posts: 4,014
may i know if i want to start the high interest deposit for oct, i need to deposit by 30/9?
pinpinpin 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