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Citibank Maxigain Savings Account

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Old 15-09-2019, 12:37 PM   #5896
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I am curious too - $0 in the joint account. Anyone has any idea? Thanks!
$0 counter will grow meh?
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Old 15-09-2019, 07:35 PM   #5897
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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?
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Old 16-09-2019, 08:02 AM   #5898
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70k for 1 year the 2.5% is guaranteed?
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Old 16-09-2019, 08:41 AM   #5899
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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
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Old 16-09-2019, 09:22 AM   #5900
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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..
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Old 16-09-2019, 09:59 AM   #5901
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may i know if i want to start the high interest deposit for oct, i need to deposit by 30/9?
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Old 16-09-2019, 12:48 PM   #5902
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may i know if i want to start the high interest deposit for oct, i need to deposit by 30/9?
1/10 is fine.
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Old 16-09-2019, 03:25 PM   #5903
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if i have less than 70k, what is the interest am i getting? is it only the bonus interest (starting from 0.1%) and dont hv the base interest which is linked to the sibor?

i started with 70k have been stepping up and now is Month 8. But now i need to urgently withdraw most of the funds. so i will drop to Month 6 (i.e. 0.6%) interest?
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Old 18-09-2019, 12:32 PM   #5904
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Hi guys, just wondering if I'm at counter 12 and with 150k saved in this account, will my counter drop if I transfer the interest out and leave only 150k in the account? Will I still be getting base interest plus max counter interest?
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Old 18-09-2019, 12:34 PM   #5905
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Can withdraw interest without any drop in counters. You will still get both base and 12 counter interest

Hi guys, just wondering if I'm at counter 12 and with 150k saved in this account, will my counter drop if I transfer the interest out and leave only 150k in the account? Will I still be getting base interest plus max counter interest?
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Old 18-09-2019, 12:56 PM   #5906
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Can withdraw interest without any drop in counters. You will still get both base and 12 counter interest
Thanks for the info!
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Old 18-09-2019, 01:32 PM   #5907
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Can withdraw interest without any drop in counters. You will still get both base and 12 counter interest
But only within one month of it being credited.
if you leave it to the following month, withdrawing it will cause you to lose 6 counters.
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Old 20-09-2019, 01:26 AM   #5908
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let say i put 70k can I wait until 1 year to withdraw the interest of $1.8k?
or must withdraw interest every month?
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Old 20-09-2019, 02:39 AM   #5909
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let say i put 70k can I wait until 1 year to withdraw the interest of $1.8k?
or must withdraw interest every month?
Yes, you can wait until 1 year to withdraw the interest of ~$1.8k

(There is no restriction that prevents you from doing so - but your counter will drop by 6 if you do so...)

Is this account *really* that difficult to understand?
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Old 20-09-2019, 10:43 PM   #5910
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Yes, you can wait until 1 year to withdraw the interest of ~$1.8k

(There is no restriction that prevents you from doing so - but your counter will drop by 6 if you do so...)

Is this account *really* that difficult to understand?
Its really not difficult at all. My mum has 2 joint accounts with me and my bro everymonth take back approx $300 x 2 she see until very gain that she went to open 1 personal one herself. LoL

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