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Citibank Maxigain Savings Account

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Old 25-09-2019, 08:30 AM   #5926
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Arenít u protected by the Govt for 100k deposit? Unless u put more than this amount in ur total deposit in different accounts with this bank.
Protected by SDIC $75k per bank
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Old 25-09-2019, 11:03 AM   #5927
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Protected by SDIC $75k per bank
$75k per bank per person. Those with 150k if scared can open joint account. 2 person covered 75k each just nice 150k.
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Old 25-09-2019, 12:53 PM   #5928
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...and those with single and joint account must be very scared.
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Old 25-09-2019, 01:45 PM   #5929
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...and those with single and joint account must be very scared.
I will be very scare if the bank i deposit my money in is offering 10-20% pa interest
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Old 25-09-2019, 03:02 PM   #5930
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CitibanK scary also leh.
So many branches closed down.
Put more than 70k, later they uplorry how lol
wah like that still safe to put or not?
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Old 25-09-2019, 08:55 PM   #5931
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SDIC guarantee $75k. If u have more than $75k then scare
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Old 25-09-2019, 10:46 PM   #5932
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SDIC guarantee $75k. If u have more than $75k then scare
Got more than 75k, thats why scare n ask. If not, won't ask at all.
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Old 25-09-2019, 10:56 PM   #5933
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Got more than 75k, thats why scare n ask. If not, won't ask at all.
better be scared and take out all your money put in khong guan biscuit under your bed

even if 75k is insured, as it has never happened before, no one really knows what will happen if really all the money gg...

like maybe you will still get back the insured 75k but who knows how long the queue may be and how long you have to wait

so keep cold hard cash under your bed safest if scared bank collapse
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Old 25-09-2019, 11:42 PM   #5934
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Got more than 75k, thats why scare n ask. If not, won't ask at all.
maybe taking out the spares to Maybank iSavvy/SCB Esaver or CIMB Fastsaver/Fixed D?
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Old 26-09-2019, 04:34 PM   #5935
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For joint accounts, SDIC will split funds in the joint account evenly unless there are records showing differently. Each account holder's share is then combined with his or her own accounts and the total amount of insured deposits is then covered up to S$75,000. For example, if you and your husband have a joint account with S$70,000, and you have a separate account of S$60,000, your total deposits of S$95,000 will be covered to the maximum of S$75,000.

Better make sure the joint account's other owner has got no funds in the same bank if maxing at 75k.
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Old 26-09-2019, 04:37 PM   #5936
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So is it $75K per person per bank?
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Old 26-09-2019, 04:39 PM   #5937
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So is it $75K per person per bank?
Yes, deposits will be covered up to S$75,000 for each bank.

Per person and not per account.
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Old 26-09-2019, 05:23 PM   #5938
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Yes, deposits will be covered up to S$75,000 for each bank.

Per person and not per account.
Noted. Thank u so much
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Old 26-09-2019, 07:04 PM   #5939
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Yes, deposits will be covered up to S$75,000 for each bank.

Per person and not per account.
Strange, why ocbc premier banking told me otherwise. Lol! Nowadays RM all cannot trust
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Old 26-09-2019, 09:47 PM   #5940
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Strange, why ocbc premier banking told me otherwise. Lol! Nowadays RM all cannot trust
Only trust and client accounts are separately insured on a per account basis.

That's why must do homework, Citibank RM told me withdraw interest from maxigain will cause counter to drop

Last edited by DenOOO; 26-09-2019 at 09:51 PM..
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