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Citibank Maxigain Savings Account

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Old 26-09-2019, 10:43 PM   #5941
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What is trust and client accounts? Personally I feel quite OK one la. Imagine all big banks close, can die lei
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Old 26-09-2019, 10:47 PM   #5942
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Knn. OCBC RM really sleeping. Look at illustration 3

https://www.sdic.org.sg/calc/di_calc
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Old 26-09-2019, 10:58 PM   #5943
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What is trust and client accounts? Personally I feel quite OK one la. Imagine all big banks close, can die lei
Trust account is a legal arrangement through which funds or assets are held by a third party (the trustee) for the benefit of another party (the beneficiary), which may be an individual or a group.

Client Account means any account for which the Firm provides services, including investment advice and investment decisions.
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Old 27-09-2019, 04:18 PM   #5944
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Strange, why ocbc premier banking told me otherwise. Lol! Nowadays RM all cannot trust
Knn. OCBC RM really sleeping. Look at illustration 3

https://www.sdic.org.sg/calc/di_calc
Hi htngwilliam,

Sorry to learn that you were wrongly advised by our colleague. Could you drop us a private message with more details? We would like to look into the issue.

^DG
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Old 28-09-2019, 01:12 PM   #5945
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Aiya. Very difficult la. All the RM use mouth to say. It is my words vs the RM. Being one OCBC, you will choose to believe your own staff. I pm u in the end waste my time to wayang with each other.
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Old 28-09-2019, 01:25 PM   #5946
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Aiya. Very difficult la. All the RM use mouth to say. It is my words vs the RM. Being one OCBC, you will choose to believe your own staff. I pm u in the end waste my time to wayang with each other.
It is all based on the fact of what SDIC covers, not what OCBC staff say.
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Old 28-09-2019, 06:22 PM   #5947
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how much is the interest in 13th month? assuming always above 70k and always got money deposited month.

back to 0.1% or stays 1.2%
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Old 28-09-2019, 07:14 PM   #5948
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how much is the interest in 13th month? assuming always above 70k and always got money deposited month.

back to 0.1% or stays 1.2%
Counter will stays at 12, bonus interest will be at 1.2 percent while base interest will be 70% of the current Sibor rate.
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Old 28-09-2019, 10:03 PM   #5949
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Counter will stays at 12, bonus interest will be at 1.2 percent while base interest will be 70% of the current Sibor rate.
Sibor is now 1.8? Which means likely the interest will be 2.6%. Like one of the highest around
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Old 28-09-2019, 10:50 PM   #5950
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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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To confirm, can one person hold a personal and joint maxigain account concurrently, and still qualify for the stated interest rates?
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Old 28-09-2019, 10:53 PM   #5951
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Yes. You can hold one personal and one joint account with another person. Both can earn the higher interest rates but are not linked (the counter for the personal and joint accounts are separate and have to be built up separately)

To confirm, can one person hold a personal and joint maxigain account concurrently, and still qualify for the stated interest rates?
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Old 28-09-2019, 11:58 PM   #5952
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Sibor is now 1.8? Which means likely the interest will be 2.6%. Like one of the highest around
Yes it's one of the highest around without doing anything, but the catch is you have to reach counter 12 (put minimum 15k for a year to reach full potential).
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Old 29-09-2019, 12:08 AM   #5953
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Thanks!!!!!!!
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Old 29-09-2019, 12:10 AM   #5954
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Yes it's one of the highest around without doing anything, but the catch is you have to reach counter 12 (put minimum 15k for a year to reach full potential).
Even at counter 0, sibor 1mth is at 1.8% now, which makes maxigain interest 1.3%. If have $70k to put in, it's quite a good deal
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Old 29-09-2019, 07:32 AM   #5955
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My only worry is citibank is an aggressive bank. Higher interest for savings and higher interests for loans. A few person I know get more than $100k for their credit limit.
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