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Citibank Maxigain Savings Account

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Old 01-10-2019, 11:37 PM   #5971
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Just realised that my FAST transfer to Maxigain on 1st Sept (a Sunday) has a valuation date of 2nd Sept although I did the transfer on 1st Sept. Has anyone experienced this too? Lesson learned - don't transfer on the 1st if it is a Sunday...
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Old 02-10-2019, 12:27 AM   #5972
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Just realised that my FAST transfer to Maxigain on 1st Sept (a Sunday) has a valuation date of 2nd Sept although I did the transfer on 1st Sept. Has anyone experienced this too? Lesson learned - don't transfer on the 1st if it is a Sunday...
Basically, you lose out on your bonus interest for the month.
This also happens if the transfer is made on a public holiday.

This is why I make it a point to top-up the account on the last day of the month instead, so I don't have to worry if the 1st is a weekend or public holiday.
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Old 02-10-2019, 06:54 AM   #5973
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It’s best to top up account on last working day of the previous month. If it’s a long weekend with PH, last day of the previous month might not be credited into account on time
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Old 02-10-2019, 08:15 AM   #5974
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Yes maxigain has this date issue. Always check and best to do on business day
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Old 02-10-2019, 09:00 AM   #5975
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Anyone knows if there's still the top up promotion going on? Can just call the bank to be assigned to a RM to do it?
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Old 15-10-2019, 04:35 PM   #5976
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Latest SIBOR rate for Oct 2019

Newbie to Citibank Maxigain, may I know where to check the 1-month SIBOR rate for October 2019?

If possible, please guide me with specific instructions where to extract this latest SIBOR rate, thank you all
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Old 15-10-2019, 05:20 PM   #5977
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Newbie to Citibank Maxigain, may I know where to check the 1-month SIBOR rate for October 2019?

If possible, please guide me with specific instructions where to extract this latest SIBOR rate, thank you all
You can check at abs.org. Current Sibor rate is 1.87 for the month September 2019
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Old 15-10-2019, 05:25 PM   #5978
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thank you, testingabc

when does the latest 1-Month SIBOR for the month gets updated?

Last edited by ayeo99; 15-10-2019 at 05:27 PM.. Reason: forgot to ask question
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Old 15-10-2019, 07:46 PM   #5979
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thank you, testingabc

when does the latest 1-Month SIBOR for the month gets updated?
I think they updated it few weeks later if Iím not wrong.
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Old 16-10-2019, 10:03 PM   #5980
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hi all, a question
Is there a minimum sum required for maxigain to bump up the bonus interest? Understand that as long as sum in current month >= previous month, u get the 0.1%. But is there a minimum sum required?
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Old 16-10-2019, 10:35 PM   #5981
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hi all, a question
Is there a minimum sum required for maxigain to bump up the bonus interest? Understand that as long as sum in current month >= previous month, u get the 0.1%. But is there a minimum sum required?
No minimum. But issue is how to ensure the minimum balance in current month >= previous month considering the fall below fee will be incurred if balance is below $15k

Last edited by Trazora; 16-10-2019 at 10:38 PM..
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Old 19-10-2019, 02:22 PM   #5982
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No minimum. But issue is how to ensure the minimum balance in current month >= previous month considering the fall below fee will be incurred if balance is below $15k
meaning,

Sep - 70,000
Oct - 70,023 (from interest earn)

is this consider ">" previous month? or really need to have $ transfer in ?
like $1 ? $10 ? can?
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Old 19-10-2019, 02:44 PM   #5983
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If sdic is 75 k I can slowly keep the money there for another 2 years if I don't intend to top up.

Kinda the safe haven I was looking for with no extra terms unless you count the bank closing down or changing terms and conditions drastically.

I have dbs multiplier and cimb fast saver.

Also have dbs savings plus which was my first working account and SCB dash but low amounts there 500 max nia to keep from admin charges.

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Old 19-10-2019, 02:48 PM   #5984
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meaning,

Sep - 70,000
Oct - 70,023 (from interest earn)

is this consider ">" previous month? or really need to have $ transfer in ?
like $1 ? $10 ? can?
yeah can. no need to transfer in a single cent.

by the way, the counter will also grow when the balance is = previous month. does not have to be >
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Old 19-10-2019, 03:01 PM   #5985
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我有一个 maxigain account, 在 counter 12, 有 $250,000,为了 become Citi gold.

几个月前,我 opened 多一个 joint maxigain account,这个月在 counter 5。

What is the 最好 timing to 转这笔 the excess $100,000 过去这个 joint account? 这个 month or 下个month?

谢谢🙏
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