HWZ Forums

Login Register FAQ Mark Forums Read

Citibank Maxigain Savings Account

Like Tree593Likes
Reply
 
LinkBack Thread Tools
Old 22-11-2019, 05:04 PM   #6406
Master Member
 
Join Date: Nov 2005
Posts: 2,677
Awhile since i step in and i read last few pages of the thread. People are talking about closing account. The new rule sucks?
droozy is offline   Reply With Quote
Old 22-11-2019, 05:06 PM   #6407
Senior Member
 
Join Date: Jan 2013
Posts: 1,385
Depend how much u have 15k or 150k.. .if 15k below go for CIMB 1% or else try hsbc 3.88% if 150k.

Hope that help for sharing.

Let us know if u got lobang

approx 100k, can share more on hsbc 3.88% ?
Current 1 years FD are ard 1.7% to 1.88%
For4Eyes is offline   Reply With Quote
Old 22-11-2019, 05:07 PM   #6408
Senior Member
 
Join Date: Nov 2010
Posts: 567
And i thought informing via monthly statement is bad enough with just 1 month notice.

Just received hardcopy letter informing of the revised changes, technically 2 weeks notice
DenOOO is offline   Reply With Quote
Old 22-11-2019, 05:11 PM   #6409
Senior Member
 
merlot6230's Avatar
 
Join Date: Jan 2005
Posts: 647
approx 100k, can share more on hsbc 3.88% ?
Current 1 years FD are ard 1.7% to 1.88%
Google hsbc ...their gimmick is 6% but actually is 1.88%+2%=3.88% only ...someone mention slow in reimbursement credit to account.
merlot6230 is offline   Reply With Quote
Old 22-11-2019, 07:05 PM   #6410
Member
 
s0lidus1980's Avatar
 
Join Date: Dec 2006
Posts: 187
HSBC since when got 3.88%
What terms and conditions?

Can be more specific? google hsbc never say leh.
thinking of switching to MayBank too 1.88% or CIMB
__________________
ハーマン
s0lidus1980 is offline   Reply With Quote
Old 22-11-2019, 07:31 PM   #6411
Member
 
Join Date: Nov 2005
Posts: 348
Google hsbc ...their gimmick is 6% but actually is 1.88%+2%=3.88% only ...someone mention slow in reimbursement credit to account.
Hi, where did you get the 1.88% from? i saw only 2% base + 1% if u can convert $5,000 in FX + 2% if spend $800 every month on their card

promotion for 3 months only
luvpraline is online now   Reply With Quote
Old 22-11-2019, 10:20 PM   #6412
Supremacy Member
 
swathe's Avatar
 
Join Date: Feb 2001
Posts: 7,321
Any recommendation for $200k+?
huitay likes this.
swathe is offline   Reply With Quote
Old 22-11-2019, 10:40 PM   #6413
Senior Member
 
Guojing88's Avatar
 
Join Date: Feb 2004
Posts: 1,398
Oh ya, think its based on new 0.6% liao. Think I will put min. in Dec and close in Jan then.
So withdraw everything except 15k in Dec 2nd, and close the account after the end of Dec?
Guojing88 is offline   Reply With Quote
Old 23-11-2019, 02:54 AM   #6414
Supremacy Member
 
testingabc's Avatar
 
Join Date: Sep 2013
Posts: 7,630
Any recommendation for $200k+?
i dont have $200K but if I have probably will go for Maybank iSavvy with a cashier order?
__________________
Specialize in iCatch CCTV
testingabc is offline   Reply With Quote
Old 23-11-2019, 02:55 AM   #6415
Supremacy Member
 
testingabc's Avatar
 
Join Date: Sep 2013
Posts: 7,630
So withdraw everything except 15k in Dec 2nd, and close the account after the end of Dec?
me counter 6 only can withdraw everything on dec 2nd? or better to keep until jan 2nd? Thanks in advance.
__________________
Specialize in iCatch CCTV
testingabc is offline   Reply With Quote
Old 23-11-2019, 10:01 AM   #6416
Supremacy Member
 
swathe's Avatar
 
Join Date: Feb 2001
Posts: 7,321
i dont have $200K but if I have probably will go for Maybank iSavvy with a cashier order?
iSavvy will last just December and need to hunt again.
swathe is offline   Reply With Quote
Old 24-11-2019, 12:29 AM   #6417
Member
 
Join Date: May 2017
Posts: 236
So withdraw everything except 15k in Dec 2nd, and close the account after the end of Dec?
I think the best optimization would be to withdraw everything except the minimum on 1 Dec 2019. If you withdraw on 2 Dec 2019, you would lose 1 day of interest if you deposit the withdrawn money elsewhere on 1 Dec 2019 to earn interest.

If you decide to close the account, close it on 2 Jan 2020 because 1 Jan 2020 is a public holiday.
Han Shot First is offline   Reply With Quote
Old 24-11-2019, 02:27 AM   #6418
Senior Member
 
Join Date: Feb 2018
Posts: 2,319
I think the best optimization would be to withdraw everything except the minimum on 1 Dec 2019. If you withdraw on 2 Dec 2019, you would lose 1 day of interest if you deposit the withdrawn money elsewhere on 1 Dec 2019 to earn interest.

If you decide to close the account, close it on 2 Jan 2020 because 1 Jan 2020 is a public holiday.
1 Dec is a Sunday.
vsvs24 is online now   Reply With Quote
Old 24-11-2019, 02:58 AM   #6419
Member
 
Join Date: May 2017
Posts: 236
1 Dec is a Sunday.
I think you are refering to depositing cash into Citibank on a Sunday could be a problem e.g. not getting interest (from Citibank) for Sunday.

However, the situation is withdrawing cash from Citibank. If the receiving financial institution does pay interest for cash deposited on Sunday, then who cares about Citibank? Afterall, Citibank is screwing all their MaxiGain customers with their new changes to the MaxiGain Account.
Han Shot First is offline   Reply With Quote
Old 24-11-2019, 06:25 AM   #6420
Senior Member
 
Join Date: Feb 2018
Posts: 2,319
I think you are refering to depositing cash into Citibank on a Sunday could be a problem e.g. not getting interest (from Citibank) for Sunday.

However, the situation is withdrawing cash from Citibank. If the receiving financial institution does pay interest for cash deposited on Sunday, then who cares about Citibank? Afterall, Citibank is screwing all their MaxiGain customers with their new changes to the MaxiGain Account.
Fast transfer out from Citibank to another bank on 1 Dec will have value date 2 Dec since 1 Dec is Sunday. So will earn interest in new bank on 2 Dec. You expect people to withdraw in cash instead of doing Fast transfer ?
vsvs24 is online now   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