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Citibank Maxigain Savings Account

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Old 02-12-2019, 03:10 PM   #6826
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One tip for those who got credit card with them. You can request cso to transfer the unposted interest to your credit card account when you are closing the maxigain
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Old 02-12-2019, 03:12 PM   #6827
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System seems to be back to normal. Managed to trfr out $100k without issue
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Old 02-12-2019, 03:13 PM   #6828
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However you can workout the percentage as $36.98 out of that $15,000 remaining balance
That calculation is flawed, because you're keeping $15k in there to avoid a $15 fall below fee. The percentage of return for that is about ~1.17%p.a.
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Old 02-12-2019, 03:13 PM   #6829
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One tip for those who got credit card with them. You can request cso to transfer the unposted interest to your credit card account when you are closing the maxigain
You mean the unposted sibor and step up bonus interest?

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Old 02-12-2019, 03:13 PM   #6830
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I got assigned a new RM
Just called me and told me got FD with better rates.. but need meetup for discussion
How ah?
i believe need to tie in to some long term saving plan to get the FD rates..
let us know the outcome.
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Old 02-12-2019, 03:14 PM   #6831
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One tip for those who got credit card with them. You can request cso to transfer the unposted interest to your credit card account when you are closing the maxigain
anyone else can confirm?
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Old 02-12-2019, 03:17 PM   #6832
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anyone else can confirm?
just call in (65) 6225 5225
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Old 02-12-2019, 03:22 PM   #6833
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i do not think he meant closing account. he simply mentioned withdrawal of all cash. the opportunity cost of laying your 150k-$15 in the account for Dec.
Yup. The post I was replying to isspecifically asking about transferring out everything
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Old 02-12-2019, 03:28 PM   #6834
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i believe need to tie in to some long term saving plan to get the FD rates..
let us know the outcome.
Yep will update here again
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Old 02-12-2019, 03:30 PM   #6835
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That calculation is flawed, because you're keeping $15k in there to avoid a $15 fall below fee. The percentage of return for that is about ~1.17%p.a.
Ok still much less than iSavvy of 2.1%. no reason to keep the account then
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Old 02-12-2019, 03:31 PM   #6836
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already shared in jan can call cso for waiver and close the acct, so just leave $1 and withdraw everything now route to esaver or maybank isavy, then wait for end dec int and close in jan.

i have learnt based on past observation if all experts here are doing same thing, then just need follow, thats for me though
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Old 02-12-2019, 03:33 PM   #6837
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Yup. The post I was replying to isspecifically asking about transferring out everything
you can transfer out everything, and pay the $15 fall below fee.
for some it is still better to transfer all out if you can earn more with that money.
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Old 02-12-2019, 03:34 PM   #6838
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I got assigned a new RM
Just called me and told me got FD with better rates.. but need meetup for discussion
How ah?
Dont bother, they will tie you up with some 4% equities/bonds retirement plan... Hahahah with annual management fee of 1.4% and commission....
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Old 02-12-2019, 03:39 PM   #6839
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Dont bother, they will tie you up with some 4% equities/bonds retirement plan... Hahahah with annual management fee of 1.4% and commission....
Ahh.. seems like those typical insurance sales pitch
Sian.. like tt i prob transfer to UOB/cimb FD at 1.7% / 1.8% return p.a. better
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Old 02-12-2019, 03:48 PM   #6840
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Guys, is it right that I can zero my account once my bonus interests is credited?
And thereafter close it at the branch w/o any penalty?
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