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Citibank Maxigain Savings Account

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Old 03-12-2019, 09:48 AM   #6901
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i think due to HK, many new fund coming to international company, so they have no worry to reduce the rate........as they might have surplus fund now.

that was in my mind too - i hope new hk fund also divert to other bank like hsbc instead of citibank but doubt so.
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Old 03-12-2019, 09:55 AM   #6902
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Oh well they at least made other banks happy. Maybank, SCB etc......

Citiís CASA and deposit ratio will probably be impacted by this badly timed move
Nah. Citi relies more on business deposits than retail
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Old 03-12-2019, 10:38 AM   #6903
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iSavvy is a fixed deposit account right? The interest can be withdrawn every month?
Not a fixed deposit account.

It is an online savings account (similar to SCB eSaver account) where credited interests can be withdrawn any time.

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Last edited by znltan; 03-12-2019 at 11:45 AM..
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Old 03-12-2019, 10:40 AM   #6904
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iSavvy is a fixed deposit account right? The interest can be withdrawn every month?
iSavvy is not a fixed deposit account. Read here for more details.

Basically I was taught to open 2 iSavvy accounts; iSavvy and iSavvy-I (Islamic account) but need to leave $500 in each account. After every cycle of promotion, transfer the funds from Account A to 3rd bank and transfer back to Account B to start new promotion. You can transfer the interest out too.

Expert here pls correct me if I'm wrong!
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Old 03-12-2019, 10:52 AM   #6905
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If today open isavvy and throw 75k funds can work towards the 2.1% ?
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Old 03-12-2019, 10:58 AM   #6906
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iSavvy is not a fixed deposit account. Read here for more details.

Basically I was taught to open 2 iSavvy accounts; iSavvy and iSavvy-I (Islamic account) but need to leave $500 in each account. After every cycle of promotion, transfer the funds from Account A to 3rd bank and transfer back to Account B to start new promotion. You can transfer the interest out too.

Expert here pls correct me if I'm wrong!
Hi for the 2 x $500 left in each isavvy and isavvy-i account, what interest does it get?
Thanks
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Old 03-12-2019, 11:03 AM   #6907
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If today open isavvy and throw 75k funds can work towards the 2.1% ?
against the average daily balance in August 2019, so is yes.
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Old 03-12-2019, 11:10 AM   #6908
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Can imagine the frustration and anxiety.

After verifying, did Citibank say what they are going to do ?
they say they will contact me and ytd they give me a call say no update. Have to wait for today call again.



What a BS, just get my $1000 back asap!
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Old 03-12-2019, 11:13 AM   #6909
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Please report to MAS. this is a serious failure.
How to report sia, the entire transaction list for Dec 1 is super long.


And I need to provide OCBC receiving statement as well.


Which mean i may have to physically head down to MAS to lodge a official report.
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Old 03-12-2019, 11:28 AM   #6910
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You guys are so lucky. I am stuck with this missing $1000 case and end up i cannot close my acct!

Not to mention the leave i wasted plus the opportunity cost i lost with the delay of investigation
Maybe try this:

If closing account is important to you, just insist on that.
The missing $1000 is Citi system problem and don't know how long they take to investigate. Just argue that why should u wait for investigation to complete (don't know wait how many days) through no fault of yours.

Once investigation completed, Citi can reimburse the $1000 or whatever deficit (include interest hor... just to be anal about it) through other means, like sending u a cheque.
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Old 03-12-2019, 11:30 AM   #6911
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Maybe try this:

If closing account is important to you, just insist on that.
The missing $1000 is Citi system problem and don't know how long they take to investigate. Just argue that why should u wait for investigation to complete (don't know wait how many days) through no fault of yours.

Once investigation completed, Citi can reimburse the $1000 or whatever deficit (include interest hor... just to be anal about it) through other means, like sending u a cheque.
The thing is that I also want them to return me the $1000 as soon as possible. I dont want to give the impression I close the account and that since I am no longer a customer they can take longer to reimburse me.
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Old 03-12-2019, 11:43 AM   #6912
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just inform the relationship manager that you will give them 3 day to investigate after that u will make a police report and submit to MAS.

sound really pathetic missing a 1k error ?
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Old 03-12-2019, 11:45 AM   #6913
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just inform the relationship manager that you will give them 3 day to investigate after that u will make a police report and submit to MAS.

sound really pathetic missing a 1k error ?
I will give them until this weekend to sort out their rubbish.


I dont have to time to make reports and go MAS on weekday this week. Too busy.
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Old 03-12-2019, 11:46 AM   #6914
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You guys are so lucky. I am stuck with this missing $1000 case and end up i cannot close my acct!

Not to mention the leave i wasted plus the opportunity cost i lost with the delay of investigation
Did you nett off the reversed fast transfers?
e.g. 10x1k fast transfer outward, 1x1k fast transfer (rev)
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Old 03-12-2019, 12:30 PM   #6915
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Swee!!! Gonna open one soon

Not a fixed deposit account.

It is an online savings account (similar to SCB eSaver account) where credited interests can be withdrawn any time.

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