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Citibank Maxigain Savings Account

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Old 15-01-2020, 02:01 PM   #7336
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I am a Citi user- As big banks, Citibank and Chase have to maintain the big costs of having thousands of branches, ATMs and employees. While this makes for a good physical banking experience, both banks' interest rates take a hit as a result. ... While both banks have lower interest rates, Citibank does offer slightly higher rates.
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Old 15-01-2020, 02:09 PM   #7337
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This is true, cash is always needed, but I won't spend too much effort to chase the highest possible interest. Better focus time on other things that is more productive.
I agree. Used to want cash of 225k uob dbs and maxigain for max int obtainable. After the stunt from citi, i just keep max cash available in uob and dbs

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Old 15-01-2020, 02:37 PM   #7338
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I agree. Used to want cash of 225k uob dbs and maxigain for max int obtainable. After the stunt from citi, i just keep max cash available in uob and dbs

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It's not a stunt. It's a norm. Bank's interest rate are bound to change.
Even DBS multiplier also changed here and there.
UOB will change too. Nothing last forever.
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Old 15-01-2020, 07:45 PM   #7339
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I withdraw and put part of the money in CPF under voluntary contribution.
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Old 16-01-2020, 09:57 AM   #7340
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I withdraw and put part of the money in CPF under voluntary contribution.
This one >2%? Can you retrieve the amount if you need it for education, renovation, or other expenses?
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Old 16-01-2020, 10:54 AM   #7341
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Interest rates surely dropping below 1% in next few years if not by next year. If really want to look for yield, should do SSB, at least can fix for 10 yearS.
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Old 16-01-2020, 11:01 AM   #7342
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currently have 150k still inside maxigain. not sure where to put it still.
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Old 16-01-2020, 11:24 AM   #7343
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currently have 150k still inside maxigain. not sure where to put it still.
Limited Tranche, if you dont mind getting lock in 3 years.


I put 70K inside OCBC 360 though.
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Old 16-01-2020, 12:28 PM   #7344
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currently have 150k still inside maxigain. not sure where to put it still.
You can read the comments below for option, for me I put most of my money to Maybank isavvy and isavvy-I musical chair as it has high liquidity and decent interest rates 1.9%
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Old 16-01-2020, 03:09 PM   #7345
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Interest rates surely dropping below 1% in next few years if not by next year. If really want to look for yield, should do SSB, at least can fix for 10 yearS.
SSB is more for risk-adverse ppl. there's definitely much better value elsewhere. no risk no gain, there must be a trade off somewhere.
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Old 17-01-2020, 09:06 AM   #7346
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Those with just maxigain account... Once you closed the account you won't be able to log in to iBanking anymore?

Wanted to log in to see if my account is closed successfully but can't log in. Error says unable to process my request.
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Old 17-01-2020, 09:10 AM   #7347
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Those with just maxigain account... Once you closed the account you won't be able to log in to iBanking anymore?

Wanted to log in to see if my account is closed successfully but can't log in. Error says unable to process my request.
True for me. I believe that happens when last account of a bank is closed.
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Old 17-01-2020, 09:15 AM   #7348
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True for me. I believe that happens when last account of a bank is closed.
Ok. It's finally closed after about 2 weeks from my request. Did you received any letter saying that account have been closed?
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Old 17-01-2020, 04:53 PM   #7349
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True for me. I believe that happens when last account of a bank is closed.
Maybe Citibank has the policy to close ibanking as well.

UOB no account no nothing still can login to ibanking.
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Old 17-01-2020, 05:54 PM   #7350
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Those with just maxigain account... Once you closed the account you won't be able to log in to iBanking anymore?

Wanted to log in to see if my account is closed successfully but can't log in. Error says unable to process my request.
how about if still have cc with citi?
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