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Citibank Maxigain Savings Account

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Old 06-03-2020, 05:55 AM   #7456
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I thot the monthly interest is only applicable if you have increment?

so for month 2 can do nothing and still can get the 1.7x% interest?
Even if you make withdrawals but still keeping minimum $10k, you will get 1.75% interest
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Old 06-03-2020, 01:59 PM   #7457
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so the incremental is only with respective with Month 0, and can earn 1.75% interest for 2 straight months (month 1 and month 2)?
day 1 of Month 3 move out to the other Savvy and repeat cycle ?
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Old 06-03-2020, 05:41 PM   #7458
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Yes you are right. But if you are new, open 1 out of the 2 accounts first. Next cycle then open the other. For example,

1st day of month 1: Open isavvy, put all your funds into it.
1st day of month 3: Open isavvy-i, Withdraw money from isavvy leaving $500 to POSB/DBS/any middle bank then to isavvy-i
Any of the time you can withdraw or deposit, just keep make sure secondary account is $500 and primary account must have at least $10K ADB
what do you mean with primary and secondary?
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Old 07-03-2020, 08:32 AM   #7459
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maybank isavvy is 2 months 1.75%, savings account flexible, icbc is locked fixed deposit 1.7%
agreed i take a rain check after visit the branch.

maybank is abit tedious whereby play musical chair and open an account of 2k with miserable interest while 20k lock in for 3 years.

i prefer liquid fund for emergency strategies mah.

also sibei lazy type personality.
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Old 07-03-2020, 09:01 AM   #7460
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what do you mean with primary and secondary?
Primary account means the account earning the interest (1.75% for Mar & Apr) atm and secondary will be the “cooling down” account during Mar & Apr, while waiting for the next cycle; May & June.
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Old 07-03-2020, 11:01 AM   #7461
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agreed i take a rain check after visit the branch.

maybank is abit tedious whereby play musical chair and open an account of 2k with miserable interest while 20k lock in for 3 years.

i prefer liquid fund for emergency strategies mah.

also sibei lazy type personality.
you are not talking the same thing as me.... maybank isavvy is liquild fund, musical chair not hard only 5 mins to merry go round, minimum is $500 float. what you are talking is maybank fixed deposit 3 years term, which personally i don't like too.
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Old 07-03-2020, 02:41 PM   #7462
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you are not talking the same thing as me.... maybank isavvy is liquild fund, musical chair not hard only 5 mins to merry go round, minimum is $500 float. what you are talking is maybank fixed deposit 3 years term, which personally i don't like too.
went to maybank to open isavvy-i account and was advised to take up some 3% interest stuff...I told her dun bother, just do what I instructed.. haha.. (thanks to HWZ)

so now I wait for mid april to open isavvy account online to start musical chair?
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Old 07-03-2020, 03:18 PM   #7463
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went to maybank to open isavvy-i account and was advised to take up some 3% interest stuff...I told her dun bother, just do what I instructed.. haha.. (thanks to HWZ)

so now I wait for mid april to open isavvy account online to start musical chair?
you can start the musical chair now with money at isavvy-i, on the 1st of may 2020 you then online open isavvy, and transfer the money from isavvy-i to a middle bank back to isavvy.
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Old 07-03-2020, 03:36 PM   #7464
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you can start the musical chair now with money at isavvy-i, on the 1st of may 2020 you then online open isavvy, and transfer the money from isavvy-i to a middle bank back to isavvy.
yes, $ transferred into the isavvy-i already..
not advisable to open in late Apr ?

when is the interest credited to Maybank normally?
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Old 07-03-2020, 05:48 PM   #7465
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you can start the musical chair now with money at isavvy-i, on the 1st of may 2020 you then online open isavvy, and transfer the money from isavvy-i to a middle bank back to isavvy.
is isavvy-i now change name to iSAVvy Savings Plus ah? can't seems to find isavvy-i on maybank website.
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Old 07-03-2020, 06:38 PM   #7466
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is isavvy-i now change name to iSAVvy Savings Plus ah? can't seems to find isavvy-i on maybank website.
This one? https://www.maybank2u.com.sg/en/personal/islamic/deposits/iSAVvy-Savings-Account-i.page?
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Old 07-03-2020, 07:34 PM   #7467
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thks for the link.
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Old 07-03-2020, 08:09 PM   #7468
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yes, $ transferred into the isavvy-i already..
not advisable to open in late Apr ?

when is the interest credited to Maybank normally?
isavvy open very fast, open on 1st may you can save $500 in the ADB compared to late April unless you delay the $500 fast in to 1st may.

base interest credited on 1st of each month morning, bonus interest credited on 5th of each month 6pm evening.
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Old 09-03-2020, 01:06 PM   #7469
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Just close my account today.
Effective interests 1.40% for about 10 months.
Withdraw all cash via CO. No extra changes.
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Old 09-03-2020, 01:21 PM   #7470
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Built the counter to 12, but gonna close the account this week for greener pastures. Should have done that earlier.
Goodbye Maxigain, it was good while it lasted.
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