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Citibank Maxigain Savings Account

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Old 03-07-2020, 10:46 AM   #7696
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Saw rates dropping everywhere and was wondering if this will somehow end up slightly higher.

I finally gave up and close on 1 Jul.
maxigain is SIBOR 1m related, until it starts trending up? not forgetting withdrawal will reset your counter to 6 (assuming u r at counter 12).
After some calculations, i jump ship in Jan
Can always open account when it becomes attractive again
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Old 03-07-2020, 11:05 AM   #7697
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Tried to keep some money in citibank then transfer remaining.
They told me TRB for all account except Basic Bank account is 15k
Want keep few thousand inside for last min ATM withdrawal also cannot
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Old 03-07-2020, 11:45 AM   #7698
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maxigain is SIBOR 1m related, until it starts trending up? not forgetting withdrawal will reset your counter to 6 (assuming u r at counter 12).
After some calculations, i jump ship in Jan
Can always open account when it becomes attractive again
I had 2 accounts. I closed the single in Jan. Closed the Joint on 1 Jul.

Troublesome to open joint account so I kept for a while at $70k to look-see because at Counter 12. If open account need to climb ladder.
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Old 14-07-2020, 11:20 PM   #7699
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I see no point in keeping this account. Many of us already jump ship in Jan and earned better interest in the past 6 months
Hi there, care to share which offers better interest rates? See no point in keeping this maxigain account. Thanks
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Old 21-07-2020, 03:02 PM   #7700
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Hi there, care to share which offers better interest rates? See no point in keeping this maxigain account. Thanks
Singlife - $10K, 2.5%
Dash Easy Earn - $20K, 2.0%
Etiqa Elastiq -Up to $50K, 1.8%
Stashaway Simple - No limit, about 1.9%.

Upon making eligible transactions:

DBS Multiplier - $50K or $100K, 2.xx - 3.xx%
Bank of China - $80K, 1.45% (With effect from 1 August)
Standard Chartered Bonus Saver - $80K, 1.3%
UOB ONE - $75K, 1.2% (but factor in cashback from UOB One card $2K spending, can be up to 2.8%)
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Old 22-07-2020, 08:29 PM   #7701
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you forgot RHB 1.375% effective for 100k..

and BOC not 1.45% but 1.25% - 1.45%
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Old 22-07-2020, 09:41 PM   #7702
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you forgot RHB 1.375% effective for 100k..

and BOC not 1.45% but 1.25% - 1.45%
which RHB account??? TIA
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Old 22-07-2020, 09:45 PM   #7703
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found... this?

https://rhbgroup.com.sg/personal/hig...d-savings-plus
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Old 23-07-2020, 12:39 AM   #7704
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found... this?

https://rhbgroup.com.sg/personal/hig...d-savings-plus
correct...do nothing and get 1.375%
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Old 23-07-2020, 05:23 AM   #7705
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correct...do nothing and get 1.375%
Can all these be done online? or need to visit branch?
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Old 23-07-2020, 07:36 AM   #7706
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BOC should be higher right? If you add in base rate and the extra saving bonus interest

0.4 + 0.4 + 0.5 + 0.5 + 0.3 = 2.2%

Singlife - $10K, 2.5%
Dash Easy Earn - $20K, 2.0%
Etiqa Elastiq -Up to $50K, 1.8%
Stashaway Simple - No limit, about 1.9%.

Upon making eligible transactions:

DBS Multiplier - $50K or $100K, 2.xx - 3.xx%
Bank of China - $80K, 1.45% (With effect from 1 August)
Standard Chartered Bonus Saver - $80K, 1.3%
UOB ONE - $75K, 1.2% (but factor in cashback from UOB One card $2K spending, can be up to 2.8%)
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Old 23-07-2020, 08:35 AM   #7707
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BOC should be higher right? If you add in base rate and the extra saving bonus interest

0.4 + 0.4 + 0.5 + 0.5 + 0.3 = 2.2%
Rates nerfed wef 1 Aug

base 0.15%
Salary min $6000 0.5%, $2000 0.3%
Card spend min $1500 0.5%, $500 0.3%
Payment 0.3%
Total max 1.45%
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Last edited by Trazora; 23-07-2020 at 08:40 AM..
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Old 23-07-2020, 09:26 AM   #7708
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this one becoming minigain liao. LOL.
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Old 03-08-2020, 12:56 PM   #7709
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For reference, based on my calculations, base interest paid out over the last two years has been approximately the following:

2020-07 0.125%
2020-06 0.125%
2020-05 0.188%
2020-04 0.455%
2020-03 0.606%
2020-02 0.841%
2020-01 0.858% // bonus interest reduced to 0.05% per counter
2019-12 0.885% // 50% of 1m SIBOR
2019-11 1.230% // 70% of 1m SIBOR
2019-10 1.298%
2019-09 1.312%
2019-08 1.315%
2019-07 1.318%
2019-06 1.319%
2019-05 1.302%
2019-04 1.279%
2019-03 1.289%
2019-02 1.260%
2019-01 1.242% // 70% of 1m SIBOR
2018-12 1.358% // 80% of 1m SIBOR
2018-11 1.296%
2018-10 1.213%
2018-09 1.210%
2018-08 1.219%
2018-07 1.200%
2018-06 1.138% // 80% of 1m SIBOR
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