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Citibank Maxigain Savings Account

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Old 02-09-2020, 10:30 PM   #7726
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Chui liao just gt letter 0.01 lol

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Old 02-09-2020, 10:32 PM   #7727
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Stopped reading at 0.01%
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Old 02-09-2020, 10:36 PM   #7728
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I don't think it is a typo because the official letter stated as 0.01% too.
But the "how it works" using 0.1% all over. https://www.citibank.com.sg/gcb/deposits/mxgn-savacc.htm#
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Old 02-09-2020, 10:55 PM   #7729
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But the "how it works" using 0.1% all over. https://www.citibank.com.sg/gcb/depo...gn-savacc.htm#
Yes, because that is how it works... currently; where it talks about 50% of SIBOR and assuming SIBOR is 0.2%, and so on.

0.01% is how it is going to work, from 1 Oct 2020 onward.
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Old 02-09-2020, 10:58 PM   #7730
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Yes, because that is how it works... currently; where it talks about 50% of SIBOR and assuming SIBOR is 0.2%, and so on.

0.01% is how it is going to work, from 1 Oct 2020 onward.
Oic then only 0.06% to 0.61%
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Old 02-09-2020, 11:08 PM   #7731
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Oic then only 0.06% to 0.61%
0.01% to 0.61% (where 0.6% is capped at 70k).

Capped at 70k screws over those who have kept their funds with them, even after the rates were cut
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Old 04-09-2020, 10:54 PM   #7732
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Lucky the revision don't affect me in fact I will get 0.01% more as my account is below 70k. Since my acc is below 70k I don't get base interest. Thanks citi for your extra 0.01% 😄
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Old 04-09-2020, 10:58 PM   #7733
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this account just keeps getting worse.

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Old 04-09-2020, 11:27 PM   #7734
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this account just keeps getting worse.

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its the same across all banks.
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Old 04-09-2020, 11:31 PM   #7735
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its the same across all banks.
But Citi is dropping in much faster rate. Not to forget their minimum requirement.
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Old 05-09-2020, 12:32 PM   #7736
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But Citi is dropping in much faster rate. Not to forget their minimum requirement.
Their base interest is 0.01%
Bonus interest of up to 0.60% only on first 70k
Fall bellow fee of $15 if less than 70k

Not worth to leave inside already since can get higher elsewhere
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Old 05-09-2020, 03:11 PM   #7737
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Their base interest is 0.01%
Bonus interest of up to 0.60% only on first 70k
Fall bellow fee of $15 if less than 70k

Not worth to leave inside already since can get higher elsewhere
Fall below fee is for less than 20k..I do not incurred fall below fee when I'm at 20k for many months
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Old 05-09-2020, 05:20 PM   #7738
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Their base interest is 0.01%
Bonus interest of up to 0.60% only on first 70k
Fall bellow fee of $15 if less than 70k

Not worth to leave inside already since can get higher elsewhere
Not aware of fall below fee of 70K. But agreed Maxigain is no longer a attractive product. Planned to close and move somewhere else.
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Old 05-09-2020, 05:48 PM   #7739
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Their base interest is 0.01%
Bonus interest of up to 0.60% only on first 70k
Fall bellow fee of $15 if less than 70k

Not worth to leave inside already since can get higher elsewhere
Previously fall below fee $15 if TRB less than $15k. Where stated change to $70k?
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Old 05-09-2020, 07:18 PM   #7740
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Fall below fee is for less than 20k..I do not incurred fall below fee when I'm at 20k for many months
Previously fall below fee $15 if TRB less than $15k. Where stated change to $70k?
Mm...I thought the $15 fall below fee is for $15k. So is it $15k or $20k?
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