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Citibank Maxigain Savings Account

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Old 15-12-2020, 02:28 PM   #7786
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now the max intrest pay is 70k .... not like last time 150k....
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Old 15-12-2020, 03:32 PM   #7787
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surprise still got people using this...
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Old 15-12-2020, 09:09 PM   #7788
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now the max intrest pay is 70k .... not like last time 150k....
surprise still got people using this...
I understand that in the past the MaxiGain account was way better in terms of returns (Base interest is based on SIBOR rate), but the criteria was quite prohibitive for me to join, if you do not have 70k, you do not get the base (SIBOR rate) interest (not too sure if can get the step-up bonus interest if you have below 70k, correct me if I'm wrong because I did not pay much attention to this MaxiGain account as it was not suitable for me back then).

With effect from 1 October 2020, the new requirements is actually more suitable for me, as long as you can leave 15k inside for the TRB to prevent fall below fee, let the interest counter step-up progressively over 12 months to 0.61%. Hopefully the interest don't drop further. Assuming the interest rate of 12 counters stays at 0.61%, it will be better than CIMB FastSaver of 0.3%.

Different people have different uses for the wide variety of such deposit accounts products ba. Just like how some would prefer UOB One Account over OCBC 360, some prefer DBS Multiplier over UOB One etc...
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Old 15-12-2020, 09:28 PM   #7789
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I understand that in the past the MaxiGain account was way better in terms of returns (Base interest is based on SIBOR rate), but the criteria was quite prohibitive for me to join, if you do not have 70k, you do not get the base (SIBOR rate) interest (not too sure if can get the step-up bonus interest if you have below 70k, correct me if I'm wrong because I did not pay much attention to this MaxiGain account as it was not suitable for me back then).

With effect from 1 October 2020, the new requirements is actually more suitable for me, as long as you can leave 15k inside for the TRB to prevent fall below fee, let the interest counter step-up progressively over 12 months to 0.61%. Hopefully the interest don't drop further. Assuming the interest rate of 12 counters stays at 0.61%, it will be better than CIMB FastSaver of 0.3%.

Different people have different uses for the wide variety of such deposit accounts products ba. Just like how some would prefer UOB One Account over OCBC 360, some prefer DBS Multiplier over UOB One etc...
yeah bro you happy can le, i also happy my money at RHB High Yield, no need to climb 12 months already more interest liao
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Old 15-12-2020, 09:56 PM   #7790
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I understand that in the past the MaxiGain account was way better in terms of returns (Base interest is based on SIBOR rate), but the criteria was quite prohibitive for me to join, if you do not have 70k, you do not get the base (SIBOR rate) interest (not too sure if can get the step-up bonus interest if you have below 70k, correct me if I'm wrong because I did not pay much attention to this MaxiGain account as it was not suitable for me back then).

With effect from 1 October 2020, the new requirements is actually more suitable for me, as long as you can leave 15k inside for the TRB to prevent fall below fee, let the interest counter step-up progressively over 12 months to 0.61%. Hopefully the interest don't drop further. Assuming the interest rate of 12 counters stays at 0.61%, it will be better than CIMB FastSaver of 0.3%.

Different people have different uses for the wide variety of such deposit accounts products ba. Just like how some would prefer UOB One Account over OCBC 360, some prefer DBS Multiplier over UOB One etc...
so how much savings and how much EIR are you getting now ? we can give you advise..

RHB of 0.8% already sweep citibank out of competition
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Old 16-12-2020, 08:47 AM   #7791
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RHB of 0.8% already sweep citibank out of competition
RHB app has ridiculously stringent security requirements. It refuses to work with a lot of apps. I chose not to give up my favorite keyboard just to get additional ~$14 interest per month.
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Old 16-12-2020, 08:49 AM   #7792
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surprise still got people using this...
So you imagined Maxigain should already have 0 customer??
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Old 20-01-2021, 03:55 PM   #7793
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Planning to close mine soon. So the step would be withdraw all then contact customer support to close it right?
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Old 20-01-2021, 04:56 PM   #7794
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There is endowus and stashaway. Both easily more than 1%++... Singlife 2%...
Not sure what’s the point of this account.
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Old 20-01-2021, 06:20 PM   #7795
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There is endowus and stashaway. Both easily more than 1%++... Singlife 2%...
Not sure what’s the point of this account.
You are right.. Waiting for the next month interest to come in then will withdraw all.
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Old 26-01-2021, 01:47 PM   #7796
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There is endowus and stashaway. Both easily more than 1%++... Singlife 2%...
Not sure what’s the point of this account.
There are people who maximize multiple accounts.
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Old 26-01-2021, 02:01 PM   #7797
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There are people who maximize multiple accounts.
I know but endowus, stashaway and other robo mmf account has no upper limit... even for a multi account user...
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Old 26-01-2021, 08:48 PM   #7798
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There is endowus and stashaway. Both easily more than 1%++... Singlife 2%...
Not sure what’s the point of this account.
my mum still using this. I told her Robo has higher interest but she dun trust it. Still prefer putting her money in banks for the 75k coverage

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Old 26-01-2021, 08:56 PM   #7799
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my mum still using this. I told her Robo has higher interest but she dun trust it. Still prefer putting her money in banks for the 75k coverage

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she heypi can liao. more impt is she can sleep well at night. put in robo maybe everyday will insomnia thinking about the money
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Old 26-01-2021, 09:07 PM   #7800
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yea agree. used to have 150k in Citibank. now take out left 70k the rest put in uob stash lol

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