Citibank Maxigain Savings Account

testingabc

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I find Citibank RM or whatever you call them is useless. They seems not motivated to do anything. Lol!

that time on 2 dec i went to bugis branch to close maxigain account, i hear the 2 male citibank staff asking each other want to resign or not lol
 

testingabc

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What is the condition? I don’t quite understand how it works? What about after Dec 2019?

condition is money put inside must be at least $10K more than reference month, after each cycle (2/4 months) rotate between a third bank to another isavvy or isavvy-i account. after dec 2019 still not sure about the interest rates, my guess is around 1.9 but will see the interest rates before deciding whether to open isavvy-i or not.
 

ekardo

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sad to say there's no better deal than the old Maxigain...and that's why a lot of us still lurking for a way out...

maybe I can summarize a bit.

1) BOC (salary, 3giro, 500credit spending)
2.35%
u can get higher if your spending is $1500 for CC..

note: my first tranche is here

2) Maybank (from one isavvy to another isavvy transfer everymonth)
2.1% for Sep to Dec 2019, every period the interest will change

troublesome, and unstable. need to do due diligence to transfer from one bank to another timely, and also need to monitor their everchanging interest rate. so if the rate drop beyond Maxigain 1.49%, you hit the same problem again.

note: haven't jump into this...waiting for Jan annoucement. doubt they can maintain >2% but we shall see.

3) DBS, UOB, OCBC
can consider if you can hit all their various requirement but didnt work for my case.
(example, my salary also with BOC, I am not doing active investment, or their interest is lower than BOC)

4) no frill 1.8% short time FD
go CIMB!
if dun want to tied down, can get their no frill 1.0% interest also.

note: all spare $ should park here. dun leave it in other savings bank.


anymore to add ?
 

deemon

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Actually if uob one. You don’t need salary credit with them. Just 3 giro and 500 credit spent.
 

Ginnylim07

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sad to say there's no better deal than the old Maxigain...and that's why a lot of us still lurking for a way out...

maybe I can summarize a bit.

1) BOC (salary, 3giro, 500credit spending)
2.35%
u can get higher if your spending is $1500 for CC..

note: my first tranche is here

2) Maybank (from one isavvy to another isavvy transfer everymonth)
2.1% for Sep to Dec 2019, every period the interest will change

troublesome, and unstable. need to do due diligence to transfer from one bank to another timely, and also need to monitor their everchanging interest rate. so if the rate drop beyond Maxigain 1.49%, you hit the same problem again.

note: haven't jump into this...waiting for Jan annoucement. doubt they can maintain >2% but we shall see.

3) DBS, UOB, OCBC
can consider if you can hit all their various requirement but didnt work for my case.
(example, my salary also with BOC, I am not doing active investment, or their interest is lower than BOC)

4) no frill 1.8% short time FD
go CIMB!
if dun want to tied down, can get their no frill 1.0% interest also.

note: all spare $ should park here. dun leave it in other savings bank.


anymore to add ?
Wow thank you for the effort to share with us!

Cny is coming... do u think got more promos?
 

decibel.

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Actually if uob one. You don’t need salary credit with them. Just 3 giro and 500 credit spent.
If you calculate on your total sum it's probably just 1.x to 2.x % max

Sent from HUAWEI VOG-L29 using GAGT
 

decibel.

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sad to say there's no better deal than the old Maxigain...and that's why a lot of us still lurking for a way out...

maybe I can summarize a bit.

1) BOC (salary, 3giro, 500credit spending)
2.35%
u can get higher if your spending is $1500 for CC..

note: my first tranche is here

2) Maybank (from one isavvy to another isavvy transfer everymonth)
2.1% for Sep to Dec 2019, every period the interest will change

troublesome, and unstable. need to do due diligence to transfer from one bank to another timely, and also need to monitor their everchanging interest rate. so if the rate drop beyond Maxigain 1.49%, you hit the same problem again.

note: haven't jump into this...waiting for Jan annoucement. doubt they can maintain >2% but we shall see.

3) DBS, UOB, OCBC
can consider if you can hit all their various requirement but didnt work for my case.
(example, my salary also with BOC, I am not doing active investment, or their interest is lower than BOC)

4) no frill 1.8% short time FD
go CIMB!
if dun want to tied down, can get their no frill 1.0% interest also.

note: all spare $ should park here. dun leave it in other savings bank.


anymore to add ?
Thanks for compiling. Initially wanted to go for Maybank but it's too much work to keep moving funds here and there for that few % more. Hopefully there will be better ones from SCB or HSBC

Sent from HUAWEI VOG-L29 using GAGT
 

DenOOO

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18 - 26 years old can get the SCB JumpStart for 2%.

Capped at $20,000.
 

LouisSaha

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I shortlisted 2.

1. Maybank min is 50k and above for 2 years FD at 1.9%.

or

2. CIMB FD 12 mths for 1.8%?

Which is better?

For MAYBANK one, if put 100k for 2 years at 1.9% = $3800 in 2 years?
The interest can get upfront or upon mature?
 

ekardo

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I shortlisted 2.

1. Maybank min is 50k and above for 2 years FD at 1.9%.

or

2. CIMB FD 12 mths for 1.8%?

Which is better?

For MAYBANK one, if put 100k for 2 years at 1.9% = $3800 in 2 years?
The interest can get upfront or upon mature?


depend if you need the $..
CIMB is get instant interest credited to the bank (in my case)

you should be getting more than $3800 for compound interest if you put 2 years for 1.9%...
 

cscs3

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depend if you need the $..
CIMB is get instant interest credited to the bank (in my case)

you should be getting more than $3800 for compound interest if you put 2 years for 1.9%...

Maybank is same.
 

LouisSaha

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depend if you need the $..
CIMB is get instant interest credited to the bank (in my case)

you should be getting more than $3800 for compound interest if you put 2 years for 1.9%...

Maybank is same.

I see i see.
Maybe I will go for 2 years with MAYBANK, since it's smth i won't touch.

Should have placed earlier when they offered 2% for 2 years. :(
 

LouisSaha

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I saw CIMB savings account.
How come got i and without i?
CIMB Fastsaver i account
&
CIMB Fastsaver account.

Any different?
 

ekardo

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I think the difference is open at the shop or open online..
 

doody_

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I have moved my cash to SCB and DBS multiplier. Some options for those who don't have that much liquid cash.

DBS multiplier quite easy to hit 2% for 50k, SCB eSaver self explanatory in its own thread, up to 1M.
 

luvpraline

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I see i see.
Maybe I will go for 2 years with MAYBANK, since it's smth i won't touch.

Should have placed earlier when they offered 2% for 2 years. :(

No, upfront interest is only 0.25%. And it does not say that interest is compounded.
 
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