Citibank Maxigain Savings Account

touchring1

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BOC needs min credit card spend to hit certain percentages, similar to OCBC. DBS more straightforward, I've already got salary, CC and home loans with them, so that's 2.2% on 50k. Take 6 months to build a bond ladder and I can get another 2.4% on the next 50k, so that will cover 100k of savings which is more than enough cash for me now.

Yup, what bond ladder? I thought just put in 100k can Liao?
 

Perisher

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Yup, what bond ladder? I thought just put in 100k can Liao?

Dbs multiplier. Bond ladder is buy just $500 or whatever amount of SSB bond for 6 mth, then it will auto run itself for 10 years. That will hit the dbs multiplier invest criteria for 10 years...
 

PC-User

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For once in a year, nothing is more 'interesting' than CPF.
 

oceanicmanta

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nothing yet either

interest is in ... $74 Bonus ... more than expected ... confirmed Bonus Interest was based on 6 counters (not 12, after moving funds out on 1 Dec 19)

1 Dec FAST out was value dated 2 Dec 19

$5 Base Interest bcos of 1 Dec balance
 
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mdax23

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I use it to pay citibank cc. Lol

Do close the account asap as I believe this account can go into overdraft.
 
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Squaredot

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interest is in ... $74 Bonus ... more than expected ... confirmed Bonus Interest was based on 6 counters (not 12, after moving funds out on 1 Dec 19)

1 Dec FAST out was value dated 2 Dec 19

$5 Base Interest bcos of 1 Dec balance

Hurray! Some bros are right indeed, the bonus interest paid is based old T&Cs LOL
Now zero account then close account!
 

luvalist

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Hmm how much was ur balance? I left $15k in the account in Dec and I gotten $44 interest.

But thanks for reminding me in the drop to 6 counters not 0. Wanted to close account if it takes 12 month to step up. Now, lemme think again.

interest is in ... $74 Bonus ... more than expected ... confirmed Bonus Interest was based on 6 counters (not 12, after moving funds out on 1 Dec 19)

1 Dec FAST out was value dated 2 Dec 19

$5 Base Interest bcos of 1 Dec balance
 

oceanicmanta

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interest is in ... $74 Bonus ... more than expected ... confirmed Bonus Interest was based on 6 counters (not 12, after moving funds out on 1 Dec 19)

1 Dec FAST out was value dated 2 Dec 19

$5 Base Interest bcos of 1 Dec balance

to clarify, the Bonus was calculated on 0.6%, per the old TnC, (not 0.3%), after dropping to Counter 6 due to 1 Dec withdrawal
 

oceanicmanta

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Hurray! Some bros are right indeed, the bonus interest paid is based old T&Cs LOL
Now zero account then close account!

but if you have kept full balance in Dec19, then u can still get 0.3% Bonus interest for Jan20 of about $37 leh .. so maybe close on 1 Feb 2020 ?
 

oceanicmanta

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Hmm how much was ur balance? I left $15k in the account in Dec and I gotten $44 interest.

But thanks for reminding me in the drop to 6 counters not 0. Wanted to close account if it takes 12 month to step up. Now, lemme think again.

what was your lowest balance in Nov19 ?
 

maumu

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is it possible to FAST out the full 150k in one day? daily limit is 200k right?
 

tmkedmw

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Ya. I FAST out all and just leave $1 on 1st Dec in maxigain.
My interest credited on 31Dec is almost $80.

Just wondering those whose balance is zero dollar on 1st Dec, do they get bonus interest?

interest is in ... $74 Bonus ... more than expected ... confirmed Bonus Interest was based on 6 counters (not 12, after moving funds out on 1 Dec 19)

1 Dec FAST out was value dated 2 Dec 19

$5 Base Interest bcos of 1 Dec balance
 

oceanicmanta

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is it possible to FAST out the full 150k in one day? daily limit is 200k right?

i think citi is 100k per day only .. but on that fateful 1 Dec day, managed to do more ... the very very hard way
 
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