Citibank Maxigain Savings Account

Intel888

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What's the benefit of keeping MaxiGain?
Since DBS Multiplier 'salary credit' now includes dividends from CDP, so essentially don't need salary credit now. Anyone can apply, right?
 

compro_1975

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from 0000hrs of today till this moment i earned $1.68 of interest, that is triple the interest dbs gave me for a year sia... anw, i just let go this 1.68 to get my money out
 

yiron

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why need to wait for estatement?

Just want to get my Dec19 estatement for records sake. Was told that I can go ahead to close the account, but will not get the statement.
 

DenOOO

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It's a drop of $20 plus for me. It doesn't matter to me, I'll continue park there for awhile more

Today's interest doesn't hit that hard yet cos counter is still 1.2%.

Next month will drop another 0.6%, since counter reduced from 1.2% to 0.6% max.
 

luvpraline

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Just want to get my Dec19 estatement for records sake. Was told that I can go ahead to close the account, but will not get the statement.

i managed to retrieve dec's statement under "my profile"
 

arctician

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our bonus interest awarded in end dec should be similar to previous months right? mine dropped by half though there was no withdrawal in nov, my withdrawal was in dec. Anyone has any idea why so?
 

arctician

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yea bonus int from $150 dropped to $80. Called customer svc they need investigate zzzzz
 

Squaredot

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our bonus interest awarded in end dec should be similar to previous months right? mine dropped by half though there was no withdrawal in nov, my withdrawal was in dec. Anyone has any idea why so?

bro, when u withdraw in Dec, counter is down to 6 instead of 12.
so Dec bonus int is half of what Nov bonus int.
 

maumu

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still undecided if wanna close or keep it alive... rates are dropping, and other banks are changing their account requirements.
 

arctician

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bro, when u withdraw in Dec, counter is down to 6 instead of 12.
so Dec bonus int is half of what Nov bonus int.

oh i see thanks! i thought dec bonus is based on nov balance so it should still stay at counter 12, but read it in earlier post few pages back, will close all citi now
 
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a4973

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$150/2 + $5 = $80. I close all accounts this morning after zeroing.
You were able to FAST out more than 100k today? I have read that per day maximum is 50k x 2 FAST transfers.
 

tmkedmw

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You were able to FAST out more than 100k today? I have read that per day maximum is 50k x 2 FAST transfers.

I already fast out on 1 Dec and leave a princely balance of $1. 1dec withdrawal limit is .... I think sky is the limit due to Citi system problem. Limit should be 100k when system is normal.
 

dreant

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For reference, based on my calculations, base interest paid out over the last year and a half has been approximately the following:

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

Interestingly, bonus interest paid out at the end of 2019-12 (for 2019-11 lowest balance) used 0.1% per counter. I wonder if they'll try to claw back half of it, because it's supposed to be 0.05% per counter instead.
 
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Trazora

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For reference, based on my calculations, base interest paid out over the last year has been approximately the following:

2019-12 0.885% // 50% of 1m SIBOR
2019-11 1.230% // 70% of 1m SIBOR
2019-10 1.298% // 70% of 1m SIBOR
2019-09 1.312% // 70% of 1m SIBOR
2019-08 1.315% // 70% of 1m SIBOR
2019-07 1.318% // 70% of 1m SIBOR
2019-06 1.320% // 70% of 1m SIBOR
2019-05 1.302% // 70% of 1m SIBOR
2019-04 1.279% // 70% of 1m SIBOR
2019-03 1.289% // 70% of 1m SIBOR
2019-02 1.260% // 70% of 1m SIBOR
2019-01 1.242% // 70% of 1m SIBOR
2018-12 1.358% // 80% of 1m SIBOR

Interestingly, bonus interest paid out at the end of 2019-12 (for 2019-11 lowest balance) used 0.1% per counter. I wonder if they'll try to claw back half of it, because it's supposed to be 0.05% per counter instead.

0.1% per counter as per nov is correct lah
 
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