Citibank Maxigain Savings Account

[Shutterfly]

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

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT

She is right. Returns from robo are non-guaranteed and there is even a chance of a capital loss.

 

[vsvs24]

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

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT

Senior folks who are not IT savvy will be more comfortable with banks.

 

[PC-User]

I know but endowus, stashaway and other robo mmf account has no upper limit... even for a multi account user...

But there are also factors like convenience and risk lah.

 

[PC-User]

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

Yeah, sweep...

 

[PC-User]

There is endowus and stashaway. Both easily more than 1%++... Singlife 2%...
Not sure what’s the point of this account.

I joined Singlife when interest was 2.5%. But now also dropped to 1.5% already.

 

[Perisher]

I joined Singlife when interest was 2.5%. But now also dropped to 1.5% already.

Ya lor, all dropping. Forcing all to invest.

 

[PC-User]

Ya lor, all dropping. Forcing all to invest.

Investment not guaranteed return. StashAway Simple also recently quite stagnant. Lucky I still have 0.61% on the other hand.

 

[Perisher]

Investment not guaranteed return. StashAway Simple also recently quite stagnant. Lucky I still have 0.61% on the other hand.

Erm, why not Singlife? 1% no?

 

[Squaredot]

Erm, why not Singlife? 1% no?

I'm a bit scare to put a lot inside Singlife

 

[yuzu28]

I'm a bit scare to put a lot inside Singlife

Same here... Dunno will toh or not. This kind dun have protection like banks 75,k right?

 

[PC-User]

Erm, why not Singlife? 1% no?

Already putted.

 

[PC-User]

Same here... Dunno will toh or not. This kind dun have protection like banks 75,k right?

Capital guaranteed mah no meh?