Citibank Maxigain Savings Account

Chaosphere

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Huh, i tot interest is based on the lowest of previous month? If you withdraw ur interest on the last day of the month also no issue. Unless they changed the t&c

dun understand what u meant by interest credit date date and the lowest balance amount for the month date being 1 day apart. Assuming you dun do any withdrawal other than the interest, the days before the interest credited will have the lowest balance for the month. Any day in the calendar month after interest credited, you can withdraw the interest and it will be back at the lowest balance for the month before interest is credited.

Short and simple, after getting your interest (usually is on the 1st), you can withdraw that amount within the same month. Do not drag over to another month.


Ah thank you, i understand now. Looks like I got confused with the T&C again.
 

Chaosphere

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this product still alive...? is it still need $70k in order to climb the steps every month..? :\
No you don't need full 70k to climb the steps every month. But to maximize the interest is to leave 70k inside, as only first 70k is eligible for the interest.
 

maumu

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No you don't need full 70k to climb the steps every month. But to maximize the interest is to leave 70k inside, as only first 70k is eligible for the interest.
is there a min. balance required to avoid fall-below fee? i remember last time I think is $15k or something..
 

JetStorm

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this product still alive...? is it still need $70k in order to climb the steps every month..? :\
Why not? In other threads, people are looking to open scb esaver for the 0.5% interest. Whereas this Citi account is earning 0.61% assuming you are already at step 12. Just need to pump it up max to 70k.
 

silverbomb

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Why not? In other threads, people are looking to open scb esaver for the 0.5% interest. Whereas this Citi account is earning 0.61% assuming you are already at step 12. Just need to pump it up max to 70k.
Haven't touched this account for a damn long while so just a refresher. Now I'm $0. Does adding $0.01 per month for 12 straight months moves the counter?
 

PC-User

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Why not? In other threads, people are looking to open scb esaver for the 0.5% interest. Whereas this Citi account is earning 0.61% assuming you are already at step 12. Just need to pump it up max to 70k.
Heng I keep this account. Reminds me of sinkies' cheong culture... when CB was announced, people cheong supermarket, when travel bubble was announced, some people cheong book flight, when dine in allowed, people cheong at 12am, when interest drop, people cheong closing account... Ended up most of these acts are unnecessary.
 

JetStorm

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Haven't touched this account for a damn long while so just a refresher. Now I'm $0. Does adding $0.01 per month for 12 straight months moves the counter?
tnc iirc says as long not zero counter should move, but Aum needs to be at least 15k across entire balances to avoid fee.
 

PentelPaint

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hi guys

is this product still active? i am looking for place to park my no touch but easy liquid emergency fund and figured this might be good option.

is there any reason why this option is not talk about as much as other option like stan chart esaver?
 

ekardo

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hi guys

is this product still active? i am looking for place to park my no touch but easy liquid emergency fund and figured this might be good option.

is there any reason why this option is not talk about as much as other option like stan chart esaver?
u know the interest rate for this now?
 

Mephist0pheLes

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why dont u guys consider things like stashaway simple (projected 1.2%) or endowus cash smart (projected 0.8% to 2.0% depending on what u choose).

granted the return is not guaranteed, but it probably wont stray too far from the projected returns.
 

aiveee

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build up 1 year and only 0.6% ...by then, maybe every other bank have higher interest already.
Yah but they peg to SIBOR so if other banks have higher interest this will change too.
Anyway I kept this account at minimum balance when everyone hopped elsewhere so I'm still at step 12.
Just left the money inside and watch the interest rate drop and feel sad for getting $8 interest even thou i dont need to do anything (credit salary, spend $x, etc)
No harm not to close.
Jiayou.
 
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