Lastest S$ Deposit updates - Part 3

[Utonian]

looking for ideas where to move to also.
Hard pressed to find anything nowadays

Think can just keep 100 in citi maxigain to rebuild counter, i read no fall below charges and no minimum for base interest/bonus interest now?

 

[heartywarrior]

looking for ideas where to move to also.
Hard pressed to find anything nowadays

Think can just keep 100 in citi maxigain to rebuild counter, i read no fall below charges and no minimum for base interest/bonus interest now?

hur is it? no more the min $15k account balance if not charge fees? if like that then withdraw liao loh end of the mth...

 

[~sabaisabai~]

looking for ideas where to move to also.
Hard pressed to find anything nowadays

Think can just keep 100 in citi maxigain to rebuild counter, i read no fall below charges and no minimum for base interest/bonus interest now?

no have... rotting in the bank
this mth SSB is 1.45%

 

[vsvs24]

looking for ideas where to move to also.
Hard pressed to find anything nowadays

Think can just keep 100 in citi maxigain to rebuild counter, i read no fall below charges and no minimum for base interest/bonus interest now?

But Citi Maxigain cutting rates wef Nov 2021

Citi MaxiGain Savings Account - Apply Online | Citibank Singapore

Citi MaxiGain Savings Account is a savings account with a bonus interest rate that steps up each month. Apply now and get up to 0.31%* p.a. on your savings account. *T&Cs apply.

www.citibank.com.sg

 

[Utonian]

correct, so can move out everything keeping maybe 100 to rebuild counter (6 back up to 12) and see what develops?

 

[Utonian]

i think no more? read from there under T&C

Citi MaxiGain Savings Account - Apply Online | Citibank Singapore

Citi MaxiGain Savings Account is a savings account with a bonus interest rate that steps up each month. Apply now and get up to 0.31%* p.a. on your savings account. *T&Cs apply.

www.citibank.com.sg

#The base interest rate will be paid on the entire balance of your Citi MaxiGain Savings Account ("MaxiGain account"). No minimum balance is required to earn base interest.

^Your balances capped at S$70,000 shall accrue bonus interest at a rate ("Bonus Interest Rate") that steps up each month, from 0.05% p.a. to a maximum of 0.6% p.a., calculated based on your lowest balance in the previous month, if the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month. The lowest amount of funds in your MaxiGain account at any point in time in a month shall be the "lowest balance" of that month. The "Counter" increases by 1 each time the Bonus Interest Rate steps up. No minimum balance is required in your MaxiGain account to earn bonus interest.

 

[heartywarrior]

i think no more? read from there under T&C

Citi MaxiGain Savings Account - Apply Online | Citibank Singapore

Citi MaxiGain Savings Account is a savings account with a bonus interest rate that steps up each month. Apply now and get up to 0.31%* p.a. on your savings account. *T&Cs apply.

www.citibank.com.sg

#The base interest rate will be paid on the entire balance of your Citi MaxiGain Savings Account ("MaxiGain account"). No minimum balance is required to earn base interest.

^Your balances capped at S$70,000 shall accrue bonus interest at a rate ("Bonus Interest Rate") that steps up each month, from 0.05% p.a. to a maximum of 0.6% p.a., calculated based on your lowest balance in the previous month, if the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month. The lowest amount of funds in your MaxiGain account at any point in time in a month shall be the "lowest balance" of that month. The "Counter" increases by 1 each time the Bonus Interest Rate steps up. No minimum balance is required in your MaxiGain account to earn bonus interest.

9. These Terms and Conditions should be read in conjunction with the Citibank Singapore Global Consumer Banking Terms and Conditions.

Citibank Singapore

^^The monthly minimum Total Relationship Balance (TRB) to be maintained by a customer is S$15,000. Account Service Fee of S$15 per month will apply if your TRB is less than S$15,000 at the end of each month.

so unless you got other CB a/cs with up to $15k, thus fullfilling the TRB, u will get charged monthly $15 fee

 

[Utonian]

Clicking the link provided, it is for Citi Priority?

If non citi priority i am only reading full T&C in the webpage.

Citi MaxiGain Savings Account - Apply Online | Citibank Singapore

Citi MaxiGain Savings Account is a savings account with a bonus interest rate that steps up each month. Apply now and get up to 0.31%* p.a. on your savings account. *T&Cs apply.

www.citibank.com.sg

 

[banyan8]

https://rhbgroup.com.sg/rhb/personal/hysa

Do u see anything tricky on the crediting of bonus interest in the t&c? One is can't be zero balance. Can ding dong at then end of each month?

 

[heartywarrior]

Clicking the link provided, it is for Citi Priority?

If non citi priority i am only reading full T&C in the webpage.

Citi MaxiGain Savings Account - Apply Online | Citibank Singapore

Citi MaxiGain Savings Account is a savings account with a bonus interest rate that steps up each month. Apply now and get up to 0.31%* p.a. on your savings account. *T&Cs apply.

www.citibank.com.sg

https://www.citibank.com.sg/global_docs/pdf/Total_Relationship_Balance.pdf

from the above link, I believe TRB applies to all retailer banking customers...

 

[ckman3]

https://rhbgroup.com.sg/rhb/personal/hysa

Do u see anything tricky on the crediting of bonus interest in the t&c? One is can't be zero balance. Can ding dong at then end of each month?

Think similar to previous cycle Jul to Sep. Keep minimum to maintain HYSA+ in good standing when doing the musical chair.

 

[ottaro]

can we open this GE Policy and pay using SRS under DBS?

 

[maumu]

Think similar to previous cycle Jul to Sep. Keep minimum to maintain HYSA+ in good standing when doing the musical chair.

yup, $500 is the min for HYSA+ the CSO also reminded me to keep account "in good standing" whatever that means to the bank.. -.-

 

[Utonian]

Thanks probably less effort to just close off the account totally.
In any case if maxigain interest ever increase, it will lag the market

 

[luvpraline]

How come no one mentioned tiq 1.62% for 3 years?

Besides this and GE 1.3% for 2 years, are there any better ones?

 

[~sabaisabai~]

ntuc gro capital 1.48% for 3 years. pretty low compared to Aviva at 1.8% previously and Tiq 1.62% currently

 

[dappermen]

After 3yr

 

[banyan8]

yup, $500 is the min for HYSA+ the CSO also reminded me to keep account "in good standing" whatever that means to the bank.. -.-

The bonus interest T&C does not say about $500. Is it the min ADB for fall-below fee?

 

[hwarzoner]

Just Saw this ads on edmw Tiq 1.62% currently

 

[maumu]

The bonus interest T&C does not say about $500. Is it the min ADB for fall-below fee?

apologies but I might have mixed up with the high yield savings account (without the 'plus'). then again, idk if it's safe to assume there's no min. although it did say there's no fall-below fees chargeable for the HYSA+.

so I just stick $500 inside... following the HYSA.