02 Jun '17, 11am

2% Savings Account?! LEGIT, NOT CLICKBAIT I PINKY PROMISE: I opened my Citibank MaxiGain account last year in June.…

I opened my Citibank MaxiGain account last year in June. I talked about it in Jan about it being a great cash savings vehicle. It’s an interesting account, to say the least. It gives you a variable base interest rate, based on the 1m SIBOR (current 0.81%). It also gives you an increasing fixed rate, based on how long you had the account. (increase in 0.1% per month, cap at +1.2%) The drawback is that if the lowest balance breaches the previous month’s lowest balance, you lose half of your counters. Well anyway, I’ve good news to report! After having this account for 1 year, for the month of June I will be receiving about 2% interest for my balances this month! So come 1st July, I should be looking at some nice phat interest returns, ehehe! However, I must point out that I made a silly …

Full article: http://thefinance.sg/2017/06/02/2-savings-account-legit-n...

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