A fantastic account for wealthy, consistent savers who can maintain a high balance

The Citi MaxiGain Savings Account is a fantastic account for wealthy, consistent savers who can maintain a balance between S$70,000–S$150,000. To begin with, this account is a bit unique as the base interest rate is set to 70% of the 1-month SIBOR (Singapore Interbank Offer Rate), which changes daily–making rates slightly more variable than with other accounts. As a baseline, the effective base rate tends to be around 1.00% p.a., more or less, which is by far the highest available as per market standards.

Products mentioned by this review

Citi MaxiGain Savings Account

Citi MaxiGain Savings Account has a base and bonus interest rate of 2.2% p.a. and in order to earn the base interest rate, you just need to maintain a S$70,000 daily balance and the end of each day. The base rate is at 1% p.a. with a bonus rate of 1.2% p.a which sums to 2.2% p.a.

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Citibank Singapore

Citibank Singapore Limited is a branch bank of Citibank, N.A. headquartered in New York, U.S.A. and was present in Indonesia in 1918 through its previous company, The International Banking Corporation in Batavia and Surabaya. In 1989 Citibank started its credit card business in Indonesia. Citibank is one of the pioneers of the credit card business in Indonesia by always presenting quality products and making innovations for the satisfaction of its customers. This privilege then continued in the following years by introducing various other banking services online. Until now, Citibank Bank has issued a variety of banking service products, including credit card products that offer various facilities and ease of transactions for its users, as well as various attractive promo offers.

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