Your Wealth Journey begins here. Your Wealth Journey begins here.

Your Wealth Journey begins here.

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Do you hold a current/savings account with Citibank Singapore?

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I am interested to start a Citigold relationship

Citigold is a wealth management relationship specially designed for individuals with minimum investible assets of S$250,000.

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  • Welcome Offer
  • S$6,300^
    cash reward
  • Up to 2.2%* p.a. interest
  • Privileges
  • FAQs
Welcome Offer

Wealth is travelling the world, realising your dream home, an early retirement. No matter how you define wealth, Citigold can help you achieve it.

Embark on your wealth journey with Citigold with minimum fresh funds of S$250,000 and be rewarded:

  • With up to S$6,300 cash reward or a pair of business class return tickets to Maldives
  • And enjoy up to 2.2%* p.a. interest with Citi MaxiGain Savings Account
Find Out More

Terms and Conditions apply

*For more information on Citi MaxiGain Savings Account, click here

^ For more information on Citigold Welcome Programme 2019, click here

Deposit Insurance Scheme:

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For more information, please visit www.sdic.org.sg.

The products and services mentioned above are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey. This webpage is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

S$6,300^ cash reward

Receive up to S$6,300 or a pair of business class return tickets to Maldives when you start Citigold relationship^

Start with minimum investible assets of S$250,000 and be rewarded with additional cash when you invest or insure with us.

For illustration purposes:

CITIGOLD WELCOME REWARDS 2019

Cash

Deposits S$500,000 fresh funds (or get S$600 with S$250,000 fresh funds)

S$1,200

Purchases S$250,000 in Unit Trusts / Life Insurance in first 6 months

S$2,250

Credits salary, GIRO personal income tax or Telco bill monthly with Citi and maintains a balance of S$250,000

S$600

Interest in Citi MaxiGain with balances maintained at S$150,000

Find Out More

S$2,327

Total Cash

S$6,377

OR

Citi ThankYouSM Points (Miles)

Deposits S$500,000 fresh funds (or get S$600 with S$250,000 fresh funds)

200,000
(80,000 Miles)

Purchases S$250,000 in Unit Trusts / Life Insurance in first 6 months

380,000
(152,000 Miles)

Credits salary, GIRO personal income tax or Telco bill monthly with Citi and maintains a balance of S$250,000

S$600

Interest in Citi MaxiGain with balances maintained at S$150,000

Find Out More

S$2,327

Total Cash

S$2,927

Total Citi ThankYouSM Points (Miles)

580,000
(232,000 Miles)

A Pair of Return Business Class
Tickets to Maldives
Deposits S$500,000 fresh funds (or get S$600 with S$250,000 fresh funds) S$1,200 200,000
(80,000 Miles)
Purchases S$250,000 in Unit Trusts / Life Insurance in first 6 months S$2,250 380,000
(152,000 Miles)
Credits salary, GIRO personal income tax or Telco bill monthly with Citi and maintains a balance of S$250,000 S$600 S$600
Interest in Citi MaxiGain with balances maintained at S$150,000

Find Out More

S$2,327 S$2,327
Total Cash S$6,377 S$2,927
Total Citi ThankYouSM Points (Miles) 580,000
(232,000 Miles)

A Pair of Return Business Class Tickets to Maldives

Terms and Conditions

^With S$500,000 of New Funds, purchases S$250,000 eligible investment or insurance products within 6 months of account opening, maintains S$150,000 in Maxigain, does monthly salary crediting or pays telco bill or personal income tax monthly for 6 months.

The pair of business class return Maldives tickets is calculated as an accumulation of miles over a 8-month period and can only be claimed after that time period. Miles illustrated above are an estimate. Actual number of miles may differ at time of redemption at the discretion of the respective Frequent Flyer Programmes.

For full terms and conditions, click here.

The products and services mentioned above are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey. This webpage is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Up to 2% p.a. interest

Get up to 2.2%* p.a. on your savings with Citi MaxiGain Savings Account

Base Interest

Base Interest

1% # p.a.

  • 70%# of the 1-month SIBOR (Singapore Interbank Offer Rate)
  • Payable with minimum S$70,000 daily end of day balance
plus
Bonus Interest

Bonus Interest

1.2% ^ p.a.

  • Bonus interest rate that steps up monthly
  • Starting from 0.1%^ p.a. to a maximum of 1.2%^ p.a
equal
Total Interest

Total Interest

2.2% * p.a.

Base Rate # (p.a.)

Bonus Rate^ (p.a.)

Total Interest Rate* (p.a.)

1% #

Counter 1

0.1%

Counter 2

0.2%

Counter 3

0.3%

to

Counter 11

1.1%

Counter 12

1.2%

1.1%

1.2%

1.3%

to

2.1%

2.2%

Click here for the full terms and conditions.

#For illustration purposes, we have provided in this marketing material that the 1-month SIBOR is 1.43% p.a. therefore, the base interest rate set out in this marketing material is 1% p.a. based on the 1-month SIBOR of 1.43% p.a. The base interest rate will fluctuate daily in accordance with the movement of the 1-month SIBOR. The base interest rate will be paid on the first S$150,000 in the daily balance of your Citi MaxiGain Savings Account ("MaxiGain account"). You need to maintain a daily end of day balance of at least S$70,000 in your MaxiGain account to earn base interest.

^Your balances capped at S$150,000 shall accrue bonus interest at a rate ("Bonus Interest Rate") that steps up each month, from 0.1% p.a. to a maximum of 1.2% 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.

*By fulfilling the necessary conditions, you can achieve 2.2% interest p.a. (1%# base + 1.2% p.a. bonus) from the 13th month onwards. For clarity, the 1%# interest p.a. is applicable on the daily balance and 1.2% interest p.a. is applicable on the lowest balance in the previous month provided the necessary conditions are fulfilled.

The products and services mentioned above are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey. This webpage is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

Deposit Insurance Scheme:
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For more information, please visit www.sdic.org.sg.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

Privileges

Holistic and Personalised Wealth Advisory

  • Access to a dedicated Relationship Manager and a team of wealth specialists for wealth management advice and solutions.
  • Set your wealth goals and track your progress with Total Wealth Advisor tool.

Global Market Insights

  • Get regular in-depth global market insights and research knowledge from our global team of over 400 research analysts.

Unrivalled Global Banking Privileges

  • Transfer funds for free with Citibank Global Transfers^.
  • Enjoy free Citibank ATM withdrawals from over 13,000 ATMs in 19 countries.
  • Enjoy Citigold status when you travel overseas for business or leisure.
  • With Citigold Debit Mastercard, you get access to 10 different currencies, for payments and withdrawals at Citibank ATMs overseas at no additional conversion fee. You will also enjoy attractive exchange rates for your foreign currency conversions on Citi Online Foreign Exchange (eFX).

Terms and Conditions

^Fund transfer here refers to Citibank Global Transfer via Citibank Online. Available in participating countries with no processing fee. Standard foreign currency exchange rates apply. Subject to a maximum daily outgoing limit of S$65,000. Depending on the country where the funds are being remitted to, a lower limit may apply.

+Prevailing foreign currency exchange rates apply.

The products and services mentioned above are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey. This webpage is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

FAQs

What is the minimum investment required for a Citigold relationship?

  • The minimum investible assets required to start and maintain a Citigold relationship is S$250,000.

Citi MaxiGain Savings Account

What interest will I earn on the Citi MaxiGain Savings Account?

  • You will earn base interest and bonus interest on your Citi MaxiGain Savings Account ("MaxiGain account") if certain criteria are met.

How is base interest calculated?

  • The Bank shall pay you a base interest rate ("Base Interest Rate") at 70% of the 1 month Singapore Dollar Singapore Interbank Offer Rate ("1 month SIBOR") on your daily balance, up to the first S$150,000 in your MaxiGain account. For example, if 1 month SIBOR is 1.43% p.a., the Base Interest Rate shall be 1% p.a.
  • The 1 month SIBOR for 16 October 2018 was 1.5164% p.a. for your reference. If the 1 month SIBOR is 0% p.a. or lower, the Base Interest Rate shall be zero.
  • A Base Interest Rate of 0.05% p.a. shall apply to balances in your MaxiGain account in excess of S$150,000.
  • You need to maintain a daily end of day balance of at least $70,000 in your MaxiGain account to earn interest. Interest at the Base Interest Rate will accrue daily, if you maintain at least S$70,000 in your MaxiGain account, based on the daily end of day balance and will be paid on the last day of the month.

How is bonus interest calculated?

  • Your balances capped at S$150,000 shall accrue bonus interest at a rate ("Bonus Interest Rate") that steps up each month, from 0.10% p.a. to a maximum of 1.20% p.a., 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 Counter increases by 1 each time the Bonus Interest Rate steps up. The Bonus Interest Rate steps up in a month if the lowest balance in that month is equal to or greater than the lowest balance in the preceding month. Bonus interest is computed based on the preceding month's lowest balance and number of calendar days in the preceding 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.
  • Please see the table below for illustration:
    Month 1 Month 2 Month 3
    Lowest Balance S$30,000 S$200,000 S$50,000
    Number of days in month 28 31 30
    Counter 1 2
    Bonus Interest Rate 0.10% p.a. 0.20% p.a.
    Bonus interest N.A S$30,000 x 0.10% x 28/365 = S$2.30 S$150,000 x 0.2% x 31/365 = S$25.48

    Month 1

    Lowest Balance

    S$30,000

    Number of days in month

    28

    Counter

    N.A

    Bonus Interest Rate

    N.A

    Bonus interest

    N.A

    Month 2

    Lowest Balance

    S$200,000

    Number of days in month

    31

    Counter

    1

    Bonus Interest Rate

    0.10% p.a.

    Bonus interest

    S$30,000 x 0.10% x 28/365 = S$2.30

    Month 3

    Lowest Balance

    S$50,000

    Number of days in month

    30

    Counter

    2

    Bonus Interest Rate

    0.20% p.a.

    Bonus interest

    S$150,000 x 0.2% x 31/365 = S$25.48

How is the lowest balance of account opening month determined?

The lowest balance of that month will be the lowest amount of funds in your MaxiGain account at any point in time in the month (which includes the first day on which your MaxiGain account is opened). The lowest balance for the first month will be zero if the MaxiGain account is not funded on the day it is opened.

Scenario 1 Scenario 2
End Day Balance End Day Balance
Account Opening Day
(Day 1)
S$0 S$10,000
Day 2 S$10,000 S$10,000
Day 3 S$12,000 S$10,000
Day 4 to Day 31 S$15,000 S$15,000
Lowest Balance for the month S$0 S$10,000

Scenario 1

End Day Balance

Account Opening Day (Day 1)

S$0

Day 2

S$10,000

Day 3

S$12,000

Day 4 to Day 31

S$15,000

Lowest Balance for the month

S$0

Scenario 2

End Day Balance

Account Opening Day (Day 1)

S$10,000

Day 2

S$10,000

Day 3

S$10,000

Day 4 to Day 31

S$15,000

Lowest Balance for the month

S$10,000

Are there requirements for interests to be earned?

  • Yes, the Base Interest Rate applies if your MaxiGain account has a minimum balance of S$70,000. In other words, base interest accrues on a day where the account balance for that day is at least S$70,000. Conversely, no base interest shall accrue on a day where the account balance for that day falls below S$70,000
  • The Bonus Interest Rate on the other hand has no requirement of a minimum balance . Bonus interest will accrue in a month at the relevant Bonus Interest Rate for so long as the Counter for that month is higher than zero.
    MaxiGain Account Balance Base Interest Bonus Interest
    First S$150,000* 70% of 1-month SIBOR Up to 1.20% p.a. depending on the Counter
    Above S$150,000 0.05% p.a. N.A.
    Conditions *Only applicable if the daily account balance is at least S$70,000

    Lowest balance in the interest payment month must be equal to or greater than the lowest balance in the previous month

    Counter must be higher than zero

    Base Interest

    MaxiGain Account Balance

    First S$150,000*

    70% of 1-month SIBOR

    MaxiGain Account Balance

    Above S$150,000

    0.05% p.a.

    Conditions

    *Only applicable if the daily account balance is at least S$70,000

    Bonus Interest

    MaxiGain Account Balance

    First S$150,000*

    Up to 1.20% p.a. depending on the Counter

    MaxiGain Account Balance

    Above S$150,000

    N.A.

    Conditions

    Lowest balance in the interest payment month must be equal to or greater than the lowest balance in the previous month

    Counter must be higher than zero

What happens if my lowest balance this month is lower than the lowest balance in the previous month?

  • If your lowest balance in the current month is lower than the lowest balance in the preceding month, the Counter will reset as follows:
    Counter in the Preceding Month Counter in the Current Month
    0-5 0
    6-12 6

When will I receive my base and bonus interest if I meet the requirements?

  • You will receive your base interest on the last day of a month, starting as early as 31 January 2019, for so long as you meet the minimum balance of S$70,000. You will receive your bonus interest on the last day of February 2019, provided the lowest balance in February 2019 is equal to or greater than the lowest balance in January 2019.

Where can I find the latest SIBOR rates?

What bonus interest do I get if account is funded on the day it is opened?

  • Refer to below illustration.
      Account Opening day After Account Opening day End of month 0 End of month 1 End of month 2
    Date

    18th February 2019

    Funds Deposited

    19th February 2019

    Number of days in the month

    28th February 2019

    Bonus Counter

    31st March 2019

    Bonus Interest

    30th April 2019

    Funds Deposited S$70,000 NA NA NA NA
    Lowest Balance in the month S$70,000 S$70,000 S$70,001.92
    Number of days in the month 10 (18th Feb to 28th Feb 31 30
    Bonus Counter 0 1 2
    Bonus Interest Bonus Counter is 0, no bonus interest Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.1%p.a. * (10/365) = S$1.92 Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.2%p.a. * (31/365) = S$11.89

    Account Opening day

    Date

    18th February 2019

    Funds Deposited

    S$70,000

    Lowest Balance in the month

    NA

    Number of days in the month

    NA

    Bonus Counter

    NA

    Bonus Interest

    NA

    After Account Opening day

    Date

    19th February 2019

    Funds Deposited

    NA

    Lowest Balance in the month

    NA

    Number of days in the month

    NA

    Bonus Counter

    NA

    Bonus Interest

    NA

    End of month 0

    Date

    28th February 2019

    Funds Deposited

    NA

    Lowest Balance in the month

    S$70,000

    Number of days in the month

    10 (18th Feb to 28th Feb

    Bonus Counter

    0

    Bonus Interest

    Bonus Counter is 0, no bonus interest

    End of month 1

    Date

    31st March 2019

    Funds Deposited

    NA

    Lowest Balance in the month

    S$70,000

    Number of days in the month

    31

    Bonus Counter

    1

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.1%p.a. * (10/365) = S$1.92

    End of month 2

    Date

    30th April 2019

    Funds Deposited

    NA

    Lowest Balance in the month

    S$70,001.92

    Number of days in the month

    30

    Bonus Counter

    2

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.2%p.a. * (31/365) = S$11.89

What bonus interest do I get if Account is not funded immediately?

  • Bonus interest for Month 1 will be affected; no effect on the other months.
    Account Opening day After Account Opening day End of month 0 End of month 1 End of month 2
    Date 18th February 2019 19th February 2019 28th February 2019 31st March 2019 30th April 2019
    Funds Deposited $0 $70,000 NA NA NA
    Lowest Balance in the month S$0 S$70,000 S$70,000
    Number of days in the month 10 (18th Feb to 28th Feb 31 30
    Bonus Counter 0 1 2
    Bonus Interest Bonus Counter is 0, no bonus interest. Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$0 * 0.1%p.a. * (10/365) = S$0 Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.2%p.a. * (31/365) = S$11.89

    Account Opening day

    Date

    18th February 2019

    Funds Deposited

    $0

    Lowest Balance in the month

    NA

    Number of days in the month

    NA

    Bonus Counter

    NA

    Bonus Interest

    NA

    After Account Opening day

    Date

    19th February 2019

    Funds Deposited

    $70,000

    Lowest Balance in the month

    NA

    Number of days in the month

    NA

    Bonus Counter

    NA

    Bonus Interest

    NA

    End of month 0

    Date

    28th February 2019

    Funds Deposited

    NA

    Lowest Balance in the month

    S$70,000

    Number of days in the month

    10 (18th Feb to 28th Feb

    Bonus Counter

    0

    Bonus Interest

    Bonus Counter is 0, no bonus interest.

    End of month 1

    Date

    31st March 2019

    Funds Deposited

    NA

    Lowest Balance in the month

    S$70,000

    Number of days in the month

    31

    Bonus Counter

    1

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$0 * 0.1%p.a. * (10/365) = S$0

    End of month 2

    Date

    30th April 2019

    Funds Deposited

    NA

    Lowest Balance in the month

    S$70,000

    Number of days in the month

    30

    Bonus Counter

    2

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.2%p.a. * (31/365) = S$11.89

What happens when lowest account balance remains the same or increases the following month?

  • Bonus counter increases.
    End of month 0 End of month 1 End of month 2 End of month 3
    Date 28th February 2019 31st March 2019 30th April 2019 31st May 2019
    Lowest Balance in the month S$70,000 S$70,053.70 S$70,118.57 S$70,188.10
    Number of days in the month 28 31 30 31
    Base Interest rate (assuming Sibor rate = 1.43% p.a.) 1% p.a. 1% p.a. 1% p.a. 1% p.a.
    Base Interest accorded at month end S$70,000 * 1% * (28/365) = S$53.70 S$70,053.70 * 1% * (31/365) = S$59.50 S$70,118.57 * 1% * (31/365) = S$57.63 S$70,188.10 * 1% * (31/365) = S$59.61
    Bonus Counter 0 1 2 3
    Bonus Interest Bonus Counter is 0, no bonus interest. Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.1% p.a. * (28/365) = S$5.37 Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,053.70 * 0.1% p.a. * (31/365) = S$11.90 Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,118.57 * 0.1% p.a. * (30/365) = S$17.29

    End of month 0

    Date

    28th February 2019

    Lowest Balance in the month

    S$70,000

    Number of days in the month

    28

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$70,000 * 1% * (28/365) = S$53.70

    Bonus Counter

    0

    Bonus Interest

    Bonus Counter is 0, no bonus interest.

    End of month 1

    Date

    31st March 2019

    Lowest Balance in the month

    S$70,053.70

    Number of days in the month

    31

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$70,053.70 * 1% * (31/365) = S$59.50

    Bonus Counter

    1

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.1% p.a. * (28/365) = S$5.37

    End of month 2

    Date

    30th April 2019

    Lowest Balance in the month

    S$70,118.57

    Number of days in the month

    30

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$70,118.57 * 1% * (31/365) = S$57.63

    Bonus Counter

    2

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,053.70 * 0.1% p.a. * (31/365) = S$11.90

    End of month 3

    Date

    31st May 2019

    Lowest Balance in the month

    S$70,188.10

    Number of days in the month

    31

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$70,188.10 * 1% * (31/365) = S$59.61

    Bonus Counter

    3

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,118.57 * 0.1% p.a. * (30/365) = S$17.29

What happens when lowest account balance decreases before Account has reached Bonus counter 6?

  • Bonus counter drops to 0.
    End of month 3 End of month 4 End of month 5 End of month 6
    Date 28th February 2019 31st March 2019 30th April 2019 31st May 2019
    Lowest Balance in the month S$75,000 S$75,075.37 S$30,000 S$20,000
    Number of days in the month 28 31 30 31
    Base Interest rate (assuming Sibor rate = 1.43% p.a.) 1% p.a 1% p.a 1% p.a 1% p.a
    Base Interest accorded at month end S$75,000 * 1% * (28/365) = S$57.53 S$75,075.37 * 1% * (31/365) = S$63.76 N.A. must maintain min balance of $70k to earn base interest. N.A. must maintain min balance of $70k to earn base interest.
    Bonus Counter 3 4 0 0
    Bonus Interest Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.3% p.a. * (31/365) = S$17.84 Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$75,000 * 0.4% p.a. * (28/365) = S$23.01 Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = NA, as lowest balance has dropped Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = NA, as lowest balance has dropped

    End of month 3

    Date

    28th February 2019

    Lowest Balance in the month

    S$75,000

    Number of days in the month

    28

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$75,000 * 1% * (28/365) = S$57.53

    Bonus Counter

    3

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$70,000 * 0.3% p.a. * (31/365) = S$17.84

    End of month 4

    Date

    31st March 2019

    Lowest Balance in the month

    S$75,075.37

    Number of days in the month

    31

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$75,075.37 * 1% * (31/365) = S$63.76

    Bonus Counter

    4

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$75,000 * 0.4% p.a. * (28/365) = S$23.01

    End of month 5

    Date

    30st April 2019

    Lowest Balance in the month

    S$30,000

    Number of days in the month

    30

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    N.A. must maintain min balance of $70k to earn base interest.

    Bonus Counter

    0

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = NA, as lowest balance has dropped

    End of month 6

    Date

    31st May 2019

    Lowest Balance in the month

    S$20,000

    Number of days in the month

    31

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    N.A. must maintain min balance of $70k to earn base interest.

    Bonus Counter

    0

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = NA, as lowest balance has dropped

What happens when lowest balance decreases after Account has reached Bonus counter 6 and above?

  • Bonus counter drops to 6, safety net in place.
    End of month 5 End of month 6 End of month 7 End of month 8
    Date 28th February 2019 31st March 2019 30th April 2019 31st May 2019
    Lowest Balance in the month S$150,000 S$200,157.53 S$120,000 S$100,000
    Number of days in the month 28 31 30 31
    Base Interest rate (assuming Sibor rate = 1.43% p.a.) 1% p.a. 1% p.a. 1% p.a. 1% p.a.
    Base Interest accorded at month end S$150,000 * 1% * (28/365) = S$115.07 S$150,000 * 1% * (31/365) = S$127.40 S$50,157.53 * 0.05% * (31/365) = S$2.13 S$120,000 * 1% * (30/365) = S$98.63 S$100,000 * 1% *(31/365) = S$84.93
    Bonus Counter 5 6 6 6
    Bonus Interest Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$100,000 * 0.5% p.a. * (31/365) = S$42.47 Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$150,000 * 0.6% p.a. *(28/365) = S$69.04 Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$150,000 * 0.6% p.a. * (31/365) = S$76.44 Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$120,000 * 0.6% p.a. * (30/365) = S$59.18

    End of month 5

    Date

    28th February 2019

    Lowest Balance in the month

    S$150,000

    Number of days in the month

    28

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$150,000 * 1% * (28/365) = S$115.07

    Bonus Counter

    5

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$100,000 * 0.5% p.a. * (31/365) = S$42.47

    End of month 4

    Date

    31st March 2019

    Lowest Balance in the month

    S$200,157.53

    Number of days in the month

    31

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$150,000 * 1% * (31/365) = S$127.40 S$50,157.53 * 0.05% * (31/365) = S$2.13

    Bonus Counter

    6

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$150,000 * 0.6% p.a. *(28/365) = S$69.04

    End of month 7

    Date

    30th April 2019

    Lowest Balance in the month

    S$120,000

    Number of days in the month

    30

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$120,000 * 1% * (30/365) = S$98.63

    Bonus Counter

    6

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$150,000 * 0.6% p.a. * (31/365) = S$76.44

    End of month 8

    Date

    31st May 2019

    Lowest Balance in the month

    S$100,000

    Number of days in the month

    31

    Base Interest rate (assuming Sibor rate = 1.43% p.a.)

    1% p.a.

    Base Interest accorded at month end

    S$100,000 * 1% *(31/365) = S$84.93

    Bonus Counter

    6

    Bonus Interest

    Bonus interest = Lowest balance in previous month * bonus counter rate * number of days in previous month = S$120,000 * 0.6% p.a. * (30/365) = S$59.18

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