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 Citi MaxiGain Savings Account
Citi MaxiGain Savings Account
 Get the most out of your spend, protect your loved ones and grow your wealth. Plus, earn up to 2.5% p.a. more on your savings.
 Complimentary cash withdrawals from Citibank ATMs overseas (with no processing fee), instant fund transfers and more.
 Have a Personal Banker take care of your financial needs when you have balances above S$50,000.
Earn Base Interest:
 80% of the 1month Singapore Dollar Interbank Offer Rate (1month SIBOR)
Earn Bonus Interest:
 Bonus interest rate that steps up each month
 Starting from 0.1% p.a. to a maximum of 1.2% p.a.
Eligibility:
 Minimum initial deposit of S$15,000 from account opening.
Other Benefits:
Checking facilities  Yes 

Online Banking  Yes  Transfer funds online or between accounts 
Phone Banking  Yes  CitiPhone Banking and Automated Voice Response 
Citibank Debit Card  Yes  Free Citibank Debit Card with access to over 2 million ATMs as well as millions of merchants worldwide 
1Month SGD SIBOR Rate (% p.a.)
 '1Month SGD SIBOR Rate' refers to the previous Business Day's 1Month SGD SIBOR Rate.
 The historical moving SIBOR rates are provided for illustration purposes only. Please refer to the Terms and Conditions for more information.
Click on to expand and on to minimise the details.
You will earn base interest and bonus interest on your Citi MaxiGain Savings Account ("MaxiGain account") if certain criteria are met.
The Bank shall pay you a base interest rate ("Base Interest Rate") at 80% 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% p.a., the Base Interest Rate shall be 0.8% p.a.
The 1 month SIBOR for December 2015 was 0.972% 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.
Your account balance 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. A bonus counter ("Counter") is a numerical representation of your "bonus level" on the MaxiGain account. The Counter ranges from "0" to "12", representing the corresponding Bonus Interest Rate from 0.00% p.a. to 1.20% p.a.
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$40,000  S$50,000 
Number of days in month  28  31  30 
Counter  0  1  2 
Bonus Interest Rate  0  0.10% p.a.  0.20% p.a. 
Bonus interest  N.A  S$30,000 x 0.10% x 28/365 = S$2.30  $40,000 x 0.20% x 31/365 = $6.79 
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 
Yes, the Base Interest Rate applies if your MaxiGain account has a minimum balance of S$10,000. In other words, base interest accrues on a day where the account balance for that day is at least S$10,000. Conversely, no base interest shall accrue on a day where the account balance for that day falls below S$10,000.
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 
S$0 to S$150,000  80% of 1 month SIBOR  Up to 1.20% p.a., depending on the Counter 
Above S$150,000  0.05% p.a.  
Conditions  Only applicable if the daily account balance is at least S$10,000 
No minimum or maximum balance requirement for bonus interest Counter must be higher than zero 
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 
05  0 
612  6 
You will receive your base interest on the last day of a month, starting as early as 29 February 2016, for so long as you meet the minimum balance of S$10,000. You will receive your bonus interest on the last day of March 2016, provided the lowest balance in March 2016 is equal to or greater than the lowest balance in February 2016.
You can visit the website: http://www.abs.org.sg/rates_sibor.php for updated SIBOR rates.
Refer to below illustration.
Account Opening day  After Account Opening day  End of month 0  End of month 1  End of month 2  
Date  10^{th} January 2017  11^{th} January 2017  31^{st} January 2017  28^{th} February 2017  31^{st} March 2017 
Funds Deposited  $50,000  NA  NA  NA  NA 
Lowest Balance in the month  $50,000  $50,000  $50,003.01  
Number of days in the month  22 (10^{th} Jan to 31^{st} Jan)  28  31  
Bonus Counter  0  1  2  
Bonus Interest  Bonus Counter is 0, no bonus interest.  Bonus interest = Lowest balance in previous month ^{*} bonus interest^{*}number of days in previous month=
$50,000^{*} 0.1%p.a.^{*} (22/365) = $3.01 
Bonus interest = Lowest balance in previous month ^{*} bonus interest^{*}number of days in previous month=
$50,000^{*} 0.2%p.a.^{*}(28/365)= $7.67 
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  10^{th} January 2017  11^{th} January 2017  31^{st} January 2017  28^{th} February 2017  31^{st} March 2017 
Funds Deposited  $0  $50,000  NA  NA  NA 
Lowest Balance in the month  $0  $50,000  $50,000  
Number of days in the month  22 (10^{th} Jan to 31^{st} Jan)  28  31  
Bonus Counter  0  1  2  
Bonus Interest  Bonus Counter is 0, no bonus interest.  Bonus interest = Lowest balance in previous month ^{*} bonus interest^{*}number of days in previous month =$0*0.1%p.a.* (22/365) = $0  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month=
$50,000* 0.2%p.a.*(28/365)= $7.67 
Bonus counter increases.
End of month 0  End of month 1  End of month 2  End of month 3  
Date  31^{st} January 2017  28^{th} February 2017  31^{st} March 2017  30^{th} April 2017 
Lowest Balance in the month  $50,000  $50,033.97  $50,068.93  $50,110.63 
Number of days in the month  31  28  31  30 
Base Interest rate (assuming Sibor rate= 1%p.a.)  0.8%  0.8%  0.8%  0.8% 
Base Interest accorded at month end  $50,000*0.8%*(31/365)= $33.97  $50,033.97*0.8%*(28/365)=$30.71  $50,068.93*0.8%*(31/365)=$34.02  $50,110.63*0.8%*(30/365)=$32.95 
Bonus Counter  0  1  2  3 
Bonus Interest  Bonus Counter is 0, no bonus interest.  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month =$50,000*0.1%p.a.* (31/365) = $4.25  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month= $50,033.97*0.2%p.a.*(28/365)= $7.68  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month= $50,068.93 *0.3%p.a.*(31/365)= $12.35 
Bonus counter drops to 0.
End of month 3  End of month 4  End of month 5  End of month 6  
Date  31^{st} January 2017  28^{th} February 2017  31^{st} March 2017  30^{th} April 2017 
Lowest Balance in the month  $50,000  $50,046.67  $10,000  $5,000 
Number of days in the month  31  28  31  30 
Base Interest rate (assuming Sibor rate= 1%p.a.)  0.8%  0.8%  0.8%  0.8% 
Base Interest accorded at month end  $50,000*0.8%*(31/365)= $33.97  $50,046.67*0.8%*(28/365)=$30.71  $10,000*0.8%*(31/365)=$6.79  N.A. must maintain min balance of $10k to earn base interest. 
Bonus Counter  3  4  0  0 
Bonus Interest  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month= $50,000*0.3%p.a*(31/366)=$12.70  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month =$50,000*0.4%p.a.* (31/365) = $17.00  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month= NA, as lowest balance has dropped  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month= NA, as lowest balance has dropped 
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  31^{st} January 2017  28^{th} February 2017  31^{st} March 2017  30^{th} April 2017 
Lowest Balance in the month  $50,000  $50,055.14  $10,000  $5,000 
Number of days in the month  31  28  31  30 
Base Interest rate (assuming Sibor rate= 1%p.a.)  0.8%  0.8%  0.8%  0.8% 
Base Interest accorded at month end  $50,000*0.8%*(31/365)= $33.97  $50,055.14*0.8%*(28/365)=$30.72  $10,000*0.8%*(31/365)=$6.79  N.A. must maintain min balance of $10k to earn base interest. 
Bonus Counter  5  6  6  6 
Bonus Interest  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month= $50,000*0.5%p.a*(31/366)=$21.17  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month =$50,000*0.6%p.a.* (31/365) = $25.48  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month= Counter 6 (safety net) = $50,055.14*0.6%p.a.* (28/365) =$23.04  Bonus interest = Lowest balance in previous month * bonus interest*number of days in previous month= Counter 6 (safety net) = $10,000*0.6%p.a.* (31/365) =$5.10 
Terms & Conditions:Terms & Conditions:
Click here for the full terms and conditions
^{#}For illustration purposes, we have provided in this marketing material that the 1month SIBOR is 1% p.a. therefore, the base interest rate set out in this marketing material is 0.8% p.a. based on the 1month SIBOR of 1% p.a. The base interest rate will fluctuate daily in accordance with the movement of the 1month 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$10,000 in your MaxiGain account to earn base interest.
^You 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.
*By fulfilling the necessary conditions, you can achieve 2% interest p.a. (0.8%^{#} base + 1.2% p.a. bonus) from the 13th month onwards. For clarity, the 0.8%^{#} 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.
^{1}First cheque book issued upon account opening is free. Thereafter, issuance of each subsequent cheque book is charged at S$15.
Deposit Insurance Scheme:
Singapore dollar deposits of nonbank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 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.
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