CITI MAXIGAIN SAVINGS ACCOUNT

Get up to 2.2%^* p.a. on your savings and start a Citi Priority relationship with S$70,000.

Citi MaxiGain Savings Account

GET 2.2% P.A. IN 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

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

Total Interest

2.2% ^* p.a.

How the interest rates add up:

Base Rate^# (p.a.)	Bonus Rate^{^} (p.a.)	Total Interest Rate^* (p.a.)
1%^#	Month 1 0.1%	1.1%
	Month 2 0.2%	1.2%
	Month 3 0.3%	1.3%
	to	to
	Month 11 1.1%	2.1%
	Month 12 1.2%	2.2%

CALCULATE YOUR INTEREST HERE

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Instant payments & transfers and real-time balance updates with Citi Mobile^® App
Wealth creation

Priority banking wealth packages with preferential rates and personalised services
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Bite-sized tips on financial planning and digital investment solutions that are time and fee-saving
Global banking benefits

Free Citibank Global Transfer and ATM withdrawals at Citibank ATMs worldwide
Exclusive privileges

Year-round Citi Priority Delights offers and lifestyle privileges with privileges with Citi Priority Debit Mastercard^®

MOVING SIBOR RATE

Citi Savings Account 1-Month SGD SIBOR Rate (% p.a.)

'1-Month SGD SIBOR Rate' refers to the previous Business Day's 1-Month SGD SIBOR Rate.
The historical moving SIBOR rates are provided for illustration purposes only. Please refer to the Terms and Conditions for more information.

FAQs

Click on to expand and on to minimise the details.

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$250,000
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	$150,000 x 0.20% x 31/365 = $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

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

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?

You can visit the website: http://www.abs.org.sg/rates_sibor.php for updated 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	18^th February 2019	19^th February 2019	28^th February 2019	31^st March 2019	30^th 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 (18^th Feb to 28^th 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**

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	18^th February 2019	19^th February 2019	28^th February 2019	31^st March 2019	30^th April 2019
Funds Deposited	$0	$0	NA	NA	NA
Lowest Balance in the month			S$0	S$70,000	S$70,000
Number of days in the month			10 (18^th Feb to 28^th 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

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	28^th February 2019	31^st March 2019	30^th April 2019	31^st 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 * 0.2% 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 * 0.3% 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	28^th February 2019	31^st March 2019	30^th April 2019	31^st 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

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	28^th February 2019	31^st March 2019	30^th April 2019	31^st 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**

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Terms & conditions:Terms & conditions:

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^#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.

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Deposit Insurance Scheme:

Singapore dollar deposits of non-bank 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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