Citi MaxiGain Account

Watch your savings grow over time.

About
How it works
How to Apply
FAQs

A simple and easy way to grow your money

Grow your savings

No minimum balance to earn base and bonus interest on your account

Extra bonus interest

Bonus interest rate that steps up monthly to a maximum of 2.40% p.a. interest after 12 months

Citibank Debit Mastercard®

Free cash withdrawals at Citibank ATMs, as well as access to merchants worldwide

Access your Account

Log on to the Citi Mobile® App, Citibank Online or call us via Phone Banking

Make transfers easily

Free Citibank Global Transfers

Base Interest

0.01% ^# p.a.

On the entire account balance
No min. balance required to earn the base interest rates

+

Bonus Interest

2.40%^{^} p.a.

On the first S$100,000
Bonus interest rates that steps up monthly from 0.20% ^p.a. to a max. of 2.40%^ p.a.

=

Total Interest

2.41%^* p.a.

Earn this rate from your 13^th month onwards

See how the interest add up:

Month Counter^*	Base Rate^# (p.a.)	Bonus Rate^{^} (p.a.)	Total Interest Rate^* (p.a.)
0	0.01%	-	0.01%
1	0.01%	0.20%	0.21%
2	0.01%	0.40%	0.41%
3	0.01%	0.60%	0.61%
to	to
11	0.01%	2.20%	2.21%
12	0.01%	2.40%	2.41%

Eligibility Criteria

• Individuals aged 18 years old and above.

• Individuals between 16 and 18 years old as secondary account holder.

If you have a Citibank current/savings account, apply^* for Citi MaxiGain Account via the Citi Mobile® App:

Here’s how:

Select ‘Deposit Account’

Select ‘Citi MaxiGain Account’

Review the details and tap on ‘Apply Now’

* Applicable for Existing Citi customers who hold single joint/ single banking account only

If you do not have a Citibank current/savings account, apply for the Citi Interest Booster or Citi Wealth First Account first and add on Citi MaxiGain account thereafter:

Citi Interest Booster Account

Earn interest when you spend, save and invest with us. Plus, get up to S$150⁺ cash reward when you join Citi Plus now! ⁺T&Cs apply.

Apply Now

Citi Wealth First Account

Your wealth journey with us is now more fulfilling. Earn up to 7.51%⁺⁺ p.a. interest as you spend, invest, insure, borrow and save.⁺⁺T&Cs apply.

Apply Now

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

The Bank shall pay you base interest on your end of day daily balance, interest amount is accrued daily and credited at the end of each month. No minimum balance is required to earn Base Interest.

Your balances capped at S$100,000 shall earn bonus interest at a rate ("Bonus Interest Rate") that steps up each month, from 0.20% p.a. to a maximum of 2.40% 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 previous month. Bonus interest is computed based on the previous month's lowest balance and number of calendar days 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.

Please see the table below for illustration:

	Month 1	Month 2	Month 3
Lowest Balance	S$30,000	S$105,000	S$100,000
Number of days in month	28	31	30
Counter	0	1	2
Bonus Interest Rate	0% p.a.	0.20% p.a.	0.40% p.a.
Bonus interest	N.A	S$30,000 x 0.20% x 28/365 =S$4.60	S$100,000 x 0.40% x 31/365 =S$33.97

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

No minimum balance is required to earn base interest and bonus interest. Bonus interest will be calculated 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$100,000^	0.01% p.a.	Up to 2.40% p.a., depending on the Counter
Above S$100,000	0.01% p.a.	N.A.
Conditions	N.A.	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.

If your lowest balance in the current month is lower than the lowest balance in the previous month, the Counter will reset as follows:

Counter in the Previous Month	Counter in the Current Month
0-5	0
6-12	6

You will receive your base interest on the last day of a month. For example, you will receive your bonus interest on the last day of August, provided the lowest balance in August is equal to or greater than the lowest balance in July.

Refer to below illustration.

	Account Opening day	After Account Opening day	End of month 1	End of month 2	End of month 3
Date	18 June	19 June	30 June	31 July	31 August
Funds Deposited	S$100,000	NA	NA	NA	NA
Lowest balance in the month / Average Daily Balance			S$100,000	S$100,000.36	S$100,010.11
Number of days in the month			13 (18 Jun to 30 Jun)	31	31
Base interest	0.01% p.a.	0.01% p.a.	0.01% p.a.	0.01% p.a.	0.01% p.a.
Base Interest accorded at month end			S$100,000 x 0.01% x (13/365) = S$0.36	S$100,000.36 x 0.01% x (31/365) = S$0.85	S$100,010.11 x 0.01% x (31/365) = S$0.85
Bonus Counter / Bonus Interest Rate			0 / 0% p.a.	1 / 0.20% p.a.	2 / 0.40% p.a.
Bonus Interest			Bonus Counter is 0, no bonus interest	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 0.20% x 13/365 = S$7.12	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 0.40% x 31/365 = S$33.97

Bonus interest for Month 2 will be affected; no effect on the other months.

	Account Opening day	After Account Opening day	End of month 1	End of month 2	End of month 3
Date	18 June	19 June	30 June	31 July	31 August
Funds Deposited	$0	S$100,000	NA	NA	NA
Lowest balance in the month / Average Daily Balance			S$0	S$100,000.33	S$100,001.18
Number of days in the month			13 (18th Jun to 30 Jun)	31	31
Base interest	0.01% p.a.	0.01% p.a.	0.01% p.a.	0.01% p.a.	0.01% p.a.
Base Interest accorded at month end			S$0 x 0.01% x (1/365) + S$100,000 x 0.01% x (12/365) = S$0.33	S$100,000.33 x 0.01% x (31/365) = S$0.85	S$100,001.18 x 0.01% x (31/365) = S$0.85
Bonus Counter / Bonus Interest Rate			0 / 0% p.a.	1 / 0.20% p.a.	2 / 0.40% p.a.
Bonus Interest			Bonus Counter is 0, no bonus interest	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$0 x 0.20% x (13/365) = S$0	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 0.40% x (31/365) = S$33.97

Bonus counter increases.

	End of month 1	End of month 2	End of month 3	End of month 4
Date	30 June	31 July	31 August	30 September
Lowest balance in the month / Average Daily Balance	S$100,000	S$100,000.82	S$100,017.26	S$100,052.08
Number of days in the month	30	31	31	30
Base Interest rate	0.01% p.a.	0.01% p.a.	0.01% p.a.	0.01% p.a.
Base Interest accorded at month end	S$ 100,000 x 0.01% x (30/365) = S$0.82	S$ 100,000.82 x 0.01% x (31/365) = S$0.85	S$100,017.26 x 0.01% x (31/365) = S$0.85	S$100,052.08 x 0.01% x (30/365) = S$0.82
Bonus Counter / Bonus Interest Rate	0 / 0% p.a.	1 / 0.20% p.a.	2 / 0.40% p.a.	3 / 0.60% p.a.
Bonus Interest	Bonus Counter is 0, no bonus interest.	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 0.20% x (30/365) = S$16.44	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 0.40% x (31/365) = S$33.97	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 0.60% x (31/365) = S$50.96

Bonus counter drops to 0.

	End of month 4	End of month 5	End of month 6	End of month 7
Date	30 September	31 October	30 November	31 December
Lowest balance in the month / Average Daily Balance	S$105,000	S$105,051.82	S$30,000	S$20,000
Number of days in the month	30	31	30	31
Base Interest rate	0.01% p.a.	0.01% p.a.	0.01% p.a.	0.01% p.a.
Base Interest accorded at month end	S$105,000 x 0.01% x (30/365) = S$0.86	105,051.82 x 0.01% x (31/365) = S$0.89	S$30,000 x 0.01% x (30/365) = S$0.25	S$20,000 x 0.01% x (31/365) = S$0.17
Bonus Counter / Bonus Interest Rate	3 / 0.60% p.a.	4 / 0.80% p.a.	0 / 0% p.a.	0 / 0% p.a.
Bonus Interest	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 0.60% x (31/365) = S$50.96	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 0.80% x (30/365) = S$65.75	Bonus Counter is 0, no bonus interest.	Bonus Counter is 0, no bonus interest.

Bonus counter drops to 6, safety net in place.

	End of month 6	End of month 7	End of month 8	End of month 9
Date	30 April	31 May	30 June	31 July
Lowest balance in the month / Average Daily Balance	S$150,000	S$150,086.16	S$120,000	S$100,000
Number of days in the month	30	31	30	31
Base Interest rate	0.01% p.a.	0.01% p.a.	0.01% p.a.	0.01% p.a.
Base Interest accorded at month end	S$150,000 x 0.01% x (30/365) = S$1.23	150,086.16 x 0.01% x (31/365) = S$12.75	S$ 120,000 x 0.01% x (30/365) = S$0.99	S$ 100,000 x 0.01% x (31/365) = S$0.85
Bonus Counter / Bonus Interest Rate	5 / 1.00% p.a.	6 / 1.20% p.a.	6 / 1.20% p.a.	6 / 1.20% p.a.
Bonus Interest	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 1.00% x (31/365) = S$84.93	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 1.20% x (30/365) = S$98.63	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 1.20% x (31/365) = S$101.92	Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$100,000 x 1.20% x (30/365) = S$98.63

Click here for the full terms and conditions.

^#The base interest rate will be paid on the entire balance of your Citi MaxiGain Account ("MaxiGain account"). No minimum balance is required to earn base interest.

^{^}Your balances capped at S$100,000 shall accrue bonus interest at a rate (“Bonus Interest Rate”) that steps up each month, from 0.20% p.a. to a maximum of 2.40% 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 up to 2.41% interest p.a. (0.01% p.a. base + 2.40% p.a. bonus) from the 13^th month onwards. For clarity, the 0.01% interest p.a. is applicable on the daily balance and up to 2.40%p.a. interest is applicable on the lowest balance in the previous month provided the necessary conditions are fulfilled.

The promotions, products and services mentioned in the referenced document are not offered to individuals resident in certain countries/jurisdictions. For the comprehensive list of these countries/jurisdictions, please refer to the "Privacy" section in the footer of our Citibank Website. The referenced document is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the promotions, products and services mentioned therein 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$100,000 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.

Disclaimer

Important Investment Information

Investment products are: Not Bank Deposits. Not Bank Guaranteed. May Lose Value. Not Insured By Any Government Agency. Investment products are not available to U.S. Persons.

Important Insurance Disclosures

The insurance plans are underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) ("AIA") and distributed by Citibank Singapore Limited. All insurance applications are subject to AIA’s underwriting and acceptance. This is only general product information provided and is not a contract of insurance. The information provided must be read with, and is subject to, all the terms and conditions and exclusions contained in the policy contract. Protected up to specified limits by SDIC. Please refer to full disclosures applicable to relevant product(s) and/or service(s).

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

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

Download the Citi Mobile^® App