Citibank MaxiGain Savings Account has often been touted on forums as a high-yielding bank account in Singapore that does not require account holders to do anything to achieve a very high interest rate. However, there is a famous saying that all good things must come to an end. That is exactly what’s going to happen to the best savings account in Singapore come 2 January 2019. Let’s not waste time and get straight into the critical changes to the Citibank MaxiGain Savings Account that you must know.

1. Base Interest Rate Is Now Pegged At 70% of 1M-SIBOR

When Heartland Boy first reviewed the Citi MaxiGain Savings Account, Base Interest Rate was pegged at 80% of 1-Month SIBOR. In April 2018 when the article was first published, SIBOR was 1.375% then. Today, the 1-Month SIBOR has increased to 1.64%*. In an environment of rising interest rates, ...