By The Boy Who Procrastinates – December 08, 2018
Citibank has officially announced that there will be revision made to the Citi MaxiGain Account from 2 Jan 2019, finally putting the rumour on upcoming changes to rest. Launched in Feb 2016, this will be the first time that Citibank will be revising the terms for this passive savings account.
This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the revised Terms & Conditions and FAQ for more information.
Summary of the Current Interest Rate Mechanism for Citi MaxiGain Account
Before examining the upcoming revision to the Citi MaxiGain Account, it is probably beneficial to have a good understanding and recap of its current interest rate mechanism. For ease of reference, I will briefly summarize on how an account