Growing Your Savings Shouldn’t Be Difficult. Here’s Why Citibank’s Fuss-Free Solution Makes Life Easier

savings account

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There are lots of ways to grow your savings and make your money work just a bit harder for you, as regular readers of the MoneySmart blog should already know.

The trouble is, trying to get the best interest rates, cashback and so on often feels like hunting for unicorns.

More often than not, you end up struggling to fulfill multiple criteria to qualify for your savings account’s maximum interest rate, or go nuts trying to track your credit card spending in order to earn cashback.

Growing your savings doesn’t have to be so complicated.

Keep things simple by choosing an account like Citi MaxiGain Savings Account, which lets you grow your money in a simple, straightforward way.


Grow your money the easy way with Citi MaxiGain Savings Account

Say goodbye to fretting about and tracking whether you’ve managed to “hit” the minimum card spend or GIRO transactions for the month just to get the maximum interest rate.

With Citi MaxiGain Savings Account, growing your savings has never been easier and more fuss-free.

Your Citi MaxiGain account balance can earn a base and bonus interest rate of up to 2.2% interest per annum.

To earn the base interest rate, all you have to do is maintain a $70,000 daily balance at the end of each day.

On top of the base interest rate, you can also earn up to 1.2% per annum bonus interest rate.

You will earn bonus interest that steps up every month  when your lowest balance of current month remains the same as or more than the preceding month’s lowest balance. Bonus interest rate starts at 0.1% per annum and steps up  to a maximum of 1.2% per annum in Month 12.

Base Rate (p.a.) Bonus Rate (p.a.) Total Interest Rate (p.a.)
1% (assuming 70% of SIBOR of 1.43%) Month 1 – 0.1% 1.1%
Month 2 – 0.2% 1.2%
Month 3 – 0.3% 1.3%
Month 4 – 0.4% 1.4%
Month 5 – 0.5% 1.5%
Month 6 – 0.6% 1.6%
Month 7 – 0.7% 1.7%
Month 8 – 0.8% 1.8%
Month 9 – 0.9% 1.9%
Month 10 – 1.0% 2.0%
Month 11 – 1.1% 2.1%
Month 12 – 1.2% 2.2%

Both base interest and bonus interest are paid out on balances up to $150,000. That’s a pretty high interest cap for savings accounts.

Within 12 months of opening your Citi MaxiGain Savings Account with a deposit of at least $70,000, you could potentially be earning a cool 2.2% interest per annum.


Let’s say you decide to stash away $70,000 in your Citi MaxiGain Savings Account, and save $1000 per month for 12 months with no withdrawals. After a year, your $82,000 balance would have grown into $83,336.39. That means you would have earned $1,336.39 in interest over the course of the year simply by keeping your money with Citi!


You also get to enjoy Citi Priority benefits

Priority banking privileges come a little easier if you use the Citi MaxiGain Savings Account. With a $70,000 deposit in the account, you also get to enjoy exclusive Citi Priority banking benefits.

As a Citi Priority banking customer, you enjoy preferential rates, exclusive birthday and lifestyle privileges such as 1-for-1 dining deals, plus a dedicated team of personal bankers to assist you with your banking needs.

To further help with your wealth planning, Citi Priority clients are offered monthly bite-sized tips on financial planning, and a suite of digital investment solutions that are fee and time-saving, all while helping you to grow your wealth efficiently.


Who is Citi MaxiGain suitable for?

If you want a hassle-free way to grow your savings, and you hate having to fulfill multiple criteria in order to earn interest, the Citi MaxiGain Savings Account may be something you can consider. Even better is if you have spare $70,000 to stash away, you get to benefit from interest rates pegged against the currently upwards-trending SIBOR while doing absolutely nothing.

To simplify your life while growing your wealth, apply for the Citi MaxiGain Savings Account here.


Terms and Conditions apply. 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