Citibank Maxisave Sweep Account

Citibank Maxisave Sweep Account

Citibank Maxisave Sweep Account earns you bank savings interest starting from 0.35% per annum. Strictly speaking though, the Citibank Maxisave Sweep Account is not your typical Singapore Savings account.

It is structured to earn higher interest rates if you hold the savings for periods like 6 months to 1 year. It still allows you to withdraw sums prematurely, but then you will earn a lower interest rate. If you have less than $10000 to save, this account will be out of your reach.

We give you more details on the Citibank Maxisave Sweep Account, based on details released on their website.

Citibank MaxiSave Sweep Account lets you enjoy instant access to your cash in your account including funds in your unfixed deposit. You can access your account from over 125 ATMs anytime. You will also earn 0.35% p.a. on the withdrawn amount from your unfixed deposit (subject to terms and conditions).

After a minimum tenure of 1 month in Citibank Maxisave Sweep Account, on your unfixed deposit you can withdraw cash in blocks of S$1,000 and still earn a high interest of 0.35% p.a. on your withdrawn amount (based on completed tenure). Thus you can have instant access to your cash, like a savings account.

The minimum sum to start Citibank Maxisave Sweep Account is S$10,000 and the maximum amount is one million Singapore dollars per customer.

Recommendation
To maximise your interest earnings, you should aim to keep your savings longer in Citibank Maxisave Sweep Account, like the way you do for a fixed deposit.

For more information, refer to Singapore Fixed Deposits' Citibank Maxisave Sweep Account post at http://singapore-fixed-deposits.com/

To compare the best rates for Fixed Deposits, check out Singapore Fixed Deposits blog. http://singapore-fixed-deposits.com/


Thank you for reading Singapore Savings Account Rates blog.