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Anonymous

13 Nov 2019

∙

Hi I have around 40k of idle cash, no income.. from the reviews I see that CIMB Fast Saver and Citi MaxiGain are the 2 most popular savings account without having the need to credit salary. Which one should I go for?

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Junus Eu

13 Nov 2019

Personally I have liked Citibank Maxigain for up to $150k, and post which I tend channel it to CIMB for the rest. THAT SAID they have revised their fine print such that there will be a massive drop in interest rate from 2 Dec 2019 onwards, potentially from the current 2.5% to 1.5%. I will be looking out for other places to park my cash!

What I do is to max out Citibank Maxigain, then put the rest in CIMB.

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Eric Chia

20 Aug 2018

Senior Financial Consultant at Prudential

CIMB FastSaver is hassle free but if you have the time to transact online and be sure your savings grow monthly, Citi MaxiGain would be better in the long run.

Do note the interest rates for Citi MaxiGain will fluctuate every month - it's base interest rate is 80% of 1-month SIBOR!

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Isabella Jo

19 Aug 2018

I think the answer depends on whether you would need the money soon or not. Cimb gives you 1% intere...

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