No minimum balance to earn base and bonus interest on your account
Citi MaxiGain Account
Get up to 3.01%*p.a. interest on your savings with Citi MaxiGain Account.
Important Notice:
From 1 October 2024, the bonus interest rate for the Citi MaxiGain Account will step up each month starting from 0.25% p.a. to a maximum of 3.00% p.a. There is no action required and the revised bonus interest rate will apply to the account automatically.
- About
- How it works
- How to Apply
- FAQs
A simple and easy way to grow your money
Grow your savings
Extra bonus interest
Bonus interest rate that steps up monthly to a maximum of 3.00% p.a. after 12 months
Citibank Debit Mastercard
Free cash withdrawals at Citibank ATMs, as well as access to merchants worldwide
Access your account
Mobile, Online and Phone banking services available
Make transfers easily
Free Citibank Global Transfers
Save and earn total interest up to
3.01%* p.a.
on the Citi MaxiGain Account
*By fulfilling the necessary conditions, you can achieve up to 3.01% p.a. interest (0.01% p.a. base + 3.00% p.a. bonus) from the 13th month onwards.
Base Interest
0.01% # p.a.
- On the entire account balance
- No min. balance required to earn the base interest rates
+
Bonus Interest
3.00%^ p.a.
- On the first S$70,000
- Bonus interest rates that steps up monthly from 0.25%^p.a. to a max. of 3.00%^ p.a.
=
Total Interest
3.01%* p.a.
- Earn this rate from your 13th month onwards
See how the interest add up:
| Month Counter* | Base Rate# (p.a.) | Bonus Rate^ (p.a.) | Total Interest Rate* (p.a.) |
|---|---|---|---|
| 0 | 0.01% | - | 0.01% |
| 1 | 0.01% | 0.25% | 0.26% |
| 2 | 0.01% | 0.50% | 0.51% |
| 3 | 0.01% | 0.75% | 0.76% |
| to | to | ||
| 11 | 0.01% | 2.75% | 2.76% |
| 12 | 0.01% | 3.00% | 3.01% |
 Eligibility Criteria |
• Individuals aged 18 years old and above. • Individuals between 16 and 18 years old as secondary account holder. |
If you have a Citibank current/savings account, apply* for Citi MaxiGain Account via the Citi Mobile® App:
* Applicable for Existing Citi customers who hold single joint/ single banking account only
If you do not have a Citibank current/savings account, apply for the Citi Interest Booster or Citi Wealth First Account first and add on Citi MaxiGain account thereafter:
You will earn base interest and bonus interest on your Citi MaxiGain Account ("MaxiGain account") if certain criteria are met.
The Bank shall pay you base interest of 0.01% p.a. on your average daily balance at the end of each month. No minimum balance is required to earn Base Interest.
Your balances capped at S$70,000 shall accrue bonus interest at a rate ("Bonus Interest Rate") that steps up each month, from 0.25% p.a. to a maximum of 3.00% p.a., if the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month.
The Counter increases by 1 each time the Bonus Interest Rate steps up. The Bonus Interest Rate steps up in a month if the lowest balance in that month is equal to or greater than the lowest balance in the previous month. Bonus interest is computed based on the previous month's lowest balance and number of calendar days in the previous month. The lowest amount of funds in your MaxiGain account at any point in time in a month shall be the "lowest balance" of that month.
Please see the table below for illustration:
| Month 1 | Month 2 | Month 3 | |
| Lowest Balance | S$30,000 | S$75,000 | S$80,000 |
| Number of days in month | 28 | 31 | 30 |
| Counter | 0 | 1 | 2 |
| Bonus Interest Rate | 0% p.a. | 0.25% p.a. | 0.50% p.a. |
| Bonus interest | N.A | S$30,000 x 0.25% x 28/365 = S$5.75 | S$70,000 x 0.50% x 31/365 = S$29.73 |
The lowest balance of that month will be the lowest amount of funds in your MaxiGain account at any point in time in the month (which includes the first day on which your MaxiGain account is opened). The lowest balance for the first month will be zero if the MaxiGain account is not funded on the day it is opened.
| Scenario 1 | Scenario 2 | |
| End Day Balance | End Day Balance | |
| Account Opening Day (Day 1) |
S$0 | S$10,000 |
| Day 2 | S$10,000 | S$10,000 |
| Day 3 | S$12,000 | S$10,000 |
| Day 4 to Day 31 | S$15,000 | S$15,000 |
| Lowest Balance for the month | S$0 | S$10,000 |
No minimum balance is required to earn base interest and bonus interest. Bonus interest will accrue in a month at the relevant Bonus Interest Rate for so long as the Counter for that month is higher than zero.
| MaxiGain Account Balance | Base Interest | Bonus Interest |
| First S$70,000^ | 0.01% p.a. | Up to 3.00% p.a., depending on the Counter |
| Above S$70,000 | 0.01% p.a. | N.A. |
| Conditions | N.A. | Lowest balance in the interest payment month must be equal to or greater than the lowest balance in the previous month. Counter must be higher than zero. |
If your lowest balance in the current month is lower than the lowest balance in the previous month, the Counter will reset as follows:
| Counter in the Previous Month | Counter in the Current Month |
| 0-5 | 0 |
| 6-12 | 6 |
You will receive your base interest on the last day of a month. For example, you will receive your bonus interest on the last day of December 2024, provided the lowest balance in December 2024 is equal to or greater than the lowest balance in November 2024.
Refer to below illustration.
| Account Opening day | After Account Opening day | End of month 1 | End of month 2 | End of month 3 | |
| Date | 18th November 2024 |
19th November 2024 |
30st November 2024 |
31st December 2024 |
31st January 2025 |
| Funds Deposited | S$70,000 | NA | NA | NA | NA |
| Lowest Balance in the month | S$70,000 | S$70,000.25 | S$70,007.07 | ||
| Number of days in the month | 13 (18th Nov to 30th Nov) | 31 | 31 | ||
| Base interest | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. |
| Base Interest Rate accorded at month end | S$70,000 x 0.01% x (13/365) = S$0.25 | S$70,000.25 x 0.01% x (31/365) = S$0.59 | S$70,007.07 x 0.01% x (31/365) = S$0.59 | ||
| Bonus Counter / Bonus Interest Rate | 0 / 0% p.a. | 1 / 0.25% p.a. | 2 / 0.50% p.a. | ||
| Bonus Interest | Bonus Counter is 0, no bonus interest | Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 0.25% p.a. x (31/365) = S$6.23 |
Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 0.50% p.a. x (31/365) = S$29.73 |
Bonus interest for Month 2 will be affected; no effect on the other months.
| Account Opening day | After Account Opening day | End of month 1 | End of month 2 | End of month 3 | |
| Date | 18th November 2024 |
19th November 2024 |
30th November 2024 |
31st December 2024 |
31st January 2025 |
| Funds Deposited | $0 | S$70,000 | NA | NA | NA |
| Lowest Balance in the month | S$0 | S$70,000.23 | S$70,000.82 | ||
| Number of days in the month | 13 (18th Nov to 30th Nov) | 31 | 31 | ||
| Base interest | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. |
| Base Interest Rate accorded at month end | S$0 x 0.01% x (1/365) + S$70,000 x 0.01% x (12/365) = S$0.23 | S$70,000.23 x 0.01% x (31/365) = S$0.59 | S$70,000.82 x 0.01% x (31/365) = S$0.59 | ||
| Bonus Counter / Bonus Interest Rate | 0 / 0% p.a. | 1 / 0.25% p.a. | 2 / 0.50% p.a. | ||
| Bonus Interest | Bonus Counter is 0, no bonus interest. Day 1 balance is 0, no base interest | Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$0 x 0.25% p.a. x (13/365) = S$0 |
Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 0.50% p.a. x (31/365) = S$29.73 |
Bonus counter increases.
| End of month 1 | End of month 2 | End of month 3 | End of month 4 | |
| Date | 30th November 2024 |
31st December 2024 |
31st January 2025 |
28th February 2025 |
| Lowest Balance in the month | S$70,000 | S$70,000.58 | S$70,015.55 | S$70,045.87 |
| Number of days in the month | 30 | 31 | 31 | 28 |
| Base Interest rate | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. |
| Base Interest accorded at month end | S$ 70,000 x 0.01% x (30/365) = S$0.58 | S$70,000.58 x 0.01% x (31/365) = S$0.59 | S$70,0015.55 x 0.01% x (31/365) = S$0.59 | S$75,045.87 x 0.01% x (28/365) = S$0.54 |
| Bonus Counter / Bonus Interest Rate | 0 / 0% p.a. | 1 / 0.25% p.a. | 2 / 0.50% p.a. | 3 / 0.75% p.a. |
| Bonus Interest | Bonus Counter is 0, no bonus interest. | Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 0.25% x (30/365) = S$14.38 |
Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 0.50% x (31/365) = S$29.73 |
Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 0.75% x (31/365) = S$44.59 |
Bonus counter drops to 0.
| End of month 4 | End of month 5 | End of month 6 | End of month 7 | |
| Date | 28th February 2025 |
31st March 2025 |
30th April 2025 |
31st May 2025 |
| Lowest Balance in the month | S$75,000 | S$75,045.17 | S$30,000 | S$20,000 |
| Number of days in the month | 28 | 31 | 30 | 31 |
| Base Interest rate | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. |
| Base Interest accorded at month end | S$75,000 x 0.01% x (28/365) = S$0.58 | S$75,045.17 x 0.01% x (31/365) = S$0.64 | S$30,000 x 0.01% x (30/365) = S$0.25 | S$20,000 x 0.01% x (31/365) = S$0.17 |
| Bonus Counter / Bonus Interest Rate | 3 / 0.75% p.a. | 4 / 1.00% p.a. | 0 / 0% p.a. | 0 / 0% p.a. |
| Bonus Interest | Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 0.75% x (31/365) = S$44.59 |
Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 1.00% x (31/365) = S$59.45 |
Bonus Counter is 0, no bonus interest. | Bonus Counter is 0, no bonus interest. |
Bonus counter drops to 6, safety net in place.
| End of month 6 | End of month 7 | End of month 8 | End of month 9 | |
| Date | 30th April 2025 |
31st May 2025 |
30th June 2025 |
31st July 2025 |
| Lowest Balance in the month | S$150,000 | S$150,075.55 | S$120,000 | S$100,000 |
| Number of days in the month | 30 | 31 | 30 | 31 |
| Base Interest rate | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. | 0.01% p.a. |
| Base Interest accorded at month end | S$150,000 x 0.01% x (30/365) = S$1.23 | S$150,075.55 x 0.01% x (31/365) = S$1.27 | S$ 120,000 x 0.01% x (30/365) = S$0.99 | S$ 100,000 x 0.01% x (31/365) = S$0.85 |
| Bonus Counter / Bonus Interest Rate | 5 / 1.25% p.a. | 6 / 1.50% p.a. | 6 / 1.50% p.a. | 6 / 1.50% p.a. |
| Bonus Interest | Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 1.25% x (31/365) = S$74.32 |
Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 1.50% x (30/365) = S$86.30 |
Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 1.50% x (31/365) = S$89.18 |
Bonus interest = Lowest balance in previous month x bonus interest rate x number of days in previous month S$70,000 x 1.50% x (30/365) = S$86.30 |
Click here for the full terms and conditions.
#The base interest rate will be paid on the entire balance of your Citi MaxiGain Account ("MaxiGain account"). No minimum balance is required to earn base interest.
^Your balances capped at S$70,000 shall accrue bonus interest at a rate (“Bonus Interest Rate”) that steps up each month, from 0.25% p.a. to a maximum of 3.00% p.a., calculated based on your lowest balance in the previous month, if the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month. The lowest amount of funds in your MaxiGain account at any point in time in a month shall be the “lowest balance” of that month. The “Counter” increases by 1 each time the Bonus Interest Rate steps up. No minimum balance is required in your MaxiGain account to earn bonus interest.
*By fulfilling the necessary conditions, you can achieve up to 3.01% p.a. interest (0.01% p.a. base + 3.00% p.a. bonus) from the 13th month onwards. For clarity, the 0.01% p.a. interest is applicable on the daily balance and 3.00% p.a. interest is applicable on the lowest balance in the previous month provided the necessary conditions are fulfilled.
The promotions, products and services mentioned in the referenced document are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey, Monaco, San Marino, Vatican, The Isle of Man, the UK, Brazil, New Zealand, Jamaica, Ecuador or Sri Lanka. The referenced document is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the promotions, products and services mentioned therein to such individuals.
Deposit Insurance Scheme:
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 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 www.sdic.org.sg.
Citibank full disclaimers, terms and conditions apply to individual products and banking services.
© 2024 Citigroup Inc