CIMB FastSaver

[Fishdim]

Update:
My acct finally got activated today, after 2 weeks from when I submitted the requested joint acct statement proof, 1.5mth after opening of acct.

Supporting document was submitted on 1 Nov. I received email on 5 Nov to acknowledge receipt and will pass on to relevant dept for processing (beats me why they take 5 days to knowledge they receive my document).

So yesterday, 14 Nov, after waiting for so long without updates, I called again. Then the CSO said they need to call the joint acct holder for verification. That's when I really lost it, so angry. 1 week had passed and they never called for verification. Now that I call in to check for activation status then say need to call. I wanted the CSO to give me a definite activation date after they have made the verification call, but the CSO only said will expedite. Then I said can I cancel the acct since I don't want to wait indefinitely for acct activation which the CSO replied will take another week. Wahhhh, I cannot take it, basically $ stuck inside cannot cancel and dunno when acct will be activated. First time I get angry at CSO. I told her if the acct is not activated today, I'm going to make a police report.

I don't know whether is it the 'police report' threat that make them wake up, my joint acct holder got the verification call yesterday and the acct is activated today.

- The End -

 

[havetheveryfun]

Update:
My acct finally got activated today, after 2 weeks from when I submitted the requested joint acct statement proof, 1.5mth after opening of acct.

Supporting document was submitted on 1 Nov. I received email on 5 Nov to acknowledge receipt and will pass on to relevant dept for processing (beats me why they take 5 days to knowledge they receive my document).

So yesterday, 14 Nov, after waiting for so long without updates, I called again. Then the CSO said they need to call the joint acct holder for verification. That's when I really lost it, so angry. 1 week had passed and they never called for verification. Now that I call in to check for activation status then say need to call. I wanted the CSO to give me a definite activation date after they have made the verification call, but the CSO only said will expedite. Then I said can I cancel the acct since I don't want to wait indefinitely for acct activation which the CSO replied will take another week. Wahhhh, I cannot take it, basically $ stuck inside cannot cancel and dunno when acct will be activated. First time I get angry at CSO. I told her if the acct is not activated today, I'm going to make a police report.

I don't know whether is it the 'police report' threat that make them wake up, my joint acct holder got the verification call yesterday and the acct is activated today.

- The End -

good for u.. mine still not activated after close to 3 weeks
but even after it is activated, do u still wan to put your money with this type of bank. some would rather forego that bit of interest for a better peace of mind.

 

[Fishdim]

good for u.. mine still not activated after close to 3 weeks
but even after it is activated, do u still wan to put your money with this type of bank. some would rather forego that bit of interest for a better peace of mind.

I meant to use the acct as my girl’s savings acct. I’ll prob stick to it for a while since all the other banks don’t offer joint acct option for their high interest saving acct. Plus, fastsaver only need to fulfill $300 Cc spend to get 2.2% which I feel is quite easy to hit.

 

[silverbomb]

I don't know whether is it the 'police report' threat that make them wake up, my joint acct holder got the verification call yesterday and the acct is activated today.

- The End -

police report no use as threat, as it's not a criminal crime. they fall under MAS so any complaint should direct there

 

[DevilPlate]

I applied 1-2 wk ago and still waiting lol
No hurry though since SCB Esaver 2.8% is more attractive for now.

 

[zer0ne]

Depends on ur total amount.
I placed about a million so its >3%

Look again. It's tiered interest even you plough in your million.

 

[Mickey01]

Look again. It's tiered interest even you plough in your million.

so what are you trying to point out?

 

[zer0ne]

so what are you trying to point out?

Just wondering how he arrived at 3+% if what he claimed to put in 1 million. So what are you looking for?

 

[Mickey01]

Just wondering how he arrived at 3+% if what he claimed to put in 1 million. So what are you looking for?

so what is the EIR for $750,000 account balance?

 

[zer0ne]

so what is the EIR for $750,000 account balance?

What numbers you get?

 

[Cumzilla]

I applied 1-2 wk ago and still waiting lol
No hurry though since SCB Esaver 2.8% is more attractive for now.

where got 2.8% for esaver?

 

[abcde83]

Look again. It's tiered interest even you plough in your million.

What do you mean?
Above 250k it's 3.5% right? And no cap right?
Should be 3.1%+ for 1 million no?
100k 1.5%
150k 2.5%
250k onw 3.5%
100*.15+150*.25+750*.35

 

[havetheveryfun]

where got 2.8% for esaver?

by invitation one

 

[havetheveryfun]

I applied 1-2 wk ago and still waiting lol
No hurry though since SCB Esaver 2.8% is more attractive for now.

the issue is the 1k ppl deposited.. if they nv hold on to our 1k its ok to be waiting, but not when they are holding the 1k hostage

 

[saintgtril]

I meant to use the acct as my girl’s savings acct. I’ll prob stick to it for a while since all the other banks don’t offer joint acct option for their high interest saving acct. Plus, fastsaver only need to fulfill $300 Cc spend to get 2.2% which I feel is quite easy to hit.

Hi, please share the details for the $300 CC spend to get 2.2%. Thanks!

 

[lzydata]

Look again. It's tiered interest even you plough in your million.

What do you mean?
Above 250k it's 3.5% right? And no cap right?
Should be 3.1%+ for 1 million no?
100k 1.5%
150k 2.5%
250k onw 3.5%
100*.15+150*.25+750*.35

Yes you are correct abcde83. I think zer0ne got confused because this one is the StarSaver account.

For the FastSaver account, 3.5% pa applies between $50k and $75k and above $75k it is 0.8% pa.

 

[zer0ne]

What do you mean?
Above 250k it's 3.5% right? And no cap right?
Should be 3.1%+ for 1 million no?
100k 1.5%
150k 2.5%
250k onw 3.5%
100*.15+150*.25+750*.35

Yes you are correct abcde83. I think zer0ne got confused because this one is the StarSaver account.

For the FastSaver account, 3.5% pa applies between $50k and $75k and above $75k it is 0.8% pa.

Ok, all good. Thanks.

 

[Cookie Muncher]

anyone signed up for the "Exclusive New-To-Preferred Promotion"

 

[Cumzilla]

the issue is the 1k ppl deposited.. if they nv hold on to our 1k its ok to be waiting, but not when they are holding the 1k hostage

din know now u need to deposit 1k 1st to open the account and then wait for to be activated.

 

[Fishdim]

Hi, please share the details for the $300 CC spend to get 2.2%. Thanks!

Hi,
I don’t know how to post image, here’s the link to Fastsaver pg. https://www.cimb.com.sg/en/personal.../savings-accounts/cimb-fastsaver-account.html

just scroll down to the interest rates table, Fastsaver acct + min 300 visa signature card spend.