CIMB FastSaver

[vsvs24]

For existing customers, bonus interest only on incremental funds only, hence will be lower % nett.. not worth it?
Unless new customers can earn full 3.5%

Many existing customers like me have low balance. I have only $2 as at 31 Jul

 

[pratik28]

my understanding from cimb CS is that if July account is zero. I need to top up min 1k from August onwards to enjoy 1.5%+2% = 3.5%

Thanks, my understanding is same too. Just that the cs I spoke to was strangely confident of her wrong info and even claimed to verify with supervisor, lol

 

[pratik28]

For existing customers, bonus interest only on incremental funds only, hence will be lower % nett.. not worth it?
Unless new customers can earn full 3.5%

Many existing customers like me have low balance. I have only $2 as at 31 Jul

haha, same. I also $2 in July.
I guess depends on what your end Jul bal is to be worth it anot!

 

[heng_ah]

For existing customers, bonus interest only on incremental funds only, hence will be lower % nett.. not worth it?
Unless new customers can earn full 3.5%

Very worth it indeed. My existing CIMB accounts have been dormant with 0 balance for quite long time.
My funds from other places (EGA,eSaver,GXS) now can flow to my CIMB dormant account to earn 3.5% and stay liquid

 

[ThreeSteps]

As an existing CIMB customer

End of 31 Jul if I have 10k in fastsaver
1 Aug transferred the 10k to GXS

Then 17 Aug transfer this 10k back to CIMB

Will not earn the 3.5% I reckon?

T&Cs for Existing Customers: https://www.cimb.com.sg/content/dam...overning-casa-bonus-interest-promo-23-etb.pdf

The promo consists of 2 type of interests: Prevailing interest and Bonus interest. It is the bonus interest calculation that compare against the 31July balance. Refer to t&cs.
I think the $10k (from 17Aug) may get prevailing interest @1.5% tier but bonus interest will be $0 due to $10k less $10k(31July balance).

 

[~sabaisabai~]

Many existing customers like me have low balance. I have only $2 as at 31 Jul

I've kosong

 

[~sabaisabai~]

Thanks, my understanding is same too. Just that the cs I spoke to was strangely confident of her wrong info and even claimed to verify with supervisor, lol

the cs like blur blur
I called up 2x. one told me must have 1k in saving account and 5k in current account for existing customer. I kept asking her many times till she eventually said oh. you no need to have 2 accounts to eligible for the interest

 

[BaDBoI]

With GXS being nerfed starting 17 Aug, seems like this is the next best place to go for fuss free if u have existing CIMB Fastsaver with minimal 31 Jul balance.

existing with low bal on 31jul OR
New customer will also benefit full 3.5%

 

[yiron]

existing with low bal on 31jul OR
New customer will also benefit full 3.5%

New customers a bit more restrictive compared to existing, need to maintain or increase MAB to get bonus interest.
Existing just counts incremental MAB vs EOD balance of 31 Jul which could be $0 so it's essential a no-frills no cap 3.5% account until 31 Jan 2024.

This is one of those rare instances where existing customers get better treatment than new customers...

 

[tiertime]

If I want to deposit on 1st Sep to earn the 3.5% , is it I shd open the account with $1k by end Aug to standby first (after account successfully open I can immediately withdraw to $0)

or I can visit on 1st Sep and can open account instantly to deposit and earn the 3.5% ?

 

[havetheveryfun]

I've kosong

u all kosong acc never get closed so good..
last time my cimb kosong for 1-2 years then they close my account

 

[crimsontactics]

This one ish daily interest like GXS?

 

[vsvs24]

u all kosong acc never get closed so good..
last time my cimb kosong for 1-2 years then they close my account

That's why I leave $1 in Starsaver and $2 in Fastsaver

 

[vsvs24]

This one ish daily interest like GXS?

Yah

 

[vsvs24]

If I want to deposit on 1st Sep to earn the 3.5% , is it I shd open the account with $1k by end Aug to standby first (after account successfully open I can immediately withdraw to $0)

or I can visit on 1st Sep and can open account instantly to deposit and earn the 3.5% ?

Theoretically can open in Sep.

But seeing the tremendous interest after GXS reduce rates, if I am you, I will open Fastsaver in Aug, deposit $1000 and leave it there without withdrawing. Then Sep out more.

 

[vsvs24]

Those opening new CIMB accounts, please note tnc says account open online. Better not open at branch.

 

[royalmix]

If I want to deposit on 1st Sep to earn the 3.5% , is it I shd open the account with $1k by end Aug to standby first (after account successfully open I can immediately withdraw to $0)

or I can visit on 1st Sep and can open account instantly to deposit and earn the 3.5% ?

If you are new customer, Open Sept 1, 6mths start counting from Sept! Open online Fastsaver should be instant cos it is online account! I am potential new customer, not yet try but tnc said so!

 

[royalmix]

This one ish daily interest like GXS?

Daily interest for both base and BI but credited next mth, base beginning of mth, BI on 20th

 

[royalmix]

New customers a bit more restrictive compared to existing, need to maintain or increase MAB to get bonus interest.
Existing just counts incremental MAB vs EOD balance of 31 Jul which could be $0 so it's essential a no-frills no cap 3.5% account until 31 Jan 2024.

This is one of those rare instances where existing customers get better treatment than new customers...

New customers - learn how to hack!

 

[vsvs24]

New customers - learn how to hack!

Some of them seems a bit blur. Might confuse them.

Plus in theory might work, but can't be sure it really will work with CIMB based on esaver method.