CIMB FastSaver

[Squaredot]

Sian 的
Is Kok Leong on mc today? The backup person knows huat to do anot?

who is Kok Leong?

 

[pratik28]

Bonus is IN!

 

[~sabaisabai~]

yeah. it's in liao

 

[jseyong]

Not in yet for me

 

[sohguanh]

My bonus is in but the amount is actually lesser than my base interest?!?! This mean some amount does not qualify for bonus I need to check why. First time play CIMB casa promo. Not happy I change to MariBank soon.

 

[Joseph99]

I just checked. Not in yet

 

[sango65]

My bonus is in but the amount is actually lesser than my base interest?!?! This mean some amount does not qualify for bonus I need to check why. First time play CIMB casa promo. Not happy I change to MariBank soon.

Are you existing customer or new customer? Want to share your calculations?

 

[pratik28]

My bonus is in but the amount is actually lesser than my base interest?!?! This mean some amount does not qualify for bonus I need to check why. First time play CIMB casa promo. Not happy I change to MariBank soon.

Case to case basis but briefly what i understand is, say i have 75k in there..... Base Int will be 2.5% ( average of 1.5 + 2.5 + 3.5 ).
So Bonus Int will be 1% as they already paid 2.5% base int.

Something like that but differ depending on exact amt slab, date deposited and not originating from within cimb fd.

 

[iceblendedchoc]

My bonus is in but the amount is actually lesser than my base interest?!?! This mean some amount does not qualify for bonus I need to check why. First time play CIMB casa promo. Not happy I change to MariBank soon.

same issue. calculated to be much lesser than i ought to receive.

 

[sohguanh]

Are you existing customer or new customer? Want to share your calculations?

I am existing customer but my account got many txfr in/ txfr out on different days very hard to calculate. So I use the base interest as the reference point. Since base interest is 1.5%, then in theory the bonus 2% must be higher than the base unless some amount does not qualify becuz I just check in July 2023 I do have some balance which I transfer out on 20 July which is not on last day 31 July 2023.

Hmmm... my amount not huge so I will just move on to other banks don't wanna waste time argue with them.

Edit: I think I know why already. This mean your base interest may not be just 1.50% depending on amount it maybe more than that I see. Then I think the bonus interest make some sense. But count to actual amount really no time to scrutinize. I am now busy investing in SG stocks/ETF
FastSaver Prevailing Interest
First $25k: 1.50% p.a.
Next $25k: 2.50% p.a.

 

[~sabaisabai~]

My bonus is in but the amount is actually lesser than my base interest?!?! This mean some amount does not qualify for bonus I need to check why. First time play CIMB casa promo. Not happy I change to MariBank soon.

same here. I'll check with them later. bonus interest is lower than base.

 

[amazingone]

My bonus interest is in as well, slightly higher than my base interest.

 

[sohguanh]

same here. I'll check with them later. bonus interest is lower than base.

My bonus interest is in as well, slightly higher than my base interest.

If you all are using FastSaver, the base interest may not be flat 1.5% Please look my earlier table first 25K is 1.5%, Next 25K is 2.5%. This mean base interest flat 1.5% only for those with < 25K. This make sense?

E.g
First 25K , base 1.5 , bonus 2.0
Second 25K , base 2.5 bonus 1.0

The 31 Aug 2023 base interest is not flat 1.5% if your amount > 25K. Correct?

 

[tiertime]

Received Bonus interest lower than base ... Wats going on... StarSaver user here


Any existing customer with deposits in account tried to sign up for the bonus interest for X mths , min 250k ,
How long did their RM take to call u back to do the procedure ?

 

[jseyong]

Bonus lower than base is perfectly normal if your daily amount is mostly around 25k to 75k.

25k-50k: Base 1.5-2%, bonus 1.5-2%
50k-75k: Base 2-2.5%, bonus 1-1.5%

 

[sango65]

I think the simplest way to calculate is to just do a flat 3.5% int and compare against the sum of your base and bonus int. If the same then the bank calculate correctly

 

[sohguanh]

Bonus lower than base is perfectly normal if your daily amount is mostly around 25k to 75k.

25k-50k: Base 1.5-2%, bonus 1.5-2%
50k-75k: Base 2-2.5%, bonus 1-1.5%

Above is for FastSaver.

Starsaver slightly different amount for tier
First $100k: 1.50% p.a, bonus 2.0%
Next $150k: 2.50% p.a, bonus 1.0%

So thinking back FastSaver better than StarSaver becuz when take base interest you take more than 1.5% although in the end both same. But FastSaver take more monies earlier at base interest stage.

E.g FastSaver > 25K I get 2.5% liao but StarSaver > 100K then get the 2.5% at the base interest stage. But final all is same

 

[pratik28]

I am existing customer but my account got many txfr in/ txfr out on different days very hard to calculate. So I use the base interest as the reference point. Since base interest is 1.5%, then in theory the bonus 2% must be higher than the base unless some amount does not qualify becuz I just check in July 2023 I do have some balance which I transfer out on 20 July which is not on last day 31 July 2023.

Hmmm... my amount not huge so I will just move on to other banks don't wanna waste time argue with them.

Edit: I think I know why already. This mean your base interest may not be just 1.50% depending on amount it maybe more than that I see. Then I think the bonus interest make some sense. But count to actual amount really no time to scrutinize. I am now busy investing in SG stocks/ETF
FastSaver Prevailing Interest
First $25k: 1.50% p.a.
Next $25k: 2.50% p.a.

ya, honestly i had that consideration too. Maribark 2.88% (accrued daily) is more certain and you can see the interest daily for yourself rather than get shock by cimb miscalculations or funny criterias

especially if we withdraw / deposit often than seeing daily interest will give more clarity

 

[sohguanh]

ya, honestly i had that consideration too. Maribark 2.88% (accrued daily) is more certain and you can see the interest daily for yourself rather than get shock by cimb miscalculations or funny criterias

Actually no shock now. Highlighted in my earlier post. Base interest for FastSaver may not be strictly 1.5% becuz if cross 25K you go into another tier you get 2.5% already.

 

[everex]

My bonus is in but the amount is actually lesser than my base interest?!?! This mean some amount does not qualify for bonus I need to check why. First time play CIMB casa promo. Not happy I change to MariBank soon.

Same. I also received it but much less than what I expected. Anyone knows any restriction or disclaimer in bonus interest? Thanks.