CIMB FastSaver

[wira]

Only if you're in existing customer and register for the promo via the Chatbot within this month

why only for existing customer ?

i thought new customer will also get as condition for new customer is

To qualify for this Promotion, a. a customer must open
a Qualifying Account online within the Promotion Period;
b. deposit a minimum of $1,000 in fresh funds (for savings account) or $5,000 in fresh funds (for current account); and
c. maintain or increase each month-end balance against the previous month-end balance.

 

[Imhthc]

why only for existing customer ?

i thought new customer will also get as condition for new customer is

To qualify for this Promotion, a. a customer must open
a Qualifying Account online within the Promotion Period;
b. deposit a minimum of $1,000 in fresh funds (for savings account) or $5,000 in fresh funds (for current account); and
c. maintain or increase each month-end balance against the previous month-end balance.

Yes. This promo is open to both new and existing customers. For new customers, no additional step other than account opening is required. As for existing customers, they need to go through a registration step found in the Cimb promotional 3.5% interest banner.

 

[sglandscape]

why only for existing customer ?

i thought new customer will also get as condition for new customer is

To qualify for this Promotion, a. a customer must open
a Qualifying Account online within the Promotion Period;
b. deposit a minimum of $1,000 in fresh funds (for savings account) or $5,000 in fresh funds (for current account); and
c. maintain or increase each month-end balance against the previous month-end balance.

New customer needs maintain/incemental balance against precious month. Existing customer it's against a single reference month

 

[ekardo]

I just wanted to clarify the 3.5% bonus interest promo and have read the TnC.
Assuming my Aug 31 balance is $10 and I deposit fresh fund of $100,000 on Sep 1 and maintain the amount until Sep 30, the interest earned for Sep for the base and bonus interest is 99,990 x 3.5% / 365 x 30 = $287.64?
If I don't perform any deposit/withdrawal in the following month, I will earn $287.64 interest every month from Sep 2023 until Feb 2024?

I am doing this. Except that I am trying out with 1k for Sep, (I registered in mid Sep).

my fix d is coming back Oct/nov so will park here for 3.5%.

 

[artemov]

Ok I just signed up via the chatbot, she said "Yeay, you're in"

https://www.cimb.com.sg/content/dam...overning-casa-bonus-interest-promo-23-etb.pdf

My understanding of the tncs, for existing customer only, is that
- the 3.5% (1.5% + 2.0%) interest are calculated daily (for each day-end incremental balance over 31 Aug 2023's)
- but to actually get the extra 2.0% bonus interest for the entire month, the month-end incremental balance must also be more than 31 Aug 2023's, if not it will only be 1.5% interest for the entire month.

Not sure if I'm correct though.

 

[sglandscape]

Ok I just signed up via the chatbot, she said "Yeay, you're in"

https://www.cimb.com.sg/content/dam...overning-casa-bonus-interest-promo-23-etb.pdf

My understanding of the tncs, for existing customer only, is that
- the 3.5% (1.5% + 2.0%) interest are calculated daily (for each day-end incremental balance over 31 Aug 2023's)
- but to actually get the extra 2.0% bonus interest for the entire month, the month-end incremental balance must also be more than 31 Aug 2023's, if not it will only be 1.5% interest for the entire month.

Not sure if I'm correct though.

Correct if you sign up this month. Also need to keep 1k min at least to earn interest at all for SA accounts

 

[DenOOO]

Ok I just signed up via the chatbot, she said "Yeay, you're in"

https://www.cimb.com.sg/content/dam...overning-casa-bonus-interest-promo-23-etb.pdf

My understanding of the tncs, for existing customer only, is that
- the 3.5% (1.5% + 2.0%) interest are calculated daily (for each day-end incremental balance over 31 Aug 2023's)
- but to actually get the extra 2.0% bonus interest for the entire month, the month-end incremental balance must also be more than 31 Aug 2023's, if not it will only be 1.5% interest for the entire month.

Not sure if I'm correct though.

First 25k = 1.5% + 2%
Next 25k = 2.5% + 1%
Next 25k = 3.5% + 0%
Above 75k = 0.8% + 2.7%

 

[artemov]

Thanks thanks, missed out the 1k min and that tiered prevailing rates

 

[ekardo]

so if I put 1k, i should get base interest by end of month, and the additional interest by 20th of the month right ?

 

[BlackTortoise]

Fast hand fast leg login at 12am but Bo interests leh.

 

[NTTDoCoMo]

Fast hand fast leg login at 12am but Bo interests leh.

Today is 30 Sep.

 

[sglandscape]

so if I put 1k, i should get base interest by end of month, and the additional interest by 20th of the month right ?

Yup!

Fast hand fast leg login at 12am but Bo interests leh.

Haven't month end yet.

 

[Goodintentions]

Time to transfer money in/out to maintain this month end balance same or higher from previous month end for new customers.

 

[sellbuyboy]

Transfer to where guys?

 

[getreal88]

Morning. I registered for this promo on 31st Aug (so am on 1aug-31jan24 cycle). i realised the tnc for aug23 promo dont have "(c) maintain or increase each month-end balance against the previous month-end balance.", seems like this clause was in Sep23 promo only.
Is it correct that as long as i hv the min $1k daily in savings acct (31bal was nil), i will get 3.5% till 31jan24? ie i can still transfer in and out as i like as long as min $1k in there? thanks heaps

 

[DevilPlate]

Transfer to where guys?

Maybank

Esaver (have to wait for their new promo update)

 

[Mickey01]

Morning. I registered for this promo on 31st Aug (so am on 1aug-31jan24 cycle). i realised the tnc for aug23 promo dont have "(c) maintain or increase each month-end balance against the previous month-end balance.", seems like this clause was in Sep23 promo only.
Is it correct that as long as i hv the min $1k daily in savings acct (31bal was nil), i will get 3.5% till 31jan24? ie i can still transfer in and out as i like as long as min $1k in there? thanks heaps

As long as you are existing CIMB FastSaver Savings Account customer and you sign up for Aug 2023 Promo, your comparison day (from Aug 23 to Jan 24) will always be fixed as 31 July 2023. Fresh funds compared to 31 Jul 2023 must be equal or greather than $1,000.

 

[sellbuyboy]

Maybank

Esaver (have to wait for their new promo update)

ADB need 10k wor

 

[sellbuyboy]

ADB need 10k wor

Correct????

 

[F1ngolf2012]

Maybank

Esaver (have to wait for their new promo update)

ADB need 10k wor

Correct????

The incremental ADB needs to be minimum 10k to earn BI for iSavvy. 20k for Prestige Saving.