CIMB FastSaver

[sibeiTrolled]

But i have moved the funds out from SCB

Looks like you were on the invited promo then?

looks like CIMB is the better option for now

Probably, since you have an existing account and you are just holding for 1 month to refresh status on SCB side.

f SCB is better than CIMB in Aug, then it makes sense to move all 250K to SCB right?

Even if, touch wood, the august promo is 0.1-0.3% lesser, i would still dump 250K into SCB.

The reason is right now for you, only the 100K can receive the bonus interest. Might as well make full use of the reset and get full interest on that 250K through SCB once the new promo is out

 

[sibeiTrolled]

I thought in the future can just pump 5k to reactivate the main big sum

Haha, you wait long long.

All these promos typically require you to bring in new funds.

like this need to move out and reset

Ya, got to play this reset game and move house to another bank that has similar promo unless you just intend to just park your money into the likes of multiplier / 360 / One account / BonusSaver and etc...

 

[iosnewbie]

I got my CIMB FastSaver account set up. If I move 150k from my SCB eSaver (bonus interest promo period over) , how much interest would could I earn by end of Sep 2024?

 

[duhduhduh]

Oh

Seems like gotta apply for CIMB malaysia account too. And there after use the cimb malaysia atm card to withdraw?

If you got CIMB SG already go Msia CIMB branch can open need just provide passport NRIC and payslip. If do in CIMB SG think wait until cow come home.

Anyone got experience opening Msia CIMB account in Malaysia?? How fast does it take to open?

 

[bruiser69]

Most banks these days all make us run through hoops

 

[sohguanh]

Anyone got experience opening Msia CIMB account in Malaysia?? How fast does it take to open?

Spouse try same day but tricky is the OTP need to somehow route to Spore number?

 

[devion]

heard if open in JB branch, same day can do, but when I went there, staff stated I need to provide hard copy of my past 1 mth payslip and income tax assessment, also a local HP number too.

 

[sohguanh]

heard if open in JB branch, same day can do, but when I went there, staff stated I need to provide hard copy of my past 1 mth payslip and income tax assessment, also a local HP number too.

It is ironic Msian the other way round have it much easier from the other forums I read. Well I guess CIMB is Msia bank giving privilege to own citizen is normal. We move on so many foreign banks in Spore.

 

[MastersIT]

It is ironic Msian the other way round have it much easier from the other forums I read. Well I guess CIMB is Msia bank giving privilege to own citizen is normal. We move on so many foreign banks in Spore.

hey @sohguanh, do you know the reason why open CIMB MY acocunt requires payslip and income tax assessment? CIMB SG also never ask to see.

 

[sohguanh]

hey @sohguanh, do you know the reason why open CIMB MY acocunt requires payslip and income tax assessment? CIMB SG also never ask to see.

Simple rule in my opinion. You go other ppl territory open bank account you abide by their rules. Not happy don't open they don't owe you any explanations why or maybe their Msia equivalent to our MAS impose some rules on them etc who knows.

 

[roz_sid]

my cimb promo is ending next month. i looked esaver but its only 1 mth. aft that interest is based on new funds. any idea wats the next better than cimb promo? looking for one lump sum in type without the salary credit spending type.

 

[sibeiTrolled]

i looked esaver but its only 1 mth

eSaver promo last 2 months.

The current cycle is 1st Jun to 31st Jul compared against May ADB
Next cycle should be 1st Aug to 30th Sept compared against Jul ADB

 

[roz_sid]

eSaver promo last 2 months.

The current cycle is 1st Jun to 31st Jul compared against May ADB
Next cycle should be 1st Aug to 30th Sept compared against Jul ADB

yes i understand but i dont wish to TOP up next mth. i will like to like earn the interest like a fixed deposit. but i can withdraw anytime.

 

[sibeiTrolled]

yes i understand but i dont wish to TOP up next mth. i will like to like earn the interest like a fixed deposit. but i can withdraw anytime.

Ah right, i missed your first statement about CIMB ending next month. Sorry.

Maybe you can wait for new promos from HSBC EGA or MayBank iSavvy then.
Or simply park in Maribank to wait out before deploying your funds

 

[compro_1975]

Yes, you get base interest which is 1.5%

Yes, you get the BI on ($X - $May Month End) for each day that are above the requirement.


Yes, since fastsaver can be left at 0 SGD

Yes, CIMB explicitly say they does this
"will be accrued daily"


Yes, for this June July Aug Promo that you are in.

In CIMB case, they offer a consolidated view of their offerings in a image form. Just refer to that if you are unsure of the requirements

my idea of flushing everything out on 31 aug wont work then

 

[compro_1975]

bonus for SI will come in when?

 

[Sambuca78]

eSaver promo last 2 months.

The current cycle is 1st Jun to 31st Jul compared against May ADB
Next cycle should be 1st Aug to 30th Sept compared against Jul ADB

If I not wrong, this cycle has extended to 31 Aug liao

 

[sibeiTrolled]

If I not wrong, this cycle has extended to 31 Aug liao

That is referring to stand chart promo.

Yes CIMB one till 31 Aug for June customer

 

[EveMuffins]

I read the t&c for July promo which ends 30 Sep. the bonus for jul, Aug and sep will only be credited on 31 Oct. is my understanding correct?

 

[~sabaisabai~]

I read the t&c for July promo which ends 30 Sep. the bonus for jul, Aug and sep will only be credited on 31 Oct. is my understanding correct?

I read the same too. for existing customer ends on 30 sep