CIMB FastSaver Account

[compro_1975]

First S$50,000 1.00% p.a.
Above S$50,000 0.60% p.a.

does it mean that if i deposit 55,000 means i will get 1.6%?

 

[lazybee]

Why reduce 0.4% interest for 50k by placing in fastsaver? They do not have min balance, and super salary has a very high balance limit for earning 1.4%.

Because SDIC only protect 50k per bank technically? LOL.

But yah, will be shifting all amount from CIMB to super salary soon.

 

[lazybee]

First S$50,000 1.00% p.a.
Above S$50,000 0.60% p.a.

does it mean that if i deposit 55,000 means i will get 1.6%?

you get 1% for 50000 and 0.6% for 5000.

 

[compro_1975]

you get 1% for 50000 and 0.6% for 5000.

thanks thanks!!! erm 1 little 1qn, i planning to open supersalary and know the salary giro can be from any bank, but do i need to physically go to the bank to do the paper work?

 

[lazybee]

thanks thanks!!! erm 1 little 1qn, i planning to open supersalary and know the salary giro can be from any bank, but do i need to physically go to the bank to do the paper work?

It is better to go to the bank, due to the need to fill up the giro deduction form (technically,it has nothing to do with salary) attached with the supersalary form.

If online, I'm not sure where to get this giro form.

 

[ArchSamurai]

Just to be safe,

DIS assured up to 50k for Fastsaver, then if i also open Starsaver, DIS assured for another 50k? or 50k for both of these accounts?

 

[chuanz]

Just to be safe,

DIS assured up to 50k for Fastsaver, then if i also open Starsaver, DIS assured for another 50k? or 50k for both of these accounts?

This is right in the homepage of SDIC (bold added by me)

In the event a Deposit Insurance Scheme member bank or finance company fails, all of your eligible accounts with that member are aggregated and insured up to S$50,000. Trust and client accounts held by non-bank depositors are insured up to $50,000 per account.

Please also go take a look at the illustrations/scenarios provided:

https://www.sdic.org.sg/di_calc_of_comp.php

 

[henrylbh]

Money placed in a bank , it's guaranteed by the bank.

If bank uplorry, capital up to 50k is guaranteed by SDIC.

If SDIC uplorry, who is the next guarantor?

 

[ArchSamurai]

wah then like that you all still got put cash beyond 50k inside? or put in other banks liao?