CIMB FastSaver

[PC-User]

Huh? 4.15 isn’t overly attractive? Ask our big three and see if can get at this rate now. They ask you go fly kite

Oh FD. Ok.

 

[Devilsire]

Although cimb isn’t the richest in sea. But they are one of the richest.

really ah, but their vested operation in sg have always seemed to be small and still just 1 ATM in sg? (maybe save costs)
worse is their decade long online banking UI/UX, super old classic

 

[CyberTan]

really ah, but their vested operation in sg have always seemed to be small and still just 1 ATM in sg? (maybe save costs)
worse is their decade long online banking UI/UX, super old classic

They can’t penetrate the local market mah, probably why they reduce branch to just one.

Rank	Bank name	Country	Total assets (US$ billion)
1	DBS Bank	Singapore	509.1
2	OCBC Bank	Singapore	402.2
3	United Overseas Bank	Singapore	340.7
4	Maybank	Malaysia	213.2
5	CIMB	Malaysia

 

[Perisher]

really ah, but their vested operation in sg have always seemed to be small and still just 1 ATM in sg? (maybe save costs)
worse is their decade long online banking UI/UX, super old classic

Yes but they updated the app liao, was quite impressed…

 

[Perisher]

My experience was damn smooth…
I only have cc account with them previously but since FD is 4.15%,
I open a fastsaver account, desposit $1k fast transfer, deposit 10k, open FD account, apply 10k option. All done within 30mins.

And the app is really upgraded vs the old clunky one.

 

[007Mi6]

My experience was damn smooth…
I only have cc account with them previously but since FD is 4.15%,
I open a fastsaver account, desposit $1k fast transfer, deposit 10k, open FD account, apply 10k option. All done within 30mins.

And the app is really upgraded vs the old clunky one.

Do we need to maintain $1k in the FastSaver when applying for FD?

 

[a4973]

Hi all, may I ask why no one at least within this thread has taken up the i version of the FD with upfront interest? I do see a slight negative difference in the upfront interest FD but basing on the time value of money is the difference significant? Thanks all.

 

[Perisher]

Do we need to maintain $1k in the FastSaver when applying for FD?

No fall below fee. Mine is $0 now.

 

[pai000000]

there's probably a cap of waiting line (with the influx of fd withdrawal or new account etc) so whenever u call and there's no dial tone, just keep trying till u can select option and listen music

I keep spamming calls for 5 mins until connected to their automated voice system, then wait a further half hour before connected to a human. Finally settled. Ok lah, still better than going to physical branch. Thanks for the advice.

 

[DevilPlate]

Update: I transferred in 1k on 3 Nov and just received the activation code today (7 Dec)

Cheers LOL

 

[~sabaisabai~]

call the 2nd number on their website
+65 6333 1111

what happen to their phone line? prob flooded by angry customers who wait 1 month plus after depositing 1k and account still not activated

just go google type cimb bank and read all the recent reviews

managed to reach them, i asked and was told that its overwhelming, so the line cldnt get thru

 

[PC-User]

Now overwhelming applications for 4.x % FD, few months later overwhelming cancellations because of 5.x % FD. Really is 害人不淺.

 

[vsvs24]

Hi all, may I ask why no one at least within this thread has taken up the i version of the FD with upfront interest? I do see a slight negative difference in the upfront interest FD but basing on the time value of money is the difference significant? Thanks all.

Maybe because more troublesome if early terminate FD giving upfront interest. My guess.

 

[pai000000]

Now overwhelming applications for 4.x % FD, few months later overwhelming cancellations because of 5.x % FD. Really is 害人不淺.

They shd just enable premature withdrawal online, like maybank or icbc

 

[a4973]

Maybe because more troublesome if early terminate FD giving upfront interest. My guess.

I've checked with CIMB. If terminate Why wait upfront interest FD, the bank will clawback the upfront interest from your principal then give you back the balance and you will get board rate interest for completion of every quarter.

 

[vsvs24]

They shd just enable premature withdrawal online, like maybank or icbc

Why would they invest time and effort in something that does not benefit them ?

 

[pai000000]

Why would they invest time and effort in something that does not benefit them ?

So that lines will not be jammed, employee happy, customer happy, more business?

 

[demoforce1]

So that lines will not be jammed, employee happy, customer happy, more business?

but it is a cost to build it

 

[Shawny88]

Just placed a FD with CIMB. The CS said that FD start date is the date the FD money is transferred to Fastsaver, regardless when it is actually bring transferred from Fastsaver to FD account.

 

[havetheveryfun]

Just placed a FD with CIMB. The CS said that FD start date is the date the FD money is transferred to Fastsaver, regardless when it is actually bring transferred from Fastsaver to FD account.

what u mean ? why would i need to transfer fd money to fastsaver if it is my first time placing a fD?