CIMB FastSaver

[bargin]

Where can I find more info on this? I'm an existing customer not aware need to do this

please check post# 2704 by bro ThreeSteps

 

[sglandscape]

Need to apply digital token right?

Yes need or if you have physical token can use that too

 

[crimsontactics]

Yes need or if you have physical token can use that too

Ok. Thank you!

 

[tiertime]

Suggest for ppl who signed up for an account as New account holder to call up the bank to verify after u submit application using SingPass...

Turns out I am NOT considered a new account holder as I have dormant account with them for a few years.... I didn't even remember

Now hv to re-register via CIMB's WhatsApp to notify them I am signing up for account as EXISTING Customer ‍

 

[devion]

Suggest for ppl who signed up for an account as New account holder to call up the bank to verify after u submit application using SingPass...

Turns out I am NOT considered a new account holder as I have dormant account with them for a few years.... I didn't even remember

Now hv to re-register via CIMB's WhatsApp to notify them I am signing up for account as EXISTING Customer ‍

There is no min balance required for CIMB accounts, so was your dormant account auto close by the bank or u closed it? By logging into CIMB app, one can find if a savings account was available.

 

[ThreeSteps]

For any promotions, you should always read & understand the relevant T&Cs to avoid ‘surprises’ subsequently. Always download the T&Cs and keep it, because the online T&Cs link might get replaced.

Refer to the bank website: https://www.cimb.com.sg/en/personal...sa_b2:casapromo_b3:gws_b4:home_b5:hero_b6:def
For this 3.5% promo, there are some differences in T&Cs for New customer and Existing customer.
T&Cs for New Customers: https://www.cimb.com.sg/content/dam...cs-governing-casa-bonus-interest-promo-23.pdf
T&Cs for Existing Customers: https://www.cimb.com.sg/content/dam...overning-casa-bonus-interest-promo-23-etb.pdf

If your new a/c is opened in the period (1 Aug - 30 Sep) and you satisfy the definition of New Customer in point#2, you can use the T&Cs for New Customers. Read point#4 carefully - they did not mention the need to do registration.
Point#2 of T&Cs for New Customers: ‘……A New Customer” is defined as an individual who does not have any existing single or joint CIMB Fixed Deposit, Current or Savings Account(s), or has not terminated or closed any CIMB Fixed Deposit, Current or Savings Account(s) in his/her own name or jointly with another person with the Bank within the past twelve (12) months immediately prior to the Promotion Period.’

If your ‘new’ a/c is opened recently before 1 Aug, you should use the T&Cs for Existing Customers
Point#4 of T&Cs for Existing Customers – registration is required & the registration instruction is provided in point#4. You can also go to the bank website and click on the big button 'Existing Customers' and scroll down to see : 'Click here to participate and top now or simply scan the QR code below' - a big QR code is shown.
After successful registration, transfer in fresh fund (latest by 31Aug) of at least the minimum deposit amount even if you do not intend to transfer in your large funds yet. This minimum deposit is more for safety & get peace of mind since this enable you to verify the first bonus interest calculation in Sep.

Point#10 of T&Cs for Existing Customers - ‘Incremental Fresh Funds Balance refers to comparing end-day-balance on that day against that of 31 July 2023 ……’ (note: the balance on 31July in your a/cs should be $0 or very low $balance because this value is used for comparison in the calculation of bonus interest)

 

[ontodhcp]

Sorry if this have been ask before.
I sign up for the FastSaver account on Monday online using SingPass.
Anyone knows how long will they take to approved the account?

 

[devion]

Sorry if this have been ask before.
I sign up for the FastSaver account on Monday online using SingPass.
Anyone knows how long will they take to approved the account?

MIne is almost immediate, at most 1 day when I received the SMS with a code & then a day later an email on the application form which u need to enter the SMS code to access. The account number is available in this form. U will then need to do a 1K xfer to this new account. Then wait for this account to appear in the online banking or app.

 

[Cumzilla]

For any promotions, you should always read & understand the relevant T&Cs to avoid ‘surprises’ subsequently. Always download the T&Cs and keep it, because the online T&Cs link might get replaced.

Refer to the bank website: https://www.cimb.com.sg/en/personal...sa_b2:casapromo_b3:gws_b4:home_b5:hero_b6:def
For this 3.5% promo, there are some differences in T&Cs for New customer and Existing customer.
T&Cs for New Customers: https://www.cimb.com.sg/content/dam...cs-governing-casa-bonus-interest-promo-23.pdf
T&Cs for Existing Customers: https://www.cimb.com.sg/content/dam...overning-casa-bonus-interest-promo-23-etb.pdf

If your new a/c is opened in the period (1 Aug - 30 Sep) and you satisfy the definition of New Customer in point#2, you can use the T&Cs for New Customers. Read point#4 carefully - they did not mention the need to do registration.
Point#2 of T&Cs for New Customers: ‘……A New Customer” is defined as an individual who does not have any existing single or joint CIMB Fixed Deposit, Current or Savings Account(s), or has not terminated or closed any CIMB Fixed Deposit, Current or Savings Account(s) in his/her own name or jointly with another person with the Bank within the past twelve (12) months immediately prior to the Promotion Period.’

If your ‘new’ a/c is opened recently before 1 Aug, you should use the T&Cs for Existing Customers
Point#4 of T&Cs for Existing Customers – registration is required & the registration instruction is provided in point#4. You can also go to the bank website and click on the big button 'Existing Customers' and scroll down to see : 'Click here to participate and top now or simply scan the QR code below' - a big QR code is shown.
After successful registration, transfer in fresh fund (latest by 31Aug) of at least the minimum deposit amount even if you do not intend to transfer in your large funds yet. This minimum deposit is more for safety & get peace of mind since this enable you to verify the first bonus interest calculation in Sep.

Point#10 of T&Cs for Existing Customers - ‘Incremental Fresh Funds Balance refers to comparing end-day-balance on that day against that of 31 July 2023 ……’ (note: the balance on 31July in your a/cs should be $0 or very low $balance because this value is used for comparison in the calculation of bonus interest)

min deposit is 1K? no intention to transfer in until 1st of Sept, am existing customer.

 

[ontodhcp]

MIne is almost immediate, at most 1 day when I received the SMS with a code & then a day later an email on the application form which u need to enter the SMS code to access. The account number is available in this form. U will then need to do a 1K xfer to this new account. Then wait for this account to appear in the online banking or app.

I receive an email after signing up, with a PDF that have an account number inside.
But until now I haven't receive the account activation to perform first time login.
Is it that I need to transfer the initial deposit of $1,000 first, then my account will be activated, in order for me to login via CIMB app?

 

[woocheekiat]

I receive an email after signing up, with a PDF that have an account number inside.
But until now I haven't receive the account activation to perform first time login.
Is it that I need to transfer the initial deposit of $1,000 first, then my account will be activated, in order for me to login via CIMB app?

Read the instructions on the email.

Your account will be activated within 5 business days if the documents submitted are in order and the initial deposit is received, subject to the bank's approval. Otherwise, the account will be automatically closed within 30 calendar days from your application date.

 

[devion]

Word of caution for new applicants. The bonus interest will only count if your subsequent months savings balance maintains the same or an increase from its previous month. Can be tricky for those who does a lot of funds transactions in the account.
Existing customers much easier to manage since it is using July as the reference month.

 

[sohguanh]

Word of caution for new applicants. The bonus interest will only count if your subsequent months savings balance maintains the same or an increase from its previous month. Can be tricky for those who does a lot of funds transactions in the account.
Existing customers much easier to manage since it is using July as the reference month.

For new customer they compare with the last day of previous month balance for bonus. So one trick is make sure the last day very small amount. But TnC can change anytime so just tread with care.

 

[demoforce1]

For new customer they compare with the last day of previous month balance for bonus. So one trick is make sure the last day very small amount. But TnC can change anytime so just tread with care.

only compare to 31-Jul balance

 

[sohguanh]

only compare to 31-Jul balance

That is for existing customer. New customer TnC slightly different.

 

[duhduhduh]

For new customer they compare with the last day of previous month balance for bonus. So one trick is make sure the last day very small amount. But TnC can change anytime so just tread with care.

So the last day of new customer will be August or the average amount?

 

[PC-User]

 

[BaDBoI]

For NEW
Q: maintain or increase each month-end balance against the previous month-end
balance.


month-end balance (eg 31st AUG) = Opening Balance or Closing Balance?
This seem to be grey

 

[BaDBoI]

So the last day of new customer will be August or the average amount?

Forget the "average" word there is no mention of Average in the T&C.

for New Customer

Month end balance equal or more then previous month end bal
30 sep vs 31 aug, 31 oct vs 30 sep, so on till 31 Jan 24

 

[sohguanh]

Just notice the latest CIMB Clicks app can DIY terminate FD liao same as BOC, ICBC. Anyone proceed to go through all the screens? Me only want to see so tap Next to proceed to really terminate FD I never test.