CIMB FastSaver

sohguanh

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Same. I also received it but much less than what I expected. Anyone knows any restriction or disclaimer in bonus interest? Thanks.
If you are on FastSaver check the table your base interest may not be flat 1.5% when they give you on 31 Aug 2023.
 

everex

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To be specific, only ~$49 bonus interest for fresh fund of $74k transferred on Aug8.
 

~sabaisabai~

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Actually no shock now. Highlighted in my earlier post. Base interest for FastSaver may not be strictly 1.5% becuz if cross 25K you go into another tier you get 2.5% already.

yes. abit of calculation

I just called. bonus interest also have tiers
 

sohguanh

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To be specific, only ~$49 bonus interest for fresh fund of $74k transferred on Aug8.
You need to check for 31 Aug 2023 base interest how much they give you? This amount may not be for 1.5% it could be higher than that depending you on FastSaver or StarSaver and which tier you hit.

Edit: For ppl scared to do complicated formula just put < 25K for FastSaver and < 100K for StarSaver. Then in theory your bonus interest will be higher than your base interest. If it is not then really is a mystery liao
 

~sabaisabai~

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I am existing customer but my account got many txfr in/ txfr out on different days very hard to calculate. So I use the base interest as the reference point. Since base interest is 1.5%, then in theory the bonus 2% must be higher than the base unless some amount does not qualify becuz I just check in July 2023 I do have some balance which I transfer out on 20 July which is not on last day 31 July 2023.
Hmmm... my amount not huge so I will just move on to other banks don't wanna waste time argue with them.
Edit: I think I know why already. This mean your base interest may not be just 1.50% depending on amount it maybe more than that I see. Then I think the bonus interest make some sense. But count to actual amount really no time to scrutinize. I am now busy investing in SG stocks/ETF
FastSaver Prevailing Interest
First $25k: 1.50% p.a.
Next $25k: 2.50% p.a.

same here. I transfer in and out so it maybe hard to track too
 

twosix

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My bonus is in but the amount is actually lesser than my base interest?!?! This mean some amount does not qualify for bonus I need to check why. First time play CIMB casa promo. Not happy I change to MariBank soon.
Mine is correct.

Just use [daily principal * (3.5%/365)] for every day of Aug month. Add them up and u'd get the base+bonus interests.
 
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