CIMB FastSaver

[twosix]

Hmmm.... I am existing customer with $0 on 31 July and have 142500 on 31 Aug but I only got $81.14 Prevailing Interest on 31 Aug 2359.


But based on the table shown here, i should get $181.54, right? Thanks.

https://www.cimb.com.sg/en/personal/promotions/latest-promotions/accounts/casa-sep22-promo.html#Existing Customers

$142500*1.5% / 365*31=181.54

Did you add the normal.interest too?

 

[sglandscape]

Hmmm.... I am existing customer with $0 on 31 July and have 142500 on 31 Aug but I only got $81.14 Prevailing Interest on 31 Aug 2359.


But based on the table shown here, i should get $181.54, right? Thanks.

https://www.cimb.com.sg/en/personal/promotions/latest-promotions/accounts/casa-sep22-promo.html#Existing Customers

$142500*1.5% / 365*31=181.54

Read the tncs, you only get the bonus component above the base rate in 20th. You need to sum both of them together

 

[Sambuca78]

1. Did you register before depositing ?

2. Is your bal from 1 to 31 Aug $142500 ?

3. $84.14 is bonus interest ? How much did you get for base interest?

Did you add the normal.interest too?

Read the tncs, you only get the bonus component above the base rate in 20th. You need to sum both of them together

1. Yes
2. Monthly average for Aug is 39112, Day end for 31 Aug is 142500
3. Bonus interest i got on 20 Sept is $48.79 and I calculated this is correct.

$84.14 is the interest i got on 31 Aug. Thanks all!

 

[Angelite]

1. Yes
2. Monthly average for Aug is 39112, Day end for 31 Aug is 142500
3. Bonus interest i got on 20 Sept is $48.79 and I calculated this is correct.

$84.14 is the interest i got on 31 Aug. Thanks all!

Just to check.

Since you have 142500 on 31Aug, that mean u need to maintain 142500 or higher on 30Sep inorder to have bonus interest for the whole of sep right?

 

[Sambuca78]

Just to check.

Since you have 142500 on 31Aug, that mean u need to maintain 142500 or higher on 30Sep inorder to have bonus interest for the whole of sep right?

No leh, my understanding for existing customers is based on 31 july end day as reference.

 

[Xeniel]

zz didn't realise must register when i deposited on 29 Aug
registered today and it told me it will use 31 Aug balance as benchmark for fresh funds

 

[xRenol]

Hmmm.... I am existing customer with $0 on 31 July and have 142500 on 31 Aug but I only got $81.14 Prevailing Interest on 31 Aug 2359.


But based on the table shown here, i should get $181.54, right? Thanks.

https://www.cimb.com.sg/en/personal/promotions/latest-promotions/accounts/casa-sep22-promo.html#Existing Customers

$142500*1.5% / 365*31=181.54

The Prevailing Interest (not Bonus Interest) is calculated based on balance tier.

CIMB FastSaver Account
First $25k: 1.50% p.a.
Next $25k: 2.50% p.a.
Next $25k: 3.50% p.a.
Above $75k: 0.80% p.a.

Example

 

[Sambuca78]

The Prevailing Interest (not Bonus Interest) is calculated based on balance tier.

CIMB FastSaver Account
First $25k: 1.50% p.a.
Next $25k: 2.50% p.a.
Next $25k: 3.50% p.a.
Above $75k: 0.80% p.a.

Example

Thanks!

But is this based on Monthly average or 31 Aug day end amount?

 

[xRenol]

Thanks!

But is this based on Monthly average or 31 Aug day end amount?

From my understanding is based on daily end-of-day balance.

If you do not care about the breakdown between Prevailing Interest and Bonus Interest, you can use the spreadsheet from twosix on incremental fresh funds.

 

[twosix]

Thanks!

But is this based on Monthly average or 31 Aug day end amount?

Calculate daily is most accurate.

 

[devion]

OMG, new promo for new to CIMB banking, 4% for 6 months.
https://www.cimb.com.sg/en/personal...:pb_a2:casa_a3:casa4_a4:010923_a5:edm_a6:brch

 

[reflecx]

OMG, new promo for new to CIMB banking, 4% for 6 months.
https://www.cimb.com.sg/en/personal...:pb_a2:casa_a3:casa4_a4:010923_a5:edm_a6:brch

It's for existing CIMB credit card customers who do not already have a savings account. I wonder how many people qualify

 

[iduncheckmail]

Me.
have visa sig CC since early this yr.
Gona open a starsaver acct now.

i'm starting to like this msia bank ........ lol

 

[~sabaisabai~]

Thanks!

But is this based on Monthly average or 31 Aug day end amount?

use @twosix spreadsheet. very accurate

calculate using daily balance

 

[Cumzilla]

Me.
have visa sig CC since early this yr.
Gona open a starsaver acct now.

i'm starting to like this msia bank ........ lol

so have fastsaver but don't have starsaver qualify?

 

[item2sell]

https://www.cimb.com.sg/content/dam...counts/tncs-cimb-savenow-4percent-promo23.pdf

 

[Cumzilla]

https://www.cimb.com.sg/content/dam...counts/tncs-cimb-savenow-4percent-promo23.pdf

b. are “New-to-Deposits customers” who are customers of CIMB Bank that successfully opens any of the Qualifying Accounts stated in clause 2(c) as the main account holder, during the Promotion Period. The customer must 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;

alamak, not qualified...

 

[AlvinDj]

https://www.cimb.com.sg/en/personal/campaign--hidden-/casa-4percent.html

This thread will be growing even longer now lol..

 

[iduncheckmail]

Anyone here is existing CIMB preferred customer ?
PM me , I looking to join . Can split the reward . Thx .

 

[spectral]

Open a CIMB Savings Account online by 31 December 2023 with at least S$1,000 for Savings and S$5,000 for Current account.

the money in current account also 4%?