CIMB FastSaver

[xRenol]

The bank this thread belongs to, haha CIMB,
though its 3.5%
and credit your salary or set up scheduled recurring transfers (Standing Instructions via GIRO) of minimum S$1,000 into your CIMB FastSaver Account to earn additional interest rate of 0.50%^ p.a. on the first S$25,000 of your CIMB FastSaver Account balance.

Notsure if PayNow salary transfer accepted
as it says,
The following transactions are excluded from salary crediting:
 Any transaction from an individual’s account (including PayNow);

Salary transfer through PayNow is accepted provided it fulfills the following condition:
Only salary credited through GIRO/PayNow with transaction description of “SALA” or containing “SALA” in your statement by a company, organization, business entity or such other entity acceptable to CIMB Bank at its discretion will qualify

 

[pratik28]

Salary transfer through PayNow is accepted provided it fulfills the following condition:
Only salary credited through GIRO/PayNow with transaction description of “SALA” or containing “SALA” in your statement by a company, organization, business entity or such other entity acceptable to CIMB Bank at its discretion will qualify

oh ok, but must a company paynow rght as they specifically exclude individuals doing SALA paynow

 

[BeanFarmer]

Was there a change recently? I threw a lump sump into a star saver account since October and left it there, got the bonus interest every month up until May, where I only see the normal interest coming in.

 

[reflecx]

Was there a change recently? I threw a lump sump into a star saver account since October and left it there, got the bonus interest every month up until May, where I only see the normal interest coming in.

CIMB had a promotion last year where you were given 6 mths of bonus interest. Your 6 months must have run out.

 

[BeanFarmer]

CIMB had a promotion last year where you were given 6 mths of bonus interest. Your 6 months must have run out.

Right… thanks!

 

[GrandJedi]

CIMB had a promotion last year where you were given 6 mths of bonus interest. Your 6 months must have run out.

Curious.. what was the bonus interest rate given then?

This latest promo seems quite straight foward, flat 3.5% (competitive with iSavvy and eSaver).

 

[reflecx]

Curious.. what was the bonus interest rate given then?

This latest promo seems quite straight foward, flat 3.5% (competitive with iSavvy and eSaver).

It was 3.5% as well, similar terms except it was for 6 mths instead of 2. Bonus was given earlier, on the 20th of the following month.

 

[TOKARA]

I got both star and fast

if i got 150k to park, which one will generate more interest?

i think fastsaver is the better one?

 

[sibeiTrolled]

I got both star and fast

if i got 150k to park, which one will generate more interest?

i think fastsaver is the better one?

Both are the same for this ongoing promo as they will still receive the same 3.5%.

The only diff right now is the base interest as you may or may not get much higher base interest earlier with fastsaver. Kinda lazy to calculate it.

But eventually, you will just get 3.5% in total once the bonus interest is credited.

 

[compro_1975]

It was 3.5% as well, similar terms except it was for 6 mths instead of 2. Bonus was given earlier, on the 20th of the following month.

love that promo, no brainer, no need do anything also

 

[AndroidComa]

Both are the same for this ongoing promo as they will still receive the same 3.5%.

The only diff right now is the base interest as you may or may not get much higher base interest earlier with fastsaver. Kinda lazy to calculate it.

But eventually, you will just get 3.5% in total once the bonus interest is credited.

when the promo ends?

 

[sibeiTrolled]

when the promo ends?

Are you a new or existing customer?

New to bank - https://www.cimb.com.sg/content/dam...ccounts/TnC_CASA_Bonus_Interest_NTB_May24.pdf

Existing - https://www.cimb.com.sg/content/dam...4/tnc_CASA_Bonus_Interest_Promo_ETB_Jun24.pdf

Promo runs from Jun 1 to July 31st

 

[AndroidComa]

Are you a new or existing customer?
New to bank -
https://www.cimb.com.sg/content/dam...ccounts/TnC_CASA_Bonus_Interest_NTB_May24.pdf
Existing -
https://www.cimb.com.sg/content/dam...4/tnc_CASA_Bonus_Interest_Promo_ETB_Jun24.pdf
Promo runs from Jun 1 to July 31st

that's very short period leh I tot can get 3.5 till end of this year I happy liao

 

[compro_1975]

anyone set up SI from DBS before. will it meet the condition? previously my SALA via paynow from my company did not qualify me for the taka voucher...... but that is beyond my control leh

 

[roz_sid]

any idea aft 31st july where to park cash?

 

[sglandscape]

any idea aft 31st july where to park cash?

No body knows until closer to the date.

 

[Sambuca78]

anyone set up SI from DBS before. will it meet the condition? previously my SALA via paynow from my company did not qualify me for the taka voucher...... but that is beyond my control leh

I set up the SI in DBS but i cannot tell if it is acceptable in CIMB since there is no indicator.

 

[wutawa]

I set up the SI in DBS but i cannot tell if it is acceptable in CIMB since there is no indicator.

it is SI GIRO, not paynow right? should be fine bah

 

[Sambuca78]

it is SI GIRO, not paynow right? should be fine bah

Ya, I see GIRO-IBG and SI SI at the bottom

Actually hor the additional 0.5% for the SI is up to $25k and for 2 months only, so additional $20.8 nia for 2 months...

 

[compro_1975]

Cimb is daily interest right? So if I have 170k coming just for tonight, only 100k will earn interest?