CIMB FastSaver

[hyperbole]

I’ll put my funds in Maribank for the day

 

[~sabaisabai~]

I’ll put my funds in Maribank for the day

what is the rate?

 

[~sabaisabai~]

Ya, that's why now so messy.
Felt like i did more harm than good now....

TnC up but CIMB not yet updated.
So far only eSaver updated website.
As for HSBC EGA, ppl saying that the Aug promo is live based on the SMS but the website not yet updated

thanks for your kindness to share
perhaps wait till cimb officially announced, else they may changed their mind of not going forward with the promo

 

[heng_ah]

Ya, that's why now so messy.
Felt like i did more harm than good now....

TnC up but CIMB not yet updated.
So far only eSaver updated website.
As for HSBC EGA, ppl saying that the Aug promo is live based on the SMS but the website not yet updated

Another guy answered when I called. He said tomorrow they will publish on their website.
Your TnC PDF will be edited by then.
Same mechanic with July but with new rate 3.4% sigh.....

 

[y2j_chan]

what is the rate?

between 0 - 3.58% p.a

 

[sibeiTrolled]

Another guy answered when I called. He said tomorrow they will publish on their website.
Same mechanic with July but with new rate 3.4% sigh.....

Thanks for the update.

At least now we know cause CIMB drop rates so it was delayed LMAO

 

[~sabaisabai~]

Another guy answered when I called. He said tomorrow they will publish on their website.
Your TnC PDF will be edited by then.
Same mechanic with July but with new rate 3.4% sigh.....

oh the new rate is 3.4%? wow

 

[heng_ah]

I think iSavvy is the best rate now, but need 200k

 

[heng_ah]

Thanks for the update.

At least now we know cause CIMB drop rates so it was delayed LMAO

Maybe because today's T-Bill laosai.
Dropped from 3.64% to 3.40%

 

[pantss]

oh the new rate is 3.4%? wow

for any day during the current month, the Daily Incremental Balance must be a
minimum of S$5,000 in fresh funds in the Qualifying Account on the relevant day. “Daily
Incremental Balance” refers to comparing end-day balance on that day against that of 31
July 2024 (“Comparison Month End-day Balance”) and the end day balance will include
prevailing interest/profit earned for that month (e.g. the daily end of day balance is


—-
If don’t credit by today, means no interest entire month, right? But web page not updated for August either

 

[pantss]

I think iSavvy is the best rate now, but need 200k

Is it tiered interest rate? Or so long above 200k it’s 3.5?

 

[sohguanh]

for any day during the current month, the Daily Incremental Balance must be a
minimum of S$5,000 in fresh funds in the Qualifying Account on the relevant day. “Daily
Incremental Balance” refers to comparing end-day balance on that day against that of 31
July 2024 (“Comparison Month End-day Balance”) and the end day balance will include
prevailing interest/profit earned for that month (e.g. the daily end of day balance is


—-
If don’t credit by today, means no interest entire month, right? But web page not updated for August either

The promo is put monies by 31 July now today is 01 Aug also can?

 

[addict951]

Wah sian
If 3.4% then go press tbill moar attractive cos dun have rubbish tnc somemore get ‘interest’ immediately.

 

[pantss]

The promo is put monies by 31 July now today is 01 Aug also can?

That’s the big qn mark.
Some ppl say CSO say tmr then update the webpage.

based on the new tnc that I quoted a few posts above, if you do not have +5k by end of today, you don’t qualify for interest for the entire month. Coz the monitor both average for end of day and end of month.

So transfer in today also no guarantee. Never transfer today also die.

 

[sibeiTrolled]

So transfer in today also die transfer also die.

Don't transfer in today.
Check back CIMB website tomorrow.

if you do not have +5k by end of today, you don’t qualify for interest for the entire month

There are 2 conditions to this. Don't be confused

1) Bonus calculated daily. On days you have +5K, you get that day bonus interest
2) If on last day of month, you do not have +5K, you forfeit entire month bonus

Treat it as a FD

To add on. Since CIMB has not updated the website and revised their rates, assuming they update tomorrow.

1) We lose today bonus interest. it does not affect the entire month of Aug bonus interest
2) We get 30 days of bonus interest instead of 31 for month of AUG as long we meet the +5k requirement daily AND ON THE LAST DAY OF AUG as well.
3) Bonus will be given out 1 month later after end of this batch promo

 

[pantss]

Don't transfer in today.
Check back CIMB website tomorrow.


There are 2 conditions to this. Don't be confused

1) Bonus calculated daily if you have +5K
2) If on last day of month, you do not have +5K, you forfeit entire month bonus

Treat it as a FD

Tnc 5b)

b. for any day during the current month, the Daily Incremental Balance must be a
minimum of S$5,000 in fresh funds in the Qualifying Account on the relevant day. “Daily
Incremental Balance” refers to comparing end-day balance on that day against that of 31
July 2024 (“Comparison Month End-day Balance”) and the end day balance will include
prevailing interest/profit earned for that month (e.g. the daily end of day balance is
CIMB Bank Berhad (197201001799 (13491-P))
Information is correct as at 1 August 2024
compared against the Comparison Month End-day Balance until the end of the bonus
interest/profit earning period);


AND


For the avoidance of doubt, customer will need to fulfil both end-of-month and end-of-day
balance requirements above to be entitled to Bonus Interest/Profit on any day during the
month.

 

[~sabaisabai~]

for any day during the current month, the Daily Incremental Balance must be a
minimum of S$5,000 in fresh funds in the Qualifying Account on the relevant day. “Daily
Incremental Balance” refers to comparing end-day balance on that day against that of 31
July 2024 (“Comparison Month End-day Balance”) and the end day balance will include
prevailing interest/profit earned for that month (e.g. the daily end of day balance is
—-
If don’t credit by today, means no interest entire month, right? But web page not updated for August either

you wait for their new promo.
Jul month deposit at least 5k is over
maintain 5k on the last month in the balance to get bonus interest

 

[~sabaisabai~]

Maybe because today's T-Bill laosai.
Dropped from 3.64% to 3.40%

quite a significant drop.

 

[hyperbole]

what is the rate?

Maribank 2.7%. They pay interest daily so I will park there and see what CIMB releases tomorrow

 

[sibeiTrolled]

Tnc 5b)

b. for any day during the current month, the Daily Incremental Balance must be a
minimum of S$5,000 in fresh funds in the Qualifying Account on the relevant day. “Daily
Incremental Balance” refers to comparing end-day balance on that day against that of 31
July 2024 (“Comparison Month End-day Balance”) and the end day balance will include
prevailing interest/profit earned for that month (e.g. the daily end of day balance is
CIMB Bank Berhad (197201001799 (13491-P))
Information is correct as at 1 August 2024
compared against the Comparison Month End-day Balance until the end of the bonus
interest/profit earning period);


AND


For the avoidance of doubt, customer will need to fulfil both end-of-month and end-of-day
balance requirements above to be entitled to Bonus Interest/Profit on any day during the
month.

i have rephrased my previous answer to you. Hope that makes it clearer
----------------------------------------------------------------------------------------------
1) Bonus calculated daily. On days you have +5K, you get that day bonus interest
2) If on last day of month, you do not have +5K, you forfeit entire month bonus
----------------------------------------------------------------------------------------------
For this promo, there are 2 conditions that CIMB has laid out

Their bonus is calculated daily then given out later. Hence the point 1

Since they use end of month balance to calculate ADB, they want to deter people from withdrawing their monies on the last day making it zero. Hence the additional clause which is point 2
Meaning that on last day of the month, point 1 and point 2 comes into effect together

So, if you simple treat it as a Fixed deposit, you technically won't have any issue with it.