CIMB FastSaver

[deepblueli]

Does anyone know how to setup GIRO scheduled transfer to earn extra 0.5%?

 

[Oldliao]

Tomorrow also can assume you talking about the 01 Dec 2024 latest promo. It does not have previous promo register etc kind of pattern.

Ya, i thought it means the minimum of $5K need to be in today.

 

[sohguanh]

Ya, i thought it means the minimum of $5K need to be in today.

? The 01 Dec 2024 latest promo never say by today leh. Are you mixing up with previous promo where need to "register" with 5k etc ?

 

[sglandscape]

Ya, i thought it means the minimum of $5K need to be in today.

Can be in anytime in the month of December. From, 1 Dec to 28 Feb, for days you have the 5k above 30 Nov, then you earn the bonus interest for those days.

Also important to maintain the 5k above 30 Nov for 31 Dec, 31 Jan, 28 Feb otherwise you won't get any bonus interest at all during the promo period.

 

[Oldliao]

? The 01 Dec 2024 latest promo never say by today leh. Are you mixing up with previous promo where need to "register" with 5k etc ?

Haha, poor comprehension on my part.

 

[Oldliao]

Also important to maintain the 5k above 30 Nov for 31 Dec, 31 Jan, 28 Feb otherwise you won't get any bonus interest at all during the promo period.

this part i find hard to understand. Can elaborate a bit?

 

[sglandscape]

this part i find hard to understand. Can elaborate a bit?

The tnc states To qualify for bonus interest/ profit for the current month, month-end incremental balance from December 2024 to February 2025 need to be more than S$5,000 in fresh funds# compared against the end-of-day 30 November 2024 balance.

So month end for the 3 months die die need to keep that 5k and above amount.

 

[sohguanh]

this part i find hard to understand. Can elaborate a bit?

To keep it simple 5k put inside don't go below at all times. TnC so many English wordings lucky I learn English in Spore else rugi. Also English let me earn salary. Once retired hehehe switch to my favourite Hokkien hahaha

 

[Oldliao]

The tnc states To qualify for bonus interest/ profit for the current month, month-end incremental balance from December 2024 to February 2025 need to be more than S$5,000 in fresh funds# compared against the end-of-day 30 November 2024 balance.

So month end for the 3 months die die need to keep that 5k and above amount.

Means only that one single day need to be $5k above 30 Nov balance, other days no need? But anyway, if the purpose to transfer fund over is to earn higher interest, then unlikely to move it about. Will keep it there all through until end of Feb.

 

[Oldliao]

To keep it simple 5k put inside don't go below at all times. TnC so many English wordings lucky I learn English in Spore else rugi. Also English let me earn salary. Once retired hehehe switch to my favourite Hokkien hahaha

thks, clearer now. I was thinking once transfer over, not going to touvh it anyway.

 

[x9evolution]

Does anyone know how to setup GIRO scheduled transfer to earn extra 0.5%?

https://www.dbs.com.sg/personal/sup...-transfer-setup-recurring-funds-transfer.html

 

[sglandscape]

To keep it simple 5k put inside don't go below at all times. TnC so many English wordings lucky I learn English in Spore else rugi. Also English let me earn salary. Once retired hehehe switch to my favourite Hokkien hahaha

This is not entirely correct as per the tnc, it's not at all times. The nuance matters for those who wish to take the funds out in case they need it, and want to time it when to bring the funds back.

 

[sglandscape]

thks, clearer now. I was thinking once transfer over, not going to touvh it anyway.

If no plans to touch then it'll be straight forward

 

[yiron]

Means only that one single day need to be $5k above 30 Nov balance, other days no need? But anyway, if the purpose to transfer fund over is to earn higher interest, then unlikely to move it about. Will keep it there all through until end of Feb.

I think the essence lies in this para below.

Example:
(a) if your incremental balance on 29 Dec is $5k, 30 Dec is $4k, 31 Dec is $5k. You get bonus interest for 29 and 31 Dec but not 30 Dec (which did not meet the end-of-day balance requirement).
(b) if your incremental balance on 29 Dec is $5k, 30 Dec is $5k, 31 Dec is $4k. You do not get any bonus interest at all since end-of-month requirement was not met.

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. If customer does not fulfil 5(a) above, customer will not get Bonus Interest/Profit for the entire month even if 5(b) is fulfilled on any day in that month.

 

[ThreeSteps]

date of this post: 02 Dec 2024
CIMB CASA BONUS INTEREST/PROFIT PROMOTION DECEMBER 2024
Refer to bank website: https://www.cimb.com.sg/en/personal/promotions/latest-promotions/accounts/casa-ntb-35.html
t&cs: https://www.cimb.com.sg/content/dam/cimbsg/personal/document/tnc/accounts/2024/casa-tnc-nov2024.pdf
note: If you intend to do this Dec promo, you should download this t&cs pdf file & keep or print it since this file get replaced with the next promo every month.

** (“Promotion”) is available from 1 to 31 December 2024 ("Promotion Period")
** Bonus Interest Earning Period is Dec2024 to Feb2025
** Incremental balance – i.e. compare against balance as of 30 November 2024

** To qualify for this Promotion - deposit a minimum incremental balance of $5k in fresh funds during the Promotion Period (i.e. your incremental balance must be at least $5k latest by 31Dec to ‘register’ for this promo)

** refer to point#5 of t&cs – keep an eye on your end-of month balance :
if you do not have minimum incremental balance of $5k on 31Dec2024, your bonus interest = $0 for the entire month of Dec.
if you do not have minimum incremental balance of $5k on 31Jan, your bonus interest = $0 for the entire month of Jan.
If you do not have minimum incremental balance of $5k on 28Feb, your bonus interest = $0 for the entire month of Feb.

 

[Daffy7]

Opening two fastsaver accounts, one fastsaver another fastsaver i for merry go round ok?

 

[addict951]

Opening two fastsaver accounts, one fastsaver another fastsaver i for merry go round ok?

Nope
All funds that land in any CIMB account must come from a non-CIMB account.

 

[fr33d0m]

The extra interest for Giro or credit card spending is only til Dec 2024. Will be back to 3.2 from Jan 2025

 

[pantss]

CIMB Bonus Interest Promotion
Refer to bank website: https://www.cimb.com.sg/en/personal/promotions/latest-promotions/accounts/casa-ntb-35.html
available from 1 to 30 November 2024 ("Promotion Period")
Bonus Interest Earning Period : Nov2024 to Jan2025

t&cs: https://www.cimb.com.sg/content/dam/cimbsg/personal/document/tnc/accounts/2024/casa-tnc-nov2024.pdf
read point#1, point#4, point#5 and point#8

The link updated…

What’s the tnc for nov to Jan period? I deposited last month on 1st nov. Am i good till 31st Jan or do I have to merry go round?

 

[~sabaisabai~]

The link updated…

What’s the tnc for nov to Jan period? I deposited last month on 1st nov. Am i good till 31st Jan or do I have to merry go round?

yes, till 31 Jan, ensure you keep min $5k on last day of the month till 31 Jan and you may withdraw on 1 Feb