CIMB FastSaver

[revhappy]

Hi all, will this account auto close after some time if I leave 0 balance inside?

No. I think you should do 1 transaction atleast once in 2 years to keep the account.

 

[PC-User]

No. I think you should do 1 transaction atleast once in 2 years to keep the account.

Thanks. Meaning if I don't do any transaction (with 0 balance) for 2 years then it won't keep my account, which is auto close lah?

 

[Lex1989]

CIMB FastSaver or StarSaver better?

 

[revhappy]

Thanks. Meaning if I don't do any transaction (with 0 balance) for 2 years then it won't keep my account, which is auto close lah?

Yes. 10 char.

 

[revhappy]

CIMB FastSaver or StarSaver better?

You can apply for both. Anyways, no minimum balance. Starsaver has slightly lower interest rate, but it comes with a debit card which can be used for overseas atm cash withdrawal without fees.

Starsaver gives 0.8% interest on any amount of balance. Fast saver give 1% upto 50k, above 50k only 0.6%.

 

[guyz92]

CIMB FastSaver now offer 1.5% PA from $50k to $75k

First S$50,000 = 1% pa
S$50,000 to S$75,000 = 1.5% pa

Source:
https://www.cimbbank.com.sg/en/pers.../savings-accounts/cimb-fastsaver-account.html

 

[maumu]

CIMB FastSaver now offer 1.5% PA from $50k to $75k

First S$50,000 = 1% pa
S$50,000 to S$75,000 = 1.5% pa

Source:
https://www.cimbbank.com.sg/en/pers.../savings-accounts/cimb-fastsaver-account.html

pity it's not good enough to fight against maybank and SC (isavvy and esaver), although it doesn't require customers to move funds every 2 months or so.

so it's good for those who're lazy to catch the latest rates and prefer to just park in one place.

effective interest for 75k is 1.167%...

 

[EveMuffins]

CIMB FastSaver now offer 1.5% PA from $50k to $75k

First S$50,000 = 1% pa
S$50,000 to S$75,000 = 1.5% pa

Source:
https://www.cimbbank.com.sg/en/pers.../savings-accounts/cimb-fastsaver-account.html

Seems like no need fresh funds so I can just transfer from my StarSaver to FastSaver.

 

[Shutterfly]

pity it's not good enough to fight against maybank and SC (isavvy and esaver), although it doesn't require customers to move funds every 2 months or so.

so it's good for those who're lazy to catch the latest rates and prefer to just park in one place.

effective interest for 75k is 1.167%...

Yes, that's pretty nice. Hope this is permanent.

 

[PC-User]

Yes, that's pretty nice. Hope this is permanent.

A place for people who have max out here and there...

 

[cal3135]

Good initiative by CIMB, place for temporary parking.

CIMB FastSaver now offer 1.5% PA from $50k to $75k

First S$50,000 = 1% pa
S$50,000 to S$75,000 = 1.5% pa

Source:
https://www.cimbbank.com.sg/en/pers.../savings-accounts/cimb-fastsaver-account.html

🍎xsmax HardwareZone Forums app

 

[EveMuffins]

CIMB FAST maximum daily limit is 50k, any way to increase the limit?

 

[yiptw89]

Effective interest rate will be ≈1.167% at $75,000.

 

[alex22]

CIMB FAST maximum daily limit is 50k, any way to increase the limit?

Not that i know. Call them ask?

 

[Hwsemb]

CIMB FAST maximum daily limit is 50k, any way to increase the limit?

One way to "self-increase" the limit is to do several post-dated transfers in advance over a few days.

Example: if your intention is to transfer $150k from CIMB to SCB on 30th May:

(1) On 28th, do a post-dated $50k FT request for 30th.
(2) On 29th, do a post-dated $50k FT request for 30th.
(3) do the last $50k FT on actual day, 30th.

 

[retrovox]

CIMB has revised the interest.

Above S$50,000 to S$75,000
1.50% p.a.

 

[EveMuffins]

One way to "self-increase" the limit is to do several post-dated transfers in advance over a few days.

Example: if your intention is to transfer $150k from CIMB to SCB on 30th May:

(1) On 28th, do a post-dated $50k FT request for 30th.
(2) On 29th, do a post-dated $50k FT request for 30th.
(3) do the last $50k FT on actual day, 30th.

Tks for sharing this tip.
Using this method, I still can get CIMB interest for 28th & 29th while all funds will be in SCB by the 1st.

 

[vsvs24]

One way to "self-increase" the limit is to do several post-dated transfers in advance over a few days.

Example: if your intention is to transfer $150k from CIMB to SCB on 30th May:

(1) On 28th, do a post-dated $50k FT request for 30th.
(2) On 29th, do a post-dated $50k FT request for 30th.
(3) do the last $50k FT on actual day, 30th.

Clever. Learn something new. So the daily limit is based on request date, not transfer date.

 

[micromousez]

if i read it correctly, let say i have $80,000 in Fast Saver..

First $50,000 will earn 1% and my remaining $30,000 will earn 1.5% right?

Not my whole $80,000 will earn 1.5%

 

[badsector]

if i read it correctly, let say i have $80,000 in Fast Saver..

First $50,000 will earn 1% and my remaining $30,000 will earn 1.5% right?

Not my whole $80,000 will earn 1.5%

CIMB FastSaver now offer 1.5% PA from $50k to $75k

First S$50,000 = 1% pa
S$50,000 to S$75,000 = 1.5% pa

Source:
https://www.cimbbank.com.sg/en/pers.../savings-accounts/cimb-fastsaver-account.html

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