CIMB FastSaver

[yiron]

The CSO just told me that for the 3-month bonus interest campaign, need to have min 5k on the LAST DAY of the 3rd month ,
else can say byebye to the 3.2% interest for the WHOLE of the 3 months

If on any days before the Last day can withdraw till balance zero is also ok, only Last day must hv the 5k

Wa piang...they didn't write that into the T&C? By right each of the 3 months should be standalone e.g. u can qualify for Dec and fail for Jan/Feb and still get the bonus interest for Dec.

 

[xRenol]

The CSO just told me that for the 3-month bonus interest campaign, need to have min 5k on the LAST DAY of the 3rd month ,
else can say byebye to the 3.2% interest for the WHOLE of the 3 months

If on any days before the Last day can withdraw till balance zero is also ok, only Last day must hv the 5k

Based on the table illustration (#10) in the Terms and Conditions, one still can receive the Bonus Interest for that month if your Month-End Balance is more than S$5,000.

TERMS AND CONDITIONS GOVERNING CIMB CASA BONUS INTEREST/PROFIT PROMOTION DECEMBER 2024

 

[maumu]

the terms and conditions document put "flat 3.2%" for the 50 - 75k tier, even though the website says otherwise (3.3%).

dunno why they didn't bother to update/reconcile the conflicting info.

 

[tiertime]

Wa piang...they didn't write that into the T&C? By right each of the 3 months should be standalone e.g. u can qualify for Dec and fail for Jan/Feb and still get the bonus interest for Dec.

That was wat the CSO told me, maybe you can call in to reverify with another CSO ya

 

[royalmix]

The CSO just told me that for the 3-month bonus interest campaign, need to have min 5k on the LAST DAY of the 3rd month ,
else can say byebye to the 3.2% interest for the WHOLE of the 3 months

If on any days before the Last day can withdraw till balance zero is also ok, only Last day must hv the 5k

If any day you withdraw and dun comply with 5k incremental daily, no BI, even if you comply but mthend no 5k, also no BI!

Wa piang...they didn't write that into the T&C? By right each of the 3 months should be standalone e.g. u can qualify for Dec and fail for Jan/Feb and still get the bonus interest for Dec.

See my comments below for the tnc!

Based on the table illustration (#10) in the Terms and Conditions, one still can receive the Bonus Interest for that month if your Month-End Balance is more than S$5,000.

TERMS AND CONDITIONS GOVERNING CIMB CASA BONUS INTEREST/PROFIT PROMOTION DECEMBER 2024

I am not a customer but I like to read complaints as it confirms my decision is right!

Is this tnc new ie revised and different from past promos? Old birds should be able to confirm what the CSO tell you is right or wrong?

I read the tnc, there is this clause which "defined" this promo is 3mth FD-like, ie you must maintain incremental 5k throughout the 3 mths to get BI which will only be credited by 31 Mar. So if you dun comply, no BI for 3 mths!

Here is the clause: 4c!
4. To qualify for this Promotion, a customer must:

c. Deposit a minimum incremental balance of S$5,000 in fresh funds in the Qualifying Account during the Promotion Period and maintain the minimum incremental balance during the Bonus Interest/Profit Earning Period;

Edit: I am now on a promo with another bank, must keep 100k incremental throughout the 5mth period, then I will be entitled to BI which will be credited in Feb 2025. If I accidentally withdraw to below 100k, there goes my BI and >6% pa returns! I was on another promo, the bank earmarked the amt and give me upfront BI, just ended, > 6%pa returns too!

 

[artemov]

Doesn't seem very correct leh, all the tncs past and present seem to say the BI for each month is independent from each other.

 

[royalmix]

Doesn't seem very correct leh, all the tncs past and present seem to say the BI for each month is independent from each other.

Which clause say so?

HSBC ega tnc mention calendar mth for BI. This tnc never mention, only mention "Bonus Interest/Profit Earning Period" which is 3mths.

If you are vested, best to obtain written confirmation from the bank that BI is by mth, not Profit Earning Period. Unless old birds already received by mth and can confirm it is independent, then CSO is smoking!

Good luck!

(not vested, it is badly written tnc, over complex with details like writing a program specs!)

 

[artemov]

Good luck!

I very kiasu, for all the past promos, I'll keep more than enough for longer than necessary duration

 

[reflecx]

The CSO just told me that for the 3-month bonus interest campaign, need to have min 5k on the LAST DAY of the 3rd month ,
else can say byebye to the 3.2% interest for the WHOLE of the 3 months

If on any days before the Last day can withdraw till balance zero is also ok, only Last day must hv the 5k

I can't find this requirement anywhere in the T&C.

I read the tnc, there is this clause which "defined" this promo is 3mth FD-like, ie you must maintain incremental 5k throughout the 3 mths to get BI which will only be credited by 31 Mar. So if you dun comply, no BI for 3 mths!

Here is the clause: 4c!
4. To qualify for this Promotion, a customer must:

c. Deposit a minimum incremental balance of S$5,000 in fresh funds in the Qualifying Account during the Promotion Period and maintain the minimum incremental balance during the Bonus Interest/Profit Earning Period;

This FD-like interpretation is incorrect as their illustration in point 10 shows that $5k increment is not maintained for Jan, but bonus interest is still given for Dec and Feb.

 

[royalmix]

I can't find this requirement anywhere in the T&C.


This FD-like interpretation is incorrect as their illustration in point 10 shows that $5k increment is not maintained for Jan, but bonus interest is still given for Dec and Feb.

What did CSO tell tiertime? What is stated in tnc clause 4c?

You must comply in the Final Mth to get BI - you just quoted the eg as such!

And interprete what I write properly, FD-like, not FD!

Not vested, you can continue, it is your money at stake!

 

[reflecx]

What did CSO tell tiertime? What is stated in tnc clause 4c?

You must comply in the Final Mth to get BI - you just quoted the eg as such!

And interprete what I write properly, FD-like, not FD!

Not vested, you can continue, it is your money at stake!

I read correctly, you wrote "you must maintain incremental 5k throughout the 3 mths to get BI which will only be credited by 31 Mar. So if you dun comply, no BI for 3 mths!"

 

[maumu]

it's only compared to 30 November, correct? Even for Jan and Feb.

 

[ahchan]

Hi,

I have both the StarSaver and FastSaver accounts.
I understand that both of them can get the 3.2% promotion and there are some differences in the Interest rates structure in these 2 account types. (plus, also the fastsaver has the additional 0.5% for 1st 25K assuming we do the SI-transfer)

Assume that I have more than 75k (e.g. 450k), so is it better to put first 75K in the fastsaver (to maximize the based interest, i.e. to get more interest upfront without waiting till March) and put the rest in the StarSaver ?

Thanks!

 

[tiertime]

Im not saying the CSO is correct or incorrect ar, I'm just saying that's what he told me...

Who wants to test the system or has already tested pls let us know

 

[addict951]

If on any days before the Last day can withdraw till balance zero is also ok, only Last day must hv the 5k

不对了
ts, the “withdraw till $0 part” is it you ownself embellish 1?

Guys, yall remember? Their example & t&c very clearly say not only the last day of each month but daily you must maintain $5K incremental vs comparison month’s last day.

you withdraw till $0 on any other day you won’t get bi for that particular month.

 

[ericcsn]

i remember this:

https://www.straitstimes.com/singap...lances-bank-says-core-systems-not-compromised

Core systems not compromised, but if they were....

 

[addict951]

i remember this:

https://www.straitstimes.com/singap...lances-bank-says-core-systems-not-compromised

Core systems not compromised, but if they were....

Everyone will tio compensated up till S$100K, remember?

 

[ericcsn]

Everyone will tio compensated up till S$100K, remember?

except if it is zero due to complete system problem, and you cant prove what you have in the bank vs the system.

 

[addict951]

Hi,
I did 5b, fast out the 1K giro, acct now 0$.
CSO confirmed $150 cash credit based on para 6, and para 8.

You set up a GIRO of $1K from another bank to your CIMB a/c with the required description?

 

[addict951]

except if it is zero due to complete system problem, and you cant prove what you have in the bank vs the system.

I suggest you not participate in any of the bank threads in this forum & keep all your money in Milo tin.