CIMB FastSaver

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ericcsn

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alt2015 said:
Apply to both fastsaver and star saver?
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i did fastsaver only and from this jan after reading through what was on offer.
no idea about star saver but i dont want to put a lot of money with the bank (keep to $100K).
Go UOB one, UOB stash (coupled with welcome gift) etc, spread for better risk management
 
tiertime

tiertime

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ericcsn said:
no need salary.

not necessary salary, standing instruction suitable tag as SI -CIMB ok .
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You mean we can transfer via FAST/GIRO to CIMB FastSaver from our own DBS savings account and put the description as "SI -CIMB" and get the extra 0.5% interest for our first 25k ?


Update
The T&C here
https://www.cimb.com.sg/content/dam...ent/tnc/accounts/2024/tnc-salaryFSA-Oct24.pdf

States the extra 0.5% for the first 25k - we can only get it if its GIRO from corporate account, NOT individual account/PayNow ....


Like that cannot la... Coz the cycle is only for 3 mths, then after 3 mths hv to merry go round out le , then do all the GIRO for nothing for the subsequent 3 mths... Waste effort le..
 
Last edited:
twosix

twosix

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tiertime said:
It was good info for the rest of us 👏
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until someone tested it and proven it to be working, it is just fable to me.

and the other +1.5% need to spend $800/mth with their credit card. haha...

i'm better off with just the 3.2%. no need to geng so hard. but dun let my rantings discourage anyone from aiming for the additional 2%.
 
Devilsire

Devilsire

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tiertime said:
You mean we can transfer via FAST/GIRO to CIMB FastSaver from our own DBS savings account and put the description as "SI -CIMB" and get the extra 0.5% interest for our first 25k ?


Update
The T&C here
https://www.cimb.com.sg/content/dam...ent/tnc/accounts/2024/tnc-salaryFSA-Oct24.pdf

States the extra 0.5% for the first 25k - we can only get it if its GIRO from corporate account, NOT individual account/PayNow ....
Click to expand...

Reread the tnc again, point 6 and 6b and 6c

twosix said:
until someone tested it and proven it to be working, it is just fable to me.

and the other +1.5% need to spend $800/mth with their credit card. haha...

i'm better off with just the 3.2%. no need to geng so hard. but dun let my rantings discourage anyone from aiming for the additional 2%.
Click to expand...
its quite simple and a few mins of clicking for the 0.5% AI. however its capped at just ~$10/account per mth. Eg, if split max 4accounts of 25k each, $40/mth :o
the spending part i agree its not easy thou unless one already have spare allocated spendings or willing to share an easy way of manufactured spendings.
$31.25/$800 = 3.9% ROI
$20.83/$300 = 6.9% ROI
worthed the effort or not, depends on individuals
 
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