CIMB FastSaver

[Sumimasen]

Yes. 28 Feb 2025

https://web.archive.org/web/2024110...cument/tnc/accounts/2024/casa-tnc-nov2024.pdf

Thanks. If I withdraw all the money from my fastsaver ac, the BI will still be given on 28 Feb no impact right since I already fulfilled the locked in nov-jan?

 

[daranic]

How come few cents , did you put at least $5K?

Yes. Deposited more than $5k and SI $1k in Dec 2024. Dec only has $1.01 interest.

Jan 2025 deposited more money and SI $1k. 31/1 there is $12+ of interest and <$1 of “Int Giro payment CR”.

 

[IcYFl4mEz]

Thanks. If I withdraw all the money from my fastsaver ac, the BI will still be given on 28 Feb no impact right since I already fulfilled the locked in nov-jan?

Yes, i already withdraw mine.

 

[sibeiTrolled]

Thanks. If I withdraw all the money from my fastsaver ac, the BI will still be given on 28 Feb no impact right since I already fulfilled the locked in nov-jan?

Yes. You can zero out your account.

But just skim through the TnC again just to be sure and keep a copy of the TnC on your own just in case

 

[qwerty8988]

Now where to park for Feb onwards?

 

[x9evolution]

Now where to park for Feb onwards?

I am parking to iSavvy FD 36M @ 2.85% , they are giving upfront interest.so if you reinvest your interest for 36M again, EIR is 3.09% for 3 years

 

[sglandscape]

I am parking to iSavvy FD 36M @ 2.85% , they are giving upfront interest.so if you reinvest your interest for 36M again, EIR is 3.09% for 3 years

That's not how it works

 

[x9evolution]

That's not how it works

To be honest I fail my O level math , I use my simple calculation as below

Day 1 I put A amount to FD 36M 2.85%
Day 2 I get B amount of interest and use this B interest to put FD also 36M 2.85%
Day 3 1 get C amount of interest

So my A amount give me B+C total amount of interest which is equivalent to 3.09%

 

[Goodintentions]

I am parking to iSavvy FD 36M @ 2.85% , they are giving upfront interest.so if you reinvest your interest for 36M again, EIR is 3.09% for 3 years

3 years is a looooong commitment. And if you only put in a small sum, the interest earned is very very little.

 

[x9evolution]

3 years is a looooong commitment. And if you only put in a small sum, the interest earned is very very little.

Interest are in the downward trend after reaching its peak for the pass 2 years , I am looking for no risk commitment and most bank are cutting its promo from this month , not a good sign. So locking on a fixed rate for next 3 years rather then every few months merry go round with the falling rate

 

[Ch3tah_39]

To be honest I fail my O level math , I use my simple calculation as below

Day 1 I put A amount to FD 36M 2.85%
Day 2 I get B amount of interest and use this B interest to put FD also 36M 2.85%
Day 3 1 get C amount of interest

So my A amount give me B+C total amount of interest which is equivalent to 3.09%

Lol why interest will interest will you invest in same product?

 

[twosix]

3 years is a looooong commitment. And if you only put in a small sum, the interest earned is very very little.

well, it is still earning the same interest rates, whether one puts in $1k or $100k. what matters is every cent counts.

 

[maumu]

still no sign of the $150 SI promo (supposed to be on 31 Jan). anybody got it yet? wondering if did something wrong (become not eligible) but I did receive the SI bonus 0.5% for December so should qualify...

 

[sglandscape]

To be honest I fail my O level math , I use my simple calculation as below

Day 1 I put A amount to FD 36M 2.85%
Day 2 I get B amount of interest and use this B interest to put FD also 36M 2.85%
Day 3 1 get C amount of interest

So my A amount give me B+C total amount of interest which is equivalent to 3.09%

Consider putting into SSB instead if you have not maxed out.

No it's still 2.85% regardless. You could think of it as a zero coupon bond, or similar to T-bills.

 

[ahchan]

still no sign of the $150 SI promo (supposed to be on 31 Jan). anybody got it yet? wondering if did something wrong (become not eligible) but I did receive the SI bonus 0.5% for December so should qualify...

I remember once I checked with the CSO and she mentioned that for the $150 we need to have both Salary + SI.
But upon checking with the TnC and also confirm with the experts here, the $150 is "either or" for the Salary and SI. So I just treated the CSO information as untrue.

But now I got a feeling that maybe it needs both Salary + SI, just that they have written wrongly on their TnC.
Haha, if that is the case, they should still honour it since it is their mistake.

Has anyone done both Salary and SI? If yes, did you get the $150 on 31-Jan?

 

[sglandscape]

I remember once I checked with the CSO and she mentioned that for the $150 we need to have both Salary + SI.
But upon checking with the TnC and also confirm with the experts here, the $150 is "either or" for the Salary and SI. So I just treated the CSO information as untrue.

But now I got a feeling that maybe it needs both Salary + SI, just that they have written wrongly on their TnC.
Haha, if that is the case, they should still honour it since it is their mistake.

Has anyone done both Salary and SI? If yes, did you get the $150 on 31-Jan?

They likely forgot and would credit if in Feb instead is my guess.

 

[ahchan]

They likely forgot and would credit if in Feb instead is my guess.

Haha, that is also likely possible.

If that is the case, then it is very unprofessional for CIMB.
It is hard to imagine an establish bank in the banking business for many years and can "forget" what they promised and drafted black & white in the official TnC document.

 

[sibeiTrolled]

If that is the case, then it is very unprofessional for CIMB.
It is hard to imagine an establish bank in the banking business for many years and can "forget" what they promised and drafted black & white in the official TnC document

Screw up happens.
SCB had claw backs, HSBC had missing promises which was then manually credited after a "big" hoo ha.
Well, those are the 2 events that i roughly remember.
Oh wait... CIMB also waited till 7-8PM on 1st Aug last year to update their webpage and "offically" release their CASA TnC

Correspondence with the bank should also be saved and archive. Phone calls while being "recorded" is merely a magic trick used by banks to protect themself when needed.

The only thing that stands between you and the bank screw up is by having your own downloaded copy of the TnC

 

[thretiredDad]

The officer replied my email saying no such $150 promotion. I couldn't find the org ad/T&C for this, so can only accept what she said... It seems the $150 reward gone...

Screw up happens.
SCB had claw backs, HSBC had missing promises which was then manually credited after a "big" hoo ha.
Well, those are the 2 events that i roughly remember.
Oh wait... CIMB also waited till 7-8PM on 1st Aug last year to update their webpage and "offically" release their CASA TnC

Correspondence with the bank should also be saved and archive. Phone calls while being "recorded" is merely a magic trick used by banks to protect themself when needed.

The only thing that stands between you and the bank screw up is by having your own downloaded copy of the TnC

or as what one of the brother here said

they can just use clause 16a

 

[MastersIT]

or as what one of the brother here said

they can just use clause 16a

You like dun read what people write

You like anyhow comment

Now you like anyhow quote

You here to create unnecessary chaos and confustions is it?

You dun bother to read Tncs?

pop up no where here for free buffet and need people feed you some more