CIMB FastSaver

[Squaredot]

Thanks, @Squaredot.

I have set up the SI with DBS to credit to my FastSaver and the earliest date is 28 Feb 2025.

If the $1,000 appears in my FastSaver on 28 Feb 2025, I think rather than GIRO, it would have been transferred via FAST. Let’s hope CIMB will still consider it as an eligible transaction since unlike other banks like HSBC there is no option to select GIRO when setting up SI on DBS iBanking.

So now I just need to ensure the funds are in my DBS account on 28 Feb 2025 for the SI to take place? There is no need to bring the funds in earlier?

Thanks.

I always have funds in my POSB account so I may not be the best person to answer your question. But I think you fund your DBS by 28 Feb 2025 midnight 0:00 as we don't know what time the debit will take place on that day.

I believe SI is not a FAST transaction. The transaction code shown in CIMB is SI, not FAST. I also recall some bros feedback their $1000 is not credited immediately after money deducted from their DBS/POSB account. Personally I haven't observed that, when I remember to check my CIMB, the $1000 is already inside my Fastsaver I can't tell if there is a time lag as I didn't monitor what time my money is debited.
I received 0.5% interest on 31Jan for SI credited in Dec.

Hope all works well for u on 28 Feb

 

[twosix]

any suggestions for after February for folks with cycle ending


Read HWZ Forum Rules!

Some planning for scb esaver.

 

[wutawa]

any suggestions for after February for folks with cycle ending


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Same for me. Esaver from 1 mar.

Esaver promo ends mar though. *digs nose*

 

[sglandscape]

any suggestions for after February for folks with cycle ending


Read HWZ Forum Rules!

Keep fingers crossed, wait till 1 March and hope for the best

 

[Kayeesha]

I always have funds in my POSB account so I may not be the best person to answer your question. But I think you fund your DBS by 28 Feb 2025 midnight 0:00 as we don't know what time the debit will take place on that day.

I believe SI is not a FAST transaction. The transaction code shown in CIMB is SI, not FAST. I also recall some bros feedback their $1000 is not credited immediately after money deducted from their DBS/POSB account. Personally I haven't observed that, when I remember to check my CIMB, the $1000 is already inside my Fastsaver I can't tell if there is a time lag as I didn't monitor what time my money is debited.
I received 0.5% interest on 31Jan for SI credited in Dec.

Hope all works well for u on 28 Feb

Thanks @Squaredot.

If it is not FAST then the SI debited from DBS will appear in CIMB FastSaver earliest the next day March 1 in which case I will not be eligible to earn the 0.5% bonus interest for Feb.

I think the reason why you received 0.5% interest on 31 Jan for SI credited in Dec is because your SI probably took place earlier than 31 Dec 2024, latest 30 Dec 2024?

Thanks.

 

[x9evolution]

no lah, just setup once if done right. But since x9 point out about "spacing", I just let blacktortise know.
yah I'm cancelling it too, my Feb SI is completed.

Ya , I did the copy and paste method from the tnc for my colleagues and myself back in Dec recurring for 3 months to Feb 2025, all 5 of us get the $150

 

[Squaredot]

Thanks @Squaredot.

If it is not FAST then the SI debited from DBS will appear in CIMB FastSaver earliest the next day March 1 in which case I will not be eligible to earn the 0.5% bonus interest for Feb.

I think the reason why you received 0.5% interest on 31 Jan for SI credited in Dec is because your SI probably took place earlier than 31 Dec 2024, latest 30 Dec 2024?

Thanks.

Yes, mine is done for Dec, Jan and Feb. So far the amount debited from my POSB was credited to Fastsaver on the same day.
So no harm trying, I hope it works for u too.

 

[BlackTortoise]

Ya , I did the copy and paste method from the tnc for my colleagues and myself back in Dec recurring for 3 months to Feb 2025, all 5 of us get the $150

I will only do 1 time SI on 28 Feb 2025, then cash out everything to esaver on 01 March 2025, duno will get $150 or not?

 

[Kayeesha]

Yes, mine is done for Dec, Jan and Feb. So far the amount debited from my POSB was credited to Fastsaver on the same day.
So no harm trying, I hope it works for u too.

Yours was debited and credited on the same day? Excellent! I can now hope that mine will also be debited and credited on the same day. Thanks, @Squaredot

 

[Mickey01]

I will only do 1 time SI on 28 Feb 2025, then cash out everything to esaver on 01 March 2025, duno will get $150 or not?

you will get 0.5%*$25k*28/365 for this SI ...............

 

[tiertime]

you will get 0.5%*$25k*28/365 for this SI ...............

Oh , the SI interest per month is like only $9.60 ar ....

I thought the extra 0.5% was on the full balance amount

 

[x9evolution]

I will only do 1 time SI on 28 Feb 2025, then cash out everything to esaver on 01 March 2025, duno will get $150 or not?

Too late to do anything for the $150 , it had ended on 31 Dec 2024

 

[Mickey01]

Oh , the SI interest per month is like only $9.60 ar ....

I thought the extra 0.5% was on the full balance amount

....

 

[Ch3tah_39]

I always have funds in my POSB account so I may not be the best person to answer your question. But I think you fund your DBS by 28 Feb 2025 midnight 0:00 as we don't know what time the debit will take place on that day.

I believe SI is not a FAST transaction. The transaction code shown in CIMB is SI, not FAST. I also recall some bros feedback their $1000 is not credited immediately after money deducted from their DBS/POSB account. Personally I haven't observed that, when I remember to check my CIMB, the $1000 is already inside my Fastsaver I can't tell if there is a time lag as I didn't monitor what time my money is debited.
I received 0.5% interest on 31Jan for SI credited in Dec.

Hope all works well for u on 28 Feb

For SI I believe there will be a time lag. I am thinking to myself that those that FAST with "SI-CIMB" do they get the additional interest too? After seeing the criteria to get the payday promo seems to be quite lax lol

 

[sglandscape]

For SI I believe there will be a time lag. I am thinking to myself that those that FAST with "SI-CIMB" do they get the additional interest too? After seeing the criteria to get the payday promo seems to be quite lax lol

Don't think FAST would work tried.

 

[Squaredot]

For SI I believe there will be a time lag. I am thinking to myself that those that FAST with "SI-CIMB" do they get the additional interest too? After seeing the criteria to get the payday promo seems to be quite lax lol

SI and FAST are different thing bro
don't try FAST for SI 0.5%

 

[Squaredot]

Ok, done the SI again. This time round I key in Ref SI - CIMB. Lucky can still deduct on 28 Feb. Huat ahh.

sorry bro, missed your post yesterday.
All done properly is good. Huat ah!

 

[Tetrafox]

I had standing instruction of 1k in Sep 2024 with description SI SI.

I changed the standing instructions to transfer 1k from Oct 2024 with the description SI CIMB.

CSO was unsure whether I was eligible for the $150 promotion and said will get the relevant department to get back to me.

Got my $150 today, 2 days after calling in.

 

[Squaredot]

$150 is credited
@sglandscape @wutawa @Mickey01 Did u all rec it too?
forgot who else didn't rec $150

 

[wutawa]

$150 is credited
@sglandscape @wutawa @Mickey01 Did u all rec it too?
forgot who else didn't rec $150

I received it a few wks ago.