CIMB FastSaver

[whatheheck]

https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-apr25.html

who dumped more than 5M on them until they BTH and jit tao say they no need the marnee

 

[FlyGuardX]

https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-apr25.html

who dumped more than 5M on them until they BTH and jit tao say they no need the marnee

need to move out

 

[Oldliao]

I locked mine in Maybank TD for 36mths @2.85%

https://sslsecure.maybank.com.sg/cg...*MTc0MTIwODA0OC4yNC4xLjE3NDEyMDgwNTcuNTEuMC4w

Not a bad idea. Especially if rates continue to trend downwards. Even if rise again at some point, probably not much. I dunno. Sometimes i feel damn tired to keep checking for new options every 2-3 months, lock in 3 years, no need to think for next 3 years also good.

 

[Ch3tah_39]

Omg so sien rates dropping again.

 

[x9evolution]

Is this just pure FD, no need deposit to the saving/current account ?

You need to apply a iSavvy saving account , then do a FD from the saving , the upfront interest will be credited on the next day to the saving account

 

[x9evolution]

Not a bad idea. Especially if rates continue to trend downwards. Even if rise again at some point, probably not much. I dunno. Sometimes i feel damn tired to keep checking for new options every 2-3 months, lock in 3 years, no need to think for next 3 years also good.

Ya with the interest going downhill trend , locking @2.85% for 3 yrs is quite a good deal as of now.

 

[Agate8]

https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-apr25.html

Hi, i just saw this message when i login to cimb.

I did placement in Jan 25 for the 3.3%. SO in this case, the 3.3% promo is valid till end mar?

To pull out funds 1st thing in April. Anyone else participated in this in Jan too? Just want to confirm this.

 

[~sabaisabai~]

https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-apr25.html

Hi, i just saw this message when i login to cimb.

I did placement in Jan 25 for the 3.3%. SO in this case, the 3.3% promo is valid till end mar?

To pull out funds 1st thing in April. Anyone else participated in this in Jan too? Just want to confirm this.

you mean the bonus interest?
it was 3.2% till end march
yes, can withdraw the fund out on 1 april

 

[alt2015]

you mean the bonus interest?
it was 3.2% till end march
yes, can withdraw the fund out on 1 april

If say got 100k, Can withdraw 95k, but keep 5k to withdraw on 1 Apr? It won’t affect the int on 95k up to 30th March ?

 

[wutawa]

If say got 100k, Can withdraw 95k, but keep 5k to withdraw on 1 Apr? It won’t affect the int on 95k up to 30th March ?

Any amount of money u withdraw on 1 Apr wont affect the int before 1 Apr.

 

[~sabaisabai~]

If say got 100k, Can withdraw 95k, but keep 5k to withdraw on 1 Apr? It won’t affect the int on 95k up to 30th March ?

yes, keep 5k on the last day of march, else your bonus interest all gone
and the rest u can withdraw out..
why dont you keep till 1 april then withdraw all out? can get 3.2% leh

 

[sibeiTrolled]

If say got 100k, Can withdraw 95k, but keep 5k to withdraw on 1 Apr? It won’t affect the int on 95k up to 30th March ?

Saw the rest of the peeps reply you and i still got to myself.
March has 31 days, not 30 days.
No point withdrawing 95k first... Why would you do that? You don't want interest for the 95K on that day?

You are not affected by the rate change.

Your promo runs from 1st Jan till 31st March 2025. This is your TnC - https://www.cimb.com.sg/content/dam/cimbsg/personal/document/tnc/accounts/2025/casa-tnc-jan2025.pdf

You withdraw all your monies on 1st April 2025 then you say bye to this bank.
Then check back on 1st May 2025 for your remaining monies

 

[ericcsn]

Saw the rest of the peeps reply you and i still got to myself.
March has 31 days, not 30 days.
No point withdrawing 95k first... Why would you do that? You don't want interest for the 95K on that day?

You are not affected by the rate change.

Your promo runs from 1st Jan till 31st March 2025. This is your TnC - https://www.cimb.com.sg/content/dam/cimbsg/personal/document/tnc/accounts/2025/casa-tnc-jan2025.pdf

You withdraw all your monies on 1st April 2025 then you say bye to this bank.
Then check back on 1st May 2025 for your remaining monies

I hold a different view- in my mind Clause 16 invalidates the original illustrated rates.

 

[~sabaisabai~]

Saw the rest of the peeps reply you and i still got to myself.
March has 31 days, not 30 days.
No point withdrawing 95k first... Why would you do that? You don't want interest for the 95K on that day?

You are not affected by the rate change.

Your promo runs from 1st Jan till 31st March 2025. This is your TnC - https://www.cimb.com.sg/content/dam/cimbsg/personal/document/tnc/accounts/2025/casa-tnc-jan2025.pdf

You withdraw all your monies on 1st April 2025 then you say bye to this bank.
Then check back on 1st May 2025 for your remaining monies

Well said

 

[alt2015]

Well said

Saw the rest of the peeps reply you and i still got to myself.
March has 31 days, not 30 days.
No point withdrawing 95k first... Why would you do that? You don't want interest for the 95K on that day?

You are not affected by the rate change.

Your promo runs from 1st Jan till 31st March 2025. This is your TnC - https://www.cimb.com.sg/content/dam/cimbsg/personal/document/tnc/accounts/2025/casa-tnc-jan2025.pdf

You withdraw all your monies on 1st April 2025 then you say bye to this bank.
Then check back on 1st May 2025 for your remaining monies

Yes make sense to withdraw on 1 April.asking Just in case I need the funds before 1 April.

 

[sibeiTrolled]

need the funds before 1 April

Now, then it make sense since you are just prepping in this scenario

So CIMB Jan 2025 promo is based on seeing increment of 5k above 31 Dec 2024 end of day balance.

So you must check how much did you have on 31 Dec 2024. If you are not sure, you can reverse calculate through the CIMB statement.

As long as you have increment of 5000 above 31 Dec 2024, you are safe. But just to be sure, personally I would leave 1k more (6000) however that is your choice to make

 

[sibeiTrolled]

need the funds before 1 April

Part 2.. sorry typing on phone, not too used to it.

Assuming you really need all the 100k, actually you can just forgo the march bonus interest then and withdraw everything.
This is the worst case

There is another route you can take that is just ensure that at least on 31 March 2025, you have the 5k increments above 31st Dec 2024 end of day balance

 

[alt2015]

Part 2.. sorry typing on phone, not too used to it.

Assuming you really need all the 100k, actually you can just forgo the march bonus interest then and withdraw everything.
This is the worst case

There is another route you can take that is just ensure that at least on 31 March 2025, you have the 5k increments above 31st Dec 2024 end of day balance

Thanks!

 

[thretiredDad]

The welcome gift only awarded after 7 mths, and need maintain AUM 6mths
while the 3.3% only till Apr

Come to think of it
but if we are using starsaver
which there is no cap of interest earned
for funds above $250k
Can get 2.7% pa from 1 April


the only downside
$200k each day withdrawal limit

 

[thretiredDad]

Yes make sense to withdraw on 1 April.asking Just in case I need the funds before 1 April.

unless you are going for
“take note“ : the april 1 promotion is not out

Earn up to 3.3%** p.a. and receive S$800* in Welcome Gift​

When you sign up for a CIMB Preferred Banking relationship​

Depositing $250,000 on April 1
to enjoy 3 months of 3.3% pa
based on 31 march closing balance