CIMB FastSaver

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sibeiTrolled

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Sausage said:
Not sure if I missed qualifying or what but it's 1 May and I didn't get any bonus interest. This is the history of my deposits.


31 Jan deposited $5k to become eligible
1 Feb Deposited $200k
2 Feb Deposited $200k
7 Feb Deposited $80k
11 Feb Deposited $6k
End-feb $486 interest
17 Mar Deposited $17.5k
End-Mar $566 interest
1 April transferred everything out
End-Apr $28 interest

So yesterday I only got $28. No bonus interest at all this year
Click to expand...
Since you seem to know your stuff, I could only suggest you to contact CIMB support

Additionally I have 2 questions, which may help your case if you do contact them

1) Did that account participate in the Nov 2024 and December 2024 promo?

2) did the 5k, assuming you understood it as increment, came from outside of CIMB? As it needs to be fresh funds to be eligible
 
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rooooy

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Sausage said:
Not sure if I missed qualifying or what but it's 1 May and I didn't get any bonus interest. This is the history of my deposits.


31 Jan deposited $5k to become eligible
1 Feb Deposited $200k
2 Feb Deposited $200k
7 Feb Deposited $80k
11 Feb Deposited $6k
End-feb $486 interest
17 Mar Deposited $17.5k
End-Mar $566 interest
1 April transferred everything out
End-Apr $28 interest

So yesterday I only got $28. No bonus interest at all this year.
Click to expand...
Same for me. Didn't receive any bonus interest .. not sure was it bcos it was withdrawn on 1 Apr .
 
X

xRenol

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Sausage said:
Not sure if I missed qualifying or what but it's 1 May and I didn't get any bonus interest. This is the history of my deposits.


31 Jan deposited $5k to become eligible
1 Feb Deposited $200k
2 Feb Deposited $200k
7 Feb Deposited $80k
11 Feb Deposited $6k
End-feb $486 interest
17 Mar Deposited $17.5k
End-Mar $566 interest
1 April transferred everything out
End-Apr $28 interest

So yesterday I only got $28. No bonus interest at all this year.
Click to expand...

rooooy said:
Same for me. Didn't receive any bonus interest .. not sure was it bcos it was withdrawn on 1 Apr .
Click to expand...
Based on the Terms and Conditions,
4. To qualify for this Promotion, a customer must:
a. For New Customers, open a Qualifying Account online within the Promotion Period;
b. For Existing Customers, hold an existing Qualifying Account before the Promotion Period;
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;
d. Not have previously deposited any minimum incremental balance of S$5,000 in fresh funds in the Qualifying Account from 1 to 31 December 2024 or 1 to 30 November 2024.
 
Sausage

Sausage

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sibeiTrolled said:
Since you seem to know your stuff, I could only suggest you to contact CIMB support
Additionally I have 2 questions, which may help your case if you do contact them
1) Did that account participate in the Nov 2024 and December 2024 promo?
2) did the 5k, assuming you understood it as increment, came from outside of CIMB? As it needs to be fresh funds to be eligible
Click to expand...

no deposit in Nov and Dec 2024 and yes the 5k was from another bank. I called them today, and after a long time on hold for them to check, they said they can only reply next week.


Read HWZ Forum Rules!
 
C

coconut1

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Received a callback from CIMB today and was told my account "participated in preferred banking promotion" that's why never receive interest. I wasn't even aware of it. With CIMB accounts, may have triggered different promotions without being aware as it is deposit dependent. Anyway I request for appeal as I wasn't aware and not sure if I qualified for it since need to maintain funds for >6m to get the $800 gift.

https://www.cimb.com.sg/content/dam...erred-welcome-gift-promotion-2024-wefApr1.pdf
 
A

a4973

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coconut1 said:
Received a callback from CIMB today and was told my account "participated in preferred banking promotion" that's why never receive interest. I wasn't even aware of it. With CIMB accounts, may have triggered different promotions without being aware as it is deposit dependent. Anyway I request for appeal as I wasn't aware and not sure if I qualified for it since need to maintain funds for >6m to get the $800 gift.

https://www.cimb.com.sg/content/dam...erred-welcome-gift-promotion-2024-wefApr1.pdf
Click to expand...
Then maybe you might have to give up the welcome gift to get the interest if it's a case of one or the other?
 
C

coconut1

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a4973 said:
Then maybe you might have to give up the welcome gift to get the interest if it's a case of one or the other?
Click to expand...
yah, but don't think i maintained the required sum for the full 6 months so no loss for this welcome gift
 
O

oceanicmanta

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coconut1 said:
Received a callback from CIMB today and was told my account "participated in preferred banking promotion" that's why never receive interest. I wasn't even aware of it. With CIMB accounts, may have triggered different promotions without being aware as it is deposit dependent. Anyway I request for appeal as I wasn't aware and not sure if I qualified for it since need to maintain funds for >6m to get the $800 gift.

https://www.cimb.com.sg/content/dam...erred-welcome-gift-promotion-2024-wefApr1.pdf
Click to expand...

the CS smoking ??

you shld also get the usual Base and Bonus interest, on top of the $800 Preferred Welcome reward
 
Sausage

Sausage

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sibeiTrolled said:
Since you seem to know your stuff, I could only suggest you to contact CIMB support
Additionally I have 2 questions, which may help your case if you do contact them
1) Did that account participate in the Nov 2024 and December 2024 promo?
2) did the 5k, assuming you understood it as increment, came from outside of CIMB? As it needs to be fresh funds to be eligible
Click to expand...

they didn't return my call from last week so I called again today and they told me my incremental deposit was $1 short to qualify!
I asked if I can appeal and they sounded very apprehensive. buy I just asked nicely if they can try to help and they said no guarantees. we'll see how it goes. it's a lot of interest lost if that's the case.


Read HWZ Forum Rules!
 
E

ericcsn

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Sausage said:
they didn't return my call from last week so I called again today and they told me my incremental deposit was $1 short to qualify!
I asked if I can appeal and they sounded very apprehensive. buy I just asked nicely if they can try to help and they said no guarantees. we'll see how it goes. it's a lot of interest lost if that's the case.


Read HWZ Forum Rules!
Click to expand...
where did you park your money since?
 
K

kyiori

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Does CIMB FastSaver consider the previous month's average daily balance (ADB)?
Assuming I deposited $75K in April and received the interest on 1 May, if I withdraw all the interest on 1 May and keep the $75K in the account, can I still earn the 1.99% interest until end of May?
 
Last edited:
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sibeiTrolled

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kyiori said:
Does CIMB FastSaver consider the previous month's average daily balance (ADB)?
Click to expand...
Base interest calculated daily and given monthly, with no consideration to previous month.

kyiori said:
Assuming I deposited $75K in April and received the interest on 1 May, if I withdraw all the interest on 1 May and keep the $75K in the account, can I still earn the 1.99% interest until end of May?
Click to expand...
Yes. Though with 1.99%, getting that ~120 per month and transferring out every month, i personally find it a chore.
0.8% for the sum above 75K vs 2.X% else where for that 120+ ain't much.
 
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