CIMB FastSaver

alt2015 · May 8, 2025

Hi is cimb preferred worth it ? 2.8% until June . To get $800 need to keep money there for 6 mths

alt2015 · May 8, 2025

alt2015 said:
Hi is cimb preferred worth it ? 2.8% until June . To get $800 need to keep money there for 6 mths

I2.8% until end Jul

sibeiTrolled · May 8, 2025

alt2015 said:
Hi is cimb preferred worth it ? 2.8% until June . To get $800 need to keep money there for 6 mths

If you have to ask, then i will say no.

But on a serious note, if you want to look your funds with 2.8% Interest till 31st July, it dosen't look that bad.

To get that 800 SGD, would mean you have to lock in incremental 250K. Since you only get it 7 months after qualifying account is created,

Assume 1 Month as 30 days
7 Month 210 days
Assume bank Year as 365 days
800 over 210 days = 3..809 SGD
Extra % PA = (3.809*365) / 250000 * 100 = 0.556%

it would mean that you only get roughly 0.55% extra. Is it worth it to you?

Please double check the TnC for any pitfall if it still looks good to you - https://www.cimbpreferred.com.sg/co...red/singapore/document/tncs-/2025/welcome.pdf

alt2015 · May 8, 2025

sibeiTrolled said:
If you have to ask, then i will say no.

But on a serious note, if you want to look your funds with 2.8% Interest till 31st July, it dosen't look that bad.

To get that 800 SGD, would mean you have to lock in incremental 250K. Since you only get it 7 months after qualifying account is created,

Assume 1 Month as 30 days
7 Month 210 days
Assume bank Year as 365 days
800 over 210 days = 3..809 SGD
Extra % PA = (3.809*365) / 250000 * 100 = 0.556%

it would mean that you only get roughly 0.55% extra. Is it worth it to you?

Please double check the TnC for any pitfall if it still looks good to you - https://www.cimbpreferred.com.sg/co...red/singapore/document/tncs-/2025/welcome.pdf

Wa…you sibei

.
Thank you very much for the detailed analysis . If you got better lobang please share .

Squaredot · May 8, 2025

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.

bro, don't mind me asking. I was wondering how come your incremental short of $1 when u funded $5k and didn't have any deposits in Dec :s11:

I hope CIMB will credit u the bonus interest as it's an honest mistake

Sausage · May 8, 2025

probably had some left over from the earlier period.. sometimes I transfer $1, $2 additional in as an intermediary before transferring to another account the next day., this would affect the adb.

Read HWZ Forum Rules!

ericcsn · May 8, 2025

Sausage said:
probably had some left over from the earlier period.. sometimes I transfer $1, $2 additional in as an intermediary before transferring to another account the next day., this would affect the adb.

Read HWZ Forum Rules!

Ok. You were doing $1 to test that bank details were in order before making the big transfer

JetStorm · May 8, 2025

alt2015 said:
Wa…you sibei .
Thank you very much for the detailed analysis . If you got better lobang please share .

Highest no frills is currently UOB Stash at 3% for 100k

Highest with conditions is either UOB One or OCBC 360 at 3.3%

Followed by Maybank 2.8% or 2.9% for May & June based on incremental balance compared to Mar.

July 2025 then come and review again.

alt2015 · May 9, 2025

JetStorm said:
Highest no frills is currently UOB Stash at 3% for 100k

Highest with conditions is either UOB One or OCBC 360 at 3.3%

Followed by Maybank 2.8% or 2.9% for May & June based on incremental balance compared to Mar.

July 2025 then come and review again.

Thks ! Maybank 2.9% for May and June need to register ? Or just top up will do .

alt2015 · May 10, 2025

JetStorm said:
Highest no frills is currently UOB Stash at 3% for 100k

Highest with conditions is either UOB One or OCBC 360 at 3.3%

Followed by Maybank 2.8% or 2.9% for May & June based on incremental balance compared to Mar.

July 2025 then come and review again.

Thks ! Would have kept funds in scb. Going to Maybank today

hwarzoner · May 10, 2025

it seems like cimb fastsaver Interest rate is by tier.
so if i deposit 500K, dont think all my 500K earn the 2.7% interest?

sibeiTrolled · May 10, 2025

hwarzoner said:
it seems like cimb fastsaver Interest rate is by tier.
so if i deposit 500K, dont think all my 500K earn the 2.7% interest?

For amount of 500k, fastsaver isn't worth it. You should be looking at starsaver.

fastsaver	percent	interest PA
25000	1.19%	297.5
25000	2.09%	522.5
25000	2.70%	675
425000	0.80%	3400

EIR	0.979


starsaver	percent	interest PA
100000	1.19%	1190
150000	2.09%	3135
250000	2.70%	6750

EIR	2.215

Additionally, can also look at CIMB Preferred - https://www.cimbpreferred.com.sg/en...eferred-promotions/preferred-acquisition.html

alt2015 · May 10, 2025

alt2015 said:
Thks ! Maybank 2.9% for May and June need to register ? Or just top up will do .

prestige account min 300k . So for 200k is isavy account at 2.8% . Still better than scb 2.5%

hwarzoner · May 10, 2025

sibeiTrolled said:
For amount of 500k, fastsaver isn't worth it. You should be looking at starsaver.

fastsaver percent interest PA
25000
1.19%
297.5
25000
2.09%
522.5
25000
2.70%
675
425000
0.80%
3400
EIR
0.979
starsaver percent interest PA
100000
1.19%
1190
150000
2.09%
3135
250000
2.70%
6750
EIR
2.215

Additionally, can also look at CIMB Preferred - https://www.cimbpreferred.com.sg/en...eferred-promotions/preferred-acquisition.html

thanks for the info

Sausage · May 15, 2025

anyone successfully appealed last time? 2 weeks since I requested for appeal and no call back, I can't believe I lost so much interest because it was $1 short to qualify.

Read HWZ Forum Rules!

coconut1 · May 16, 2025

Sausage said:
anyone successfully appealed last time? 2 weeks since I requested for appeal and no call back, I can't believe I lost so much interest because it was $1 short to qualify.

Read HWZ Forum Rules!

My appeal was successful, interest will be credited by end Jun.

Sausage · May 16, 2025

can I check how long did they take to call you from the date you called?

Read HWZ Forum Rules!

coconut1 · May 16, 2025

Sausage said:
can I check how long did they take to call you from the date you called?

Read HWZ Forum Rules!

I called to follow up 3 times over 2 weeks before they got back with affirmative answer from another internal dept

Spirax · Jun 2, 2025

Cimb FD good?

sibeiTrolled · Jun 2, 2025

Spirax said:
Cimb FD good?

You think good, then it's good.
https://www.cimb.com.sg/en/personal/help-support/rates-charges/rates/sgd-fixed-deposit-rates.html

TENURE	PERSONAL BANKING
	ONLINE PROMO INTEREST RATE (%P.A.)
	S$10,000 AND ABOVE
3 Months	2.15
6 Months	2.05
9 Months	1.85
12 Months	1.85

CIMB FastSaver

Member

Member

Senior Member

Member

Arch-Supremacy Member

High Supremacy Member

Senior Member

Senior Member

Member

Member

Arch-Supremacy Member

Senior Member

Member

Arch-Supremacy Member

High Supremacy Member

Member

High Supremacy Member

Member

Supremacy Member

Senior Member