CIMB FastSaver

[GrandJedi]

"SI via GIRO $1,000" award you an additional 0.5% for the first $25,000 balance in FastSaver Accounts. If you are going for the StarSaver account, this is not applicable.

CIMB StarSaver promotion is so much better than SCB eSaver. (For the big boys, interest can be 0.5% more)

 

[sohguanh]

what is this "SI via Giro for 1k"? If have bigger amounts can go for CIMB savings account.

Scroll this thread got ppl try but worry disqualified becuz English word got repeat SI etc etc. Some old bird do before say ok etc. If disqualified then lose 0.5% still not too bad but becuz 75k that monies appear bigger.

 

[ericcsn]

last month i gave it a miss.

this month i will get in

 

[GrandJedi]

Is there a way to tell if if I am in the 2 month promo cycle of the Fast Saver promotion? how can I reset it?

 

[tiertime]

Eh guys, so correct hor
Tomorrow (for those of us who pumped in $75K at the beginning of July) no need to transfer out from the Fastsaver account hor?
The only thing to do would to transfer out $1K and perform the ‘SI - CIMB’ transaction next week? Thx thx all.

Why is there a need to transfer out the $1K
What am I missing - Is there a term that requires us to transfer to get the bonus interest or something ?

 

[tiertime]

my notes in excel:
1.92% 1/7-31/8, withdraw 1/9 reference 30/6, Base 67.10+67.10, BI 44.59+44.59 paid 30/9 , AI $10.62+10.62 (0.5% 25k) paid lastday of next mth

If is privilege customer they can get 0.8% extra
- not sure is it on first 10k / 25k or full balance


CIMB also hv a promotion for NEW CUSTOMERS with 250k(?) for 6 mths deposit can get Above 2% , existing customers Not eligible

 

[savinmax]

Hello, can someone kindly confirm that the base interest for Fastsaver received end month should have been $64.93 for July 2026 ? based on 31 days of average 1.0533% for 75k ADB ? I doublecheck my ADB and there doesnt seem to be any mistake, but I received under $60...

just wondering, thanks in advance

 

[Mickey01]

Hello, can someone kindly confirm that the base interest for Fastsaver received end month should have been $64.93 for July 2026 ? based on 31 days of average 1.0533% for 75k ADB ? I doublecheck my ADB and there doesnt seem to be any mistake, but I received under $60...

just wondering, thanks in advance

it is not based on ADB.

It is based on daily end day incremental balance (min $10,000 incremental), determine the tier which you are in and then the interest rate. Daily interest acrued and then credit by month's end.

But if you have a stable daily balance for the whole month, you can use ADB to estimate.

 

[savinmax]

it is not based on ADB.

It is based on daily end day incremental balance (min $10,000 incremental), determine the tier which you are in and then the interest rate. Daily interest acrued and then credit by month's end.

But if you have a stable daily balance for the whole month, you can use ADB to estimate.

thanks Mickey. So its like DBS, I didn't realise that for CIMB too. wonder if any other banks do that.. I noted OCBC, UOB, Stanchart all do it ADB over 30/31 days... my bad

 

[Mickey01]

thanks Mickey. So its like DBS, I didn't realise that for CIMB too. wonder if any other banks do that.. I noted OCBC, UOB, Stanchart all do it ADB over 30/31 days... my bad

1. for those with single interest rate across all tiers (like SCB eSaver), it is usually ADB
2. Those with interest rate tiers (UOB ONE, CIMB, etc), it can be daily accrued or based on ADB

whether daily accrued or ADB, it is usually mentioned in the T&Cs document My view is - as a bank, interest calculation is their rice bowl and cannot be wrong so I trust what they credit my account. Unless it is a new bank or new type of promo, I might take some effort to verify the 1st month interest credit and not for the rest of that same promo.

 

[GrandJedi]

Is there a way to tell if if I am in the 2 month promo cycle of the Fast Saver promotion? how can I reset it?

Can anyone help me clarify? I am very confused with the clause 4d, does it mean I have to pause after every 2 months to benefit? Or will adding $10k in every month be sufficient?

 

[sibeiTrolled]

thanks Mickey. So its like DBS, I didn't realise that for CIMB too. wonder if any other banks do that.. I noted OCBC, UOB, Stanchart all do it ADB over 30/31 days... my bad

It has a small disclaimer under FastSaver site under "Terms and Conditions"
https://www.cimb.com.sg/en/personal.../savings-accounts/cimb-fastsaver-account.html

*Interest accrued daily and credited monthly. Daily interest will be paid on the entire daily end-of-day balance, provided that the prevailing interest earned is at least $0.01 at the end of the month

But like mickey already mentioned in post 6428, you can use ADB if you never move cash in and out provided your first day amount is EXACTLY the same across the month.
But if you move in and out cash, then you have to calculate on a daily basis in your google sheets or excel.

Can anyone help me clarify? I am very confused with the clause 4d, does it mean I have to pause after every 2 months to benefit? Or will adding $10k in every month be sufficient?

You question has several points that are not related

1) If you place 10k incremental in fresh funds in Jul, then you are flagged as JUL PROMO customer and NOT ELIGIBLE for AUG PROMO.
2) You do not have to necessary pause every 2 months. Assuming CIMB continue the promo till Dec 2026, if you joined this AUG Promo, then you can join the SEP promo if you wish to.
3) On point 2, it would be better to wait for NOV PROMO since your balance is already quite high or unless you have alot of cash to stack on top of your existing.
4) If you joined AUG PROMO, placing initial incremental 10K is just for CIMB to know that you are participating in this promo.
You can throw in 10k and be done with it, or throw in 1m across the AUG and SEP (10K being the first batch)
5) ALWAYS MAKE SURE that the first 10k you throw in, persist through both months, else you do not get the bonus interest for days if your incremental balance drops below 10K - See TnC Point 9, the table.

You were participating in FS promo since 2024, it's all the same.

 

[EveMuffins]

Will this work? I joined last month July promo with FastSaver. then next month Sep I join the promo with StarSaver.

the comparison month is for the qualifying account only, not across all accounts, right?

 

[addict951]

Why is there a need to transfer out the $1K
What am I missing - Is there a term that requires us to transfer to get the bonus interest or something ?

To maintain at $75K mah.
You think about it.

hello, is everybuttie doing the same?

 

[addict951]

Will this work? I joined last month July promo with FastSaver. then next month Sep I join the promo with StarSaver.

the comparison month is for the qualifying account only, not across all accounts, right?

Eh, only Fastsaver got gd ir for $75K hor

starsaver must pump in few hundred thousand hor you know hor?


First S$100k: 0.50% p.a.

Next S$150k: 1.08% p.a.

Next S$750k: 1.58% p.a.

Next S$4mil: 0.80% p.a.

Above S$5mil: 0.50% p.a.

See paragraph 7
https://www.cimb.com.sg/content/dam...nc/accounts/2026/tncs-casa-bonus-interest.pdf

Pls ignore my post if you intend to pump in $500K.

 

[EveMuffins]

Eh, only Fastsaver got gd ir for $75K hor
starsaver must pump in few hundred thousand hor you know hor?
First S$100k: 0.50% p.a.
Next S$150k: 1.08% p.a.
Next S$750k: 1.58% p.a.
Next S$4mil: 0.80% p.a.
Above S$5mil: 0.50% p.a.
See paragraph 7
https://www.cimb.com.sg/content/dam...nc/accounts/2026/tncs-casa-bonus-interest.pdf
Pls ignore my post if you intend to pump in $500K.

tks for the reminder..I've a few fixed deposit maturing this month, just in time for StarSaver next month. jul and Aug I parked in FastSaver cos not enough for StarSaver to get higher EIR.

but not sure if next month I join StarSaver promo, will they compare previous month's balance against all accounts or just StarSaver only.

 

[GrandJedi]

It has a small disclaimer under FastSaver site under "Terms and Conditions"
https://www.cimb.com.sg/en/personal.../savings-accounts/cimb-fastsaver-account.html

But like mickey already mentioned in post 6428, you can use ADB if you never move cash in and out provided your first day amount is EXACTLY the same across the month.
But if you move in and out cash, then you have to calculate on a daily basis in your google sheets or excel.


You question has several points that are not related

1) If you place 10k incremental in fresh funds in Jul, then you are flagged as JUL PROMO customer and NOT ELIGIBLE for AUG PROMO.
2) You do not have to necessary pause every 2 months. Assuming CIMB continue the promo till Dec 2026, if you joined this AUG Promo, then you can join the SEP promo if you wish to.
3) On point 2, it would be better to wait for NOV PROMO since your balance is already quite high or unless you have alot of cash to stack on top of your existing.
4) If you joined AUG PROMO, placing initial incremental 10K is just for CIMB to know that you are participating in this promo.
You can throw in 10k and be done with it, or throw in 1m across the AUG and SEP (10K being the first batch)
5) ALWAYS MAKE SURE that the first 10k you throw in, persist through both months, else you do not get the bonus interest for days if your incremental balance drops below 10K - See TnC Point 9, the table.

You were participating in FS promo since 2024, it's all the same.

Thanks for the reply.
On point 2, my understanding is if I join the AUG promo, it will be for the months of Aug and Sep. If so, doesnt that make me ineligible for SEP promo?
On point 3, can you clarify why wait for NOV promo? Do you mean I should make any deposit in the month of October?
On point 4, if I top up $10k in Aug and $10k every other month. ($10k in Oct, Dec, Feb and....) I will maximize this promotion continously?

 

[sibeiTrolled]

On point 2, my understanding is if I join the AUG promo, it will be for the months of Aug and Sep. If so, doesnt that make me ineligible for SEP promo?

No, unless they change the wording for SEP promo.

On point 3, can you clarify why wait for NOV promo? Do you mean I should make any deposit in the month of October?

Aug and SEP.
You will withdraw your monies on 1st Oct.
Assuming 1st Oct has a promo, the comparison is 30 Sep which you will have most of your monies already in it. Is there a point to participate in OCT promo? Unless you have another batch of monies waiting to be deployed in which only that new batch will get the bonus interest

On point 4, if I top up $10k in Aug and $10k every other month. ($10k in Oct, Dec, Feb and....) I will maximize this promotion continously?

No.
If you already have 20K to deploy, just deploy it on the first day.
Bonus interest is on the incremental, so if you deploy 10k only in the first month, your first month loses out on the BI on that 10k you chose to deploy in the 2nd month.

Promo is only for 2 months. For yours, it's AUG and SEP, wait one month to refresh where you reset to ZERO or 1K depending on your appetite, then NOV, DEC.
There is no such thing as maximize across the months. The only maximize is max out the available on the FIRST day of the promo, then reset it.
Same concept for all the merry go rounds like HSBC, Maybank and SC

Come, shout out loud with me.
BONUS INTEREST IS ON THE INCREMENTAL AMOUNT

 

[tiertime]

To maintain at $75K mah.
You think about it.

hello, is everybuttie doing the same?

So the only reason you want to withdraw out the 1k is just because the 1k will be hitting the next tier of interest which is very low so might as well transfer it to somewhere else giving higher interest ?

 

[FlyGuardX]

Does anyone know how to setup that recurring giro of 1k? I not intending to credit salary