CIMB FastSaver

[Squaredot]

SC will be reducing the interest effective 01st July2020.

https://www.sc.com/sg/important-information/interestrateupdate/

already announced on 1 June.

 

[Squaredot]

I dun dare to imagine isavvy...

bro no need to imagine, it's gg to below 1%

 

[Squaredot]

Oh dearr now become 0.825%pa for 100k wef 15th July

Sian. So desperate to cut rate in the middle of the month July's interest will have to prorate to old and new rates.

 

[peppermint7]

Sian. So desperate to cut rate in the middle of the month July's interest will have to prorate to old and new rates.

I guess they want to give us 1 month notice. Even we resign from company also need give 1 month.

 

[arctician]

i think exhausted all options already, even when drop by 50% its still one of the highest..

 

[laurent_rio]

so any better options?

SCB Esaver is at 0.55-0.7%pa,

SCB Jumpstart 1% but cap at $20k & <26yo

iSAVvy current 1.3% till june, July tba

HSBC EGA 1.65% , dont know next month

 

[Squaredot]

I guess they want to give us 1 month notice. Even we resign from company also need give 1 month.

Yea 1 month notice needed. They cannot announce it on 1 July, must announce it now, in the middle of the month
can save paying us some interest.lol.

 

[F1ngolf2012]

i think exhausted all options already, even when drop by 50% its still one of the highest..

Looks like this confirms that I need to increase my CPF housing refund to OA.

 

[Squaredot]

i think exhausted all options already, even when drop by 50% its still one of the highest..

same bro.
I can't put all in one bank with highest rate. I scare

 

[peppermint7]

same bro.
I can't put all in one bank with highest rate. I scare

Not only u hor..

I also scared.

 

[wutawa]

I guess they want to give us 1 month notice. Even we resign from company also need give 1 month.

Lol, i like your thinking.

 

[duststorm]

so any better options?

SCB Esaver is at 0.55-0.7%pa,

SCB Jumpstart 1% but cap at $20k & <26yo

iSAVvy current 1.3% till june, July tba

BOC with base int 0.4% and Bill payment 0.35%.. Total 0.75%

 

[cassowary18]

SC will be reducing the interest effective 01st July2020.

https://www.sc.com/sg/important-information/interestrateupdate/

Ya so 1% still can park there

 

[luvpraline]

Oh dearr now become 0.825%pa for 100k wef 15th July

oh man... no eyes see...

i may top up more to my Elastiq if maybank rates are terrible too (very likely)

 

[Cumzilla]

HSBC EGA 1.65% , dont know next month

open this account terok, took me almost 1 month to open it, very stringent, need to video call u and then asked u to hold your nric and smile..

 

[vsvs24]

Sian. So desperate to cut rate in the middle of the month July's interest will have to prorate to old and new rates.

Could also be because these 2 mths a lot of money flow in. Just look at the number of people asking for referral.

If they don't announce now, 1 Jul will have a lot of inflows from those parking in Maybank isavvy now.

 

[badsector]

sad but expected.
this acc still better to me

 

[Squaredot]

Could also be because these 2 mths a lot of money flow in. Just look at the number of people asking for referral.

If they don't announce now, 1 Jul will have a lot of inflows from those parking in Maybank isavvy now.

The CIMB thread is as hot as Saturday Night Fever since 1 June

Your guess on the timing of the mid-month-announcement is super valid!

 

[Extremme]

sad but expected.
this acc still better to me

I think its still maintainable. Most of us see this coming anyway...Less than 6 months so suck thumb for now.

 

[Utonian]

I think its still maintainable. Most of us see this coming anyway...Less than 6 months so suck thumb for now.

my 2 cimb accounts have been sitting at 1k for a long time cause deployed the funds elsewhere. Just keeping it active in case

no fall below, but minimum 1k to earn interest