CIMB FastSaver

[PC-User]

Rates will be increased with effect from 1st Aug.

https://www.cimb.com.sg/rates-aug22

Wow, never thought CIMB is the first to up savings account interest. By quite a lot some more. Swee lah.

 

[PC-User]

Maybank iSavvy the so called up interest is the most stupid.

 

[Mickey01]

Any existing Customers did not receive the 1% interest for the month of June 2022? I only got 0.3% instead, and I'm chasing their helpdesk for a response.

ya ... I just checked my account. Did not receive the bonus interest too.

 

[lzydata]

Any existing Customers did not receive the 1% interest for the month of June 2022? I only got 0.3% instead, and I'm chasing their helpdesk for a response.

ya ... I just checked my account. Did not receive the bonus interest too.

The bonus interest is in!

 

[tour_de_forcez]

The bonus interest is in!

Thanks, mine is in too. I have cleared out my account as well. I guess there are better places now, with HL Bank, Sing Invest etc, as no-frill alternatives giving >0.8%. But I’m keeping CIMB Fastsaver dormant since there’s no fall-below fee.

 

[havetheveryfun]

Thanks, mine is in too. I have cleared out my account as well. I guess there are better places now, with HL Bank, Sing Invest etc, as no-frill alternatives giving >0.8%. But I’m keeping CIMB Fastsaver dormant since there’s no fall-below fee.

last time they wont close ur acc if 0 balance n inactive, but now they will , this received last year for my acc n kena closed

Notification on CIMB StarSaver (Savings) Account No.
We noticed that your account has been inactive and in zero balance as of 01 JUNE 2021. To earn interest/profit rate of up to 0.40% p.a.1 with no multiple conditions, all you have to do is to maintain a minimum daily balance of S$1,000. You may reactivate your account by performing a FAST transfer from another bank account and continue to transact regularly.In the event that your account remains in zero balance on 01 JULY 2021, we will regrettably, proceed to close your account without further reference to you in accordance with Clause 16 (Closing of Account) of the Terms and Conditions Governing the Operations of Deposits Accounts.

 

[vsvs24]

last time they wont close ur acc if 0 balance n inactive, but now they will , this received last year for my acc n kena closed

Notification on CIMB StarSaver (Savings) Account No.
We noticed that your account has been inactive and in zero balance as of 01 JUNE 2021. To earn interest/profit rate of up to 0.40% p.a.1 with no multiple conditions, all you have to do is to maintain a minimum daily balance of S$1,000. You may reactivate your account by performing a FAST transfer from another bank account and continue to transact regularly.In the event that your account remains in zero balance on 01 JULY 2021, we will regrettably, proceed to close your account without further reference to you in accordance with Clause 16 (Closing of Account) of the Terms and Conditions Governing the Operations of Deposits Accounts.

Then just keep $1 in the account to prevent the closing of zero balance account.

 

[Squaredot]

last time they wont close ur acc if 0 balance n inactive, but now they will , this received last year for my acc n kena closed

Notification on CIMB StarSaver (Savings) Account No.
We noticed that your account has been inactive and in zero balance as of 01 JUNE 2021. To earn interest/profit rate of up to 0.40% p.a.1 with no multiple conditions, all you have to do is to maintain a minimum daily balance of S$1,000. You may reactivate your account by performing a FAST transfer from another bank account and continue to transact regularly.In the event that your account remains in zero balance on 01 JULY 2021, we will regrettably, proceed to close your account without further reference to you in accordance with Clause 16 (Closing of Account) of the Terms and Conditions Governing the Operations of Deposits Accounts.

OCBC has the same practice. They monitor credit card accounts too. My Frank card was terminated by them for being inactive but I don't mind

So far haven't rec any notification on StarSaver which is inactive for long long time. Their credit cards are also in the my drawer

 

[wutawa]

last time they wont close ur acc if 0 balance n inactive, but now they will , this received last year for my acc n kena closed

Notification on CIMB StarSaver (Savings) Account No.
We noticed that your account has been inactive and in zero balance as of 01 JUNE 2021. To earn interest/profit rate of up to 0.40% p.a.1 with no multiple conditions, all you have to do is to maintain a minimum daily balance of S$1,000. You may reactivate your account by performing a FAST transfer from another bank account and continue to transact regularly.In the event that your account remains in zero balance on 01 JULY 2021, we will regrettably, proceed to close your account without further reference to you in accordance with Clause 16 (Closing of Account) of the Terms and Conditions Governing the Operations of Deposits Accounts.

Oh no, i have quite a few fastsaver with $0.

 

[havetheveryfun]

Then just keep $1 in the account to prevent the closing of zero balance account.

just let them close loh, their ibanking still so backwards, last time only for the good basic interest rate, now other banks also can get the same

 

[PC-User]

last time they wont close ur acc if 0 balance n inactive, but now they will , this received last year for my acc n kena closed

Notification on CIMB StarSaver (Savings) Account No.
We noticed that your account has been inactive and in zero balance as of 01 JUNE 2021. To earn interest/profit rate of up to 0.40% p.a.1 with no multiple conditions, all you have to do is to maintain a minimum daily balance of S$1,000. You may reactivate your account by performing a FAST transfer from another bank account and continue to transact regularly.In the event that your account remains in zero balance on 01 JULY 2021, we will regrettably, proceed to close your account without further reference to you in accordance with Clause 16 (Closing of Account) of the Terms and Conditions Governing the Operations of Deposits Accounts.

Well I personally think that auto closure better than we need to request for closure.

 

[sohguanh]

The problem with bank acct closure is will leave a black mark such that next time want to open it may get rejected? Becuz of this I tend put minimum in those bank acct. Credit debit card close ok but not bank account

 

[havetheveryfun]

The problem with bank acct closure is will leave a black mark such that next time want to open it may get rejected? Becuz of this I tend put minimum in those bank acct. Credit debit card close ok but not bank account

that only if ur bank acct closed because of other reasons like breaking laws , nv pay bills , etc.

if close due to inactivity, wont have black mark lah.. just troublesome to go open again

 

[crystalnox]

OCBC has the same practice. They monitor credit card accounts too. My Frank card was terminated by them for being inactive but I don't mind

So far haven't rec any notification on StarSaver which is inactive for long long time. Their credit cards are also in the my drawer

My StarSaver at $0 ever since they launched FastSaver in 2015? I don't mind if they want to close it, no use for me also.

 

[vsvs24]

Starsaver is useful to keep because I can use the ATM card to draw money at CIMB ATMs in Malaysia if needed.

Fastsaver not linked to my ATM

 

[PC-User]

that only if ur bank acct closed because of other reasons like breaking laws , nv pay bills , etc.

if close due to inactivity, wont have black mark lah.. just troublesome to go open again

Open are mostly online. Worst is need to go branch to close account one.

 

[DenOOO]

last time they wont close ur acc if 0 balance n inactive, but now they will , this received last year for my acc n kena closed

Notification on CIMB StarSaver (Savings) Account No.
We noticed that your account has been inactive and in zero balance as of 01 JUNE 2021. To earn interest/profit rate of up to 0.40% p.a.1 with no multiple conditions, all you have to do is to maintain a minimum daily balance of S$1,000. You may reactivate your account by performing a FAST transfer from another bank account and continue to transact regularly.In the event that your account remains in zero balance on 01 JULY 2021, we will regrettably, proceed to close your account without further reference to you in accordance with Clause 16 (Closing of Account) of the Terms and Conditions Governing the Operations of Deposits Accounts.

Weird, my FastSaver 2 years kosong also still active.

Maybe applies to only StarSaver ?

How is the notification sent ?

 

[havetheveryfun]

Weird, my FastSaver 2 years kosong also still active.

Maybe applies to only StarSaver ?

How is the notification sent ?

email

 

[touchring1]

Wow, never thought CIMB is the first to up savings account interest. By quite a lot some more. Swee lah.

Still very little as compared to like 3 years ago.

 

[PC-User]

Still very little as compared to like 3 years ago.

Give it time ba. Hopefully will further adjust once competition starts. Better than Citi Maxigain - the first to reduce interest. Let's see when it'll adjust up now.