CIMB FastSaver

[likeastar0418]

uh oh...starsaver interest rate also slash by half to 0.4%...

 

[arctician]

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

what are the options now ah, i dont want put in esaver because need rotate here and there for same rate

can only think of boc, Cimb fastsaver and fastsaver i, hsbc ega..thats about it.

maybank isavy, citi maxigain and scb esaver unlikely to go above 0.8% for july onwards

even if i want to rotate out of cimb now nowhere to go

 

[wwenze]

At least 0.8% still okay lar... Rmb don't have to do anything. When I was with stanchart I don't spend a lot so monthly only 1%.

But thinking of pulling out some money into investment liao. Last month already 2% using just 25% of the funds. Right now anyhow spam also can win... Maybe going to just camp some money into BA later.

 

[Utonian]

what are the options now ah, i dont want put in esaver because need rotate here and there for same rate

can only think of boc, Cimb fastsaver and fastsaver i, hsbc ega..thats about it.

maybank isavy, citi maxigain and scb esaver unlikely to go above 0.8% for july onwards

even if i want to rotate out of cimb now nowhere to go

assuming you have no other accounts, can still chose UOBone as your main.
clock 500 and credit salary/3 giro

if already have a main account but still got cash to deploy, can check out Elastiq by Tiq.

pm'ed you

 

[cassowary18]

what are the options now ah, i dont want put in esaver because need rotate here and there for same rate

can only think of boc, Cimb fastsaver and fastsaver i, hsbc ega..thats about it.

maybank isavy, citi maxigain and scb esaver unlikely to go above 0.8% for july onwards

even if i want to rotate out of cimb now nowhere to go

Singlife lor. If under 26 can consider SCB Jumpstart too.

 

[actman]

time to say gdbye to cimb...

 

[Chua Zhiming]

aiyo drop so much, time to shift funds out

 

[P R N D]

aiyo drop so much, time to shift funds out

Shift to where? All banks in sg sama sama having ultra low interest rate for saving.

Sent from Mercedes-Benz E250 using GAGT

 

[arctician]

assuming you have no other accounts, can still chose UOBone as your main.
clock 500 and credit salary/3 giro

if already have a main account but still got cash to deploy, can check out Elastiq by Tiq.

pm'ed you

yea already maxed out uob one, the elastiq got 3y lock in too long, u will lose out when interest rate rise and also on the potential welcome reward from some banks. if just deposit a part of it then balance also need somewhere to park.

Singlife lor. If under 26 can consider SCB Jumpstart too.

singlife got cap right, not really useful if have more cash

 

[rkesin]

yea already maxed out uob one, the elastiq got 3y lock in too long, u will lose out when interest rate rise and also on the potential welcome reward from some banks. if just deposit a part of it then balance also need somewhere to park.



singlife got cap right, not really useful if have more cash

Elastiq lock in is 90 days. After that can surrender and get full value back or make partial withdrawal.

But there is a fall below fee for under 5k

 

[crystalnox]

Shift to where? All banks in sg sama sama having ultra low interest rate for saving.

Sent from Mercedes-Benz E250 using GAGT

Multiplier still decent if you're receiving a salary.

 

[josc36]

Multiplier still decent if you're receiving a salary.

For DBS Multiplier, not a must to credit salary.

If you have previously created SSB ladder and directed the dividend crediting to your DBS account.

Monthly should have dividend credited which can unlock the Income category (Salary/ Dividend) every month.

 

[F1ngolf2012]

For DBS Multiplier, not a must to credit salary.

If you have previously created SSB ladder and directed the dividend crediting to your DBS account.

Monthly should have dividend credited which can unlock the Income category (Salary/ Dividend) every month.

Correct. Salary and dividend are classified under INCOME now. Also need to have monthly eligible transaction more than 2k to make sense.

 

[wwenze]

Correct. Salary and dividend are classified under INCOME now. Also need to have monthly eligible transaction more than 2k to make sense.

Song boh will start to tax dividends or not

 

[Davo23]

Basis 90K, I tried DBS multiplier calculator, it seems CIMB fastsaver is still better even though I fulfilled DBS 3 categories per month.

Correct me if im wrong?

 

[eInS78]

Basis 90K, I tried DBS multiplier calculator, it seems CIMB fastsaver is still better even though I fulfilled DBS 3 categories per month.

Correct me if im wrong?

3 Categories with total transaction >=2000 and <2500 will give you 1.8 % for 1st 50k and 2% for next 50k so Multiplier should be higher right?

 

[F1ngolf2012]

Basis 90K, I tried DBS multiplier calculator, it seems CIMB fastsaver is still better even though I fulfilled DBS 3 categories per month.

Correct me if im wrong?

What is your total eligible transactions per month? If above $2000, Multiplier is better than Fastsaver.

 

[Cumzilla]

Correct. Salary and dividend are classified under INCOME now. Also need to have monthly eligible transaction more than 2k to make sense.

my dividend from shares at the most only few hundreds, means have to spend more than 1k on credit card to hit the minimun threshold. So was not really happy that they took out dividend as 1 category and combine it with salary.

 

[F1ngolf2012]

my dividend from shares at the most only few hundreds, means have to spend more than 1k on credit card to hit the minimun threshold. So was not really happy that they took out dividend as 1 category and combine it with salary.

What about salary to add to total eligible transaction? If you have not done so, you can explore RSP to unlock the Investment category. Depending on your age, unlocking Insurance category via Cancercare may be worth while too.

 

[rkesin]

Accidentally did nonfast transfer out but money is still in account.

although website says it will take 2-3 business days to complete, didn’t expect my money to still be reflected in my account after getting the transfer confirmation.

Am I able to cancel it?