CIMB FastSaver

[AnTiLooP]

this is just chasing balls la. before u know it, RHB also reduce interest rate....

true that. I was also wondering on the same thing.

 

[Sausage]

I realized i cannot get my money out of CIMB. you need a digital token to make FAST transfers and I don't have one. It will take time but I did not foresee this.

 

[koreanlover]

I realized i cannot get my money out of CIMB. you need a digital token to make FAST transfers and I don't have one. It will take time but I did not foresee this.

Just register for it in their app?

 

[vsvs24]

Those transferring out from CIMB should note that while CIMB gives interest based on daily balance, other banks may be calculating interest based on av monthly balance.

So depending on where you are transferring to, do check if it is better off transferring out today or on 1 Aug.

 

[F1ngolf2012]

I realized i cannot get my money out of CIMB. you need a digital token to make FAST transfers and I don't have one. It will take time but I did not foresee this.

Just register for it in their app?

Same here. Registration of digital token took me 1 minute.

 

[Shutterfly]

https://rhbgroup.com.sg/personal/deposits/high-yield-savings-account

Looks good. Is this something we can do online or via the app? Or must go down to the branch?

 

[applecrisp]

How is the rhb customer svc and account opening process like?

 

[Extremme]

Looks good. Is this something we can do online or via the app? Or must go down to the branch?

via app ........10chars

 

[wutawa]

I realized i cannot get my money out of CIMB. you need a digital token to make FAST transfers and I don't have one. It will take time but I did not foresee this.

What the...?! U should resolve this asap. Too scary to have your money stuck.

 

[F1ngolf2012]

Looks good. Is this something we can do online or via the app? Or must go down to the branch?

RHB has a few mobile app. You apply the HYSA+ via RHB Singapore mobile app. I applied via Myinfo, uploaded my signature and was approved on the same day. The app can be a little unstable on Android. Since I'm on iOS, it works fine for me.

Some reported that it took them a week to get approval and also some issue on the FAST transfer out when the amount is near the 50k limit. You may want to hope over to the RHB thread for more details.
https://forums.hardwarezone.com.sg/128486992-post236.html

 

[iadpotato]

Does RHB support FAST transfer in and out?

Posted on my Black iPhone 7 Plus with HardwareZone Forums app

 

[Extremme]

Does RHB support FAST transfer in and out?

Posted on my Black iPhone 7 Plus with HardwareZone Forums app

This shd be better asked in the RHB thread...haha

Yes they do as far as I know. 50k daily limit thru app..but of late I heard there were some issues..

 

[Extremme]

Some reported that it took them a week to get approval and also some issue on the FAST transfer out when the amount is near the 50k limit. You may want to hope over to the RHB thread for more details.
https://forums.hardwarezone.com.sg/128486992-post236.html

Yup me!! 8 days then approved.

 

[Sinkie]

Looks good. Is this something we can do online or via the app? Or must go down to the branch?

1.375% interest looks good

 

[ekardo]

1.375% interest looks good

it's effective interest..for 100k..anything more or anything less you get lesser than 1.375..

 

[Han Shot First]

1.375% interest looks good

How did you calculate this interest rate? I thought CIMB FastSaver interest rates have already adjusted downwards.

 

[Shutterfly]

How did you calculate this interest rate? I thought CIMB FastSaver interest rates have already adjusted downwards.

He should be referring to RHB.

 

[Devilsire]

1 0.50% p.a. for the first S$50,000 balances; 0.80% p.a. for balances above S$50,000 to S$75,000; 1.50% p.a. for balances above S$75,000 to S$100,000 and 0.40% p.a. for balances above S$100,000 will apply accordingly. Profit accrued daily and credited monthly. Daily profit will be paid on the entire daily balance, provided that the balance is at least S$1,000 in your CIMB FastSaver-i Account on any given day.

Hmmm, pardon my understanding, need to retain $1k for the 15days interests to be credited on month end?

 

[Shutterfly]

Hmmm, pardon my understanding, need to retain $1k for the 15days interests to be credited on month end?

Lucky you highlighted this. I am planning to empty out my account today.

 

[Zazazas]

Hmmm, pardon my understanding, need to retain $1k for the 15days interests to be credited on month end?

Just thought of this too, so need to keep 1k till the end of the month?