CIMB FastSaver

[royalmix]

GXS cut liao! CIMB FASTSAVER here I come!

 

[twosix]

Yah. Without promo also like this

from their website:

https://www.cimb.com.sg/en/personal/help-support/rates-charges/fees-charges/accounts.html

 

[BlackTortoise]

Take out all from GXS NAO or on 16 August to pump full tank into CIMB?

 

[crystalnox]

Take out all from GXS NAO or on 16 August to pump full tank into CIMB?

See what your probability is of GXS having technical issues on 16/17 August.

 

[twosix]

They give u 3.5% interests, then lend ur money to govt by buying t-bills at 3.75% for example. End of day they still make profit. Haha..

 

[Thai_Rak_Thai]

Is the main difference between this and starsaver the atm card access? Thank you

 

[~sabaisabai~]

They give u 3.5% interests, then lend ur money to govt by buying t-bills at 3.75% for example. End of day they still make profit. Haha..

well, certainly they will have to make profit lah, else what for give so high rate on saving account?
it is no locked.. can anytime withdraw
can park there temporary till next tbill

 

[wira]

They give u 3.5% interests, then lend ur money to govt by buying t-bills at 3.75% for example. End of day they still make profit. Haha..

Think it’s a Win win situation. Customers wants a high yield liquid account. Bank earn 0.2% arbitrage.

 

[Intel888]

For July Balance = 0,
To earn 3.5% for the next 6 months, just need to have at least 1k (every month), since 1k is the min amount to earn interest.

Correct?

 

[~sabaisabai~]

For July Balance = 0,
To earn 3.5% for the next 6 months, just need to have at least 1k (every month), since 1k is the min amount to earn interest.

Correct?

that is my understanding from cimb cs

 

[sglandscape]

For July Balance = 0,
To earn 3.5% for the next 6 months, just need to have at least 1k (every month), since 1k is the min amount to earn interest.

Correct?

To be on the safe side yes. But based on tnc seems like not strictly required. But I would err on the side of caution and keep 1k there even till Jan 24

 

[IcYFl4mEz]

Jul Balance : $0
IF pump in lets say 75k one shot in AUG. it will earn 3.5% for 6 months right?

 

[sohguanh]

For July Balance = 0,
To earn 3.5% for the next 6 months, just need to have at least 1k (every month), since 1k is the min amount to earn interest.

Correct?

If existing customer the Tnc mention 1K and 5K. If FastSaver should be straightforward 1K. For the 5K I am still wondering becuz for me when I login the English wording is not StarSaver or anything it says Preferred Account (CA) and I also have FastSaver (SA). I got some balance 1K in July for my FastSaver so was thinking to put into my Preferred Account (CA) instead. Anyone same as my situation? I.e multiple CIMB accounts and dunno which to put the monies?

 

[WoShiPro]

Is there any fall below fees for cimb. Wanna keep my $ liquid.

 

[crystalnox]

Is there any fall below fees for climb. Wanna keep my $ liquid.

None, climb up or climb down anytime you wish.

 

[Intel888]

For July Balance = 0,
To earn 3.5% for the next 6 months, just need to have at least 1k (every month), since 1k is the min amount to earn interest.

Correct?

Today is already 7 Aug, so for Aug need to fund > 1k, to account for 1-6 Aug zero amount?

 

[~sabaisabai~]

If existing customer the Tnc mention 1K and 5K. If FastSaver should be straightforward 1K. For the 5K I am still wondering becuz for me when I login the English wording is not StarSaver or anything it says Preferred Account (CA) and I also have FastSaver (SA). I got some balance 1K in July for my FastSaver so was thinking to put into my Preferred Account (CA) instead. Anyone same as my situation? I.e multiple CIMB accounts and dunno which to put the monies?

existing client need 5k?

 

[bargin]

Is there any fall below fees for cimb. Wanna keep my $ liquid.

please see post# 2402

 

[royalmix]

Today is already 7 Aug, so for Aug need to fund > 1k, to account for 1-6 Aug zero amount?

It is daily interest, not adb

 

[sohguanh]

existing client need 5k?

Existing customer the TnC mention two magic numbers 1K and 5K minimum to maintain in order to enjoy bonus interest. FastSaver is savings account so only need 1K. It is the other 5K that applies to current account say StarSavers but for me that English word StarSavers never appear it says Preferred Account (CA) instead. Wonder if this is same as current account so need maintain 5K.