CIMB FastSaver

[~sabaisabai~]

Mine is correct.
Just use [daily principal * (3.5%/365)] for every day of Aug month. Add them up and u'd get the base+bonus interests.

thanks

 

[~sabaisabai~]

You can look at the Aug month e-statement for the ins and outs and compute the daily interests and sum them up for Aug.

noted. thanks. I'll check later

 

[shengliang1981]

Put $1k in fastsaver on 30 Aug to test water, received $0.11 bonus interest today. Means the bonus interest is for 1 Aug - 31 Aug right?

 

[zer0ne]

I will wait till tmr...

Just xfer out leaving 1k inside. Why wait for tomorrow and waste 1 day interest?

 

[crimsontactics]

Just xfer out leaving 1k inside. Why wait for tomorrow and waste 1 day interest?

Mybfd...

 

[ThreeSteps]

My Prevailing interest (credited on 31/8) + Bonus interest (credited on 20/9) exactly match the total 3.5% interest for August, as described in the T&Cs for Existing Customers- August promo

It is simpler to verify the 3.5% total interest for the month, and then treat the bonus interest credited on 20/9 as the difference between total interest and prevailing interest credited on 31/8.

There are 2 things to note when calculating the 3.5% total interest for the month :

• The end-of-day balance on 31July (calculation is based on incremental daily balance over 31July balance)
• if any of the end-of-day balance from 01Aug to 31Aug is less than $1k, daily interest = $0 for that day (no need to calculate), otherwise calculate the daily interest (3.5%/365) for each day and sum them up for the month.

 

[hmyoth]

Bonus interest + Plus the mth end interest is 3.5% . Correct .

 

[TheDarkKnight]

Mine is in too, starsaver

used "Bonus interest/ Base interest = 1.33" that means correct liao

the bonus amount correct not abit hard to track cos i deposit n withdraw funds quite often thru the mth of Aug

 

[twosix]

Bonus interest + Plus the mth end interest is 3.5% . Correct .

That'd right. Dunno why so complicated need to separately calculate them, if more than 1k daily.

 

[crimsontactics]

Mine is in too, starsaver

used "Bonus interest/ Base interest = 1.33" that means correct liao

the bonus amount correct not abit hard to track cos i deposit n withdraw funds quite often thru the mth of Aug

Moi wlwlsmdwl...

Haven't receive interest yet...

Moving all my money to maribank liao...

 

[crimsontactics]

Wah CIMB waste my 1 months worth of interest if they never pay out the bonus sia...

 

[Cookie Muncher]

Giro payment huat ah

 

[crossfitter]

Star saver account here. Still have not received bonus interest

 

[crimsontactics]

Star saver account here. Still have not received bonus interest

Chiu are not alone Bro

 

[Jun666]

opened Starsaver account on aug 16
received bonus 65.75 for 75k principal

 

[jseyong]

Chiu are not alone Bro

Just in

 

[sohguanh]

Observation from this first casa bonus is if one have FastSaver and you got > 25K it is more worth to get more monies in the base interest phase then wait until 20th of the following month simply becuz on different tier your base is 2.5% liao. Of cuz in the finale at 20th everyone is 3.5% in total. But for me I always like to touch monies earlier so FastSaver better. StarSaver tier is 100k wow barrier a bit high.

 

[twosix]

i think it is tough for me to track, cos moving in and out.. shag... lols

You only have to update the spreadsheet 31 times for 31 days. Whats so hard?

 

[Godeau]

Put $1k in fastsaver on 30 Aug to test water, received $0.11 bonus interest today. Means the bonus interest is for 1 Aug - 31 Aug right?

Yes the bonus interest is for the days of 1st aug until 31st. but because you only start on 30th Aug, means your bonus interest accrued is only on the 30 and 31st of Aug

 

[twosix]

cos it has different tiers and i got more, i move in and out daily... some days

Actually no need to calculate. Many including myself has got the right amount, so you should also receive the right amount.