CIMB FastSaver

[tiertime]

Anyone received preferred bonus of $588 for 6 months savings of 250K ADB?

Which date did u start the deposit ?

 

[tiertime]

Anyone received preferred bonus of $588 for 6 months savings of 250K ADB? Mine is from Aug to Jan, suppose to get by end Feb, still not credited yet. Have msg RM to help follow up.

Hi, may I knw did you empty the account on 1st Feb ?
And have they / which day they credited you the $588 ?

 

[tiertime]

Emptied my account on 6th so 14 days without the 1K inside
Got my interest

May I knw if there is any reason we shd keep the money till 6th ?

Since the interest was credited on last day of the month , I thought it's safe to empty on 1st day of following month,
Pls advise, thanks

 

[ThreeSteps]

Public
https://www.cimb.com.sg/en/personal...ccounts/cimb-casa-bonus-interest-promo24.html
CIMB CASA BONUS INTEREST/PROFIT PROMOTION
Earn interest/profit rates of up to 4.0%* p.a. by simply topping up a minimum of S$10,000 incremental fresh funds (compared to month-end balance of 29 February 2024) into your account from 1 March to 31 May 2024. Fresh funds refers to funds that do not originate from any existing account with the Bank.
This CIMB CASA Bonus Interest/Profit Promotion 2024 (“Promotion”) is available from 1 March to 31 May 2024 ("Promotion Period")
T&Cs : https://www.cimb.com.sg/content/dam...ns/accounts/TnC_CASA_Bonus_Interest_Mar24.pdf

 

[ekardo]

Effective interest is 2+ %?

 

[sibeiTrolled]

May I knw if there is any reason we shd keep the money till 6th ?

Since the interest was credited on last day of the month , I thought it's safe to empty on 1st day of following month,
Pls advise, thanks

There is no need. That's just what I did.

Emptied my account but left 1K inside then clearing it out once I got something to test on that 1K

 

[sibeiTrolled]

Public
https://www.cimb.com.sg/en/personal...ccounts/cimb-casa-bonus-interest-promo24.html
CIMB CASA BONUS INTEREST/PROFIT PROMOTION
Earn interest/profit rates of up to 4.0%* p.a. by simply topping up a minimum of S$10,000 incremental fresh funds (compared to month-end balance of 29 February 2024) into your account from 1 March to 31 May 2024. Fresh funds refers to funds that do not originate from any existing account with the Bank.
This CIMB CASA Bonus Interest/Profit Promotion 2024 (“Promotion”) is available from 1 March to 31 May 2024 ("Promotion Period")
T&Cs : https://www.cimb.com.sg/content/dam...ns/accounts/TnC_CASA_Bonus_Interest_Mar24.pdf

Oh my, this looks interesting. Gonna look at it once I reach back home
Thanks

Update - considering esaver and isavvy promo is ongoing, not that good
With the assumption you have 0 SGD in your account now, topping up 75K SGD essentially just netts you overall 3%

Tier	Base Int	Base	Bonus Int	Bonus
25000​	1.50%​	375​	0.50%​	125​
25000​	2.50%​	625​	0.50%​	125​
25000​	3.50%​	875​	0.50%​	125​

Total (Base + Bonus)	2250​
Total overall % PA	3​

 

[sango65]

per T&C, it seems you cant enjoy the March 2024 bonus promotion if you have participated in the Oct to Dec 2023 bonus promotion

 

[devion]

My RM stated that my preferred bonus of 588 would be credited next week. CIMB play dumb huh, > a week from due to credit & need customer to call & ask about it.
As long as u kept avg of 250K per month for the 6 months period for the preferred account opening will qualify for the bonus. Contact e bank directly if u still have not seen the bonus credited.

 

[1l92041H]

Oh my, this looks interesting. Gonna look at it once I reach back home
Thanks

Update - considering esaver and isavvy promo is ongoing, not that good
With the assumption you have 0 SGD in your account now, topping up 75K SGD essentially just netts you overall 3%

Tier	Base Int	Base	Bonus Int	Bonus
25000​	1.50%​	375​	0.50%​	125​
25000​	2.50%​	625​	0.50%​	125​
25000​	3.50%​	875​	0.50%​	125​

Total (Base + Bonus)	2250​
Total overall % PA	3​

i thought it was the same mechanics as the aug 2023 one.

Also seems like all of us who participated in that one cannot join in the mar 2024 one anyway

oh well, staying put in esaver

 

[yiron]

Public
https://www.cimb.com.sg/en/personal...ccounts/cimb-casa-bonus-interest-promo24.html
CIMB CASA BONUS INTEREST/PROFIT PROMOTION
Earn interest/profit rates of up to 4.0%* p.a. by simply topping up a minimum of S$10,000 incremental fresh funds (compared to month-end balance of 29 February 2024) into your account from 1 March to 31 May 2024. Fresh funds refers to funds that do not originate from any existing account with the Bank.
This CIMB CASA Bonus Interest/Profit Promotion 2024 (“Promotion”) is available from 1 March to 31 May 2024 ("Promotion Period")
T&Cs : https://www.cimb.com.sg/content/dam...ns/accounts/TnC_CASA_Bonus_Interest_Mar24.pdf

Hmmm doesn't seem that attractive. Put $75k in FastSaver and the EIR including the bonus 0.5% is about 3.17%. Can get 3.6% - 4.6% elsewhere.

 

[compro_1975]

Hopefully you mean redeploy to other places?

Mine ended on 1st Feb already moved over to scb esaver

how much is esaver giving? abit sian of hsbc's game

 

[compro_1975]

per T&C, it seems you cant enjoy the March 2024 bonus promotion if you have participated in the Oct to Dec 2023 bonus promotion

but OCT, while the 1st batch of us started in Aug i think, so batch 1 can actually apply right?

 

[sibeiTrolled]

how much is esaver giving? abit sian of hsbc's game

3.6% but already half of the promo period already went by.
I would recommend you to wait till April or just stick with HSBC till something else pops up

 

[reflecx]

per T&C, it seems you cant enjoy the March 2024 bonus promotion if you have participated in the Oct to Dec 2023 bonus promotion

The previous promotion was for 6 months, so those who joined from Oct to Dec are still in the old promotion till end Mar to May.

 

[whatheheck]

3.6% but already half of the promo period already went by.
I would recommend you to wait till April or just stick with HSBC till something else pops up

esaver is fixed starting duration eveytime ah

 

[sibeiTrolled]

esaver is fixed starting duration eveytime ah

From what i know and see, its typically 2 months duration for the promotion. But there might be chances they don't continue with the promotion

Some of the old promotions are archived on wayback machine

https://web.archive.org/web/20220119050912/https://av.sc.com/sg/content/docs/sg-esaver-tnc.pdf
https://web.archive.org/web/20220416163428/https://av.sc.com/sg/content/docs/sg-esaver-tnc.pdf
https://web.archive.org/web/20230403205737/https://av.sc.com/sg/content/docs/sg-esaver-tnc.pdf

You can go to the esaver thread for more details

 

[saintgtril]

3.6% but already half of the promo period already went by.
I would recommend you to wait till April or just stick with HSBC till something else pops up

Hey sibeiTrolled, please correct me if I am wrong, isn't this cimb promotion comparable to SCB eSaver? I am just curious why you prefer SCB eSaver than this CIMB deal. Thanks!

 

[sibeiTrolled]

Hey sibeiTrolled, please correct me if I am wrong, isn't this cimb promotion comparable to SCB eSaver? I am just curious why you prefer SCB eSaver than this CIMB deal. Thanks!

Not really.

On paper it looks nice, but when you put in numbers it actually isn't that good
You can refer to my earlier post
https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/page-200#post-151504110
I remember i saw someone else posted the exact calculation and arrived at the same % PA as me. However, it seems like he/she deleted it.

Sure, i may come back to CIMB if other banks do not have anymore promo. But at this moment March 2024, Esaver is still running till 31st March so probably jump back to CIMB on 1st Apri.

Or probably ignore this and full amount in MMF after Esaver

Additionally, there are restrictions on who can participate in it. Please read through the TnC as someone else has discovered
https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/page-200#post-151505363

 

[saintgtril]

Not really.

On paper it looks nice, but when you put in numbers it actually isn't that good
You can refer to my earlier post
https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/page-200#post-151504110
I remember i saw someone else posted the exact calculation and arrived at the same % PA as me. However, it seems like he/she deleted it.

Sure, i may come back to CIMB if other banks do not have anymore promo. But at this moment March 2024, Esaver is still running till 31st March so probably jump back to CIMB on 1st Apri.

Or probably ignore this and full amount in MMF after Esaver

Additionally, there are restrictions on who can participate in it. Please read through the TnC as someone else has discovered
https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/page-200#post-151505363

Thanks for your response and appreciate that you highlighted the restriction. I have 2 CIMB accounts + joined the 3.5% promotion. I did a FAST (to another bank and then back) to another CIMB account to join this latest promotion.