CIMB FastSaver

[lzydata]

I transferred in and immediately transferred out some funds in June. And the everyday end-day balance is $0. And I transferred in the funds on July 1st and will maintain them. Am I eligible for Jun 24 (compared with May) promotion or Jul 24 (compared with June)?

If your end-of-day balances in June were all $0 and only as of July is above $0, then I guess it will be the July one.

 

[sibeiTrolled]

Am I eligible for Jun 24 (compared with May) promotion or Jul 24 (compared with June)?

It would be better to check directly with CIMB.

 

[roz_sid]

so the promo extend till 31 aug. am i right?

 

[iosnewbie]

My SCB eSaver promo BI has ended so want rotate my funds out. Looks like CIMB Fast Saver is the simplest option so far.
For the current promo, is the sweet spot for 150k which will earn an EIR of 3.5% pa, till end Sep? For the additional 0.5% pa awarded for a $1000 salary credit , what is the acceptable crediting process? Can I do it by FAST?

 

[mosmos]

so the promo extend till 31 aug. am i right?

Till sept

https://www.cimb.com.sg/en/personal...MInInoxc6OhwMVr6JmAh2f1Qw7EAAYASABEgKIO_D_BwE

 

[sibeiTrolled]

so the promo extend till 31 aug. am i right?

Which batch are you in?

If June then Aug 31

Till sept

https://www.cimb.com.sg/en/personal...MInInoxc6OhwMVr6JmAh2f1Qw7EAAYASABEgKIO_D_BwE

If July then sept 30

 

[mosmos]

Which batch are you in?

If June then Aug 31

If July then sept 30

July 1st

 

[sibeiTrolled]

is the sweet spot for 150k which will earn an EIR of 3.5% pa, till end Sep?

For this July batch, yes. Just go open a fastsaver account.

For the additional 0.5% pa awarded for a $1000 salary credit , what is the acceptable crediting process? Can I do it by fast?

Look at my reply down below to someone else similar question

https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/page-214#post-152920423

 

[sglandscape]

Spoke to 2 CIMB CSOs, both confirmed existing customers who joined in June, the BI 3.5% is extended to Aug 2024, i.e. 3.5% for Jun Jul Aug.

Comparison end-of-month is 31 May 2024, refer to illustation Para 10.
For Existing Customers who participated in June 2024, please click here for the full terms and conditions.

Would rather have black and white than verbal, in any case, the illustration is example only, let's see if CIMB will amend Para 1 to state from 1 Jun to 31 Aug 2024.

This is actually in the tnc

 

[Sambuca78]

For this July batch, yes. Just go open a fastsaver account.



Look at my reply down below to someone else similar question

https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/page-214#post-152920423

Can also set up standing Instruction.

 

[fr33d0m]

Can also set up standing Instruction.

any standing instruction? or need some special keyword?

Thanks!

 

[Sambuca78]

any standing instruction? or need some special keyword?

Thanks!

I just follow the instructions from the website

 

[fr33d0m]

I just follow the instructions from the website

can share the website for instruction?

can see GIRO-IBG, how to set "SI - CIMB" or "Monthly Fund Transfer - CIMB" etc?

 

[Sambuca78]

can share the website for instruction?

can see GIRO-IBG, how to set "SI - CIMB" or "Monthly Fund Transfer - CIMB" etc?

https://www.cimb.com.sg/content/dam...024/apr1/tnc_FSA_Salary_Crediting_wef1Apr.pdf

Anyway i just try only, not too sure if it works.

 

[ekardo]

no condition 3.5% ? just incremental 5k compared to 30th June ?

 

[sibeiTrolled]

no condition 3.5% ? just incremental 5k compared to 30th June ?

Incremental 5K against end day balance and month end balance

 

[tinsel77]

so if i put in 100K now but my cimb has 150k already as existing customer, only 100K get the 3.5%?

 

[sibeiTrolled]

so if i put in 100K now but my cimb has 150k already as existing customer, only 100K get the 3.5%?

Yes. You only get the bonus interest on the incremental 100K and base interest on both old and new.
The 3.5% is inclusive of base and bonus interest

You can look at alternatives like HSBC EGA and MAYBANK ISAVVY
Right now, SCB eSaver existing promo is about the end, so i wouldn't recommend it right now. Maybe once the next promo is released on 1st Aug 2024.

 

[iceblendedchoc]

For those starting in July and existing customers; scheme Work like scb now except 5k increments required. for July, august and September. Best is zero again in august

 

[tinsel77]

Yes. You only get the bonus interest on the incremental 100K and base interest on both old and new.
The 3.5% is inclusive of base and bonus interest

You can look at alternatives like HSBC EGA and MAYBANK ISAVVY
Right now, SCB eSaver existing promo is about the end, so i wouldn't recommend it right now. Maybe once the next promo is released on 1st Aug 2024.

Thanks. But i have moved the funds out from SCB. need to wait for 30 days before the next SCB promo. so looks like CIMB is the better option for now. if SCB is better than CIMB in Aug, then it makes sense to move all 250K to SCB right?