CIMB FastSaver

[~sabaisabai~]

Yes

Somethings to take note
1) Keep more than 5K SGD incremental compared against JUN ADB EVERY DAY
2) Avoid withdrawal on last day of month or withdraw but keep it above the 5K Incremental as you will lose out on the entire month bonus interest if you do not hit the requirement on the last day.
3) Bonus interest credited on 31st Oct

I still recommend reading the TnC just to make sure you are not missing anything important - https://www.cimb.com.sg/content/dam...024/TnC_CASA_Bonus_Interest_NTB_ETB_Jul24.pdf

You can refer to the table on page 3 of the TnC for basically the TnC summary and how the calculation works.

nowadays their BI credit is on end of the month?
during the last year promo, they credited on 20th of the month

 

[sibeiTrolled]

nowadays their BI credit is on end of the month?
during the last year promo, they credited on 20th of the month

Base should be still same.
Bonus is consolidated then send on a fixed date based on the Jun or Jul TnC.

One of the reason why i didn't want to participate in this Jun / Jul promo yet, really dislike that they are following HSBC style.

Kinda miss the old 6 months promo last year

 

[~sabaisabai~]

Base should be still same.
Bonus is consolidated then send on a fixed date based on the Jun or Jul TnC.

One of the reason why i didn't want to participate in this Jun / Jul promo yet, really dislike that they are following HSBC style.

Kinda miss the old 6 months promo last year

oh, what is HSBC style? can share?

 

[sibeiTrolled]

h, what is HSBC style? can share?

Nothing much, just delay in bonus interest

Example....
Their current promo runs from 1st July to 31st July
Period - 1st July to 31st Aug
Bonus Interest will be credited into an Eligible Account in SGD by 31 October 2024.

https://www.hsbc.com.sg/content/dam...al/terms-and-conditions-lny-ega-promotion.pdf

I basically started with HSBC EGA for the deposit merry go round so i coin it "HSBC style". Maybe there are other banks that does this as well.

 

[~sabaisabai~]

Nothing much, just delay in bonus interest

Example....
Their current promo runs from 1st July to 31st July
Period - 1st July to 31st Aug
Bonus Interest will be credited into an Eligible Account in SGD by 31 October 2024.

https://www.hsbc.com.sg/content/dam...al/terms-and-conditions-lny-ega-promotion.pdf

I basically started with HSBC EGA for the deposit merry go round so i coin it "HSBC style". Maybe there are other banks that does this as well.

maybank still better, get the BI few days later after previous mth end
this cimb used to be good leh

 

[ekardo]

anyone on CIMB FD ? if mature on 1 Aug, do we get it on the 1 Aug 00:00hr?

 

[~sabaisabai~]

anyone on CIMB FD ? if mature on 1 Aug, do we get it on the 1 Aug 00:00hr?

my also mature on 1 Aug. my past experience is past midnight. 12-1am

 

[bargin]

why need to transfer in weird hours than normal working hours

 

[sohguanh]

why need to transfer in weird hours than normal working hours

Some ppl may not be in Spore for instance. Maybe on tour or working overseas on different timezone? So to us UTC+8 it is weird hours but to them maybe normal waking hours? Just guessing.

 

[ekardo]

why need to transfer in weird hours than normal working hours

depends if the transfer needs people to trigger...if automated, should be around 00:00....

 

[Cookie Muncher]

For the current promo 3.5%, from July to September we will only get the Prevailing Interest?

The Bonus Interest will only be credited on 31 October?

 

[sibeiTrolled]

For the current promo 3.5%, from July to September we will only get the Prevailing Interest?

Yes

The Bonus Interest will only be credited on 31 October?

Yes

Bonus Interest/Profit (if any) will be accrued daily and credited into the Qualifying Account(s) on 31 October 2024.

 

[terriblee]

Why not Maybank isavy 3.5% as well

 

[~sabaisabai~]

Yes
Yes
Bonus Interest/Profit (if any) will be accrued daily and credited into the Qualifying Account(s) on 31 October 2024.

the BI credited on 31 Oct for the 3 months July to September?

 

[iceblendedchoc]

Wow I just saw the month-end balance requirement too. Thanks for highlighting it.

Just withdraw on the first of the month unless the other side you transferring to has better interest significantly

 

[lzydata]

Why not Maybank isavy 3.5% as well

For that offer and 3.5% pa, the incremental balance is at least $200k. Below that, the rate is 3.3% pa.

 

[Sambuca78]

anyone on CIMB FD ? if mature on 1 Aug, do we get it on the 1 Aug 00:00hr?

Mine mature today, i transferred out at 5am today

 

[Sarkie]

I got principal+interest sometime between 1.20am to 2am today.

 

[sibeiTrolled]

the BI credited on 31 Oct for the 3 months July to September?

Likely, since it is written that way. Not very sure

 

[~sabaisabai~]

Likely, since it is written that way. Not very sure

just called them to confirm. BI will only paid 31 Oct. but we can withdraw all fund out on 1 Oct and will still receive the BI