CIMB FastSaver

[hyperbole]

Until now haven't updated website. Safe to transfer in?

 

[addict951]

Does it mean too late to get the 3.5% promo as seems need to top up fresh funds 1 july - 31 july only ?

trying to find alternatives given esaver dropped and hsbc ega seems no promo

Nao new one is for Aug & Sep vs July, also 3.5% pa mah

 

[pantss]

https://www.cimb.com.sg/content/dam...024/TnC_CASA_Bonus_Interest_NTB_ETB_Aug24.pdf

Anyway my qn is. Can transfer in and leave it till October? To enjoy 3.5% for both Aug and Sep?

Edit: I think cannot, right?


To be entitled to Bonus Interest/Profit:
a. the Month-end Incremental Balance must be a minimum of S$5,000 in fresh funds.
Month-end Incremental Balance for the current month refers to comparing end-day-
balance on last day of the month against the end-day-balance on the last day of the
comparison month (i.e. 31 July 2024). For example, for the month of August 2024, the
end-of-day balance on 31 August 2024 will be compared against end-of-day balance on
31 July 2024;
b. for any day dur

 

[Sambuca78]

Top up more than incremental 5k will activate the promo, landing you in that batch depending on your month.

So, likely yours is the June 2024 batch, meaning it is compared against May 2024 ADB.
Up to you to continue increasing your monies inside the account as long as more than incremental 5K against MAY 2024 ADB

Not sure if I interpret correctly. Based on the following, i interpret the 3.5% applies to the fresh fund from 1 July to 31 July only.

Fresh fund from 1 August doesn't. Happy to be proven wrong.

https://www.cimb.com.sg/en/personal..._a6:go_a7:seg2_a8:brand-r1#existing-customers


Earn a flat interest rate of 3.50%** p.a. till 30 September 2024 by simply topping up a minimum of S$5,000 incremental fresh funds# (compared to month-end balance of 30 June 2024) into your account from 1 to 31 July 2024.

 

[sibeiTrolled]

Anyway my qn is. Can transfer in and leave it till October? To enjoy 3.5% for both Aug and Sep?

Can.

The 5K is the activation to tell CIMB that you are applying for Aug promo.
Your incremental balance more than 5K for each day INCLUDING month end compared to Jul ADB, you are eligible till 31st Oct 2024

Transfer in today cannot qualify for 3.5% interest?

Until now haven't updated website. Safe to transfer in?

Same... i also waiting for them to update before i transfer in.
Scared later they void the august 2024 promo, say not valid cause not announced.

 

[sibeiTrolled]

Not sure if I interpret correctly. Based on the following, i interpret the 3.5% applies to the fresh fund from 1 July to 31 July only.

Right now, i think you are hyper focused on the 1 Jul - 31 Jul date
Maybe you should zoom out and look at the TnC instead.

Question is, which batch are you in? Jun or July?
Either way, look at Page 3 of the TnC. There's a table that depict all the probable choice that a consumer can do and that is the best summary of the entire TnC imo

Example - https://www.cimb.com.sg/content/dam...024/TnC_CASA_Bonus_Interest_NTB_ETB_Jul24.pdf

Jul 2024 Promo.
Scroll to page 3 and you see a table with that month. Look at 1 - 30 Sept 2024.

I would like to reiterate this again.

from 1 July to 31 July only.

This is just the batch you belong in.

Earn a flat interest rate of 3.50%** p.a. till 30 September 2024 by simply topping up a minimum of S$5,000 incremental fresh funds# (compared to month-end balance of 30 June 2024) into your account

This is your promotion.

This is the same thing that CIMB did when they launch their back to back promo last year. Instead of the 5K incremental requirement now, they wanted existing user to register for it during each month batch via phone / email / whatsapp

 

[Sambuca78]

Right now, i think you are hyper focused on the 1 Jul - 31 Jul date
Maybe you should zoom out and look at the TnC instead.

Question is, which batch are you in? Jun or July?
Either way, look at Page 3 of the TnC. There's a table that depict all the probable choice that a consumer can do and that is the best summary of the entire TnC imo

Example - https://www.cimb.com.sg/content/dam...024/TnC_CASA_Bonus_Interest_NTB_ETB_Jul24.pdf

Jul 2024 Promo.
Scroll to page 3 and you see a table with that month. Look at 1 - 30 Sept 2024.

I would like to reiterate this again.

This is just the batch you belong in.

This is your promotion.

This is the same thing that CIMB did when they launch their back to back promo last year. Instead of the 5K incremental requirement now, they wanted existing user to register for it during each month batch via phone / email / whatsapp

Me is June batch.

 

[care4u]

For June 2024 promo batch, can we still transfer in today since the promo extend till end Aug? Or deposit only up till 31 Jul?

 

[sibeiTrolled]

Me is June batch.

https://www.cimb.com.sg/content/dam...4/tnc_CASA_Bonus_Interest_Promo_ETB_Jun24.pdf

Then you can look at page 3 table and then look for the 1 Aug - 31 Aug 2024 Row.
It simulates cash top up after a withdrawal the month prior

In short, if you are worried that they do not honor the cash top up after the batch date. You can
1) Contact them to be sure
2) Treat the existing amount as a withdrawable FD
3) Move over to other promos.

But to be honest, i wouldn't be worried about it. Even if it did, i would probably choose option 2 then 3 with the left over cash

One of the downfall of not getting the bonus interest early so you can't be sure

 

[luvpraline]

Saw this in the Aug TnC:

Bonus Interest/Profit (if any) will be accrued daily and credited into the Qualifying Account(s) on 30 November 2024.

Does this means Aug to Oct monthly interest will only be paid together on 30 November 2024?

If so this is a disadvantage compared to esaver.

 

[sibeiTrolled]

Does this means Aug to Oct monthly interest will only be paid together on 30 November 2024?

For Aug TNC, Yes.
Base interest will be given out on last day of the month.
Bonus interest paid together on 30 Nov 2024

isadvantage compared to esaver.

Ya, but compared to HSBC, it is faster

 

[~sabaisabai~]

Not sure if I interpret correctly. Based on the following, i interpret the 3.5% applies to the fresh fund from 1 July to 31 July only.

Fresh fund from 1 August doesn't. Happy to be proven wrong.

https://www.cimb.com.sg/en/personal..._a6:go_a7:seg2_a8:brand-r1#existing-customers


Earn a flat interest rate of 3.50%** p.a. till 30 September 2024 by simply topping up a minimum of S$5,000 incremental fresh funds# (compared to month-end balance of 30 June 2024) into your account from 1 to 31 July 2024.

i just called the bank, they told me they are not aware of the aug promotion

 

[~sabaisabai~]

Saw this in the Aug TnC:



Does this means Aug to Oct monthly interest will only be paid together on 30 November 2024?

If so this is a disadvantage compared to esaver.

Yes, will be paid end of 30 Nov for the 3mths bonus interest.

 

[~sabaisabai~]

Until now haven't updated website. Safe to transfer in?

yes not updated yet and i called up cimb to check,they said not confirmed yet, so not safe to transfer

 

[heng_ah]

For Aug TNC, Yes.
Base interest will be given out on last day of the month.
Bonus interest paid together on 30 Nov 2024


Ya, but compared to HSBC, it is faster

just to clarify so that I am not trolled by sibeiTrolled.
How did you get the Aug TnC document? Was it from your RM?

 

[sibeiTrolled]

just to clarify so that I am not trolled by sibeiTrolled.
How did you get the Aug TnC document? Was it from your RM?

Did a random month change in the URL and it worked if you refer to my old post
https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/page-221#post-153250389

That's why i am also not putting monies into CIMB for the time being yet.

 

[addict951]

Tried my luck and seems like it worked.
Please do check back on this thread on 1st August again.
I cannot not guarantee that this document will not be changed

AUG 2024 PROMO
https://www.cimb.com.sg/content/dam...024/TnC_CASA_Bonus_Interest_NTB_ETB_Aug24.pdf

Archived link
https://web.archive.org/web/2024073...024/TnC_CASA_Bonus_Interest_NTB_ETB_Aug24.pdf

Compared against 31st July 2024
From 1st Aug to 31st Oct 2024
Bonus given out on 30 Nov 2024

Eh guys, rooking at the latest August promo for Aug to Oct.
Rooking at paras 5 & 6, your daily day-end and month-end balance must be at least $5K vs July.
Therefore, to make things easy, you must move in at least $5K and best not to withdraw else very risky and you run the risk of not getting the bi in Nov.
Consider this a 3-month FD @ 3.5%.

 

[~sabaisabai~]

Did a random month change in the URL and it worked if you refer to my old post
https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/page-221#post-153250389

That's why i am also not putting monies into CIMB for the time being yet.

but i called up cimb 2x and answered by different CSO, both told me they are not aware of aug promo cos they cannot find in their system

 

[~sabaisabai~]

Eh guys, rooking at the latest August promo for Aug to Oct.
Rooking at paras 5 & 6, your daily day-end and month-end balance must be at least $5K vs July.
Therefore, to make things easy, you must move in at least $5K and best not to withdraw else very risky and you run the risk of not getting the bi in Nov.
Consider this a 3-month FD @ 3.5%.

can withdraw, but on the last day of the month, must leave the balance of 5k, else will lose the bonus interest
but you will not get 3.5% for 3mth FD now, if i am not wrong is lower. the highest is rhb 3.35%?

 

[sibeiTrolled]

but i called up cimb 2x and answered by different CSO, both told me they are not aware of aug promo cos they cannot find in their system

Ya, that's why now so messy.
Felt like i did more harm than good now....

TnC up but CIMB not yet updated.
So far only eSaver updated website.
As for HSBC EGA, ppl saying that the Aug promo is live based on the SMS but the website not yet updated