CIMB FastSaver

[CrashWire]

Like that the promo interest how?

You see the latest illustration on their website, you will have the answer.

 

[iosnewbie]

I opened my CIMB FastSaver account on 13 Jul and transferred 150k on 17 Jul.

Got my first interest payment of $107 credited on 31 Jul and second interest payment of $210 on 31 Aug.

Should I be expecting another interest payment on 30 Sep or is the promotion period over for me?

 

[sibeiTrolled]

Got my first interest payment of $107 credited on 31 Jul and second interest payment of $210 on 31 Aug.

This is the base interest.

Since you joined in Jul, you are eligible for the promo till 30 Sept 2024
This is your TnC - https://www.cimb.com.sg/content/dam...024/TnC_CASA_Bonus_Interest_NTB_ETB_Jul24.pdf

Should I be expecting another interest payment on 30 Sep

You will receive your base interest on every last day or 2nd last day or 3rd last day depending for Jul, Aug and Sept
Then on 31st Oct, you will receive the left-over interest that makes up the promotion of 3.5%

or is the promotion period over for me?

You can ONLY withdraw all your monies ON 1st Oct 2024 if you wish to get the bonus interest for Sept 2024 Then maybe look for other promotions from other banks after that

 

[iosnewbie]

This is the base interest.

Since you joined in Jul, you are eligible for the promo till 30 Sept 2024
This is your TnC - https://www.cimb.com.sg/content/dam...024/TnC_CASA_Bonus_Interest_NTB_ETB_Jul24.pdf

You will receive your base interest on every last day or 2nd last day or 3rd last day depending for Jul, Aug and Sept
Then on 31st Oct, you will receive the left-over interest that makes up the promotion of 3.5%



You can ONLY withdraw all your monies ON 1st Oct 2024 if you wish to get the bonus interest for Sept 2024 Then maybe look for other promotions from other banks after that

Tqvm for the detailed explanation.

The 150k I am holding in CIMB was emptied from my SCB eSaver account. Looking to rotate back to SCB eSaver since the promo conditions are simple.

 

[sibeiTrolled]

Tqvm for the detailed explanation.

The 150k I am holding in CIMB was emptied from my SCB eSaver account. Looking to rotate back to SCB eSaver since the promo conditions are simple.

True that.

Since existing esaver public promo run till 30 SEP, you can wait for your existing CIMB promo to end then transfer into SCB once their new Oct promo is up

 

[a4973]

This is the base interest.

Since you joined in Jul, you are eligible for the promo till 30 Sept 2024
This is your TnC - https://www.cimb.com.sg/content/dam...024/TnC_CASA_Bonus_Interest_NTB_ETB_Jul24.pdf

You will receive your base interest on every last day or 2nd last day or 3rd last day depending for Jul, Aug and Sept
Then on 31st Oct, you will receive the left-over interest that makes up the promotion of 3.5%



You can ONLY withdraw all your monies ON 1st Oct 2024 if you wish to get the bonus interest for Sept 2024 Then maybe look for other promotions from other banks after that

So one cannot withdraw some amount leaving a minimum sum in the FastSaver on 30 September to carry forward to 1 Oct? Thank you

 

[sibeiTrolled]

So one cannot withdraw some amount leaving a minimum sum in the FastSaver on 30 September to carry forward to 1 Oct? Thank you

You can, but you can't even participate in the new CIMB promo as they will block you based on the information that you have participated in similar promo in the past.

This is what is on the Sep 2024 promo -
This Promotion is not valid in conjunction with other promotional offers (such as CIMB CASA Bonus Interest / Profit Promotion June 2024, CIMB CASA Bonus Interest/Profit Promotion July 2024 and CIMB CASA Bonus Interest/Profit Promotion August 2024) unless otherwise stated.

So, at this point, might as well earn the full interest on your total sum for just 1 more day, then run road in Oct

 

[reflecx]

You can ONLY withdraw all your monies ON 1st Oct 2024 if you wish to get the bonus interest for Sept 2024 Then maybe look for other promotions from other banks after that

You can withdraw any amount at anytime, but you need $5000 increment at the end of each month to earn bonus interest for the month, and $5000 increment each day to earn interest for that day.

You can, but you can't even participate in the new CIMB promo as they will block you based on the information that you have participated in similar promo in the past.

This is what is on the Sep 2024 promo -
This Promotion is not valid in conjunction with other promotional offers (such as CIMB CASA Bonus Interest / Profit Promotion June 2024, CIMB CASA Bonus Interest/Profit Promotion July 2024 and CIMB CASA Bonus Interest/Profit Promotion August 2024) unless otherwise stated.

So, at this point, might as well earn the full interest on your total sum for just 1 more day, then run road in Oct

This is nothing new, the bank promos (HSBC, SC, Maybank, CIMB) don't allow you to continually enjoy the promotions back to back. You always need to go somewhere else (or use another account) for one month or one period before coming back.

 

[a4973]

You can withdraw any amount at anytime, but you need $5000 increment at the end of each month to earn bonus interest for the month, and $5000 increment each day to earn interest for that day.

This is nothing new, the bank promos (HSBC, SC, Maybank, CIMB) don't allow you to continually enjoy the promotions back to back. You always need to go somewhere else (or use another account) for one month or one period before coming back.

When you say "another account" can that "another account" be a starsaver under my name when I have already participated in FastSaver under my name from July to September? Thank you

 

[reflecx]

When you say "another account" can that "another account" be a starsaver under my name when I have already participated in FastSaver under my name from July to September? Thank you

Yes, you can use your StarSaver to alternate with your FastSaver. Promotions are tied to accounts and not the person.

 

[pratik28]

hi, so for cimb promo I will earn bonus interest even if I do incremental mid of month (today)?

as long as I have $5k incremental in EOD bal on 30th sep?

or $0 bal from 1st to 16th sep make me ineligible for entire month?

 

[60Remajust]

Yes, you can use your StarSaver to alternate with your FastSaver. Promotions are tied to accounts and not the person.

wa lau didn't know abt this useful info

so if my fastsaver i did jun-aug

I can continue on starsaver from sep-nov min top up 5k???

 

[sibeiTrolled]

hi, so for cimb promo I will earn bonus interest even if I do incremental mid of month (today)?

as long as I have $5k incremental in EOD bal on 30th sep?

Yes

or $0 bal from 1st to 16th sep make me ineligible for entire month?

As long you have the 5K incremental on last day of every month compared against your batch TnC predefined month, you will get the month bonus interest

Base and bonus interest is calculated daily.

 

[ngbc]

Down down down ...

CIMB bank revising interest rate w.e.f. 1 Oct 2024 :

https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-oct24.html

 

[CrashWire]

Down down down ...

CIMB bank revising interest rate w.e.f. 1 Oct 2024 :

https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-oct24.html

21 days late: https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/post-153593087

 

[waterpighead]

This is the base interest.

Since you joined in Jul, you are eligible for the promo till 30 Sept 2024
This is your TnC - https://www.cimb.com.sg/content/dam...024/TnC_CASA_Bonus_Interest_NTB_ETB_Jul24.pdf

You will receive your base interest on every last day or 2nd last day or 3rd last day depending for Jul, Aug and Sept
Then on 31st Oct, you will receive the left-over interest that makes up the promotion of 3.5%



You can ONLY withdraw all your monies ON 1st Oct 2024 if you wish to get the bonus interest for Sept 2024 Then maybe look for other promotions from other banks after that

Im also in the Jul-Sep promo (ref mth June) of 3.5% which is ending soon.
One quick clarification - if i withdraw all my monies on 1 Oct 2024 from cimb fastsaver, do i need to maintain the minimum balance (of $1000?) to ensure that i will be able to enjoy the BI which will only be paid out by end Oct?
Thanks!

 

[jackiehuat]

Anyone got their interest for June CASA?

 

[Krabs.]

No need minimum $1000 .... can withdraw to empty or keep a few dollars there

 

[waterpighead]

No need minimum $1000 .... can withdraw to empty or keep a few dollars there

Noted, thks!

 

[compro_1975]

Anyone got their interest for June CASA?

final interest not in yet