CIMB FastSaver

[fr33d0m]

the bonus interest today is for Salary or Standing Instruction in August.

 

[Ch3tah_39]

Is very difficult to know if eligible for the bonus interest. Took part for Sep i.e. compared against august balances and did not receive any bonus interest today :/

 

[FD Trinitron]

New FastSaver promo for Oct out liao, 3.3%, req'ment 5k above Sep month end balance.
My last month funds was parked at Maribank, just now just moved all to CIMB.

 

[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

I received my 3rd round of interest amounting to $204 on 30-Sep.

How much leftover interest can i expect based on the original principal of 150k deposited on 17-July? There’s a SCB Marathon eSaver promo now so thinking of shifting my CIMB funds over to SCB immediately, if this leftover interest on 31-Oct from CIMB isn’t too much.

 

[Imhthc]

Noticed there is a new clause 4d in the TNC "Not have previously deposited any minimum incremental balance of S$5,000 in fresh funds in the Qualifying Account from 1 to 30 September 2024 or 1 to 31 August 2024."

What is the purpose of this clause?

Actually there is this clause in the previous promotion too.
Cimb had introduced a few tranches of such promotions in different months. According to the clause u put here, if you took part in the Aug month or last month promo and even withdrew all in between, you will not qualify for this promo this time round.

 

[artemov]

I last took part in the June cycle so I compared the TNC but didn't see it so was wondering what's this for. To play safe, I called the CSO and confirmed I was eligible before transferring. I did had some small deposits during Aug and Sep including bonus from CIMB itself.

I took part in the June to Aug promo too, transferred out everything on 1 Sep. So am I eligible for the Oct promo if I transfer back in today?
Thanks.

This clause worries me

Not have previously deposited any minimum incremental balance of S$5,000 in fresh
funds in the Qualifying Account from 1 to 30 September 2024 or 1 to 31 August 2024.

 

[sibeiTrolled]

How much leftover interest can i expect based on the original principal of 150k deposited on 17-July?

Can't count the roughly estimate for you now.

There’s a SCB Marathon eSaver promo now so thinking of shifting my CIMB funds over to SCB immediately, if this leftover interest on 31-Oct from CIMB isn’t too much.

You can withdraw all and go into esaver already since you already hit all 3 months in your batch and you don't need the money to be inside to receive the bonus interest

 

[sibeiTrolled]

I took part in the June to Aug promo too, transferred out everything on 1 Sep. So am I eligible for the Oct promo if I transfer back in today?
Thanks.

This clause worries me

You should be eligible since it specifically mentioned that restrictions are only August and September batch and you are in the Jun batch

But to be sure, just contact CIMB

 

[iosnewbie]

Can't count the roughly estimate for you now.

You can withdraw all and go into esaver already since you already hit all 3 months in your batch and you don't need the money to be inside to receive the bonus interest

Thanks for the explanation.

If I empty my CIMB account and transfer everything to SCB, would I still expect to receive this leftover interest on 31-Oct?

 

[laeticia]

I took part in the June to Aug promo too, transferred out everything on 1 Sep. So am I eligible for the Oct promo if I transfer back in today?
Thanks.

This clause worries me

I just realised I don't qualify because of the min 5,000 deposit in Aug. Grr. So I cant transfer back from SC esaver

 

[sibeiTrolled]

If I empty my CIMB account and transfer everything to SCB, would I still expect to receive this leftover interest on 31-Oct?

That was what i did for the promo last year though i didn't immediately transfer everything out.
There are a few who transferred out everything and still get the bonus.

I would say, just do it!

 

[pratik28]

oh, what is this new clause, why Aug balance compared?
I thought for Oct promo its compared with EOD bal of only previous month, which is September?

 

[mata_hippo]

i participated in the jul-sep 3.5% promo, jus withdrew everything today...

 

[sohguanh]

Understand CIMB chut pattern liao, bonus is credited after end of promo period which for this Oct 2024 promo bonus get say Jan 2025 correct ? Just want to confirm.

 

[heng_ah]

Understand CIMB chut pattern liao, bonus is credited after end of promo period which for this Oct 2024 promo bonus get say Jan 2025 correct ? Just want to confirm.

You can confirm in the clause of TnC.
Each promo month has their own TnC

 

[sibeiTrolled]

why Aug balance compared?

Not sure what were you reading.

https://www.cimb.com.sg/content/dam...ment/tnc/accounts/2024/tnc-casa-3.3-Oct24.pdf

They were just referring to this clause 4D
Not have previously deposited any minimum incremental balance of S$5,000 in fresh funds in the Qualifying Account from 1 to 30 September 2024 or 1 to 31 August 2024.

i participated in the jul-sep 3.5% promo, jus withdrew everything today...

Jumping to esaver / hsbc?

Understand CIMB chut pattern liao, bonus is credited after end of promo period which for this Oct 2024 promo bonus get say Jan 2025 correct ? Just want to confirm.

What pattern are you referring to?
CIMB promo all along has been 3 months and bonus interest always stated to be credited on 1 month after last month of the batch

Aug promo
Compared against Jul
Period - Aug, Sept, Oct
Pay out - Nov

Sep promo
Compared against Aug
Period - Sep Oct Nov
Pay out - Dec

Oct promo
Compared against Sep
Period - Oct, Nov , Dec
Pay out - Jan

 

[sibeiTrolled]

Archived link for CIMB promo - for reference
EDIT - Internet archive was hacked and the site is now back up
https://www.channelnewsasia.com/wor...-catastrophic-cyberattack-data-breach-4672076

Jun - https://web.archive.org/web/2024090...4/tnc_CASA_Bonus_Interest_Promo_ETB_Jun24.pdf

Jul - https://web.archive.org/web/2024092...024/TnC_CASA_Bonus_Interest_NTB_ETB_Jul24.pdf

Aug - https://web.archive.org/web/2024080...024/TnC_CASA_Bonus_Interest_NTB_ETB_Aug24.pdf

Sep - https://web.archive.org/web/2024090...ument/tnc/promotions/tnc-cimb-bonus-sep24.pdf

Oct -
https://web.archive.org/web/2024100...ment/tnc/accounts/2024/tnc-casa-3.3-Oct24.pdf

 

[sohguanh]

Not sure what were you reading.

https://www.cimb.com.sg/content/dam...ment/tnc/accounts/2024/tnc-casa-3.3-Oct24.pdf

They were just referring to this clause 4D
Not have previously deposited any minimum incremental balance of S$5,000 in fresh funds in the Qualifying Account from 1 to 30 September 2024 or 1 to 31 August 2024.


Jumping to esaver / hsbc?



What pattern are you referring to?
CIMB promo all along has been 3 months and bonus interest always stated to be credited on 1 month after last month of the batch

Aug promo
Compared against Jul
Period - Aug, Sept, Oct
Pay out - Nov

Sep promo
Compared against Aug
Period - Sep Oct Nov
Pay out - Dec

Oct promo
Compared against Sep
Period - Oct, Nov , Dec
Pay out - Jan

Ok noted I must have mixed up with eSaver iSavvy then.

 

[reflecx]

What pattern are you referring to?
CIMB promo all along has been 3 months and bonus interest always stated to be credited on 1 month after last month of the batch

Last year, CIMB bonus was paid 20th of following month. Only this year then they started paying after promo period.

 

[pratik28]

Not sure what were you reading.

https://www.cimb.com.sg/content/dam...ment/tnc/accounts/2024/tnc-casa-3.3-Oct24.pdf

They were just referring to this clause 4D
Not have previously deposited any minimum incremental balance of S$5,000 in fresh funds in the Qualifying Account from 1 to 30 September 2024 or 1 to 31 August 2024.


Jumping to esaver / hsbc?



What pattern are you referring to?
CIMB promo all along has been 3 months and bonus interest always stated to be credited on 1 month after last month of the batch

Aug promo
Compared against Jul
Period - Aug, Sept, Oct
Pay out - Nov

Sep promo
Compared against Aug
Period - Sep Oct Nov
Pay out - Dec

Oct promo
Compared against Sep
Period - Oct, Nov , Dec
Pay out - Jan

I read others mention above that $5000 deposited in Aug also may not qualify for Oct promo.
So I kena confuse why talk abt Aug, when for Oct promo only matters is EOD Sept bal is $0.

I had participate in June-July batch, so Aug I had $5k in there which I emptied on 1st Sept, so does that make me ineligible for Oct promo as I had $5k in there in Aug?