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sellingmyitems

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Hmm, did everyone who got their bonus interest on 1st Nov get the correct amount?

I calculated this way:
The base interest for each month from July - Sept, which was received end of every month. (The amount has been correct)
The total interest for each month, Jul-Sept, based on 3.5% int rate.
The difference between both above values - should be the bonus interest received on 1st Nov? (which wasn't for me).

Did I calculate wrongly somewhere?...
 
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sglandscape

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sellingmyitems said:
Hmm, did everyone who got their bonus interest on 1st Nov get the correct amount?

I calculated this way:
The base interest for each month from July - Sept, which was received end of every month. (The amount has been correct)
The total interest for each month, Jul-Sept, based on 3.5% int rate.
The difference between both above values - should be the bonus interest received on 1st Nov? (which wasn't for me).

Did I calculate wrongly somewhere?...
Click to expand...
Did the calculation and it was quite close. Did you adjust for the tiered base interest?
 
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sibeiTrolled

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sellingmyitems said:
The difference between both above values - should be the bonus interest received on 1st Nov? (which wasn't for me).

Did I calculate wrongly somewhere?...
Click to expand...
How much was the difference?

This theory holds, shouldn't be much difference if you were to 1.5 + 2.0 or 3.5 - 1.5

The next question is, was there any day that your balance was less than the required incremental 5K resulting you in not eligible for that day bonus interest?
 
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viv4080

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sellingmyitems said:
Hmm, did everyone who got their bonus interest on 1st Nov get the correct amount?

I calculated this way:
The base interest for each month from July - Sept, which was received end of every month. (The amount has been correct)
The total interest for each month, Jul-Sept, based on 3.5% int rate.
The difference between both above values - should be the bonus interest received on 1st Nov? (which wasn't for me).

Did I calculate wrongly somewhere?...
Click to expand...
Base interest is based on total balance.
Bonus interest is based on total balance less ADB for August.

Edit - should be ADB for June (not August)
 
Last edited:
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sellingmyitems

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I just deducted: total interest (based on 3.5%) minus base interest.
The base interest calculation was adjusted for tier, if that's what u're asking...

Nope, my balances were in tens of thousands... so didn't drop below 5k any day. And my june balance was basically 0.
 
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viv4080

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I think that clause 4d in the Nov promo is to exclude those who are already on the Sep or Oct promo from having 2 concurrent promos at the same time.

This is just my view on this clause. We will know the answer on 28 Feb.
 
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sellingmyitems

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Oh ok, i solved my own mystery haha
Coz a chunk of my balance was credited from a maturing FD, i guess it doesn't count as "fresh funds". Thanks anyway guys
 
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Mickey01

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sellingmyitems said:
Oh ok, i solved my own mystery haha
Coz a chunk of my balance was credited from a maturing FD, i guess it doesn't count as "fresh funds". Thanks anyway guys
Click to expand...
funds transfer within CIMB accounts not counted as fresh funds.

using monthly ADB*3.5% to estimate the monthly total interest (base + BI) is correct method provided there isn't any days with balance falls below $5k incremental
 
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questionman26

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Help! My CIMB Clicks Apps in IOS cannot receive any notification when i try to log in using online banking from laptop. Last time it still allow SMS OTP which i able to received, now it only allow send notification to the apps which i did not receive at all. Call CSO told me to update apps but doesn't solve the problem. How? TIA
 
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sibeiTrolled

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questionman26 said:
Help! My CIMB Clicks Apps in IOS cannot receive any notification when i try to log in using online banking from laptop. Last time it still allow SMS OTP which i able to received, now it only allow send notification to the apps which i did not receive at all. Call CSO told me to update apps but doesn't solve the problem. How? TIA
Click to expand...
Login to the app and try to make a transfer to other bank. See if it triggers the phone as authentication key setup.

Just to make sure, make sure the CIMB app has its notification turned on or something
Are your other apps recieving the proper notifications?
 
IcYFl4mEz

IcYFl4mEz

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Just to confirm , for SI CIMB , not sure why mine appears as double SI, does this work?
GIRO-IBG
OTHR xxxx
xxxx
xxxxx
SI SI - CIMB
 
tiertime

tiertime

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~sabaisabai~ said:
maybank still better i suppose?
Click to expand...
Yes Maybank interest faster to receive and MUCH EASIER to calculate !

CIMB ....I really dunno how to calculate coz got tiers... And then they split it again into prevailing and bonus, very complicated
 
Ch3tah_39

Ch3tah_39

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IcYFl4mEz said:
Just to confirm , for SI CIMB , not sure why mine appears as double SI, does this work?
GIRO-IBG
OTHR xxxx
xxxx
xxxxx
SI SI - CIMB
Click to expand...

I called the bank. Mine Double SI SI without CIMB will not be eligible.

But I see you got the magical 4 letter CIMB there, it should work. This bank is damn weird, they just want to see your remark CIMB hahaba
 
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