CIMB FastSaver

[sibeiTrolled]

Currently any promotion?

Already 22 days into existing NOV 2024 promo

https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/post-154265716

 

[tiertime]

Does anyone knows if CIMB BANK Fast and Star saver gives interest for deposits made on Sundays ?

 

[IAmChiobu12M]

Anyone deposited at cimb for the flat 3.3% interest with min 5k?

Can confirm is it if top up now immediately will qualify 3.3%? Or means I already lose out of Nov since about to end?

 

[IAmChiobu12M]

Already 22 days into existing NOV 2024 promo

https://forums.hardwarezone.com.sg/threads/cimb-fastsaver.5176026/post-154265716

I just realised tdy when I log into the cimb app wasted

 

[Krabs.]

Can confirm is it if top up now immediately will qualify 3.3%? Or means I already lose out of Nov since about to end?

have conditions .... example never topup fresh money more than 5k in sept and oct

 

[thretiredDad]

i noticed 2.5% for above S$75,000?
does that means there is no cap?
i can top up $200k
and 76k to 200k is also 2.5%?

 

[sibeiTrolled]

I just realised tdy when I log into the cimb app waste

Can confirm is it if top up now immediately will qualify 3.3%? Or means I already lose out of Nov since about to end?

Imo, just wait for Dec promo or alternatives from HSBC or stand chart

i noticed 2.5% for above S$75,000?
does that means there is no cap?
i can top up $200k
and 76k to 200k is also 2.5%?

Skimmed through the TNC but found no mention about cap

Logically 200k should be ok but better to just just contact CIMB if unsure

 

[thretiredDad]

Imo, just wait for Dec promo or alternatives from HSBC or stand chart


Skimmed through the TNC but found no mention about cap

Logically 200k should be ok but better to just just contact CIMB if unsure

i also noticed for cimb starsaver
first 100k - 1.19+2.11
next 150k - 2.19+1.11
above 250k - 3.3

sounds like a fixed D

 

[sibeiTrolled]

i also noticed for cimb starsaver
first 100k - 1.19+2.11
next 150k - 2.19+1.11
above 250k - 3.3

sounds like a fixed D

Haha, you intending to put 200k in star?

CIMB loves doing tiering and this basically cause issues for people who forget about this and calculate base and bonus interest

 

[danedane79]

If sep 30 top up 50k, then oct 31 top up 20k, then nov 10 take out 100k, then nov 20 top up 150k, and hold until dec 1, how much interest will get in dec?

 

[init00]

have conditions .... example never topup fresh money more than 5k in sept and oct

Mind to explain more on this condition? Thanks.

 

[thretiredDad]

Haha, you intending to put 200k in star?

CIMB loves doing tiering and this basically cause issues for people who forget about this and calculate base and bonus interest

the bonus issue is confusing

for starsaver
first 100k - 1.19+2.11
next 150k - 2.19+1.11
above 250k - 3.3

to get the 2.11% and 1.11% bonus interest

how is the $19k derived?

 

[reflecx]

the bonus issue is confusing

for starsaver
first 100k - 1.19+2.11
next 150k - 2.19+1.11
above 250k - 3.3

to get the 2.11% and 1.11% bonus interest

how is the $19k derived?

$20000 - $1000 (last day of Oct balance) = $19000

 

[thretiredDad]

$20000 - $1000 (last day of Oct balance) = $19000

so is based on Oct day end balance

thanks

 

[thretiredDad]

Haha, you intending to put 200k in star?

CIMB loves doing tiering and this basically cause issues for people who forget about this and calculate base and bonus interest

So in this case
oct 31 my balance is $7,000
nov 25- deposited $250,000
Dec 1 - deposited $5,500
jan 1 - deposited $5,500

I will get bonus interest
for the $250,000
from 6 days of Nov + Dec + Jan?

Oct month end balance = $7,000*

 

[sgreview]

So in this case
oct 31 my balance is $7,000
nov 25- deposited $250,000
Dec 1 - deposited $5,500
jan 1 - deposited $5,500

I will get bonus interest
for the $250,000
from 6 days of Nov + Dec + Jan?

Oct month end balance = $7,000*

Yes, according to what the CSO shared with me, I'm assuming u don't withdraw any amount coz the way u put as end of day balance is not right, your end of day should be 257k on 25-30 Nov, 262,500 for whole of Dec etc, then any amount in excess of 7k will earn 3.3%

 

[sibeiTrolled]

Mind to explain more on this condition? Thanks.

You can refer to this document
https://www.cimb.com.sg/content/dam/cimbsg/personal/document/tnc/accounts/2024/casa-tnc-nov2024.pdf

Point 4 and Point 5

 

[sibeiTrolled]

So in this case
oct 31 my balance is $7,000
nov 25- deposited $250,000
Dec 1 - deposited $5,500
jan 1 - deposited $5,500

I will get bonus interest
for the $250,000
from 6 days of Nov + Dec + Jan?

In short, yes

Long,
1) You must minus off your 7000 for the bonus interest cause that is your comparison amount
2) As long as you have more than 12K (assuming that your Oct 31 balance is really 7000) in your account on the last day of each month

Longer,
3) Also check with CIMB if there is cap limit on fast saver for the promo

To add on, try to comprehend the illustration in the TnC which is Point 10, as it almost covers all of the possible cases for someone to make.

 

[thretiredDad]

Yes, according to what the CSO shared with me, in fact, u will also get 3.3% for the 5,500 in Dec and 11k in Jan, I'm assuming u don't withdraw any amount coz the way u put as end of day balance is not right, your end of day should be 257k on 25-30 Nov, 262,500 for whole of Dec etc

yes
it should be $7000
not $4000

 

[thretiredDad]

In short, yes

Long,
1) You must minus off your 7000 for the bonus interest cause that is your comparison amount
2) As long as you have more than 12K (assuming that your Oct 31 balance is really 7000) in your account on the last day of each month

Longer,
3) Also check with CIMB if there is cap limit on fast saver for the promo

To add on, try to comprehend the illustration in the TnC which is Point 10, as it almost covers all of the possible cases for someone to make.

Very confusing this promo
one rm told me
if I don’t put the $5500 in Nov
I will not be eligible for December and Jan bonus interest
I was also advice
to only put in December 1
there might be a better promotion
next month

very confused