CIMB FastSaver

[0218crawford]

I dun remember my login password for web Browser, I can only access using the SG CIMB CLICKS App...

May I knw you settled opening the Fixed-D using the website browser or wecan do this via the CIMB CLICKS APP ?

i used PC. not sure about the app bro. i guess should be able to ba.

 

[thretiredDad]

Not sure how much you are placing. For high amounts can consider if RHB premier plus is higher than CIMB.

https://rhbgroup.com.sg/rhb/premier/deposits/PPLUS

This is good
will take a look at this

but seeing OCBC360 slashing so much interest yesterday
I must think ahead now
the $800 welcome gift promotion
for cimb preferred may not continue

I guess I am going for Uob Priviledge fresh fund
the 2.6% pa for 3 months
But will need to transfer
$350k from my starsaver before 28 march

Means 3 days of bonus interest gone

 

[maumu]

Looks like CIMB Starsaver will likely continue to be the best if you have more than $250k compared to eSaver and Maybank after Apr 1.

how come? can share lobang... sic

was planning to merry go round to eSaver for April but they haven't release the April cycle rates.

 

[GrandJedi]

This is good
will take a look at this

but seeing OCBC360 slashing so much interest yesterday
I must think ahead now
the $800 welcome gift promotion
for cimb preferred may not continue

I guess I am going for Uob Priviledge fresh fund
the 2.6% pa for 3 months
But will need to transfer
$350k from my starsaver before 28 march

Means 3 days of bonus interest gone

RHB is good ideal if you place $1M.. effective interest rate is 3.3%, for $500k effective interest rate is 2.6%. Good for the big boys... CIMB starsaver effective interest rate from Apr 1 is also about 2.6%.

 

[GrandJedi]

unless you are going for
“take note“ : the april 1 promotion is not out

Earn up to 3.3%** p.a. and receive S$800* in Welcome Gift​

When you sign up for a CIMB Preferred Banking relationship​

Depositing $250,000 on April 1
to enjoy 3 months of 3.3% pa
based on 31 march closing balance

Out already... https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-apr25.html

 

[EveMuffins]

Out already...

can confirm if my understanding is correct? no need fresh funds, right? I can just transfer from fastsaver to starsaver?

 

[thretiredDad]

can confirm if my understanding is correct? no need fresh funds, right? I can just transfer from fastsaver to starsaver?

Out of cimb bank fastsaver
to another bank in singapore

then come back in starsaver

 

[reflecx]

can confirm if my understanding is correct? no need fresh funds, right? I can just transfer from fastsaver to starsaver?

Out of cimb bank fastsaver
to another bank in singapore

then come back in starsaver

Can just transfer directly as this is just normal interest, no requirement for fresh funds.

 

[EveMuffins]

Can just transfer directly as this is just normal interest, no requirement for fresh funds.

Out of cimb bank fastsaver
to another bank in singapore
then come back in starsaver

tks..can transfer into starsaver this month, no need wait till Apr, even if my Feb ADB is high right? I saw the website now Mar already dont have bonus interest on incremental balance.

 

[thretiredDad]

tks..can transfer into starsaver this month, no need wait till Apr, even if my Feb ADB is high right? I saw the website now Mar already dont have bonus interest on incremental balance.

Now is to attract preferred client

starsaver is existing first $250k fund
fastsaver is fresh fund

tks..can transfer into starsaver this month, no need wait till Apr, even if my Feb ADB is high right? I saw the website now Mar already dont have bonus interest on incremental balance.

CIMB StarSaver/ StarSaver-i/ StarSaver (Savings)/ StarSaver (Savings)-i Account
Enjoy 3.00%** p.a. on the first S$250,000 in Total Relationship Balance when you top up a minimum of S$250,000 fresh funds# into your account (compared to month-end balance on 28 February 2025) from 1 to 31 March 2025. Earn 3.30%** p.a. from your next dollar onwards.

CIMB FastSaver/ FastSaver-i Account
Earn 3.00%** p.a. on your incremental balances (capped at S$1mil) till 31 May 2025 when you top up a minimum of S$250,000 fresh funds# into your account (compared to month-end balance on 28 February 2025) from 1 to 31 March 2025.

 

[EveMuffins]

Now is to attract preferred client
starsaver is existing first $250k fund
fastsaver is fresh fund

tks. I checked the website..this is for new preferred customer. I'm existing customer for many yrs. I checked the app and saw my starsaver was renamed to 'preferred account' though my total relationship balance with cimb is less then $250k. I didn't even know I've preferred account with them until I read ur post.

too bad I don't qualify for this promotion.

 

[GrandJedi]

how come? can share lobang... sic

was planning to merry go round to eSaver for April but they haven't release the April cycle rates.

I made a mistake.. read the table wrongly.. looks like it makes sense to move to SCB!
https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-apr25.html
Lets hope iSavvy and eSaver rate for April does not fall below 2.6%.

 

[Shalom_555]

I made a mistake.. read the table wrongly.. looks like it makes sense to move to SCB!
https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-apr25.html
Lets hope iSavvy and eSaver rate for April does not fall below 2.6%.

With the optimized amt $75K (since int rate is tierred), estimated interest is only 2% (starting 1 April). Sad...

 

[sglandscape]

With the optimized amt $75K (since int rate is tierred), estimated interest is only 2% (starting 1 April). Sad...

Would be moving to Maribank / GXS for those money, unless CIMB starts a new promo cycle for April. Also, CIMB pays interest slower than the new digibank. Gone are the 3% days.

 

[GrandJedi]

With the optimized amt $75K (since int rate is tierred), estimated interest is only 2% (starting 1 April). Sad...

Consider Starsaver, if you have more than $75k.

 

[maumu]

I made a mistake.. read the table wrongly.. looks like it my make sense to move to SCB!
https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-apr25.html
Lets hope iSavvy and eSaver rate for April does not fall below 2.6%.

not inclined to join and lock for 6 months with only 3 months guaranteed... may as well keep it floating and switch between HSBC EGA and eSaver/FastSaver.

 

[GrandJedi]

not inclined to join and lock for 6 months with only 3 months guaranteed... may as well keep it floating and switch between HSBC EGA and eSaver/FastSaver.

Do not understand/follow what you mean by "join and lock for 6 months with only 3 months guraranteed"?

 

[maumu]

Do not understand/follow what you mean by "join and lock for 6 months with only 3 months guraranteed"?

the promotional rate (3%/3.3%) is only until 31 May?

but in the tnc, it says you have to stay for 6 months, else it may be clawed back.

"... Increase a minimum of S$250,000 in AUM (as defined below) with the Bank during the Promotion Period within one (1) month of account opening date when compared against the end-day balance on the last day of the previous month (i.e. 31 January 2025 if Customer increased AUM in February 2025) and maintain the said AUM for a minimum period of six (6) months (“Minimum Period”), starting from the date that the Customer has increased at least S$250,000 of AUM."

 

[GrandJedi]

the promotional rate (3%/3.3%) is only until 31 May?

but in the tnc, it says you have to stay for 6 months, else it may be clawed back.

"... Increase a minimum of S$250,000 in AUM (as defined below) with the Bank during the Promotion Period within one (1) month of account opening date when compared against the end-day balance on the last day of the previous month (i.e. 31 January 2025 if Customer increased AUM in February 2025) and maintain the said AUM for a minimum period of six (6) months (“Minimum Period”), starting from the date that the Customer has increased at least S$250,000 of AUM."

Ok.. I was NOT refering to the promotional rate. Just the normal interest rate for CIMB StarSaver from 1 Apr, which has no conditions at all.

 

[ericcsn]

the promotional rate (3%/3.3%) is only until 31 May?

but in the tnc, it says you have to stay for 6 months, else it may be clawed back.

"... Increase a minimum of S$250,000 in AUM (as defined below) with the Bank during the Promotion Period within one (1) month of account opening date when compared against the end-day balance on the last day of the previous month (i.e. 31 January 2025 if Customer increased AUM in February 2025) and maintain the said AUM for a minimum period of six (6) months (“Minimum Period”), starting from the date that the Customer has increased at least S$250,000 of AUM."

To me CIMB TnC is always very convoluted. And they also heavily make use of asterisks *, ** and other superscripts (eg. ^, ^^) that i have a hard time finding (most of the time i can't locate them to interpret what they mean).

But if I look at the below illustration for depositing money in excess of $250K (or even amount that are below this figure), to me they are a pure waste of time
https://www.cimbpreferred.com.sg/en...red-promotions/preferred-acquisition.html#ntp