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HL Low

08 Jan 2021

∙

Anybody still holding on to CIMB FastSaver account after interest rates have been reduced?

Do you advise a person to close his CIMB FastSaver account, if he has only $1K in this account?

As what he understand from CIMB is that, CIMB will not deduct any amount. If he did not deposit any amount to this account. Do he still leave the account there? Or close it would be better?

CIMB FastSaver Account

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saylavee

08 Jan 2021

He can transfer the 1k to singlife to utilise the 2% up till 10k. Just leave the account as it is, from what i know cimb is the only one who doesnt have a fall below fee.

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CH

08 Jan 2021

Me. still holding. because i still need a place to hold some emergency fund.

but $1000 seems a bit low. if it was me, i would consolidate small amounts from various accounts into one account.

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