How do you guys find CIMB FastSaver (like this if you agree that it is just like a one day bond of 1% annual interest)?

Pros:

• can apply purely online, fuss free and convenient
• modest interest rate without having to jump through hoops ... there’s really no catch!
• totally liquid.. set up FAST transfer to your other banks for instantaneous transfer in/out
• no fees!

Cons:

• ibanking web interface is crap!
• their mobile app is even crapper, difficult to use and clumsy..but you will get the hang of it :)

Quite fuss-free as it has no conditions such as salary creditting and minimum spending attached to it! What I do is to use CIMB Fastsaver for the remaining money, after using other higher i/r accounts like Citi MaxiGain and Standard Charted Bonus Saver accounts.

CIMB FastSaver is a convenience 1% interest per annum Saving account for the first $50k.

Any excess amount will receive 0.6% interest per annum.

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$50k will be protected by SDIC.

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IS really a personal peferences whether you wanna have some flexibility in getting ur cash by bank transfer or you prefer to break SSB or FD to have excess to your cash.

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If we use an apple to apple comparison, a 0.05% saving account is to much more inferior compare to a 1% or 0.6% interest rate saving account.

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Good account to consider for joint account holders to save money without conditions! That being said, 1% interest is rather low and there are very few atm machines for you to draw cash. Their internet banking website is not as user friendly as other banks as well.