Asked by Anonymous

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)?

1
0
Answer this question
Add
Add
Select
Clear
Add
Write your answer

Answers (13)

Sort by:
Most Upvote
  • Most Recent
  • Most Upvote
  • Junus Eu
    Junus Eu
    Top Contributor

    Top Contributor (Apr)

    Level 7. Grand Master
    Answered on 04 Apr 2019

    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.

    Comments (0)
    1
    0
  • Yong Kah Hwee
    Yong Kah Hwee
    Level 6. Master
    Answered on 15 Sep 2018

    It's a savings account, not a bond. If you have moeny to spare, you might want to consider putting them into Singapore Savings Bond or Fixed Deposits. They offer returns higher than 1% :)

    You can check out this article written by Seedly: https://blog.seedly.sg/guide-investing-singapore-savings-bond-ssb-interest-rate-how-to-buy/

    Comments (0)
    1
    0
  • Jay Liu
    Jay Liu
    Level 6. Master
    Answered on 15 Sep 2018

    I won't say a bond. But rather just another savings account with higher yielding interest.

    Comments (0)
    1
    0
  • Kenichi Xi
    Kenichi Xi, nᴉʍ oʇ dǝnᴉʇsǝd 不能说的秘密 at Tag Team with Gabriel Tham
    Level 6. Master
    Answered on 15 Sep 2018

    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.

    $50k will be protected by SDIC.

    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.

    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.

    Comments (0)
    0
    0
  • Teresa Wu
    Teresa Wu
    Level 3. Wonderkid
    Answered on 15 Sep 2018

    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.

    Comments (0)
    0
    0
  • JianHao Soo
    JianHao Soo
    Level 3. Wonderkid
    Answered on 15 Sep 2018

    There's liquidity to CIMB Fast saver - it's more of a bank account than a bond.

    Comments (0)
    0
    0
  • Jason Sin
    Jason Sin
    Level 5. Genius
    Answered on 15 Sep 2018

    Cimb fastsaver is a saving account not a bond. Personally I prefer Singapore Saving Bond.

    Comments (0)
    0
    0
  • HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society
    Level 8. Wizard
    Answered on 15 Sep 2018

    A high intest saving account and if you invest in Sept with min 10k their anniversary month, it is 1.84% p.a for min 10k. No extra conditions. Good for self employed or even students.

    Comments (0)
    0
    0
  • Jeff Yeo
    Jeff Yeo, amateur Social contributor at School of social sharing
    Level 6. Master
    Answered on 15 Sep 2018

    It is very different from a bond but i would recommend getting this if you just want to park money away earning a bit higher interest

    Comments (0)
    0
    0
  • Gabriel Lee
    Gabriel Lee
    Level 6. Master
    Answered on 24 Jul 2018

    Best savings account with minimum conditions to fulfill, just need $1k to earn 1% interest

    Comments (0)
    0
    0
  • Ck Chai
    Ck Chai
    Level 4. Prodigy
    Answered on 23 Jul 2018

    It is great for emergency fund saving with high interest of 1% and yet fuss free.

    Comments (0)
    0
    0
  • Isabella Jo
    Isabella Jo
    Level 4. Prodigy
    Answered on 21 Jul 2018

    Great for emergency fund up to S$50k (with minimal balance of S$1k to get the interest). 1% per annum fuss free account with flexibility to withdraw.

    Comments (0)
    0
    0
  • Gabriel Tham
    Gabriel Tham
    Top Contributor

    Top Contributor (Apr)

    Level 8. Wizard
    Answered on 25 Jun 2018

    The best no frills saving account with high interest

    Comments (0)
    0
    0