Is CIMB FastSaver or SCB Jumpstart better to keep my savings in? - Seedly
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Asked on 30 Oct 2019

Is CIMB FastSaver or SCB Jumpstart better to keep my savings in?

Am currently a full-time student with no income and approx. 2.5-3k in savings. Hoping to save in a bank with no minimum monthly spending, deposit etc. that will maximise my savings via p.a rates (or anything else that works... Do lmk, am a newbie at this sort of thing).

On a side note, is there a withdrawal fee for JumpStart? Website mentioned no fees, but the terms mentioned something along the lines of being "subjected to withdrawal fees" upon withdrawing at an ATM with Cashback debit card.


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Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered on 31 Oct 2019

This is pretty simple to answer!

If you are under 27 years old, and have less than $20k, then yes SCB Jumpstart is for you.

I personally use it for my reserve account to save up for my home rennovation with my other half.

If you are above 27 years old, then no-brainer, the CIMB FastSaver is best for you!

1 comment

ūüĎć 4

31 Oct 2019

Thank you for taking the time to address my concerns! I really appreciate it.