Anonymous

18 Apr 2019

∙

Is it safe to put my money in CIMB FastSaver?

Their iBanking interface looks shabby, making me have trust issues

CIMB FastSaver Account

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Charmaine Ng

02 Sep 2018

The Value Maximizer at @ Every Ma La Xiang Guo Stall

I laughed at this question actually but yes, I totally agree that they have to work on their interface! It's really outdated.

That said, I've been using it for quite some time now and yes, its trustable.

You can read the many reviews here from our friends on seedly.

https://seedly.sg/reviews/savings-accounts/cimb...

And they're also covered under the deposit insurance scheme:

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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If I don’t like to put money in bank system. Where else we can put our money safely?

I have OCBC 360 acc but using fully cos i freelance. I want to setup a CIMB fastsaver acc, but how much shld i put thr and shld i still leave OCBC for mthly bills? Shld $$ i earn go to CIMB or OCBC? I have FRANK for mthly spending, 360 is savings.?

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If I don’t like to put money in bank system. Where else we can put our money safely?

I have OCBC 360 acc but using fully cos i freelance. I want to setup a CIMB fastsaver acc, but how much shld i put thr and shld i still leave OCBC for mthly bills? Shld $$ i earn go to CIMB or OCBC? I have FRANK for mthly spending, 360 is savings.?

Does cimb bank have enough capital money? As currently, my intangible savings is putting over there, I am worried currently. Should I take my money out?

Currently using DBS Remix eSavings Plus earning 0.05% interest. Should I open CIMB FastSaver and transfer my money over to earn 1% interest instead? Will there be a huge difference in the interest earned?

I have $100k and plan to put into CIMB FastSaver Acc which gives 1.80% P.A.?