CIMB FastSaver

CIMB FastSaver

4.4
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More about CIMB FastSaver
Min Rate0.6%
Max Rate1%
Min Initial Deposit$1,000
Interest TiersBased on account balance (first $50k at 1%, above $50k at 0.6%)

More About CIMB FastSaver

Min Rate0.6%
Max Rate1%
Min Initial Deposit$1,000
Interest TiersBased on account balance (first $50k at 1%, above $50k at 0.6%)

Ratings Breakdown

98 Reviews
4.4
  • 5
    58
  • 4
    29
  • 3
    11
  • 2
    0
  • 1
    0

Reviews

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  • Nicholas Chan
    2 Reviews, 53 Upvotes
    Posted on 16 Sep 2018
    I used it previously. Was good when interest rates were low, now 1% is not really competitive with rates rising...
    Comments (0)
    1
    0
  • Gabriel Lee
    10 Reviews, 139 Upvotes
    Posted on 01 Sep 2018
    Best savings account for extra cash, 1% interest with no requirements like salary credit or minimum spending. Applying for the account can be easily done online, just need 1 working day for account activation after transfering initial deposit of $1k. However, iBanking interface and app needs some improvement
    Comments (0)
    1
    0
  • Tan Ying Quan
    3 Reviews, 3 Upvotes
    Posted on 21 Jul 2018
    *My review is specific to its joint account application process. Overall, the process was intuitive, user friendly, and sleek! Took less then 15mins to setup my joint account :)
    Comments (0)
    0
    0
  • Alethea Loh
    2 Reviews, 2 Upvotes
    Posted on 11 Jul 2018
    Great interest rate for a savings accounts! Fuss-free, simply & easy to open online within 10 minutes. Highly recommended for users who do not wish to lock in the funds for a period of time with higher interest as compared to other savings accounts!
    Comments (0)
    1
    0
  • Ck Chai
    2 Reviews, 48 Upvotes
    Posted on 11 Jul 2018
    Fuss free account which can be opened online. 1% interest with no strings attached. The limited nos of branches / ATM make it not as accessible as the local banks but in a way is better for saving coz withdrawing is inconvenient as long as you chunk aside your ib device.
    Comments (0)
    0
    0
  • Wendy Lee
    1 Reviews, 2 Upvotes
    Posted on 10 Jul 2018
    Great accounts and fuss free applying, simply apply online with just a click away. 1% p.a. interest for first dollar up to S$50,000, as long as a minimum S$1000 is maintained in the CIMB FastSaver account on any given day. For remaining balance above S$50,000, an interest rate of 0.6% p.a. shall apply.
    Comments (0)
    2
    0
  • Gerry Stinson Lim
    2 Reviews, 3 Upvotes
    Posted on 10 Jul 2018
    It's a great account, fuss-free and simple to understand! I like that it's easy to set up an account too.The process could be better improved in the sense that they could pre-empt questions and set pop-up answer boxes along the way so we could fill up the form more easily.
    Comments (0)
    2
    0
  • Christopher Chong
    2 Reviews, 3 Upvotes
    Posted on 10 Jul 2018
    Fastsaver as it name suggests, is really fast, simple and no frills for savers. You get that high interest monthly without any min period of holding or complicated terms and conditions. It is a good account for holding excess cash balances instead of putting in measly 0.05% saving accounts
    Comments (1)
    2
    0
  • Christopher Tan
    1 Reviews, 2 Upvotes
    Posted on 10 Jul 2018
    Very useful tool to keep your funds flexible. 1% no frills interest rate for the 1st 50K. Able to set aside money on a monthly basis and watch it grow!
    Comments (0)
    2
    0
  • Sharon Chan
    3 Reviews, 4 Upvotes
    Posted on 10 Jul 2018
    Do not need to be tied up by fixed deposits and yet enjoy high interest without any hipcup. Awesome plan
    Comments (0)
    2
    0
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How to maximise the interest rate for CIMB FastSaver Savings Account?

Base interest rate(%) p.a.

The base interest rate per annum for CIMB FastSaver savings account is 1% for the first S$50,000 in the account.

The interest rate is reduced to 0.6% for account balance above S$50,000.

Terms and fees for CIMB FastSaver Savings Account

  • Initial deposit: S$1,000
  • Citizenship status: Singaporeans, PRs and foreigners
  • Minimum age to open account: 16
  • Minimum Average Daily Balance: S$1,000
  • Fall below fee: None
  • Early closure fee: S$50 if below 6 months

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