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%)
CIMB FastSaver

CIMB FastSaver

4.4
Write a review

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

95 Reviews
4.4
  • 5
    56
  • 4
    29
  • 3
    10
  • 2
    0
  • 1
    0

CIMB FastSaver Reviews

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  • Alethea Loh
    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
    Ck Chai
    2 Reviews, 22 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
    Wendy Lee
    1 Reviews, 3 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
    Gerry Stinson Lim
    2 Reviews, 5 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
    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 (0)
    2
    0
  • Christopher Tan
    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
    Sharon Chan
    2 Reviews, 3 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
  • Alvin Tay
    Alvin Tay
    2 Reviews, 3 Upvotes
    Posted on 10 Jul 2018
    saving account with almost Fixed Deposit rates, the entry amount is low and can enjoy higher interest rates!
    Comments (0)
    2
    0
  • Clarissa Ooi Yi Yee
    Clarissa Ooi Yi Yee
    2 Reviews, 3 Upvotes
    Posted on 10 Jul 2018
    Good savings account with no strings attached. No need to pay bills or credit salary to get the 1% interest.
    Comments (0)
    2
    0
  • Simon Goh
    Simon Goh
    1 Reviews, 2 Upvotes
    Posted on 10 Jul 2018
    Definitely one of best no-frills savings accounts that gives 1% pa. No salary credit, no minimum credit card spend to contend with. Ideal for temporary deposit of funds above typical savings interest rate.
    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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