CIMB FastSaver Reviews and Comparison - Seedly
CIMB FastSaver
4.4
119 reviews
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Reviews (119)
4.4
Reviews (119)
4.4
  • 5
    71
  • 4
    32
  • 3
    14
  • 2
    1
  • 1
    1

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  • Easiest account to earn 1% with no conditions! Really good for students and retirees who can’t fulfil other conditions to get higher interest
    0 comments
    0
  • Easiest account that earns considerable interest. Fuss free with no criteria to fulfil. Earns 1% on the savings.
    0 comments
    0
  • I got this account for joint account saving. It’s good for force saving and no lock in period. However the interest is not very high
    0 comments
    0
  • Straightforward bank account which makes saving simple. As it does not come with the multiple criteria to earn a higher interest, the rate is lower compared to local banks, up to 1.8% p.a and there is no fall below fee involve. Will stick with the local banks to enjoy better interest.
    0 comments
    0
  • high return in intetest just you deposit S$100K in your account. Insured up to S$75k by SDIC. T&Cs apply. Sign-up gift available. No min. spend. No cashback cap. Up to 5% cashback*.
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    0
  • Not bad good pricing easy to claim good customer service over all good experience will recommend friends
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  • I was once a user however it is not a competitive product in the market given that only 1% interest.
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  • Am using CIMB FastSaver to deposit allowance for my parents / help them save! Customer service is great since not many people use this bank I guess. Only downside is that it is hard to track transaction history and there are not many ATMs around Singapore.
    0 comments
    1
Questions (17)

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CIMB FastSaver

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Answered 6d ago
https://www.cimbbank.com.sg/en/personal/news-and-promotions/promotions/accounts/cimb-fastsaver-referral-programme.html From this link you can get 20$ referral bonus. Pls pm and I can share my name and NRIC if you are sure about opening up bank account. You are welcome to email me [email protected] and I can share my details

Savings

Bank Account

CIMB FastSaver

CIMB

Promo Codes

JD
John Doe
Level 2. Rookie
Updated on 22 Jul 2019
Https://www.cimbbank.com.sg/en/personal/news-and-promotions/promotions/accounts/cimb-fastsaver-referral-programme.html From this link you can get 20$ referral bonus. Pls pm and I can share my name and NRIC if you are sure about opening up bank account.

Savings

Bank Account

CIMB FastSaver

Junus Eu
Junus Eu
Top Contributor

Top Contributor (Sep)

Level 8. Wizard
Answered on 23 Jul 2019
CIMB Fastsaver FTW - because of the straight up 1% with no conditions whatsoever! Another no-frills one is the Citibank Maxigain, but for that I believe the minumum amount was $100k or so.

CIMB FastSaver

CIMB

General

Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 8. Wizard
Answered on 14 Jun 2019
You have to check with the bank directly for this...I believe you can create seperate logins but double confirm with them

Savings

Investments

Credit Card

Bank Account

CIMB

CIMB FastSaver

Tan Wei Ming
Tan Wei Ming
Level 5. Genius
Updated on 07 Jun 2019
One of the best savings account in Singapore! No worries your savings in CIMB is definitely safe because of Singapore Deposit Insurance Scheme. I can't think of any cons except the limited ATMS. What I will do is transferring money from CIMB to OCBC and withdraw from OCBC ATMs. There is no fall below fee for CIMB FastSaver. However, you do not get any interest for the day if the savings for that day is less than $1000.

Savings

Bank Account

CIMB FastSaver

OCBC 360

Personally I use CIMB as it is hassle free.

Savings

CIMB FastSaver

CIMB

Tan Wei Ming
Tan Wei Ming
Level 5. Genius
Answered on 18 May 2019
Know the changes but doesn't impact me because I do not have more than $50k with them. Even if I have $50k, I won't park it in a bank as I can invest for better returns.

CIMB FastSaver

CIMB

Insurance

Investments

Junus Eu
Junus Eu
Top Contributor

Top Contributor (Sep)

Level 8. Wizard
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.

Fixed Deposits

CIMB FastSaver

Savings

Hi anonymous, thanks for your question and sorry for the late reply. I will not repeat the answers given by other members below as they have done a great job. I would only like to add that if you qualify for higher interest accounts such as DBS Multiplier, OUB One or OCBC 360, these accounts give you a higher interest than the accounts you mentioned (say 3.5% p.a.). So you may want to explore them. Have a blessed weekend!

CIMB FastSaver

CIMB

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Answered on 11 Dec 2018
Step 1: Visit any of the CIMB branchs or complete the application form and submit it . Download the CIMB Clicks Internet Banking Service Request Form . Complete the form and mail it back. Step 2: You will receive a CIMB Clicks Activation Code via mail and your chosen Two-Factor Authentication (2FA) via SMS (for SMS-OTP) and/or via mail (for Security Device). The Activation Code and SMS will be sent to you within 5 business days upon our receipt of your application. If you chose the Security Device as your mode of 2FA, it will be mailed to you 3 business days after the mailing of your CIMB Clicks Activation Code. Step 3: After you receive your CIMB Clicks Activation Code, you may perform your First Time Login on CIMB Clicks Internet Banking . You will then be able to create your very own CIMB Clicks ID and password.
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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%)

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

For more information, you can check out their website here and their FAQ here.

Contact Info

Phone Number: +65 6333 7777 (Mon - Sun, 9am - 9pm)