CIMB FastSaver Reviews and Comparison - Seedly
 

CIMB FastSaver

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  • Reviews (130)
  • Questions (21)
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CIMB FastSaver

Up to 1.8% p.a.
INTEREST RATES
$1,000
MINIMUM INITIAL DEPOSIT
$1,000
MIN. AVE DAILY BALANCE

    CIMB FastSaver

    Up to 1.8% p.a.
    INTEREST RATES
    $1,000
    MINIMUM INITIAL DEPOSIT
    $1,000
    MIN. AVE DAILY BALANCE
Reviews (130)

4.5

130 Reviews

  • 5
    79
  • 4
    35
  • 3
    14
  • 2
    1
  • 1
    1

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hassle free

internet banking

salary credit

good account

open account

user friendly

credit card

transfer money

minimum balance

fast transfer

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  • Posted 2w ago

    Purchased

    CIMB FastSaver

    Best easy no frills account. Used this account to park my savings there, without the convenience of ATM's being all around that was great.
    0 comments
    0
  • Best no-hoop savings account (other than the new kid Jumpstart). Good if you are a student or have exceeded your salary-crediting account.
    0 comments
    0
  • 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 Only downside is that it is hard to track transaction history because their online banking portal and app are really outdated and there are not many ATMs around Singapore.
    0 comments
    1
  • One of the best no-hoop savings accounts with 1% interest rate (min of $1000). Used as my secondary saving account.
    0 comments
    0
  • Straightforward, no frills - just stash and forget if one has additional cash to put asides, this can be a good option to earn 1%.
    0 comments
    0
Questions (21)

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CIMB FastSaver

Savings

Seedly

Bank Account

Junus Eu
Junus Eu
Top Contributor

Top Contributor (Nov)

Level 9. God of Wisdom
Answered 4d ago
Out of curiosity, why not put it in Citi Maxigain for step up interest?

Savings

Bank Account

OCBC 360

CIMB FastSaver

OCBC

CIMB

Hi Anon, When you log in to your OCBC internet banking and go to your account details, you'll see a "Average daily balance increase vs. last month". As long as this amount is at least $500, you will get the step up bonus. So time your transaction from OCBC to CIMB carefully. To be safe, aim to increase your OCBC balance by around $600 a month, as I've found out the hard way that trying to increase it by exactly $500 is almost impossible; the problem lies with the fact that OCBC calculates average daily balance and reports the number to you, I can never find a way to get the number I see. Hence i figured I'll just increase my balance by at least $600 a month to avoid the problem.

CIMB FastSaver

Singapore Saving Bonds (SSB)

Savings

Family

SSB I think too much admin as you would need to do monthly purchase. For Maxigain - it does have a min. of 70k for the bonus interest (which you highlighted but still leaning?), so I would actually think CIMB is better You might find the article below helpful as a broader comparison as well: https://blog.seedly.sg/best-savings-accounts-singapore

Savings

Bank Account

CIMB FastSaver

Standard Chartered

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!

CIMB FastSaver

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered on 09 Oct 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. 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 (Nov)

Level 9. God of Wisdom
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

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.
Load more questions

How to maximise the interest rate for CIMB FastSaver Savings Account?

Base interest rate(%) p.a.

The base interest per annum for the CIMB FastSaver Savings Account is 1% for the first S$50,000 in Balances.

Additional Interest Rate Tiers (%) p.a.

1.50% p.a. from above S$50,000 to S$75,000 in Balances.

1.80% p.a. from above S$75,000 to S$100,000 in Balances.

The interest rate is reduced to 0.6% for Account Balances above S$100,000.

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)