CIMB FastSaver

CIMB FastSaver

4.4
(103)
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Ratings Breakdown (103)

4.4
  • 5
    62
  • 4
    29
  • 3
    11
  • 2
    0
  • 1
    1
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
Reviews (103)
Q&A (15)
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  • Alvin Lim
    Alvin Lim
    4 Reviews, 4 Upvotes
    Reviewed on 10 Jan 2019
    Decent interest of 1.0% p.a. and pretty no brainer account but I'm letting go to move to HL Finance Fixed Savings Account to earn the 1.65% p.a. just by doing a monthly GIRO amount.
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  • Ho Jia Xuan
    Ho Jia Xuan
    1 Reviews, 14 Upvotes
    Reviewed on 10 Jan 2019
    Not much requirement needed to earn maximum interest for students as compared to normal savings account ffrom OCBC, DBS & UOB.
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  • Stella Tan
    Stella Tan
    1 Reviews, 9 Upvotes
    Reviewed on 10 Jan 2019
    Best account for students, fuss free with not much restrictions. Plan to use it with POSB Cashback when i start working.
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  • Sodt Derek
    Sodt Derek
    2 Reviews, 2 Upvotes
    Reviewed on 20 Oct 2018
    I just this account for a simple but yet higher interest of 1% p.a (compare with other bank accounts out there) joined account with my fiancée. No complicated terms and condition. You can create a standing order on POSB/DBS to auto credit a certain amount into the CIMB account.
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  • tb
    tb
    1 Reviews, 4 Upvotes
    Reviewed on 05 Oct 2018
    One star purely for their digital services and customer service. Their website and app are terrible. Really outdated interface that usually just doesn't work and have to try later in the day. Most recently, I tried logging into internet banking, and the site doesn't recognise the OTP from their own security device. Customer service hotline shuttled me around to different people, before someone told me in the middle of our call that they are experiencing high call volume and someone will have to call me back... Take your money to a bigger name bank and save yourself the hassle.
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  • Yong Kah Hwee
    Yong Kah Hwee
    10 Reviews, 748 Upvotes
    Reviewed on 23 Sep 2018
    Good for someone without income. No requirements to fulfil, and no fall below fees. Much better than a normal savings account!
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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

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)