CIMB FastSaver Account
Ease of online banking
UPDATE: From July 2020, CIMB FastSaver will be changing their interest rates. All the tiers of interest rates according to levels of account balances, will be decreased. The decrease ranges from -.20% to -0.70%. Account balance within the tier of $50,000 - $75,000 will be hit the hardest with a -0.70% decrease in bonus interest rates.
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Before 15 July 2020
After 15 July 2020
- 0.50% p.a.
- 0.70% p.a.
- 0.30% p.a.
- 0.20% p.a.
Base interest per annum is:
Additional Interest Rate Tiers (%) p.a:
Interest Rates (% p.a.)
Revised Interest Rates with effect from 15 July 2020
Update: Before the changes in interest rates, a 1.00% for a minimum amount of $1,000 deposit was one of the reasons that made CIMB FastSaver a crowd favourite. This easy accessibility to a decent interest rate made CIMB FastSaver incredibly attractive; however, with this new revision in interest rates, the benefits of CIMB FastSaver is highly limited.
Similar to previously revised interest rates of other Savings Accounts such as SCB JumpStart, OCBC 360, or the DBS Multiplier, we are holding off making verdicts until the dust has settled.
We are anticipating many other savings accounts to follow suit.
(The assessment below is based on rates prior to the 15 July 2020 rate revision)