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Features & Benefits

Competitive Rates
No Multiple Conditions
Instant Funds Transfers
Additional Features

Interest Rates

Sign up and enjoy flat 3.50%** p.a. interest rate from your 1st dollar till 30 September 2024 with NO cap on interest earned and NO lock-in period!

 

To qualify for this promotion,

  1. Open your account from 1 to 31 July 2024.
  2. Deposit and maintain a minimum of S$5,000 in fresh funds#.

 

Moreover, credit your salary or set up scheduled recurring transfers (Standing Instructions via GIRO) of minimum S$1,000 into your CIMB FastSaver Account to earn additional interest rate of 0.50%^ p.a. on the first S$25,000 of your CIMB FastSaver Account balance.

 

Account Balance

Prevailing Interest Rate (p.a.)*

Bonus Interest Rate (p.a.)** Total Interest Rate (p.a.)** Additional Interest Rate (p.a.)^
when you credit your salary or schedule a recurring transfer (Standing Instruction via GIRO) of min. S$1,000

First S$25,000

1.50%

2.00% 3.50%

0.50%^

Click here for details

Next S$25,000

2.50%

1.00% -
Next S$25,000 3.50% 0.00% -

Above S$75,000

0.80%

2.70% -

 

Sign up for an account here.

 

Earn a flat interest rate of 3.50%** p.a. till 30 September 2024 by simply topping up a minimum of S$5,000 incremental fresh funds# (compared to month-end balance of 30 June 2024) into your account from 1 to 31 July 2024.

 

Moreover, credit your salary or set up scheduled recurring transfers (Standing Instructions via GIRO) of minimum S$1,000 into your CIMB FastSaver Account to earn additional interest rate of 0.50%^ p.a. on the first S$25,000 of your CIMB FastSaver Account balance.

 

Account Balance

Prevailing Interest Rate (p.a.)*

Bonus Interest Rate (p.a.)** Total Interest Rate (p.a.)** Additional Interest Rate (p.a.)^
when you credit your salary or schedule a recurring transfer (Standing Instruction via GIRO) of min. S$1,000

First S$25,000

1.50%

2.00% 3.50%

0.50%^

Click here for details

Next S$25,000

2.50%

1.00% -
Next S$25,000 3.50% 0.00% -

Above S$75,000

0.80%

2.70% -

 

To top up your account, either FAST in your funds from another bank account, or fill in our Monthly Funds Transfer Application Form here

How To Apply

Step 1 - Apply Now (MyInfo Available)

Apply for CIMB FastSaver Account here

 

 

A Shariah-compliant equivalent, CIMB FastSaver-i Account, is available here.

Step 2 - Account Activation

For MyInfo application, the account will be automatically activated within 5 business days if no further review or follow up is required, subject to the Bank’s approval1.

 

 

For Non-Myinfo application, please FAST in from your single personal account with another bank in Singapore1 or from your own CIMB Malaysia Account 

Step 3 - Access Your Account

Access your account by downloading our "CIMB Clicks Singapore" Mobile App2 to set up your Digital Token.

 

Find out more here.

Promotions

Eligibility

  • Fuss-free online savings account with low initial deposit & high interest rate of up to 3.5%* p.a.
  • Minimum Age: 16 Years Old

Requirements

Minimum Initial Deposit

S$1,000

 

For Single Account

1. Log in to your other bank’s internet banking service and add your new CIMB account as a favourite payee.

2. Transfer funds via FAST from your individual account to your CIMB account.

 

For Joint Account

1. You and your joint account partner have to log in to your respective other bank’s internet banking service and add your new joint CIMB account as a favourite payee.

2. Transfer funds via FAST from each of your individual accounts to your joint CIMB account.

Documents Required

For Singaporeans/PRs and Malaysians Residing In Singapore

1. Copy of NRIC/Passport

2. Proof of residential address if the residential address in the application differs from the ID document (e.g. any latest telephone bill, bank statement or letter issued by the government)

 

For Foreigners

1. Passport

2. Proof of residential address (e.g. any latest telephone bill, bank statement or letter issued by the government)

3. Supporting documents to be provided (Employment Pass, Work Permit, Dependant’s Pass and Student Pass)

Terms & Conditions

 

*Interest accrued daily and credited monthly. Daily interest will be paid on the entire daily end-of-day balance, provided that the prevailing interest earned is at least $0.01 at the end of the month.

 

**Terms and conditions governing the CIMB Current/Savings Account Interest/ Profit Promotion 2024 apply, please click here for details. For Existing Customers who participated in June 2024, please click here for the full terms and conditions.

 

#Fresh funds refers to funds that do not originate from any existing account with the Bank.

 

^Terms and conditions governing the CIMB Fastsaver/FastSaver-i Salary Crediting and Savings Promotion 2024 apply. Please click here for the full terms and conditions.

 

1CIMB retains the discretion, without the obligation to provide any reason, to request a discretionary first-party fund-in (of an amount determined at its absolute discretion) for selected applications for current/savings account. Initial deposit will be refunded to the originating account in the event deposit application is unsuccessful. Please expect a longer turnaround time in receiving the refund of the initial deposit if initial deposit was not sent using the accepted methods as stated above.If the originating account is not under the CIMB deposit applicant’s name, any request to refund the initial deposit to the applicant’s personal account requires a documentary proof i.e. bank statement. All incidental charges and foreign exchange arising from the refund will be borne by the customer. An indemnity form may be required to be completed by the applicant before any refund can be processed. 

 

2 Download our "CIMB Clicks Singapore" Mobile App to set up your Digital Token. Find out more here.

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

 

Frequently Asked Questions (FAQ)

How do I apply for CIMB FastSaver account?

As CIMB FastSaver is an online savings account with high interest rate, you can apply for the account online with MyInfo in less than 10 minutes.

 

Upon successful application, you will be instantly notified of your new CIMB FastSaver account number with the information displayed onscreen, as well as via email.

What must I do after receiving my CIMB FastSaver account number?

New-to-Bank Customers

Existing Bank Customers

You are required to activate your CIMB FastSaver account after receiving your new account number. You can do so by transferring a minimum initial deposit of S$1,000 via FAST (Fast and Secure Transfers) from your account with another bank into your CIMB FastSaver account using Internet banking:

 

- For Individual Account Holder: do a funds transfer via FAST from your personal account (i.e. the account must bear your name only) with another bank in Singapore.
 

- For Joint Account Holders: do a funds transfer via FAST from the respective applicant’s personal account (i.e. the respective account must bear the individual name only) with another bank in Singapore.

 

Please note that your CIMB FastSaver account cannot be activated if the minimum initial deposit is funded by a 3rd-party account that does not bear the name of the individual account holder or the respective name of the joint account holders.

You can activate your CIMB FastSaver account by transferring the initial deposit of S$1,000 from your CIMB Bank Singapore Savings and/or Current Account using CIMB Clicks.

How do I deposit into or withdraw funds from CIMB FastSaver?

Given this is an online savings account, you are encouraged to conduct your day-to-day banking transactions conveniently from the comfort of your home or on the move via CIMB Clicks Internet Banking or Clicks on Mobile (via the CIMB Clicks Singapore app on iPhone or Android). If you do not have a CIMB Clicks account yet, you may apply for this free service here.

 

There will be charges imposed if you choose to deposit or withdraw funds via other channels:

Depositing into CIMB FastSaver

Channel Fees & Charges
Via CIMB Clicks Internet Banking Free
Via Quick Cheque Deposit Box at the branch
Free
Over the branch counter S$5 per counter transaction

Withdrawing from CIMB FastSaver

Channel Fees & Charges

Via Internet Banking

Free

Via ATM

S$10 (one-time) for application of a new ATM card and/or S$10 (one-time) for linking of CIMB FastSaver account to existing CIMB ATM Card.

Over the branch counter S$5 per counter transaction

What should I consider when applying for CIMB FastSaver account?

As CIMB FastSaver is designed for the digitally-savvy working professionals and is intended to free customers from the hassle of going to the branch and provide high interest for savings at the same time , do consider the following factors before applying for this online savings account:

 

  • For validation purpose, the CIMB FastSaver account can only be activated when the customer transfers the minimum initial deposit to this online account via FAST (Fast and Secure Transfers) from his/her savings/current account with another bank in Singapore.
  • As this is a fully online account, customers are encouraged to perform your banking transactions from wherever you are without having to step into the branch. We impose charges for issuing new ATM card, linking of CIMB FastSaver to existing ATM card and over-the-counter transactions at the branch. (For more information, please refer to the Complete List of Fees and Charges.)
  • To access CIMB FastSaver account information, having a CIMB Clicks Internet Banking account is necessary. This free service can be applied here at the same time when you apply for CIMB FastSaver.
  • Unlike current accounts such as CIMB StarSaver, CIMB FastSaver is a savings account and does not offer cheque books.
  • Given the nature of this account, there will also be neither passbook nor paper statements issued to customers. Customers can access their CIMB FastSaver account details conveniently via CIMB Clicks. A PDF electronic statement of the account can also be downloaded from CIMB Clicks Internet Banking.

Why Choose CIMB for High Interest Savings Accounts?

Our high interest savings accounts are designed to help you grow your savings more quickly while providing easy access to your funds. With no lock-in period or monthly fees, you can withdraw or deposit funds anytime without any hassle.

 

At CIMB Singapore, we are committed to providing our customers with savings account solutions that best cater to their diverse financial needs. Whether you're looking for a basic savings account, such as our CIMB FastSaver (Savings) account, CIMB StarSaver (Savings) account or a more complex savings solution for foreign currencies, like our CIMB Foreign Currency Savings Account, we have a range of options to suit your requirements. Alternatively, you may consider our Shariah-compliant CIMB FastSaver-i Account, that also allows you to receive one of the highest profit rate.

 

Explore our range of innovative and convenient financial products besides savings accounts, including loans, credit cards, investments, and insurance products. Our products are designed to cater to your unique financial needs and help you achieve your financial goals. Plus, with attractive promotions and deals, there has never been a better time to bank with CIMB.