facebookCIMB FastSaver revising their interest rates as well... From 0.50% to 0.30% for the first $50k.... Any thoughts? - Seedly

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Anonymous

01 Oct 2020

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Saving Hacks

CIMB FastSaver revising their interest rates as well... From 0.50% to 0.30% for the first $50k.... Any thoughts?

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Most of the banks have been reviewing their interest rates ever since Covid-19 hit financial service badly.

Singlife which hasn't adjust their non-guaranteed interest as quickly as banks do, have re-optimise their interest to 2% for the first 10k and following 90k at 1% starting from 1st Nov 2020.

Personally, I think that it would be wise for you to park your savings into Singlife or Standard Chartered Jumpstart account if you are below 26 Y/O (1% for first 20k) as both offer FAST transfer but Singlife would take up to 3 hours for transfers.

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