If you’re looking for a savings account that offers high-interest rates without requiring a large minimum balance, the CIMB FastSaver Account might be the perfect option.
This online savings account is available in Singapore and offers interest rates of up to 3.50% p.a. without any complicated conditions or requirements.

To open a FastSaver Account, you must have a minimum initial deposit of USD1,000 / AUD1,000 / EUR1,000 / GBP1,000 / JPY500,000 / CHF1,000. However, if your average daily balance falls below this amount, there is no fall-below fee. This makes the account an excellent option for those who want to save money without worrying about maintaining a large balance.
With the CIMB FastSaver Account, you can manage your account online and enjoy daily interest/profit paid on the entire daily balance, provided the balance is at least S$1,000 in your account on any given day.
Additionally, there are no monthly fees or charges associated with the account. If you’re looking for a straightforward savings account with competitive interest rates, the CIMB FastSaver Account is worth considering.
Key Takeaways
- The CIMB FastSaver Account offers high-interest rates of up to 3.50% p.a. without any complicated conditions or requirements.
- To open a FastSaver Account, you’ll need to have a minimum initial deposit of USD1,000 / AUD1,000 / EUR1,000 / GBP1,000 / JPY500,000 / CHF1,000, but there is no fall-below fee if your average daily balance falls below this amount.
- The account is an excellent option for those who want to save money without worrying about maintaining a large balance, and there are no monthly fees or charges associated with the account.
CIMB FastSaver Account Minimum Balance: The Account Overview

If you’re looking for a savings account with a high interest rate and no multiple conditions, the CIMB FastSaver Account might be just what you need. This account is a primary savings account that offers competitive interest rates of up to 3.50% p.a. without requiring you to jump through hoops.
CIMB FastSaver Account Minimum Balance: Key Features
The CIMB FastSaver Account is an online savings account that requires a minimum deposit of S$1,000 to open. Once you’ve opened your account, you’ll earn a base interest rate of 1.50% p.a. on the first S$25,000 of your deposit. What’s great is that there’s no need to maintain a minimum balance to earn interest, and there are no fall-below fees, which means you won’t be charged if your account balance falls below S$1,000.
Additionally, the interest rate is tiered, which means the more you save, the higher the interest rate you’ll earn. You can earn up to 3.50% p.a. if you maintain a balance of S$75,000 and above. The interest is calculated daily and credited monthly to your account.
CIMB FastSaver Account Minimum Balance: Account Benefits
The CIMB FastSaver Account is a fuss-free savings account with no multiple conditions. You can easily open and manage your account online without visiting a branch. Moreover, you can withdraw anytime, anywhere, without any penalty fees.
Another great benefit of the CIMB FastSaver Account is its no-frills account. You won’t be charged any account maintenance, transaction, or hidden fees. You’ll only need to pay for interbank transfer fees if you transfer funds to other banks.
In summary, the CIMB FastSaver Account is an excellent option if you’re looking for a primary savings account in Singapore. It’s a straightforward and convenient way to save money with competitive interest rates, no multiple conditions, and no hidden fees.
CIMB FastSaver Account Minimum Balance: Opening a FastSaver Account

If you’re looking for a high-interest savings account in Singapore, CIMB FastSaver is an excellent option. It offers competitive interest rates of up to 3.50%* p.a. with no multiple conditions attached. Here’s what you need to know to open a FastSaver account.
CIMB FastSaver Account Minimum Balance: Eligibility Criteria
To open a FastSaver account, you must meet the following eligibility criteria:
- You must be at least 16 years of age.
- Being a Singaporean, Permanent Resident, or Foreigner would be best.
- You must have a valid Singapore residential address.
- You must have a valid Singapore mobile number.
CIMB FastSaver Account Minimum Balance: Application Process
You can apply for a FastSaver account through CIMB’s online application portal. The process is simple. Here’s a step-by-step guide:
- Visit the CIMB FastSaver account page on the CIMB Singapore website.
- Click on the “Apply Now” button.
- Fill in the online application form with your personal details, such as your name, NRIC/Passport number, and contact information.
- Verify your identity using your SingPass or MyInfo account.
- Set up your CIMB FastSaver account by choosing your account type and initial deposit amount.
- Verify your identity again using your digital token.
- Submit your application.
CIMB FastSaver Account Minimum Balance: Required Documents
To open a FastSaver account, you’ll need to provide the following documents:
- NRIC/Passport.
- Proof of residential address, such as a utility bill or bank statement.
Once you’ve submitted your application and provided the necessary documents, CIMB will process your application and notify you of the status of your account opening.
In summary, opening a CIMB FastSaver account in Singapore is a straightforward process that can be completed online. You must meet the eligibility criteria, provide the required documents, and complete the online application process. With competitive interest rates and no multiple conditions attached, FastSaver is an excellent option for those looking to grow their savings.
CIMB FastSaver Account Minimum Balance: Interest Rates and Returns

If you are looking for a savings account in Singapore that offers high-interest rates without any multiple conditions, the CIMB FastSaver Account might be a great option. In this section, we will take a closer look at this account’s interest rates and returns.
Base Interest Rate
The CIMB FastSaver Account offers a base interest rate of 0.05% p.a. This interest rate applies to all account holders, regardless of their account balance. The base interest rate is calculated daily and credited monthly to your account.
Bonus Interest Rates
In addition to the base interest rate, the CIMB FastSaver Account also offers bonus interest rates. These bonus interest rates are tiered and depend on your account balance. The more you save, the higher your bonus interest rate will be.
For example, if your account balance is between S$1,000 and S$49,999, you can earn a bonus interest rate of 0.50% p.a. If your account balance is S$50,000 or more, you can make a bonus interest rate of 0.80% p.a.
Calculating Your Earnings
To calculate your earnings, you must add the base interest rate and the bonus interest rate applicable to your account balance. For example, if your account balance is S$60,000, your effective interest rate will be:
- Base interest rate: 0.05% p.a.
- Bonus interest rate: 0.80% p.a.
Your effective interest rate will be 0.85% p.a. To calculate your monthly earnings, divide your effective interest rate by 12 and multiply it by your account balance. For example, if your account balance is S$60,000, your monthly earnings will be:
- Effective interest rate: 0.85% p.a. / 12 = 0.07% per month
- Monthly earnings: 0.07% x S$60,000 = S$42
The CIMB FastSaver Account offers competitive interest rates and returns, especially if you maintain a high account balance.
CIMB FastSaver Account Minimum Balance: Account Management

Managing your CIMB FastSaver account is easy and convenient with CIMB Clicks Internet Banking, ATM and Cash Withdrawal, and Account Statements. Here’s what you need to know:
CIMB Clicks Internet Banking
CIMB Clicks Internet Banking is a secure and user-friendly online banking service that allows you to manage your account from anywhere, anytime. You can check your account balance, view your transaction history, transfer funds, and pay bills with just a few clicks. To register for CIMB Clicks Internet Banking, visit the CIMB website and follow the instructions.
ATM and Cash Withdrawal
You can withdraw cash from your CIMB FastSaver account using your ATM card at any CIMB ATM or any ATM with the MEPS or Mastercard network logo. You can also use your ATM card to purchase at merchants accepting MEPS or Mastercard. Please note that withdrawal fees and other charges may depend on the ATM and location.
Account Statements
You can view and download your CIMB FastSaver account statements online via CIMB Clicks Internet Banking. Your statements will include details of your account balance, transactions, and interest earned. You can also opt to receive your statements via email or post.
Managing your CIMB FastSaver account is simple and hassle-free with CIMB Clicks Internet Banking, ATM and Cash Withdrawal, and Account Statements. With these services, you can easily keep track of your account and enjoy the benefits of a high-interest online savings account.
CIMB FastSaver Account Minimum Balance: Fees and Charges

If you’re considering opening a CIMB FastSaver account, you must be aware of the fees associated with the account. While this account is known for its high-interest rates, there are still some costs you should consider.
Fall-Below Fees
One of the great things about the CIMB FastSaver account is that there are no fall-below fees. You won’t be charged any fees if your account balance falls below a certain amount.
Early Account Closure Fee
If you decide to close your CIMB FastSaver account within the first 6 months, you’ll be charged an early account closure fee of S$50. It’s important to remember this if you’re considering opening an account but aren’t sure if you’ll want to keep it open for the long term.
Other Potential Costs
Aside from the fall-below fee and early account closure fee, you should be aware of a few other potential costs. These include fees for a new ATM card (S$10 per card), counter transactions (S$5 per transaction), and foreign currency transactions (1% of the transaction amount).
Overall, the CIMB FastSaver account has relatively low fees compared to other savings accounts in Singapore. However, it’s still important to be aware of these costs to make an informed decision about whether or not this account is correct for you.
CIMB FastSaver Account Minimum Balance: Additional Benefits

In addition to the high-interest rates and minimum balance requirements, the CIMB FastSaver Account has a range of additional benefits that make it an attractive option for Singaporeans looking for a savings account.
CIMB Visa Signature Card Perks
When you open a CIMB FastSaver Account, you can apply for a CIMB Visa Signature Card. This credit card has various benefits and perks that can help you save money and enjoy your everyday life.
Some of the benefits of the CIMB Visa Signature Card include:
- Up to 10% cash back on groceries, dining, and online shopping
- Discounts on travel bookings, including flights, hotels, and car rentals
- Free travel insurance coverage for you and your family
With these perks, you can save on your everyday expenses and enjoy exciting travel opportunities without breaking the bank.
Insurance Options
Another benefit of the CIMB FastSaver Account is the range of insurance options available to account holders. With options for life insurance, health insurance, and more, you can protect yourself and your loved ones from unexpected events and enjoy greater peace of mind.
Some of the insurance options available to CIMB FastSaver Account holders include:
- Life insurance with coverage up to S$1 million
- Health insurance with coverage for hospitalization, surgery, and more
- Personal accident insurance with coverage for accidental death and disability
With these insurance options, you can rest assured that you and your loved ones are protected from unexpected events and have the financial resources you need to recover from setbacks.
Promotional Offers
Finally, the CIMB FastSaver Account also has various promotional offers that can help you save even more money and enjoy exciting rewards. These offers change regularly, so watching the latest promotions is essential to take advantage of the best deals.
Some of the promotional offers that have been available to CIMB FastSaver Account holders in the past include:
- Cashback on online shopping and dining
- Discounts on travel bookings, including flights and hotels
- Bonus interest rates for new account holders
With these promotional offers, you can save money on your everyday expenses and enjoy exciting rewards that make it even more worthwhile to save with CIMB.
Overall, the CIMB FastSaver Account is an excellent option for Singaporeans seeking a high-interest savings account with no minimum balance requirements. With the additional benefits of a CIMB Visa Signature Card, insurance options, and promotional offers, it’s an even more attractive option to help you save money and enjoy your everyday life.
CIMB FastSaver Account Minimum Balance: Comparison with Other Savings Accounts

If you’re looking for a savings account in Singapore, you’ll want to compare the CIMB FastSaver account with other popular options. Here are some of the other savings accounts available in Singapore:
OCBC 360 Account
The OCBC 360 account is a popular choice for those looking for a savings account with a high interest rate. To qualify for the maximum interest rate of 2.45% per annum, you must credit your salary into the account, pay three bills online, and spend a minimum of S$800 on an OCBC credit card. However, if you don’t meet these requirements, you’ll only earn 0.05% p.a. on your savings.
UOB One Account
The UOB One Account is another popular savings account in Singapore. To qualify for the maximum interest rate of 1.85% per annum, you must credit your salary into the account, pay three bills online, and spend a minimum of S$500 on a UOB credit card. However, if you don’t meet these requirements, you’ll only earn 0.05% p.a. on your savings.
DBS Multiplier Account
The DBS Multiplier Account is a savings account that rewards you for banking with DBS. To qualify for the maximum interest rate of 3.00% per annum, you must credit your salary into the account, pay three bills online, and spend a minimum of S$2,000 on a DBS credit card. However, if you don’t meet these requirements, you’ll only earn 0.05% p.a. on your savings.
As you can see, the CIMB FastSaver account is unique because it doesn’t require you to meet any complicated requirements to earn high interest rates. With no fall-below fee and a minimum initial deposit of S$1,000, it’s an excellent option for those who want a no-frills savings account.
CIMB FastSaver Account Minimum Balance: Maintaining Your Account

Congratulations on opening a CIMB FastSaver account in Singapore! Now that your account is set up, it’s essential to know how to maintain it properly. Here are some tips to help you keep your account in good standing.
Minimum Balance Requirements
To keep your CIMB FastSaver account open, maintain a minimum balance of SGD 1,000. You will be charged a fall-below fee if your account falls below this amount. Therefore, monitoring your account balance and ensuring you have enough funds to meet this requirement is essential.
Salary Crediting and Transactions
One way to avoid the fall-below fee is to have your salary credited directly into your CIMB FastSaver account. This will ensure that you have a regular stream of income coming in and can maintain the minimum balance requirement. Additionally, you can make transactions using your CIMB FastSaver account to avoid the fall-below fee.
Account Upgrades and Changes
If you need more features or benefits than your current CIMB FastSaver account offers, you can upgrade to a higher-tier account. CIMB offers a variety of savings accounts with different features and benefits, so be sure to check them out and see if there’s one that fits your needs better. You can also make changes to your account, such as updating your personal information or changing your account type, by contacting CIMB customer service.
In summary, to maintain your CIMB FastSaver account in Singapore, you must keep a minimum balance of SGD 1,000, consider having your salary credited directly into your account, and make transactions using your account. If you need more features or benefits, you can upgrade to a higher-tier account or make changes to your account by contacting CIMB customer service.
CIMB FastSaver Account Minimum Balance: Financial Planning with CIMB FastSaver

If you’re looking for an account that offers a competitive interest rate and low minimum balance requirements, the CIMB FastSaver account is a great option for you. With a minimum initial deposit of just S$1,000, you can start earning interest on your savings right away. In this section, we’ll explore some ways you can use your CIMB FastSaver account to help you achieve your financial goals.
Investment Opportunities
One way to make the most of your savings is by investing them in the right financial products. With CIMB FastSaver, you can earn a competitive interest rate on your savings, which can help you grow your money over time. You can also explore other investment opportunities that are available through CIMB Bank, such as fixed deposits, unit trusts, and more. By working with a financial advisor, you can create a personalised investment portfolio that aligns with your financial goals and risk tolerance.
Managing Emergency Funds
Another important aspect of financial planning is having a solid emergency fund in place. This can help you cover unexpected expenses, such as medical bills or car repairs, without having to dip into your savings or take out a loan. With CIMB FastSaver, you can easily set aside a portion of your savings for emergencies, while still earning interest on your balance. Aim to save at least three to six months’ worth of living expenses in your emergency fund, so you’re prepared for any unexpected financial setbacks.
Loan and Credit Options
If you do need to borrow money, CIMB Bank offers a range of loan and credit options to suit your needs. For example, you can apply for a personal loan to cover major expenses, such as home renovations or education fees. CIMB Bank also offers credit cards with various benefits and rewards, such as cashback, air miles, and more. By using your CIMB FastSaver account as a base for your finances, you can easily manage your loan and credit payments, while still earning interest on your savings.
In conclusion, CIMB FastSaver is a great account for those who want to earn a competitive interest rate on their savings, while still maintaining a low minimum balance. By using your account to invest, manage emergency funds, and access loan and credit options, you can achieve your financial goals and build a strong financial foundation for the future.
Frequently Asked Questions

What’s the excitement about maintaining a minimum balance in a CIMB FastSaver account?
Maintaining a minimum balance in your CIMB FastSaver account is exciting because it allows you to earn interest on your savings. The higher your balance, the more interest you earn. This means that the more you save, the more you can earn. With a CIMB FastSaver account, you can earn interest rates of up to 0.50% p.a. on your savings.
Can you feel the thrill of avoiding fall-below fees with CIMB FastSaver?
Yes, you can! With a CIMB FastSaver account, you can avoid fall-below fees by maintaining a minimum balance of just S$1,000. This means that you don’t have to worry about being charged a fee for having a low balance in your account.
How exhilarating is the interest rate for a CIMB FastSaver Account?
The interest rate for a CIMB FastSaver account is exciting because it is one of the highest in Singapore. With interest rates of up to 0.50% p.a., you can earn more on your savings than with many other savings accounts.
What steps lead to the thrilling opening of a CIMB FastSaver account?
Opening a CIMB FastSaver account is a thrilling experience because it is easy and convenient. All you need to do is visit the CIMB website, fill out the online application form, and provide the required documents. Once your application is approved, you can start saving and earning interest right away.
Is banking with CIMB in Singapore a safe and secure financial adventure?
Yes, it is. CIMB is a reputable bank that is regulated by the Monetary Authority of Singapore (MAS). This means that your money is safe and secure with CIMB. Additionally, CIMB uses advanced security measures to protect your account and personal information.
How does the CIMB FastSaver account compare to the FastSaver I, and what’s the buzz about their differences?
The CIMB FastSaver account and the FastSaver I are similar in that they both offer high interest rates and easy account opening procedures. However, the FastSaver I requires a higher minimum balance of S$5,000 to earn the highest interest rate. Additionally, the FastSaver I is an Islamic savings account that is compliant with Shariah principles.