FAQ 137: What’s the difference between CIMB Islamic’s Fastsaver-i and Starsaver-i?

Comparing Fastsaver-i and Starsaver-i: Returns and Features Overview #


if you look at returns, the Fast Saver-i is better in terms of profit (hibah), provided you have more than $10,000.

Here are the differences in terms of returns:

Initial 100k Cumulative In batches Fastsaver-I (main page) Your money after 1y Starsaver-i Your money after 1y
10,000 10,000 0.015 10,150 0.015 100,000
10,000 + 15,000 = 25,000 15,000 0.015 15,225
10,000 + 15,000 + 25,000 =50,000 25,000 0.025 25,625
10,000 + 15,000 + 25,000 + 25,000 = 75,000 25,000 0.035 25,875
10,000 + 15,000 + 25,000 + 25,000 + 25,000 =100,000 25,000 0.008 0.008
Money 1y:   102,075   101,500
Difference:

102075 – 101500 = 575

In terms of the differences in its features:

  Fastsaver-i Starsaver-savings-i
Min initial Deposit 1000 1000
min amt to earn profit 1000 1000
Fall below fee Not Applicable Not Applicable
Early acc closure 50 50
Excess limit fee Not Applicable Not Applicable
Internal funds transfer Free Free
Monthly acc fee Free Free
Counter transaction 5 No
ATM Card S$10 Yes
PayNow ✅ ✅
Link to CIMB WWFD-I? ✅ ✅
To get 4.2% ✅ No

So, in essence, the Fastsaver-i is very much a digital focused bank account with better returns than the Starsaver-i but with fees on counter transactions and the ATM card.

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