Last updated on September 21st, 2021
The CIMB FastSaver used to be everyone’s
favourite fuss-free savings account. However, its interest rates have since dropped. Moreover,
new options such as the SingLife account have emerged. So how does CIMB FastSaver compare with the SingLife Account? Here’s a complete comparison of
what these 2 accounts offer you.
Type of Account
The CIMB FastSaver and the SingLife account are 2 different types of accounts. CIMB FastSaver is a
savings account, while the SingLife Account is an
insurance savings plan.
Different coverage by SDIC
Both of these accounts are covered by the SDIC.
Even though CIMB is a Malaysian bank, it is still one of the scheme members under SDIC. However, their coverage under SDIC will be different.
CIMB FastSaver is covered under the Deposit Insurance Scheme Like other savings accounts, the CIMB FastSaver is covered under the
Deposit Insurance Scheme....
