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Regulations & Policies

Important Notice:

Revision of Interest/Profit Rates For Singapore Dollar (SGD) Deposit Accounts from 1 October 2024

 

Dear Valued Customers,

 

With effect from 1 October 2024, there will be a revision to the prevailing rates for the following SGD Deposit Accounts. 

 

1. CIMB FastSaver/FastSaver-i Account

CURRENT RATES     RATES EFFECTIVE FROM 1 OCTOBER 2024 ONWARDS
Account Balance Interest/ Profit Rates (p.a.) Account Balance
Interest/ Profit Rates (p.a.)
First S$25,000 1.50% First S$25,000
1.19%
Next S$25,000 2.50% Next S$25,000
2.19%
Next S$25,000 3.50% Next S$25,000
3.30%
Above S$75,000 0.80% Above S$75,000
0.80%

 

2. CIMB StarSaver/StarSaver-i/StarSaver (Savings)/StarSaver (Savings)-i Account

CURRENT RATES     RATES EFFECTIVE FROM 1 OCTOBER 2024 ONWARDS
Account Balance Interest/ Profit Rates (p.a.) Account Balance
Interest/ Profit Rates (p.a.)
First S$100,000 1.50%/ 1.55%* First S$100,000
1.19%/ 1.24%*
Next S$150,000 2.50%/ 2.55%* Next S$150,000
2.19%/ 2.24%*
Above S$250,000 3.50%/ 3.55%* Above S$250,000
3.30%/ 3.35%*

*Applicable to customers who opened their CIMB StarSaver Accounts before 1 September 2010 only. 

 

3. CIMB Junior Saver Account

CURRENT RATES     RATES EFFECTIVE FROM 1 OCTOBER 2024 ONWARDS
Account Balance Interest/ Profit Rates (p.a.) Account Balance
Interest/ Profit Rates (p.a.)
First S$5,000 1.50% First S$5,000
1.19%
Next S$20,000 2.50% Next S$20,000
2.19%
Next S$25,000 3.50% Next S$25,000
3.30%
Above S$50,000 0.80% Above S$50,000
0.80%

 

 

Terms and Conditions Governing the Operations of Deposits Accounts apply. Please visit here for details. 

 

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)

 

1. Why is CIMB revising interest/profit rates again?

In the recent months, SGD (SORA) interest rates have been dipping. Amidst of this environment, we are making slight revisions in our SGD Deposit Accounts with effect from 1 October 2024.

 

2. Does the revision in interest/profit rates apply to existing accounts also?

This revision applies to all new and existing CIMB Savings and Current accounts with effect from 1 October 2024.

 

3. Will the Bank be revising the interest/profit rates upwards when things get better?

We will review the interest/profit rates again when the market improves.  Please be assured that we remain committed to offer our customers competitive rates.

 

4. How will we be communicating to customers?

 We will be communicating to customers via the following channels:

  • Website / Branch Notice
  • Clicks Push Notification / eDM / SMS
  • Statement Message