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