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Features & Benefits

Multi-Currency Multiple Ways To Transact Free E-Statements
Multi-Currency
Multiple Ways To Transact
Free E-Statements

USD Bonus Interest Promotion

Enjoy flat 4.00%^ p.a. USD bonus interest rate till 31 December 2024!

 

To qualify for this promotion:

  1. Open and activate your Foreign Currency Savings Account (USD) before 31 December 2024
  2. Deposit and maintain a minimum of US$5,000 in fresh funds^

 

Important Notes:

  • Bonus interest will be given for account balance up to US$3,000,000 only
  • Account balances exceeding that shall earn prevailing interest of 1.50% p.a.

 

Account Balance

Prevailing Interest Rate (p.a.)*

Bonus Interest Rate (p.a.)^

Total Interest Rate (p.a.)^

inclusive of prevailing interest rate

First US$50,000

0.50%

3.50% 4.00%

Next US$100,000

1.00%

3.00%
Above S$150,000 1.50%

2.50%

(for account balance capped at US$3,000,000)

Click to see the illustration on the calculation of the bonus interest

 

  1. Comparison month refers to end-of-day balance on 30 September 2024
  2. To qualify for bonus interest for the current month, month-end incremental balance for the current month needs to be more than US$5,000 in fresh funds^ compared against the comparison month end-of-day balance.

 

Date

End-of-Day

Balance

Month-End

Balance

Prevailing Interest

Paid on the last day of each month

Bonus Interest

Total Interest

30 September 2024

(Comparison Month)

US$0

US$0

-

-

-

1 – 20 October 2024

 

 

21 - 31 October 2024

US$1,000

 

 

US$15,000

US$1,000

 

 

US$15,000

US$1,000 x 0.50% / 365 x 20 days = US$0.27

 

 

US$15,000 x 0.50% / 365 x 11 days = US$2.26

N.A.***

 

 

 

 

US$15,000 x 3.50% / 365 x 11 days = S$15.82

US$0.27

 

 

 

 

US$18.08

1 – 20 November 2024

 

 

21 – 30 November 2024

US$10,000

 

 

US$4,000

US$10,000

 

 

US$4,000

US$10,000 x 0.50% / 365 x 20 days = S$2.73

 

 

US$4,000 x 0.50% / 365 x 10 days = S$0.54

 

N.A.****

US$2.73

 

 

US$0.54

1 – 31 December 2024

US$20,000

US$20,000
US$20,000 x 0.50% / 365 x 31 days = US$8.49

US$20,000 x 3.50% / 365 x 31 days = US$59.45

US$67.94

 

*** Daily Incremental Balance must be minimally US$5,000

**** Month-end Incremental Balance must be minimally US$5,000

How To Apply

Step 1 - Apply For A CIMB FastSaver Account

Apply through MyInfo.

 

A Shariah-compliant equivalent, CIMB FastSaver-i Account, is available here.

Step 2 - Complete Your Account Opening

Please FAST in the initial deposit of S$1,000 from your single personal account with another bank in Singapore1 or from your own CIMB Malaysia Account.

 

A video call might be conducted for the purpose of account verification.

 

Your account will be opened within 7 business days if no further review or follow up is required, subject to the Bank’s approval1.

Step 3 - Apply For A Foreign Currency Savings Account (USD)

Access your account by downloading our 'CIMB Clicks Singapore' mobile app2 to set up your Digital Token.

 

Log on to CIMB Clicks Singapore mobile app > select 'Apply & Services' > 'Apply for Deposits' > 'Savings Accounts' > 'CIMB Foreign Currency - USD' > 'Apply Now'

If you HAVE an existing Foreign Currency Savings Account (USD)

 

To qualify for this promotion:

  1. Top up a minimum of US$5,000 incremental fresh funds^ (compared to month-end balance) into your account

 

Important Notes:

  • Bonus interest will be given for account balance up to US$3,000,000 only
  • Account balances exceeding that shall earn prevailing interest of 1.50% p.a.

 

Account Balance

Prevailing Interest Rate (p.a.)*

Bonus Interest Rate (p.a.)^

Total Interest Rate (p.a.)^

inclusive of prevailing interest rate

First US$50,000

0.50%

3.50% 4.00%

Next US$100,000

1.00%

3.00%
Above S$150,000 1.50%

2.50%

(for account balance capped at US$3,000,000)

 

Illustration on the calculation of the bonus interest:
  1. Comparison month refers to end-of-day balance on 30 September 2024
  2. To qualify for bonus interest for the current month, month-end incremental balance for the current month needs to be more than US$5,000 in fresh funds^ compared against the comparison month end-of-day balance

 

Date

End-of-Day

Balance

Month-End

Balance

Prevailing Interest

Paid on the last day of each month

Bonus Interest

Total Interest

30 September 2024

(Comparison Month)

US$1,000

US$1,000

-

-

-

1 - 20 October 2024

 

 

21 - 31 October 2024

US$4,000

 

 

US$15,000

US$4,000

 

 

US$15,000

US$4,000 x 0.50% / 365 x 20 days = US$0.27

 

 

US$15,000 x 0.50% / 365 x 11 days = US$2.26

N.A.***

 

 

 

US$14,000 x 3.50% / 365 x 11 days = US$14.76

US$0.27

 

 

 

US$17.02

1 – 20 November 2024

 

 

21 – 30 November 2024

US$10,000

 

 

US$4,000

US$10,000

 

 

US$4,000

US$10,000 x 0.50% / 365 x 20 days = US$2.73

 

 

US$4,000 x 0.50% / 365 x 11 days = US$0.54

 

N.A.****

US$2.73

 

 

US$0.54

1 – 31 December 2024

US$20,000

US$20,000
US$20,000 x 0.50% / 365 x 31 days = US$8.49

US$19,000 x 3.50% / 365 x 31 days = US$56.47

US$64.96

 

*** Daily Incremental Balance must be minimally US$5,000

**** Month-end Incremental Balance must be minimally US$5,000

If you DO NOT HAVE a Foreign Currency Savings Account (USD)

 

To qualify for this promotion:

  1. Open and activate your Foreign Currency Savings Account (USD) before 30 September 2024
  2. Deposit and maintain a minimum of US$5,000 in fresh funds^

 

Important Notes:

  • Bonus interest will be given for account balance up to US$3,000,000 only
  • Account balances exceeding that shall earn prevailing interest of 1.50% p.a.

Account Balance

Prevailing Interest Rate (p.a.)*

Bonus Interest Rate (p.a.)^

Total Interest Rate (p.a.)^

inclusive of prevailing interest rate

First US$50,000

0.50%

3.50% 4.00%

Next US$100,000

1.00%

3.00%
Above S$150,000 1.50%

2.50%

(for account balance capped at US$3,000,000)

 

Illustration on the calculation of the bonus interest:
  1. Comparison month refers to end-of-day balance on 30 September 2024
  2. To qualify for bonus interest for the current month, month-end incremental balance for the current month needs to be more than US$5,000 in fresh funds^ compared against the comparison month end-of-day balance

 

Date

End-of-Day

Balance

Month-End

Balance

Prevailing Interest

Paid on the last day of each month

Bonus Interest

Total Interest

30 September 2024

(Comparison Month)

US$0

US$0

-

-

-

1 – 20 October 2024

 

 

21 - 31 October 2024

US$1,000

 

 

US$15,000

US$1,000

 

 

US$15,000

US$1,000 x 0.50% / 365 x 20 days = S$0.27

 

 

US$15,000 x 0.50% / 365 x 11 days = S$2.26

N.A.***

 

 

 

 

 

US$15,000 x 3.50% / 365 x 11 days = US$15.82

US$0.27

 

 

 

 

US$18.08

1 – 20 November 2024

 

 

21 – 30 November 2024

US$10,000

 

 

US$4,000

US$10,000

 

 

US$4,000

US$10,000 x 0.50% / 365 x 20 days = US$2.73

 

 

US$4,000 x 0.50% / 365 x 10 days = US$0.54

 

N.A.****

US$2.73

 

 

US$0.54

1 – 31 December 2024

S$20,000

S$20,000
US$20,000 x 0.50% / 365 x 31 days = US$8.49

US$20,000 x 4.50% /365 x 31 days = US$59.45

US$67.94

 

*** Daily Incremental Balance must be minimally US$5,000

**** Month-end Incremental Balance must be minimally US$5,000

How To Apply

Log on to 'CIMB Clicks Singapore' mobile app > select 'Apply & Services' > 'Apply for Deposits' > 'Savings Accounts' > 'CIMB Foreign Currency - USD' > 'Apply Now'

Eligibility

Transactional account that lets you invest, trade, pay & receive funds in 6 currencies such as USD, AUD, CHF, EUR, GBP and JP

Rates & Charges

Minimum Initial Deposit

  • USD 1,000

  • EUR 1,000
  • CHF 1,000

  • GBP 1,000

  • AUD 1,000

  • JPY 500,000

Documents Required For Application

 

For Singaporeans/PRs and Malaysians Residing in Singapore

1. Copy of NRIC or Passport

2. Proof of residential address if the residential address in the application differs from the ID document (e.g.any latest telephone bill, bank statement or letter issued by the government)

For Foreigners

1. Passport

2. Proof of residential address (e.g. any latest telephone bill, bank statement or letter issued by the government)

3. Supporting documents to be provided (Employment Pass, Work Permit, Dependant’s Pass and Student Pass)

Terms & Conditions

 

*Interest accrued daily and credited monthly. Daily interest will be paid on the entire daily end-of-day balance, provided that the prevailing interest earned is at least US$0.01 at the end of the month.

 

^Applies to customers who does not have any single/joint Foreign Currency Savings Account (USD) in the past twelve months, prior to the promotion period. Fresh funds refers to funds that do not originate from any existing USD account with the Bank. Other Terms and conditions governing the CIMB USD Foreign Currency Savings Account 4.00% Bonus Interest Promotion October 2024 apply. Please click here for the full terms and conditions.

 

1CIMB retains the discretion, without the obligation to provide any reason, to request a discretionary first-party fund-in (of an amount determined at its absolute discretion) for selected applications for current/savings account. Initial deposit will be refunded to the originating account in the event deposit application is unsuccessful. Please expect a longer turnaround time in receiving the refund of the initial deposit if initial deposit was not sent using the accepted methods as stated above.If the originating account is not under the CIMB deposit applicant’s name, any request to refund the initial deposit to the applicant’s personal account requires a documentary proof i.e. bank statement. All incidental charges and foreign exchange arising from the refund will be borne by the customer. An indemnity form may be required to be completed by the applicant before any refund can be processed. 

 

2Download our "CIMB Clicks Singapore" Mobile App to set up your Digital Token. Find out more here.

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors, and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme, 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.