CIMB Bank offers a range of interest rates on its savings accounts, with the CIMB SaveMax account offering an interest rate of up to 2.5% per annum.
The interest rates offered by CIMB Bank can vary depending on the type of account and the individual's financial situation.
CIMB Bank's interest rates are competitive with other banks in the market, making it a popular choice for savers.
For example, the CIMB SaveMax account requires a minimum deposit of RM1,000 to earn the highest interest rate.
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CIMB Bank Interest Rate
CIMB Bank offers a range of interest rates on its savings accounts, including the CIMB StarSaver (Savings) Account, which accrues interest daily and credits it monthly.
You can earn up to 8% p.a. interest rate on GSave accounts, but you need to have opened your account for more than 60 calendar days and meet the qualifying criteria.
To earn the additional interest on the first S$25,000 of your CIMB FastSaver Account balance, you can credit your salary or set up scheduled recurring transfers of minimum S$1,000.
The interest rates on CIMB FastSaver Account vary depending on the account balance, with up to 3.30% p.a. available on the next S$25,000.
Here's a breakdown of the interest rates on CIMB FastSaver Account:
CIMB FastSaver Account offers a fuss-free online savings account with a high interest rate of up to 3.3% p.a. with no multiple conditions.
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Key Features
CIMB Bank offers a competitive interest rate of up to 4.25% per annum for its savings account.
The bank's interest rate is calculated daily and credited monthly, providing regular interest income for account holders.
A minimum deposit of RM 1,000 is required to open a CIMB Bank savings account, making it accessible to a wide range of customers.
The interest rate is fixed for a 12-month period, allowing account holders to plan their finances with certainty.
CIMB Bank's interest rate is higher than the average interest rate offered by other banks in Malaysia, making it an attractive option for savers.
Frequently Asked Questions
How do you get 8% interest on CIMB?
To earn up to 8% interest on CIMB, you must have at least one active and unblocked GSave and/or UpSave account. This interest rate is inclusive of other promo rates and regular base rates.
Which bank gives 7% interest on savings?
Unfortunately, no banks currently offer 7% APY on savings accounts, but you may find credit unions that offer high rates on checking accounts.
Sources
- https://www.cimbpreferred.com.sg/en/preferred-experience/accounts-card/cimb-starsaver-account.html
- https://technology.inquirer.net/123512/gcash-cimb-bank-offer-the-highest-interest-rate-of-8-p-a-via-gsave
- https://orangemagazine.ph/2023/cimb-bank-ph-extends-its-highest-interest-rate-of-12-percent-for-deposit-customers/
- https://www.cimb.com.sg/en/personal/banking-with-us/accounts/savings-accounts/cimb-fastsaver-account.html
- https://www.channelnewsasia.com/brandstudio/CIMBsavings
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