CIMB StarSaver
>> Friday, October 2, 2009
CIMB has officially launched its retail banking business in Singapore.
The CIMB StarSaver savings and current account has one of the highest interest rates.
- It offers an attractive base interest rate of 0.5% p.a.
- If you maintain an average balance of $5,000 and an increasing balance equivalent to increments of $500 each month, the interest rate is 1.2% p.a. on the entire balance.
- Provides cheque books for free.
- No restriction on withdrawals.
- Interest accrued daily and compounded monthly.
- Monthly Statements.
- It requires a minimum deposit of $5000 to open.
- There is no fall below fee but if the account is closed within 6 months, a fee of $50 will be imposed.
- No ATM Card
- Only 2 bank branches.
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