• CIMB Savings Account

    CIMB is one of the leading banks across the globe that offers great financial services and products. These products and services are designed to meet all your needs and requirements. Saving money is of utmost importance if you want to have a smooth tomorrow. If you wish to set your goals and get a head start on savings then you must control your hard earned money with CIMB Savings Account. From the first dollar that you save in your CIMB Savings account, you can earn great returns. The rate of interest that you can avail with a CIMB Savings Account is up to 0.8% per annum. The interest on your savings is calculated on a daily basis. This will definitely make your benefits increase substantially.

    Types of Savings Account offered by CIMB

    There are different types of Savings Accounts offered by CIMB that are designed as per the needs of the customers. They are as follows:

    • CIMB Fast Saver Account
    • CIMB StarSaver (Savings) Account
    • CIMB Junior Saver Account
    • CIMB StarSaver (Savings) – i Account

    Documentation

    • The citizens of Singapore, permanent residents of Singapore and the Malaysians must provide their NRIC during the time of application.
    • The foreigners must provide their residential address proof and passport.
    • Some of the other documents that might be required are Work Permit, Employment Pass, Student Pass and Dependant’s Pass.

    How to apply?

    • You can call up on the personal banking hotline number provided on the official website of the bank.
    • You can drop an email to the bank to know more about the application procedure.

    Features and Benefits of CIMB Savings Accounts

    The CIMB Savings Accounts comes with lucrative benefits and features which can prove to be of great worth to you.

    CIMB Fast Saver Account

    • The rates of interest that you can avail with CIMB Fast Saver Account is 1% per annum on the total balance in the account. However, the minimum deposit that you must make is S$1,000.
    • When you make an application for this account online, you can instantly get your account number.
    • You will not have to meet multiple conditions to be eligible for enjoying 1% per annum rate of interest with this savings account. These conditions are online banking transactions, salary crediting or credit card spends.
    • The e-statements are free of cost and you can retrieve them via internet banking.

    CIMB StarSaver (Savings) Account

    • You can enjoy attractive rates of interest (up to 0.8% per annum) with CIMB StarSaver (Savings) Account.
    • The interest amount is calculated on a daily basis. You can enjoy the flexibility of depositing money in your account any day you like. You will get the interest payout at month end.
    • You can make use of Interbank GIRO to top up your account. You can also use mail-in cheque, monthly fund transfer or in-branch deposits to top up your account.
    • If you choose to avail e-statements only then the monthly fee for your account will be waived off.

    CIMB Junior Saver Account

    • You can enjoy attractive rates of interest (up to 0.8% per annum) with CIMB Junior Saver Account.
    • With the Junior Recognition card, you can avail invites to several exclusive events. You can also enjoy special privileges and discounts.
    • You can easily plan the tertiary education for your child with this particular savings account. When you choose to sign up for NTUC Vivo Child and TM Education, one month’s premium will be reimbursed.
    • If you choose to avail e-statements only then the monthly fee for your account will be waived off.

    CIMB Star Saver (Savings) – i Account

    • This savings account offered by CIMB is Shariah compliant with 0.8% per annum historical hibah rate on the total balance present in the account.
    • The historical hibah is calculated on a daily basis and you will be getting the historical hibah at month end. This happens as per the discretion of the bank.
    • You can make use of Interbank GIRO to top up your account. You can also use mail-in cheque, monthly fund transfer or in-branch deposits to top up your account.
    • If you choose to avail e-statements only then the monthly fee for your account will be waived off.

     CIMB Bank Savings Account Interest Rates

    Note: Shariah-compliant savings accounts provide profit instead of interest.

    Account Name Min Interest Rates Max Interest Rates Min Deposit Amount Max Deposit Amount
    CIMB FastSaver Account 0.60% p.a. 1.0% p.a. S$1,000 Unlimited
    CIMB FastSaver-i Account 0.60% p.a. 1.0% p.a. S$1,000 Unlimited
    CIMB StarSaver (Savings) Account 0.8% p.a. NA S$1,000 Unlimited
    CIMB StarSaver (Savings)-i Account 0.8% p.a. NA S$1,000 Unlimited
    CIMB Junior Saver Account 0.8% p.a. NA S$1,000 Unlimited

    Note: Interest rate and deposit amounts are subject to change according to CIMB Bank’s discretion and without providing prior notice.

    Eligibility Criteria and Documents Required

    CIMB FastSaver Account & CIMB FastSaver-i Account

    You can apply for these accounts using your NRIC if you are 16 years or older and are a Singaporean, a Permanent Resident, or a Malaysian. If you are a foreigner aged 16 and above, a passport and proof of address are essential but other documents such as dependent’s pass, student pass, employment pass and a work permit may also be required. You must deposit a minimum initial deposit amount of S$1,000 in the account. These accounts are available for individual and joint-or applications.

    CIMB StarSaver (Savings) Account & CIMB StarSaver (Savings)-i Account

    You can apply for these accounts using your NRIC if you are 16 years of age or older and are a Singaporean, a Permanent Resident, or a Malaysian. If you are a foreigner aged 16 and above, you will require a passport and proof of address. You might also need other documents such as dependent’s pass, student pass, employment pass and a work permit. Open an in-trust account with your parent or legal guardian in case you are under 16 years of age. This account also requires a minimum initial deposit worth S$1,000.

    CIMB Junior Saver Account

    As this account is for a minor, it is dependent upon a joint in-trust account that must be opened for a child of age 12 years or younger and the parent or legal guardian who is 18 years or older. As a parent or guardian, you must also be the main account holder for this account and hold the proof of guardianship.

    This account requires a minimum initial deposit amount of S$1,000. You can apply for this account using NRIC and birth certificate of your child if you are a Singaporean, a Permanent Resident, or a Malaysian.

    As a foreigner you can apply using your passport and birth certificate of your child, your passport and your proof of address. You might need additional documents like employment pass, student pass, dependent’s pass and work permit.

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