This fixed deposit allows you to deposit a fixed amount of money in an acceptable currency of your choice for a fixed period of time to earn a fixed rate of interest per month. The bank offers an array of major currencies for CIMB Foreign Currency Fixed Deposit Account among which the New Zealand Dollar (NZD) currency is one. This fixed deposit account carries some inherent features and benefits including flexible deposit tenures. You can choose from tenures that available for 1 month, 3 months, 6 months and 12 months. Also upon the maturity of your fixed deposit account, the bank will automatically renew your account for the same tenure at the prevailing rate of interest unless you give the bank other instructions. The bank also offers promotional interest rates for some of its major / popular currencies which includes the New Zealand Dollar (NZD). The minimum deposit amount for the New Zealand Dollar (NZD) is 10, 000 units. You need to be at least 18 years old to apply for this Foreign Currency Fixed Deposit Account. However, if you are lesser than 18 years of age, you can still open this account with a parent or a legal guardian who is at least 18 years old.
CIMB offers a rate of interest in the range of 1.64% going up to 2.59% p.a, subject to the amount and the tenure you choose. The lowest amount with which you can start a fixed deposit account is NZD10,000 going up to NZD250,000. The tenure begins at 1 month and goes up to 12 months.
Additionally, the bank provides auto-renewal of the account when the deposit period gets over. You can instruct the bank on changing the interest rates, if you wish to, once the maturity date is near. You could also check out the promotional offers to enjoy more benefits from CIMB.
CIMB New Zealand Dollar Fixed Deposit Interest Rates
The interest rate provided by banks is subject to fluctuations. Therefore, it is necessary to recheck the rates before taking the final decision.