*Month-end incremental deposit required to earn the higher profit rate i.e. 2.00% p.a. for the relevant month which will be given to customer on whole balance if month-end target balance is met and the entire account balance has a minimum of S$100. If the month end target balance or minimum account balance is not met, the lower profit rate i.e. 1.00% p.a. is accorded for that month. The profit is accrued daily but paid monthly.
CIMB may have right of review (RoR) clauses in the terms and conditions governing your product and/or service relationship with our bank. Please refer to the Notification of Right of Review Clause for more information.
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 all 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.