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Give your child a head start in managing money with the CIMB Junior Saver Account. Designed for young savers, this account offers up to 2.70%* p.a. interest, with no fall-below fees and no lock-in period.

 

Enjoy the flexibility of withdrawing anytime, plus receive a S$100^ ActionCity voucher when you open an account online today!

Junior Saver Account Promotion

Spruce up your collectibles collection!

Get a S$100^ ActionCity voucher with every Junior Saver Account sign-up.

Sign up now!
jsa promo

Features & Benefits

Competitive Rates No Fall-Below Fees Online Application
Competitive Rates
No Fall-Below Fees
Online Application

 

Interest Rates

Sign up and enjoy up to 2.70%* p.a. interest rate from your 1st dollar with NO lock-in period!

 

Account Balance

Prevailing Interest Rate (p.a.)*

First S$5,000

2.19%

Next S$20,000

2.19%
Next S$25,000 2.70%

Above S$50,000

0.80%

 

Sign up for an account here.

Account Balance

Prevailing Interest Rate (p.a.)*

First S$5,000

2.19%

Next S$20,000

2.19%
Next S$25,000 2.70%

Above S$50,000

0.80%

 

To top up your account, either FAST in your funds from another bank account, or fill in our Monthly Funds Transfer Application Form here. 

How To Apply

Step 1- Apply Now (MyInfo Available)

Apply here.

Step 2 – Complete your Account Opening

Please FAST in the initial deposit of S$1,000 from your single name personal account with another bank in Singapore1 or from your own CIMB Malaysia Account.

 

A video call might be conducted for the purpose of account verification.

 

Your account will be opened within 7 business days of receipt of initial deposits and/or documents required, if no further review or follow up is required, subject to the Bank’s approval1.

Step 3- Access Your Account

Access your account by downloading our "CIMB Clicks Singapore" Mobile App2  to set up your Digital Token.

 

Find out more here.

Eligibility

  • Save smarter and grow your child's savings. A high-interest online savings account built for kids—with no penalties and full online access.
  • Maximum Age: 16 & Below for child

Rates & Charges

CIMB Junior Saver Account Fees & Charges

FAQs

Click here to view common pre-application FAQs.

Requirements

Minimum Initial Deposit

S$1,000

 

Joint (In-Trust) Account

1. Must be opened jointly by the parent / legal guardian (who is 18 years and above) and the child who is 16 years and below.

2. Withdrawals for In-Trust account can only be performed at CIMB branch.

Documents Required

 

For Singaporeans/PRs and Malaysians Residing In Singapore

1. Physical NRIC/Passport

2. Proof of residential address if the residential address in the application differs from the ID document (e.g. any latest telephone bill, bank statement or letter issued by the government)

 

For Foreigners

1. Passport

2. Proof of residential address (e.g. any latest telephone bill, bank statement or letter issued by the government)

3. Supporting documents to be provided (Employment Pass, Work Permit, Dependant’s Pass and Student Pass)

 

For more details, please click here.

Terms & Conditions

 

*Interest accrued daily and credited monthly. Daily interest will be paid on the entire daily end-of-day balance, provided that the prevailing interest earned is at least $0.01 at the end of the month.

 

#Fresh funds refers to funds that do not originate from any existing account with the Bank.

 

^Terms and conditions governing ActionCity Junior Saver Account opening promotion apply. Click here for details. 

 

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.

 

2Download our "CIMB Clicks Singapore" Mobile App to set up your Digital Token. Find out more here.

 

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.

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Operations of Deposits Accounts

What's Next

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