The interest-bearing account is one of the few business accounts which comes with additional benefits to help SMEs contend with the rising costs of doing business.
4 JULY 2024, SINGAPORE: CIMB Singapore is offering a limited-time interest rate of 2.68%* per annum (p.a.) for all new customers who open a CIMB SGD BusinessGo account, and 3.88%* p.a. for new customers who open a CIMB USD Interest Plus Current Account by 31 August 2024.
The CIMB BusinessGo account and CIMB USD Interest Plus current account are amongst the few interest-bearing business accounts available in the market that reward customers with high interests on their balance.
Both accounts also come with additional benefits such as free FAST and payroll transfers, free telegraphic transfers worldwide and no minimum balance fall-below fees from now until 30 September 2024.
Benjamin Tan, Head of Commercial & Transaction Banking at CIMB Singapore, said: “Businesses have been facing high inflation and rising operational costs over the past year. To help them reduce costs, our BusinessGo account and USD Interest Plus current account provide a great opportunity for idle funds to grow. Over time, these will help defray the rising cost of doing business.”
As part of our commitment to support businesses, The Digital Banker conferred CIMB Singapore as the (a) Winner of the Best SME Current Account/Transaction Account and (b) Highly Acclaimed for the Best SME Beyond Banking Service Initiative at the recent Global SME Banking Innovation Award 2024.
Notably, CIMB Singapore’s “Beyond Banking” programme launched last year also won the Asian Banking & Finance’s Singapore International SME Partnership Initiative Bank of the Year in 2023. This strategic initiative was designed to address the evolving needs of SME clients by offering holistic solutions that extend beyond traditional banking services.
For more details on this promotion, please visit cimb.sg/obca.
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Disclaimers:
*T&Cs apply. Business will have to open a CIMB SGD BusinessGo account or a CIMB USD Interest Plus Current Account by 31 August 2024 to enjoy the above promotion.
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.
About CIMB
CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM62.4 billion as of 31 December 2023. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in eight ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam, Myanmar and Philippines). Located in ASEAN’s global financial gateway, Singapore is one of our most important markets with approximately 1,000 employees serving over 500,000 customers with retail, commercial and wholesale banking products and solutions.
For media queries, please contact mediasg@cimb.com.
