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Promo | Savings Account

EARN UP TO 0.90%* p.a. INTEREST WITH NO LOCK-IN PERIOD!

 

 

 

 

 

 

 

 

Bonus Interest / Profit Promotions 

Earn  interest/profit rate of up to 0.90%* p.a. by simply topping-up a min. of S$10,000 to max. of S$500,000 incremental in fresh funds# (compared to month-end balance of 30 April 2022) into your account with no lock-in period from 1 May to 30 June 2022! 

 

Interest / Profit Rate for Personal Banking 

Account Balance

Prevailing Interest/ Profit  Rates**

Bonus Interest/ Profit Rates

(on incremental fresh funds balance)

Total Interest/ Profit Rates

First S$200,000

0.20% p.a.

0.40% p.a.

0.60% p.a.

 

Next S$800,000

0.40% p.a.

0.80% p.a. 

 

Above S$1,000,000

0.20% p.a.

0.60% p.a.

 

 

Interest / Profit Rate for Preferred Banking 

Account Balance

Prevailing Interest/ Profit Rates**

Bonus Interest/ Profit Rates

(on incremental fresh funds balance)

Total Interest/ Profit Rates

First S$200,000

0.20% p.a.

 

0.50% p.a. 

 

0.70% p.a.

Next S$800,000

0.40% p.a.

 

0.90% p.a.

Above S$1,000,000

0.20% p.a.

 

0.70% p.a.

*Terms and conditions apply

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

 

IMPORTANT NOTES

a. Month-end Incremental Balance shall be at least S$10,000 (e.g. End-of-day balance on 31 May 2022 compared against end-of-day balance on 30 April 2022).

b. Bonus Interest/Profit will be calculated daily based on Incremental Balance of minimum S$10,000 to maximum S$500,000.

c. No Bonus Interest/Profit will be accorded for Incremental Balance below S$10,000 or above S$500,000.

 

How Bonus Interest/Profit Works

  1. Comparison month refers to end-of-day balance on 30 April  2022.
  2. To be entitled to Bonus Interest/ Profit for the current month, Month-end Incremental Balance shall be at least S$10,000 (e.g. End-of-day balance on 31 May 2022 compared against end-of-day balance on 30 April 2022).
  3. Bonus Interest/ Profit will be calculated daily based on Incremental Balance of minimum S$10,000 to maximum S$500,000. No Bonus Interest/ Profit will be accorded for Incremental Balance below S$10,000 or above S$500,000.

 

Date

End-of-day 

Balance

Incremental Balance against 30 Apr 2022  Prevailing Interest/Profit

Bonus Interest / Profit

Total Interest / Profit

30 Apr  2022

S$100,000

NA

NA

NA

NA

1 – 10 May 2022

S$110,000

S$10,000

S$110,000 x 0.20% / 365 x 10 days  = S$6.02

S$10,000 x 0.40% / 365 x 10 days = S$1.09

S$7.11

11 – 20 May 2022

S$300,000

S$200,000

S$200,000 x 0.20% / 365 x 10 days = S$10.95

 

S$100,000 x 0.40% / 365 x 10 days = S$10.95

S$200,000 x 0.40% / 365 x 10 days = S$21.90

S$43.80

21 – 25 May 2022

S$105,000

S$5,000

S$105,000 x 0.20% / 365 x 5 days =  S$2.87

 

S$0^

S$2.87

26 – 31 May 2022

S$700,000^^

S$600,000

 

S$200,000 x 0.20% / 365 x 6 days = S$6.57

 

S$500,000 x 0.40% / 365 x 6 days = S$32.87

S$500,000^ x 0.40% / 365 x 6 days = $32.87

S$72.31

Total Interest in May 2022

 

 

$70.23

 

(Paid on last day of the month)

S$55.86

 

(Paid on last day of the following month)

$126.09

 

^The minimum and maximum Incremental Balance eligible for Bonus Interest is S$10,000 and S$500,000 respectively.

^^If the end-of-day balance on 31 May 2022 is below S$10,000 as compared to comparison month (i.e 30 April 2022), no interest/ profit will  be accorded for the entire month.  

 

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

Account Selection

Other Promotions

Terms & Conditions

** 0.20% p.a. for the first S$200,000 balances; 0.40% p.a. for balances above S$200,000 to S$1,000,000; and 0.20% p.a. for balances above S$1,000,000 will apply accordingly. Interest accrued daily and credited monthly. Daily interest will be paid on the entire daily balance, provided that the balance is at least S$1,000 in your CIMB StarSaver (Savings) Account on any given day.

 

*Terms and conditions governing CIMB StarSaver/Junior Saver Bonus Interest/Profit Promotion 2022 apply. Please click here for full terms and conditions. 

 

Initial deposit will be refunded to the originating account in the event deposit application is unsuccessful. 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. 

Important Notes

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors, and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme, are insured by the Singapore Deposit Insurance Corporation for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.