CIMB raises interest rates for its StarSaver savings account to a new high

In a world of rising interest rates, CIMB Bank Berhad, Singapore Branch (CIMB) announced its highest and most attractive rate – at up to 2%* p.a. for its CIMB StarSaver savings account today. There is no cap to the deposit amount for customers to enjoy this rate and customers can apply for a CIMB StarSaver account via the website at cimbbank.sg/savings

“The CIMB StarSaver is an account that gives you high returns. There are no multiple conditions to fulfil to earn up to 2% p.a. interest rate. There is no need to do salary-crediting with us, have a minimum spend on your CIMB credit card or any of those prerequisites such as purchasing an insurance or investment product from us. There are also no fall-below fees or the need to deposit fresh funds for a lock-in period for customers to enjoy these fixed deposit-like interest rates. We want to always offer the best value to our customers, making it easy for them to save and to bank with us,” shared Mr Victor Lee, CEO, CIMB.

Before August this year, CIMB’s highest interest rate for their savings account was at 0.2% so with the new rates that started to effect on 1 September, customers will enjoy interest rates which are up to 10 times higher than before.

CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. It is also a world leader in Islamic Finance. The Group is headquartered in Kuala Lumpur and offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services.

Present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and the Philippines), the Group also has market presence in China, Hong Kong, India, South Korea, the US and UK. It is the fifth largest banking group by assets in ASEAN and, as at the end of December 2021, had around 33,000 staff and over 18 million customers.