CIMB – Money Multiplier
Posted By Saimatkong on Jun 11, 2007 | 0 comments
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CIMB Bank Money Multiplier Account is an interest bearing account, which offers high interest rate with withdrawal flexibility. Enjoy the interest, which is paid on entire daily balances of above RM10,000.
Eligibility
Individuals aged 18 years and above who are either residents or non-residents.
Joint account is allowed.
Features
High Daily Interest – Daily interest will be paid on entire daily balances provided the balance exceeds RM10,000 on any given day. Interest will be accrued on the entire balance at the published rate, compounded monthly.
One free withdrawal per month (Subsequent withdrawal / debit transaction will be charged RM5 per transaction).
Withdrawal flexibility – withdrawal / debit can be made through cheques, ATM or over the internet. Customers will be issued ATM card and cheque book.
No monthly maintenance fee.
Requirements
Minimum initial deposit of RM1,000.
Completed application form which are available at our branches.
NRIC or passport.
A copy of utility bill for verification of address.
Charges & Rates
A service charge of RM5 per transaction will be levied for subsequent withdrawals / debits during the month.
A half yearly service fee of RM10 if the average balance is less than RM1,000.
Click for details on Current Account charges.
Credit balance exceeding RM10,000 will earn 3% interest p.a. (subject to change from time to time).
How to make money or multiply your hard earn money ?
You might want to try this. =)
I think it’s better than Fixed Deposit (FD) because this does not lock your money but they do have all the T&C, please be aware.
I want to know is it wise to put money in your opinion ?
anyone have this account ? is it good ?
might want to know what’s the other charges which is not stated or may be some hidden T&C ?
We can discuss more.
