What do I need to know about CIMB Unfixed Deposits?
This CIMB FD is open to individuals aged 18 and over, whether they are Malaysian or foreigners residing or not residing in Malaysia. The offer is open for those wishing to open personal accounts, joint accounts, business enterprises, trust executors or administrators.
You can choose a term of between one to sixty months, with as little as RM1,000 to get it off the ground. For an extra short one month tenure, you must make a minimum deposit of RM5,000.
How can I earn high return on my deposit?
You are definitely in luck as CIMB is running the CIMB 6-months Unfixed Deposit campaign between 1 October until 31 December 2018. All you need to do is prepare a minimum fresh funds of RM10,000 and head over to your nearest CIMB branch to make the deposit.
Once you do so, you can rest assured that your money in this 6-month tenure will reap a high return of 4.4% p.a., even though you make a partial withdrawal of your funds when you need it the most. However, this one-time special rate is not available via eFD.
Can I withdraw from this fixed deposit before maturity?
You will be free to do so, with the new unfixed deposit feature, but you must maintain at least RM1,000, subject to the minimum deposit needed for your chosen placement period.
You need also to complete at least 3 months tenure in order to not lose any interest. Each withdrawal must be a minimum of RM1,000 and any amount higher must be in multiples of RM1,000. Your pre-agreed interest rate will be applicable on your balance until it reaches maturity.
The withdrawal can only be done at your CIMB home branch, where you placed your investment. On the other hand, if you opened this FD account through e- FD at CIMB Clicks, withdrawals are not allowed.
What do I need to open a Fixed Deposit account with CIMB?
You have to bring along your:
- Identification Card or passport
- a copy of a house utility bill for verification of address.
You'll need to bring some money too - cash or cheque is fine.
Companies must present:
- Memorandum of Association
- Form 24 & 49
- Resolution to open this account.
Is my money in this fixed deposit safe?
Yes. PIDM protects your savings in case the bank fails - you're covered for up to RM250,000.