What do I need to know about CIMB Unfixed Deposit?
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 1 to 60 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.
Can I withdraw from this fixed deposit before maturity?
You may withdraw your money from CIMB Unfixed Deposit account, whether partially or fully, before the completion of its tenure. However, you will no longer receive any interest payment on the amount you have withdrawn.
The interest will only be paid for the amount that is not withdrawn for partial withdrawal.
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.