CIMB Business Interest Current Account
The CIMB Business Interest Current Account offers our business clients good interest on your account balance, along with the convenience of a checking facility. Perfect if you are looking to maximise interest on your surplus funds, yet wanting the flexibility to access your cash anytime
| Features |  | Minimum initial deposit of S$50,000. | | Interest Rates:
Account Balance (S$) | Interest Rate* p.a. | First 500,000
| 0.3% | Next 4,500,000 | 0.2% |
Note: interest rates are subject to change without prior notice | | No monthly service fee | | No early account closure fee | | First 50 cheques free (Subsequent cheque book is chargeable at S$25.) |
* Terms and conditions - The interest rates of 0.3% p.a. and 0.2% p.a. apply to the first S$500,000 and the next S$4,500,000 respectively in the CIMB Business Interest Current Account, up to a maximum account balance of $5,000,000.
- An initial deposit of S$50,000 is required for the opening of the CIMB Business Interest Current Account.
- A minimum balance of S$50,000 will have to be continuously maintained at the end of each day till the last day of the calendar month before the interest for the entire month will be accrued and credited to your CIMB Business Interest Current Account on the last day of the same month.
- If the CIMB Business Interest Current Account is opened on a date after the first of the calendar month, the interest will be calculated and accrued based on the remaining number of days in that month in which a minimum balance of S$50,000 is continuously maintained in the CIMB Business Interest Current Account and the pro-rated interest will then be credited to the account on the last day of the same month.
- A fee of S$20 is chargeable to the customer if the average monthly balance in the CIMB Business Interest Current Account falls below S$3,000.
- Customers of CIMB Business Interest Current Account are to abide and be bound by CIMB Bank Berhad’s Terms and Conditions Governing the Operation of Deposits Accounts as well as the additional Terms and Conditions stipulated for the CIMB Business Interest Current Account.
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| Eligibility: | | Business enterprises and corporations. | | Non-Profit Organisations. |
| Requirement: | | Minimum initial deposit of S$50,000. |
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