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See Ke Xin

Edited 06 Dec 2022

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General Investing

CIMB Increased Fixed Deposit Rates

CIMB has recently increased their fixed deposit rates (see image) and they are currently having a promotion from 1 Dec 2022 to 31 Dec 2022.

Just wondering if anyone has recently signed up for a CIMB account? How was the experience? How safe is CIMB? Should I sign up for this just for the 4.15% P.A.?

Hope to hear what everyone thinks! :)

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Choon Yuan Chan

07 Dec 2022

The first 75k in a bank is SDIC insured and with such a high returns, it is definitely good to be banking with them

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CH

07 Dec 2022

Although not explicitly stated, it should be also protected by SDIC. (but please confirm with the bank, don't trust my words)

have been renewing with their FD for several years. one of better interests around. so far so good.

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My fixed deposit with CIMB ends in a few months. I signed it with an interest rate of 1.85%. Should I choose the option to renew it?

Hello! I'm planning to put in 10K, as a fixed deposit for 5 years, to earn some interest, under CIMB Why Wait fixed deposit Scheme (1.8% p.a if done online). Is this a good move?

Would you agree that we should not take board rates or fixed deposit pegged rates, given that banks can arbitrarily set those rates in their favour without basis?

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