Anonymous

30 Jul 2020

∙

Do banks allow you to open an account that you have previously closed?

I opened a CIMB Fastsaver acc in the beginning of the year due to its hassle-free high interest rate. But ever since they reduced their interest, i have moved on to another bank. Should i just leave the bank account in case the interest goes back up? Or can i just close it and open it again in the future if the rate goes back up? Is it the same for all other banks?

CIMB FastSaver Account

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Yang Teng

30 Jul 2020

CIMB FastSaver does not have a fall below fee, though there is a minimum amount to earn interest. Unless there is an absolute need to, I would just leave it be and save the hassle of closing the account and possibly re-opening in the future.

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