CIMB Fixed Deposit
|CIMB Fixed deposits are very popular among the Malaysians. People open fixed deposit accounts with numerous objectives in their mind. Some of them open it for business purposes, some for earning high interest rates where as some open it to lead a financially stable life after retirement. CIMB Fixed Deposit enables you to earn high interest rates as well as profits by allowing you to open various kinds of accounts. Not only this, the bank also provides the facility to open a fixed deposit account in CIMB Clicks known as eFD. The main benefit of opening a fixed deposit account is that you can place orders anytime according to your convenience and withdrawal can be made online at anytime, without visiting any of the CIMB branch. Placement of Fixed Deposit can also be done via the ATM. However, the eFD facility is available for Conventional Accounts only.
CIMB Fixed Deposit Types
Conventional Fixed Deposit (FD): This account can be opened by all the business enterprises and corporations. By choosing this plan you can keep your surplus business funds and also earn interest on it. No charges will be levied for premature withdrawal. You can open this account by depositing RM 5,000 for 1 month and RM 1,000 for 2 months or more.
Foreign Currency Fixed Deposit (FCFD): You can open this account in multiple foreign currency denominations like US Dollar (USD), Sterling Pound (GBP), Japanese Yen (JPY), Australian Dollar (AUD), New Zealand Dollar (NZD), Singapore Dollar (SGD), Swiss Francs (CHF), EURO (EUR) and Canadian Dollar (CAD). By opting for this plan you can earn high interest rates by depositing money in foreign currency that suits your investment patterns. The interest rate is applicable on the denomination of the country. All the deposits and withdrawals made by you will be done through foreign telegraphic transfers, demand drafts or transfers from/to the Ringgit Account. To open this account you need to deposit RM10, 000.
Fixed Return Investment Account-i (FRIA-i) Why Wait: As the name suggests, the account is specially designed for those people who want to deposit money and withdraw it before the maturity date, as they do not want to wait. This account operates according to the Islamic principles of Tawarruq and Murabahah . Not only this, you can also earn a fixed amount of profit every month. This account can be opened with a minimum deposit of RM 10000.
Fixed Return Investment Account-i (FRIA-i) - Monthly Returns: By opting for this plan you can earn profits every month on the investments that you have made. You can invest for 1 year to 5 years. You can open this account with a minimum deposit of RM 1000. The profit earned on investments can be transferred to your CIMB Islamic Bank Savings or Current Account-I via funds transfer.
Fixed Return Investment Account-i (FRIA-i) - Maturity Returns: You can earn profit on investment after every six months upon the maturity of the account. In addition to this you can also enjoy up to five years of fixed profit. You can open this account by depositing RM 5,000 for 1 month and RM 1,000 for 2 months tenure or more.
General Investment Account-i (GIA-i): In this account all your funds will be invested for a specific time period. The return on the investments will be calculated on the basis of predetermined profit-sharing ratio.
How to apply for fixed deposit with CIMB Bank
Applying for a CIMB Bank Fixed Deposit Account is very easy. You have to login to the bank’s website and download the application form or visit the nearest bank for more details. In addition to this, you can also open an online fixed deposit account known as eFD account if you are a CIMB Clicks customer or an ATM Cardholder. CIMB Fixed Deposit Rates in 2010 and 2011 were much lower as compared to 2012. CIMB Bank is providing fixed deposit account at competitive rates. Given below is the table of interest rates 2012 by which you can know about the latest fixed deposit rate.
CIMB Fixed Deposit Promotion
CIMB Bank has engaged itself into various types of promotions time to time. It gives an opportunity to its customers to earn high interest rates. The promotion rate 2011 was very popular among them. Recently, it has come up with a new promotion known as CIMB Step Up Fixed deposit 2012. By choosing this plan you can earn interests of up to 4.50% with a minimum deposit of RM 5000. Given below is the table for promotion 2012 which was valid from 20 September 2011 to 31 January 2012. The promotion is also done in Singapore, Thailand and Indonesia. To know more about the promotions or rate 2012 you can dial the number 1 300 880 900.
|Tenure||Cycle||Promotional Rate Malaysia (p.a.)|
|8-months||Month 1 to 3||3.00%|
|Month 4 to 6||3.10%|
|10-months||Month 1 to 3||3.00%|
|Month 4 to 6||3.15%|
|Month 7 to 9||3.40%|
CIMB Fixed Deposit Calculator
For the convenience of the customers CIMB Bank has provided a fixed deposit calculator, thus making it easier to calculate the amount of profit or interest earned on fixed deposit. You can make use of the calculator by visiting the website of the bank and find your interest amount after entering details like deposit amount, percentage of profit and the period of fixed deposit. In addition to this, currency converter calculator can also be used.