CIMB Bank Berhad Singapore Branch Rating & Review 2024
The second-largest bank in Malaysia
CIMB (Commerce International Merchant Bankers) Group Holding Berhad is a leading ASEAN (The Association of Southeast Asian Nation) Universal Bank operating in high growth economies. The group operates under several entities including CIMB Bank, CIMB Investment Bank, CIMB Islamic, CIMB Niaga, CIMB Securities International, and CIMB Thai. It is the second-largest bank in Malaysia comprising of 534.1 billion Malaysian Ringgits worth of total assets. The group provides vasts variety of banking and financial services to its customers, whether they be a natural person or an artificial person, with its primary activities being Commercial banking, Islamic banking, investment banking, and Asset management just to name a few. The group operates with over 100 Commercial Centres and around 850 branches with co-located Trade Service Centres to its 16 global markets. The group also has a staff strength of over 36,000 located in 18 countries, covering ASEAN and major global financial centers as well as countries as in which its customers have significant business and investment dealings.
Complimentary Drive-Home Valet Services
I am loving the Complimentary Drive-Home Valet Services offered by CIMB World MasterCard via Dre Valet. I got a complimentary valet ride home with Dre Valet as a result of S$500 I spent earlier. Redeeming it was easy as well as I simply downloaded and registered the “Dre Valet” app on my mobile device. Promo codes are awarded to eligible customers within 45 days.
CIMB Platinum Mastercard / CIMB Bank Berhad Singapore Branch
Infinite Cashback offer on all you’re spendings!!
How do you beat an Infinite Cashback offer on all you’re spending? When you spend just S$2,000 within a single statement month you qualify to enjoy 2% cashback on transactions such as travel, overseas, and online in foreign currencies with also 1% on all other retail spends. This card is recommend for new workers with regular income too.
CIMB VISA Signature / CIMB Bank Berhad Singapore Branch
No annual fees but still comes 1% unlimited cashback
The CIMB AWSM credit card is actually targeted at students and NSFs. So considering that it doesn't come with annual fees but yet still provides 1% unlimited cashback on dining and entertainment, online shopping and telco, I feel that this card is great since most of us NSFs/students often spend our money on these categories. Moreover, there is no minimum spending required as well.
CIMB World Mastercard / CIMB Bank Berhad Singapore Branch
Awesome fee waiver for three years
This card is awesome for dining out as it will earn you 3.2miles per each dollar spent. Furthermore I must mention that the Call centre is always friendly and as a result one does not have to wait for too long to be attended to or have issues resolved. I also like that the waiver of fees for three years in addition to a fast and convenient mobile payment via Samsung Pay
CIMB VISA Infinite / CIMB Bank Berhad Singapore Branch
One other good thing CIMB credit cards have is that there are no annual fees
The CIMB CashLite personal loan is based on your available credit card credit limit therefore you have to be a CIMB cardholder to apply for it. One other good thing CIMB credit cards have is that there are no annual fees but CIMB doesn’t publish their interest rates online. The actual interest rate is personalised based on your risk profile and credit history so you might very well end up with a higher interest rate than advertised.
CIMB CashLite / CIMB Bank Berhad Singapore Branch
Lowest debt consolidation plan interest rates in Singapore with effectivly low interest rates
CIMB advertises the lowest debt consolidation plan interest rates in Singapore, with effective interest rates as low as 7%. This is a great rate for some borrowers that are actually able to secure it; however it is difficult to assess the total cost of CIMB's debt consolidation loan compared to a loan from another bank.Additionally, because POSB, DBS and Maybank are offering cashback promotions and HSBC is offering S$100 cashback and waived processing fees, CIMB's lack of promotions and 1% processing fee make it a less appealing source for debt consolidation loans. It also offers loans with shorter durations of up to 8 years than many other DCP lenders in Singapore.
CIMB Debt Consolidation / CIMB Bank Berhad Singapore Branch
I use CIMB FastSaver to deposit savings for my parents
This is a straightforward bank account which makes saving simple. As it does not come with the multiple criteria to earn a higher interest, the rate is lower compared to local banks, but up to 1.8% p.a. and there is no fall below fee involved. I use CIMB FastSaver to deposit savings for my parents and overall customer service is great since not many people use this bank.
CIMB FastSaver Account / CIMB Bank Berhad Singapore Branch
User interface for the mobile and online banking is lagging
Good account with pretty good interest without having to worry about minimum spend or other transactions. However, since they encourage account holders to go cardless, to get a card you may need to pay for it. I find that the user interface for the mobile and online banking is rather lacklustre as logging in seems to be a huge problem for the app.
CIMB FastSaver-i Account / CIMB Bank Berhad Singapore Branch
A current account with a chequebook and a 0.8% interest rate
This is a current account with chequebook and a 0.8% for the interest. If you don’t require a chequebook, you can consider opening the fastsaver instead which pays 1%. This combined checking and savings account not only allows you to enjoy one of the highest interest rates at 0.8% p.a. but you will also receive unlimited free cheque books and free withdrawals ASEAN-wide.
CIMB StarSaver (Savings) Account / CIMB Bank Berhad Singapore Branch
A Shariah-compliant deposit product which uses shariah concepts
This is a shariah-compliant deposit product which uses the shariah concept of wadiahyad dhamanah(guaranteed safe-keeping)where you deposit your monies with the bank for safe-keeping purposes.The deposits collected will be managed in accordance with Shariah and you will enjoy the benefits of a no fall-below fees and receive indicative returns on your CIMB StarSaver-i
CIMB StarSaver (Savings)-i Account / CIMB Bank Berhad Singapore Branch
CIMB’s kids’ savings account offers some of the most generous interest rates in Singapore
CIMB’s kids’ savings account offers some of the most generous interest rates in Singapore. The account is open to children aged 12 and below, and pays out an interest rate of 0.8% per year. There are also no fall below fees or minimum deposit. The only sacrifice is that you need to make an initial deposit of $1,000, and the minimum amount to earn interest is $1,000 too.
CIMB Junior Saver Account / CIMB Bank Berhad Singapore Branch
Invest, trade, pay or receive funds in 5 different foreign currencies
This foreign currency savings account offers you a wide range of major currencies to choose from, including USD, AUD, EUR, GBP and JPY with the platform to invest, trade, pay or receive funds in 5 different foreign currencies - USD, EUR, GBP, AUD and JPY you can easily deposit and withdraw money using demand drafts or via Electronic Funds Transfer with free E-Statements and also get your Monthly Account Fee waived
CIMB Foreign Currency Savings Account / CIMB Bank Berhad Singapore Branch