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.

Products mentioned by this review

CIMB Junior Saver Account

CIMB Junior is for children aged 12 years and below with a fantastic high interest rate of 0.8% p.a. and the savings just don't stop there. Accountholders are also given access to enjoy immediate discounts, privileges and invites to events. This will surely help you and your child build up for their future by educating them the importance of financial stability at an early age.

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Providers mentioned by this review

CIMB Bank Berhad Singapore Branch

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.

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