CIMB Higher Interest Savings Account

CIMB StarSaver Account:
Pros

• At least 0.5% interest rates per year.
• Interest rates become 0.8% per year if you put in additional $500 or more every month.
• No fees deducted even if the funds fall below $5000.
• Free Cheque Book.
• Monthly Statements.
• Free internal fund transfer to your own account in CIMB.

Cons

• Min Deposit of $5000.
• Min Deposit to earn interest: $5000.
• Can only be open from age 21 and above.
• Not sure if external fund transfer is charged, as in to another bank.
• Early closure of account within 6 months - $50.

Correct as at 1st Sept 2010.
Other higher interest savings accounts.