This week, CIMB Bank is to officially declare itself as the new entrant into Singapore's personal banking market, taking on incumbents with their latest so far most attractive personal savings deposit account in the market. CIMB StarSaver offers 1.2% p.a. interest but with a catch.
- Minimum deposit S$5,000.
- Monthly deposit of at least S$500
I personally feel this new deposit plan is good only if CIMB ATMs are more readily available in Singapore.