Traditionally, current accounts were not designed to earn you substantial interest unlike your savings and fixed deposit accounts. It's seen as a transactional facility with cheque books etc, which is why a lot of current accounts in the market don't even pay interest, or minimal, although times are changing whereby you might want to check our current account comparison tool to see which current accounts are giving the best interest rates in the market. But a deposit is a deposit and as long as that remains, we should be rewarded for depositing with a bank, no matter what account type it is.

Well, CIMB are currently having a promotion at the moment that is taking my previous statement very seriously. Because from now till the 31st January 2012, the CIMB Preferred Account is offering an astonishing 5% p.a on balances up to RM500,000. In order to be eligible, one must join CIMB Preferred Banking whereby a minimum of RM200,000 in AUM (Assets Under Management) with the bank is a pre requisite to eligibility. And obviously, a CIMB Preferred Account must be opened too.

So hurry and deposit now to make the most of this promotion. The simplest most hassle free way to apply for the CIMB Preferred Account is to click the "Find out more" button below, submit your contact details to the bank and a CIMB banker will be in touch with you to assist in your enquiries and application. Enjoy!

Interest rate in CIMB preferred account is better than normal interest beraring CIMB current a/c, free access to KLIA premium lounge

My parents are CIMB preferrred..benefit tat they enjoyed?..no needa queue when go bank...issue banker's cheque no charge..tats all.. i mean the benefit tat they enjoyed from the banks la...

not sure if u are doing business whether u can get favourable loan rate from them onot la..but housing loan rate they din reli gave any preference although are preferred member.

the other benefits are higher credit limit... *in a way the bank wants u to spend more *

the interest rate also higher right? like 2.4
and it's compulsory to spend more, can;t i just apply this account for high interest rate purpose ?

Compulsory to spend more ? No. No such thing. But yes. You can apply for the account simply to get a more favourable interest rate.

I would say if you are qualified for the CIMB Preferred, try to go for another bank instead. The reason so is because I am with MBB Private Banking and CIMB Preferred; and CIMB's RM quality falls far behind the one MBB have. This is the largest drawback from CIMB.

Virtually, you need to have at least 250K in the CIMB AUM to maintain a Preferred membership. If your account falls beyond 250K, then you have to pay RM200 quarterly for the service. Difference between MBB and CIMB is, you get a car sticker, MBB doesn't. You get a membership card for both.

Ah, you get nothing for maintaining a CIMB Preferred membership, whereas off and on, you will get "something" from your MBB RM.

how much for mbb priority?

i think cimb preferred is the "cheapest" 200 or 250k. uob needs 500k, others think >400k.

am i right?
to me, i think best benefits for cimb preferred are:
. interest for ca is good enough at 2+%
. commission charge for itrade is low enough
. interest 2+% for funds in transit acc for itrade buy-sell

there is really little else, except the rm calls from time to time on certain promos...

If you are a CIMB Preferred member, their housing loans have one of the best rates on the market, with no lock-in period.