Dear Valued Customers,
We are writing to you with respect to your agreement with CIMB Bank PLC (“Bank”) on the Terms and Conditions Governing the Operations of Deposit Account and Terms and Conditions of Junior Savers Account (JSA) (collectively, the “Terms”).
As a part of our commitment to provide you with better and more efficient banking services, we hereby give you notice that CIMB will introduce a New Junior Savers Account plan (New JSA), starting from 01st August 2018.
The New JSA offers you 1.68% p.a interest rate (flat rate) and a free Personal Accident Insurance Policy that covers single account holders or joint account holders equivalent to the amount outstanding in the Junior Savers Account, up to USD100,000. As part of the change, we wish to inform you that we will retire the existing JSA.
Please note that your account will be automatically converted to the New JSA from 06th September 2018 and the new Terms and Conditions would apply henceforth.
The New JSA provides you protection for the future of your children in addition to other convenient benefits. We understand that you may have questions about our new product features, and we look forward to addressing your queries.
Our Customer Contact Centre at 023 988 388 is available to assist you with your questions; or you are also welcome to visit any of our branches to speak to a bank officer in person.
CIMB Bank PLC