CIMB Malaysian Bank has been expanding agressively recently and is currently offering prob the most competitive savings rate as compared to other banks (Maybank, Stanchart, DBS etc)

The Starsaver savings account interest rate is at an attractive 0.8%, comparable even to some fixed deposit rates.


On top of the savings account, it also offers free unlimited cheque books, which are useful for day-to-day and if u need to transfer large amounts of money quickly to a local bank (DBS, OCBC, UOB) for a hot IPO share application


Have sinced transferred a major bulk of my cash savings to capitalise on the attractive interest rate. Don't think this will last for a long time as I guess it is to attract new customers for the bank. Probably by next year, unless interest rates in general also go up due to inflation and a strong economy, the rates should come down ......