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RETAIL BANKING | Cesar Tordesillas, Malaysia

CIMB receives good response with Youth Savings Account

CIMB Bank Bhd's youth savings account, YOUth, has attracted 95,000 youth since its launch in June last year.


"Before the launch of this youth savings account we had about 100,000 youngsters saving with us. It's doing very well. It's a fantastic result and we are happy with the performance," said Peter England, CIMB Head of Retail Financial Services.

CIMB YOUth is a unique banking experience in that, it encourages saving in a fun and rewarding way for youths, aged between 12 and 23 years.

The product comes with a YOUth Savers Account with a minimum RM100 monthly deposit that offers a higher interest rate compared to a regular savings account, and up to 100 per cent bonus interest for regular savers.

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