KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd will reduce their base rate and fixed deposit/ fixed return income Account-i board rates by 50 basis points with effect from May 13.
The bank said on Tuesday the reduction in the rates followed Bank Negara Malaysia's decision to slash the Overnight Policy Rate by 50 basis points from 2.50% to 2%. The 2% is the lowest since 2010.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!