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CIMB review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

CIMB's savings account charges a monthly fee of MYR 0 and pays a variable rate of 0.25%, so it suits teens and savers in Malaysia who want everyday access without a monthly charge. Currency conversion is the weak spot: the fee of 2% sits well above the site median of 0.5%.

Key facts

Best for
Teens and Malaysian savers who want an easy-access account with no monthly fee and ATM withdrawals included.
Monthly fee
MYR 0↗
Currency conversion fee
2%↗
Transfer fee
RM0.50 per transaction for funds transfer to banks within the MEPS Shared ATM Network↗
Legal entity
CIMB Bank Berhad↗
Headquarters
Malaysia↗
Support channels
Phone, Help-centre↗
Audience
Teens
Pricing model
No monthly fee
Features
Free ATM withdrawals
Official website
cimb.com

Savings

Headline rate
0.25%↗
Rate type
Variable↗
Access terms
Withdraw funds at any time via ATM, online or branch↗
Account kind
Easy access↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaXLinkedInyoutube.com

Pros and cons

Pros

  • A monthly fee of MYR 0 on the savings account, matching the no monthly fee model and the site median of €0.
  • Money stays reachable because the account is easy access and the terms let you Withdraw funds at any time via ATM, online or branch.
  • ATM withdrawals are covered by the free atm feature, and support runs on phone and help centre.

Cons

  • Currency conversion costs 2%, well above the site median of 0.5% and the everyday account median of 0.22%.
  • The variable rate of 0.25% is below the site median of 3%, and it can move rather than being locked.
  • Support runs on phone and help centre only, so chat and email are not on the list.
CIMB

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Scored 8.8 / 10 by VaultCue.

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Who it suits

  • Teens and savers in Malaysia: the stated audience is teen, and the account is easy access with no monthly fee.
  • Anyone banking with CIMB Bank Berhad in MY who needs cash or branch access, since you can Withdraw funds at any time via ATM, online or branch.

Who should look elsewhere

  • Readers who spend in other currencies: bunq, Pixpay FR and bunq Spain Bank Account are worth checking, since CIMB's conversion fee of 2% is high next to the site median of 0.5%.
  • Readers comfortable with a monthly charge: Pixpay FR charges a monthly fee of €3.99, where CIMB's savings account runs at MYR 0.

How CIMB compares

Where CIMB is available

Available
Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the CIMB savings account cost each month?+

The savings account has a monthly fee of MYR 0, which fits the no monthly fee model. Accounts in the comparison cluster at the site median of €0, so CIMB sits in the cheapest group on running costs. The cost to watch instead is currency conversion.

What interest rate does the account pay?+

The account pays 0.25% at a rate type of variable, so the figure can move with the bank instead of being fixed for a term. That is below the site median of 3% for headline rates, which matters if you are saving towards a fixed target.

How much does CIMB charge to convert currency?+

Converting currency costs 2%, which is above the site median of 0.5% and above the everyday account median of 0.22%. If most of your spending happens in another currency, that fee matters more than the monthly cost.

Can I get to my money at any time?+

The terms state that you can Withdraw funds at any time via ATM, online or branch, so this is an easy access account rather than a fixed term product. ATM withdrawals are covered by the free atm feature, which is handy for teens and for anyone who needs cash without giving notice.

What does it cost to move money out?+

Transfers to banks within the MEPS Shared ATM Network carry a per transaction charge, and currency conversion on a card costs 2%. ATM withdrawals themselves are covered by the free atm feature. Readers who move money often should weigh that per transaction charge next to the conversion fee.

Who is the account aimed at?+

The stated audience is teen, and the bank behind the account is CIMB Bank Berhad, based in Malaysia. That makes it a natural fit for Malaysian savers who bank locally. Readers who hold money in another currency should look at the conversion fee first.

How do I get help?+

Support runs on phone and help centre, which covers a phone line and a help centre. Chat and email are not on that list, so readers who prefer written replies should weigh that before opening. Phone support fits well for anyone who wants to talk the problem through.

What kind of account is this?+

The account kind is easy access and the pricing model is no monthly fee, so the monthly fee of MYR 0 is the easiest cost to check. Interest is paid at a variable rate of 0.25%, and the account belongs to CIMB Bank Berhad.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currencies.

CIMB

CIMB

Teens and Malaysian savers who want an easy-access account with no monthly fee and ATM withdrawals included.

8.8/10See alternatives