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CIMB To Increase Base Rate, Fixed Deposit Board Rates, BLR And BFR
Last update: 26/01/2018

KUALA LUMPUR, Jan 26†(Bernama) --††In response to Bank Negara Malaysia's (BNM) overnight policy rate (OPR) increase from 3.00 per cent to 3.25 per cent, CIMB Bank Bhd and CIMB Islamic Bank Bhd today†announced corresponding increases in its Base Rate and Fixed Deposit Board Rates by 0.25 per cent.

Similarly, loans and financing based on Base Lending Rate (BLR) and† Base Financing Rate (BFR) respectively will be increased by 0.25 per cent, CIMB said in a statement today.

All rate changes will be effective Feb 2, 2018.



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US 3.9030/9080
S'pore 2.9544/9597
100 Yen 3.6507/6564
Sterling 5.4431/4521
Euro 4.8030/8104
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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