CIMB Islamic, Islamic banking arm of CIMB Group recently launched a new Islamic Structure Fund called Best of Asian Giants Access NID-i. This fund is to addresses the need of investor for a combination of safe, regular income and the potential arising from the expansion of China and India.
Best of Asian Giants Access NID-i has an unique aspect called “best performer feature”. It will automatically selects the best possible access to China and India’s economic growth, provide unlimited variable annual returns. CIMB claim this feature as good as investing with Hindsight.
The minimum investment amount is RM65,000 and in further multiplies of RM5,000, thereafter. It opened for subscription for a limited offer period that ends on Feb 3.
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January 14, 2010
Credit Card
Affin Bank,
Alliance Bank,
AMEX,
Balance Transfer,
CIMB Bank,
Citibank,
Direct Access,
EON Bank,
Maybank,
MBF Cards,
Standard Chartered,
UOB
A credit card balance transfer is the transfer of the balance or debt in a credit card account to an account held at another credit card company.
Due to recent credit card tax imposed by government, many credit cards issuers is doing balance transfer promotions as part of their strategy to retain its customer. The credit card issuers are giving a great promotions ranging RM50 rebate per balance transfer to 0% interest free balance transfer. Actually this is great for customers. It will offer great saving for those who would like to use this facility.
If you have unsettle credit card debt, it is wise to do balance transfer in order to save the interest. With such a low balance transfer fee, it is certainly much better than personal loan to clear out credit card debt.
Below are list of recent balance transfer promotion.
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January 13, 2010
Statistics
Affin Bank,
Alliance Bank,
AmBank,
Bank Islam,
CIMB Bank,
EON Bank,
Hong Leong Bank,
Maybank,
Public Bank,
RHB Bank
Do you know how big is Malaysian Banks in terms of their assets size, loans size or market capitalization? Which banks biggest & which one is the smallest? With the recent news that Hong Leong Bank going to acquire EON Bank, it is interesting to see the ranking of Malaysian Banks.
The table below shows Malaysian Banks ranking based on their assets size, loan size & market capitalization as at the end of 2009. International banks and non-public listed are excluded from the lists.
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In conjunction with first year anniversary for Max InvestSave, CIMB is having a special promotion which will ends on the 31st December 2009.
For those who are not familiar with Max InvestSave investment, you can find more information in CIMB Max InvestSave Investment Funds.
There are 4 different promotions going on concurrently. They are;
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CIMB recently launched a new product called CIMB Prime plan. This product is targeting to a segment of customers who are at the stage of accumulating wealth. It is Ideal for graduates, young professionals, managers and business owners with household monthly incomes of between RM7,000 and RM8,000.
CIMB Prime Plan is offering a comprehensive package of banking products and lifestyle benefits including interest bearing saving account and credit card. With Prime Savings Account, customers can earn up to an additional interest rate of 1 per cent a year for a minimum deposit of RM200 a month. Customers also will be given standby overdraft facility and a home financing option that allows customers to re-price their housing loan every five years and enjoy preferential rates.
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