“Step-Up 9 Plus+” is a 9-month Fixed Deposit account from Cambodia Asia Bank designed to help you grow your savings quickly. With an attractive interest rate of up to 9.50% per annum, this product offers a secure and rewarding way to maximize your funds with high returns.

Step up your financial future by starting to save today!

Limitation

• Minimum Placement: KHR 4,000,000 or USD 1,000 per certificate.
• Maximum Placement: KHR 2,000,000,000 or USD 500,000 per certificate.
• Multiple "Step-up 9 Plus+" accounts are allowed.

Interest rate for Step-Up 9 Plus+ in 9 months

Benefits

1. High interest rate up to 9.50% p.a. for 9 months term deposit period.
2. Credit line limit up to 90% of total fixed deposit amount under "Step-up 9 Plus+" with the interest rate of 8.00% p.a.
3. Free annual fee for the first year for Debit Card.
4. Free one chequebook.
5. Free Payroll facility for the company while "Step-up 9 Plus+" account is active.
6. Free of charge for Inward remittance up to 03 times per month while the "Step-up 9 Plus+" account is active.
7. Waive cable fee charge for outward remittance up to 03 times per month while the "Step-up 9 Plus+" account is active.
8. No fee charge for pre-termination.

Step-Up 9 Plus+ Terms and Conditions

1. Step-Up 9 Plus+ Product Feature

• Step-Up 9 Plus+ is a 9-month fixed deposit account; that interest rate will differ, followed by tire month interest rate.
• Minimum deposit amount is KHR 4,000,000 or USD 1,000.
• Maximum deposit amount is KHR 2,000,000,000 or USD 500,000.
• Multiple Accounts opening is allowed.

2. Account Eligibility (For resident only)

• Individual or Joint Account
• Corporate Account

3. Account Ownership

• Step-Up 9 Plus+ Fixed Deposit Account will be opened under the name of the source account.
• For new bank customers, a source account, which can either be a savings or current deposit account, will be required to credit monthly interest and principal payout.

4. Access to Funds

• The account can be viewed via alternative banking channels enabled by the bank.
• No passbook, ATM card, or chequebook will be offered for this account.
• No partial withdrawal is allowed.

5. Interest Payment Method

• Interest will be paid monthly to the designated source and payout account.
• Interest calculated following the tire month interest rate will be paid at the end of the month based on the account opening date.
• The account holder will shoulder 6% withholding tax for residents and be deducted from the monthly interest payment. Net interest after tax will be credited to the designated source payout account.

6. Pre termination

• In the case of pre-maturity withdrawal, the account is not entitled to earn interest on the month when the withdrawal was made.
• There are no pre-termination charges.

7. The customer agrees to be bound by the terms and conditions of opening a deposit account as stipulated in the General Terms and Conditions governing the opening and operation of the account.

8. CAB Bank reserves the right to change the terms and conditions contained herein and shall notify the Depositor/s of such changes. The new terms and conditions shall then be binding to the Depositor/s.

How to apply?

1. Visit any CAB Bank branches nearest or contact us via the below channel.
2. Required to have a source account with CAB Bank.
3. Complete our application form.