CAB | Cambodia Asia Bank Plc,

Step-Up 9 Plus Fixed Deposit

Step-Up 9 Plus Fixed Deposit

Step-Up 9 Plus is a fixed deposit account that provides customers the highest interest rate up to 9.90%p.a within the 9-month period.
Step-Up 9 Plus is purposely created for customers who are looking for a trusted bank to make a fixed deposit by offering the highest interest rate on a very short-term basis. Customers could also enjoy extra privileges provided by Cambodia Asia Bank.
Step-Up 9 Plus, one step closer to achieve your dream!
Additional Benefits
1. Credit line limit up to 90% of total FD amount under “Step-up 9 Plus” with the interest rate of 8% p.a
2. Free Annual Fee for Gold Debit Card
3. Free cheque book
4. Free Payroll facility for company
5. Free charge of Inward remittance
6. Waive cable charge for outward remittance
Requirement
Minimum Age: Applicant :16 years at the time of application
Must have any CAB Account
Administration Document:
1. Complete Application Form
2. National ID or Passport for individual
3. Related document for company
Step-Up 9 Plus Terms and Conditions
1. Step-Up 9 Plus Product Feature
      - Step-Up 9 Plus is a 9 months fixed deposit
      - Minimum deposit is USD 1,000 and Maximum USD 500,000 per certificate
      - Multiple Accounts opening is allowed
2. Account Eligibility
      - Individual Account
      - Joint Account
      - Corporate Account
3. Account Ownership
      - Step-Up 9 Plus Fixed Deposit Account will be opened under the name of source account.
      - For new to bank customers, a source account which can either be a savings or current deposit account will be required for the crediting of monthly interest and principal pay out.
4. Access to Funds
      - Account can be viewed via alternative banking channels enabled by the bank
      - No passbook, ATM card, cheque book will be offered for this account
      - No partial withdrawal is allowed
5. Interest Rate
      - 1st – 2nd Months                    Rate 2.60% p.a
      - 3rd – 4th Months                    Rate 3.70% p.a
      - 5th – 8th Months                    Rate 5.10% p.a
      - 9th Months                             Rate 9.90% p.a
6. Interest Payment Method
      - Interest will be paid monthly to the designated source and pay out account.
      - Interest will be paid at the end of the month based on the account opening date.
      - 6% withholding tax for resident and 14% for non-resident will be shouldered by the account holder and will be deducted from the monthly interest payment. Net interest after tax will be credited to the designated source pay-out account.
7. Pre termination
      - In case of pre maturity withdrawal, the account is not entitled to earn interest on the month when the withdrawal was made.
      - No pre termination charge.
      - There is no minimum holding period.
8. 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.
9. CAB Bank reserves the right to change the terms and conditions contained herein and shall notify the Deposito/s of such changes. The new terms and conditions shall then be binding to the Depositor/s.