“Step-up 9 Plus+” is a fixed deposit account that provides customers the highest interest rates within the 9 months period. Cambodia Asia Bank offers an extra interest rate of 1.25% in addition to our previous interest rate. With this special offer, the interest rate for “Step-up 9 Plus+” increases up to 11.15 % per annum.

Limitation

• Minimum Placement: USD 1,000 per certificate
• Maximum Placement: USD 500,000 per certificate
• Multiple "Step-up 9 Plus+" account is allowed.

Interest rate for Step-Up 9 Plus in 9 months

Benefits

1. High interest rate up to 11.15% p.a for 9 months term deposit period in this season2.
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 Visa Debit Card
4. Free one cheque book
5. Free Payroll facility for the company while “Step-up 9 Plus+” account in active
6. Free of charge for Inward remittance up to 3 times while “Step-up 9 Plus+” account in active
7. Waive cable fee charge for outward remittance up to 3 times while “Step-up 9 Plus+” account in active
8. No fee charge on 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
• Minimum deposit amount is USD 1,000 and Maximum deposit amount is 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 the source account.
• For new bank customers, a source account which can either be savings or current deposit account will be required for the crediting of monthly interest and principal payout.

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 Payment Method

• Interest will be paid monthly to the designated source and payout account.
• Interest will be paid at the end of the month based on the account opening date.
• 6% withholding tax for residents and 14% for non-residents 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.

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.
• No pre-termination charges
• There is no minimum holding period.

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’s Bank branches nearest to you or contact us via the below channel.
2. Required to have any type of account with CAB’s Bank (to be paid out/source account)
3. Complete our application form