Savings Prestige

We have upgraded saving account features, which are called “Savings Account Prestige, or Saving Prestige” for short with following tiers and pricing, which is also in line with some banks in the in the industry. Customers or accountholders of Chief Bank can enjoy higher interest rate as tabulated, according to each tier of the said products or services, which will be effective on Friday, 11 March 2022, and interest rate will be calculated on the daily balanced basis.

Savings Account Prestige or Saving Prestige (for short)

DESCRIPTION INDIVIDUAL COMPANY FI (Bank, MFI, MDI, Insurance Company etc…)
Min. Opening balance USD 5,000.00 USD 10,000.00 USD 50,000.00
Min. Maintenance Balance USD 2,000.00 USD 5,000.00 USD 50,000.00
Penalty for not Maintaining Min. Balance No fee; just required to fill up
Interest Tier ≤ USD5,000 – 0.75% p.a
≤ USD10,000 – 1.00% p.a
≤ USD150,000 – 1.25% p.a
> USD150,000 – 1.75% p.a
≤ USD10,000 – 0.75% p.a
≤ USD50,000 – 1.00% p.a
≤ USD250,000 – 1.25% p.a
> USD250,000 – 1.75% p.a
≤ USD50,000 – 0.25% p.a
≤ USD500,000 – 0.50% p.a
≤ USD1M – 1.00% p.a
> USD1M – 1.25% p.a
Interest Payout Frequency (Monthly base) Every month-end
Maintenance Fee No
Withdrawal Fee/CSS Free
Passbook/Chequebook Upon customer request
Dormant Fee No
Early Account Closure Fee (6 Months) No