Invest Made Easy

CIMB's "FORTUNE 10 CONTEST", Want to win 10% p.a on your Current/Savings Account?

Shane My
Publish date: Tue, 18 Jun 2013, 01:36 PM
Shane My
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Like many of us, we seek for financial security and ultimately financial freedom. This blog is intended to act as a journal of investment as I journey towards that dream. At the same time, I hope that the articles written here would also benefit many others who share the same vision as me.
Here's another contest coming from the 2nd largest bank in Malaysia. The "Fortune 10 Contest" by CIMB is a promotional campaign to boost new account openings as well as to encourage the pubic to stash save more money into their current and/or savings accounts. The full page advertisement promoting this contest on theStar paper caught my attention especially when it says 10% interest per annum on current and/or savings account balances.

10% p.a...yummy fortune cookies
Kudos to CIMB's promotion team for coming up with a catchy Ad such as the one above. Using 10% per annum as contest price is indeed an attractive proposition for anyone especially when the Fixed Deposit rates are only ranging from 3-4%. 
 
Nice...very nice indeed...Never the less, lets take a look at what is this competition all about and explore if there is any catch to it.
 
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