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.
![](https://4.bp.blogspot.com/-_VYfRJQ-b4w/Ub_R2VOVjDI/AAAAAAAAB7E/800oNaWej90/s400/20130618_095130.jpg) |
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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