CIMB Singapore SGD fixed deposit offers up to 1.50% p.a. from 1 Jul 2026

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CIMB Bank Singapore has refreshed its Singapore Dollar Fixed Deposit promotional rates, with online placements offering up to 1.50% p.a. for Preferred Banking customers and up to 1.45% p.a. for Personal Banking customers. 🏦

The refreshed promotion started on 1 Jul 2026, with promotional rates ranging from 1.30% p.a. to 1.50% p.a. depending on customer segment and selected tenor. Placements are made online, with a minimum of S$10,000 per placement and a maximum of S$1,000,000 per placement.

Compared with the earlier 20 Jun 2026 update, the 6-month promotional rate has increased by 0.05 percentage point p.a. for both Personal Banking and Preferred Banking customers. Personal Banking customers now get 1.40% p.a. for 6 months, while Preferred Banking customers now get 1.45% p.a. for the same tenor. 💹

For savers who prefer a fixed return over a set period, a SGD fixed deposit can be a straightforward way to park cash without exposure to daily market movements. The trade-off is liquidity: funds are generally meant to stay in the fixed deposit until maturity, and early withdrawal may reduce or remove the promotional interest benefit.

📌 Key highlights

• Promotion status: Available from 1 Jul 2026, with rates subject to change or withdrawal by CIMB.
• Placement channel: Online placement through CIMB digital banking channels.
• Minimum placement: S$10,000 per placement.
• Maximum placement: Up to S$1,000,000 per placement. Multiple placements may be made in an eligible account, while placements above S$1,000,000 are subject to CIMB’s discretion.
• Eligible account types: Personal and joint accounts.
• Highest listed rate: 1.50% p.a. for Preferred Banking customers on the 9-month and 12-month tenors.
• Best Personal Banking rate: 1.45% p.a. on the 9-month and 12-month tenors.
• Preferred Banking uplift: Preferred Banking customers receive 0.05 percentage point p.a. more than Personal Banking customers across all listed tenors. 💹
• Rate certainty: Once the fixed deposit is successfully placed, the applicable promotional rate is fixed until maturity.
• Maturity handling: Unless different maturity instructions are given, principal and interest may be renewed at CIMB’s prevailing promotional rate, if available, or the board rate for the same tenor.

Existing customers can refer to CIMB’s SGD Fixed Deposit placement guide for existing customers (PDF), which explains the online placement flow, including tenor selection, placement amount, maturity instructions, source of funds and source of wealth declaration.

📊 CIMB Singapore SGD Fixed Deposit promotional rates

The rates below apply to online SGD Fixed Deposit placements from S$10,000 to S$1,000,000 per placement. The 9-month and 12-month tenors currently offer the highest listed promotional rates for both customer segments.

💡 What the rates mean

The 9-month and 12-month tenors stand out, with 1.45% p.a. for Personal Banking customers and 1.50% p.a. for Preferred Banking customers. For a simple illustration, a S$10,000 placement at 1.50% p.a. for 12 months works out to about S$150 in gross interest if held to maturity, while the same amount at 1.50% p.a. over 9 months works out to about S$112.50 in gross interest. Actual payout depends on CIMB’s terms, successful placement and maturity handling.

Shorter tenors such as 3 months and 6 months may suit funds that need to remain relatively accessible. Longer tenors such as 9 months and 12 months may suit spare cash that can stay untouched for a longer period in exchange for the highest listed promotional rates. 📈

🔎 Eligibility and placement details

• The promotion is open to eligible new and existing CIMB Singapore customers, subject to onboarding, account approval and bank checks.
• For applications through CIMB’s online application form, a CIMB FastSaver account will be opened to support the SGD Fixed Deposit placement.
• New online applicants need to complete account opening by transferring funds from another Singapore bank into the new CIMB FastSaver account.
• The CIMB FastSaver account will be used for the fixed deposit placement and for receiving funds when the placement matures.
• Existing customers can place fixed deposits through CIMB’s online channels, subject to approval and checks.
• Preferred Banking customers should confirm the displayed customer segment and promotional rate before placement.
• The promotion cannot be combined with other offers, promotions or privileges unless CIMB allows otherwise.
• Promotional rates may change, so the rate shown at the point of placement should be checked before confirming the transaction.

⚠️ Early withdrawal considerations

A fixed deposit is usually best suited for cash that can remain untouched until maturity. If the placement is terminated early, CIMB’s promotional fixed deposit rates will not apply. Interest may be lower or zero, and interest is payable only for each completed quarter. It is sensible to keep emergency cash separate before locking in a fixed deposit amount.

🛡️ Deposit protection note

Singapore dollar deposits of non-bank depositors are insured up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Read CIMB’s official SGD Fixed Deposit product page and CIMB Fast Fixed Deposit Promotion Terms & Conditions (PDF) for full eligibility rules, approval requirements, maturity instructions and early withdrawal terms.

💡 Alternative option: CIMB Why Wait Fixed Deposit-i

CIMB also offers the Shariah-compliant Why Wait Fixed Deposit-i Account, which is structured differently from a conventional fixed deposit, with profit paid upfront instead of at maturity.

Because the structure differs, the return experience may not be the same as the SGD Fixed Deposit promotional table above. Product terms should be reviewed carefully, especially conditions relating to early termination, upfront profit treatment, rebate or ibra’ and how the Security Deposit is handled.

CIMB’s SGD Fixed Deposit rates page lists Why Wait Fixed Deposit-i online promo profit rates for S$10,000 and above at 1.30% p.a. for 3 months, 1.40% p.a. for 6 months, 1.45% p.a. for 9 months and 1.45% p.a. for 12 months. These rates are separate from the SGD Fixed Deposit Personal Banking and Preferred Banking rates listed above.

🔎 Compare before placing funds

Fixed deposit rates in Singapore can move as banks adjust to market conditions. Before placing funds, compare tenor, interest rate, minimum amount, early withdrawal treatment and maturity instructions. This makes it easier to choose between short-tenor flexibility and longer-tenor rate certainty. 📉📈

• Compare other savings and fixed deposit options in Singapore: Singapore deposit rate comparison guide
• View CIMB’s official product information: CIMB SGD Fixed Deposit page

Overall, this refresh is most useful for savers with spare SGD funds who can commit to a fixed tenor, especially those considering the 9-month or 12-month options where the highest promotional rates are listed. ✅

All rates and promotions are subject to change at CIMB’s discretion. Check the latest terms and prevailing rates directly with the bank before making any fixed deposit placement.

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