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From 12 June 2025, CIMB Singapore has implemented a downward revision of its fixed deposit (FD) interest rates, following an earlier rate adjustment on 1 June 2025.
This latest move marks a continued trend in the bank’s response to shifting market dynamics.
As part of the update, CIMB’s promotional fixed deposit interest rates now reach a maximum of 2.1% per annum, a slight decline from the previously capped rate of 2.2% p.a. announced earlier this month.
Revised Rates for Personal and Preferred Banking
The updated promotional rates apply to both Personal Banking and Preferred Banking customers, provided they deposit a minimum of S$10,000 online. The interest rates vary by tenure, with Preferred Banking clients enjoying marginally higher returns.
| TENURE | PERSONAL BANKING ONLINE PROMO (% P.A.) S$10,000 AND ABOVE | PREFERRED BANKING ONLINE PROMO (% P.A.) S$10,000 AND ABOVE |
|---|---|---|
| 3 Months | 2.05 | 2.10 |
| 6 Months | 1.95 | 2.00 |
| 9 Months | 1.75 | 1.80 |
| 12 Months | 1.75 | 1.80 |
These are time-limited promotional rates and are exclusively available through CIMB’s digital platforms. Customers are encouraged to take advantage of them while they remain in effect.
Application Criteria and Eligibility
To access the promotional interest rates, individuals must make a minimum deposit of S$10,000 via CIMB’s online banking channels. The offer is open to both new and existing clients under either the Personal or Preferred Banking segments. Further details and full terms can be found in the official Fixed Deposit Promotion Terms & Conditions.
Option for Upfront Interest Payout
In addition to standard FD products, CIMB continues to offer the Why Wait Fixed Deposit-I Account. This unique offering allows customers to receive their interest payout immediately upon placing funds. However, it is important to note that this option is not eligible for the promotional rates available to Preferred Banking clients.
Keeping Up with CIMB’s Latest Rates
To remain updated on the latest interest rate promotions, customers can visit CIMB’s official fixed deposit page. This platform reflects all current offerings and promotional terms as they become available.
Comparing Across the Market
For those exploring more competitive options, a regularly maintained list of top-performing fixed and time deposit products across various financial institutions in Singapore is available here. This page assists savers in making informed, interest-optimised decisions.
As interest rates fluctuate in response to monetary policy and market liquidity, depositors are advised to stay informed and review their savings strategies regularly.
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