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CIMB Bank Singapore has further reduced its promotional fixed deposit (FD) rates, capping the highest rate at 1.9% per annum.
Update 7 July: CIMB S’pore cuts fixed deposit promo rates again from 7 July, now capped at 1.8% p.a.
This latest adjustment reflects the bank’s continued alignment with prevailing market interest trends and economic outlook.
The rate revision follows swiftly on the heels of a previous change made on 20 June 2025. CIMB had already trimmed its FD promo rates to a peak of 2% p.a. as of 20 June. The newest revision now marks a downward adjustment in under a month, underscoring the bank’s dynamic recalibration of its deposit products.
Promotional Rates
Under the revised promotion effective from 1 July, CIMB offers differentiated rates for Personal Banking and Preferred Banking clients. Customers must deposit a minimum of S$10,000 online to qualify. As before, Preferred Banking customers enjoy marginally higher rates across all tenors.
| Tenor | PERSONAL BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE | PREFERRED BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE |
|---|---|---|
| 3 Months | 1.85 | 1.90 |
| 6 Months | 1.75 | 1.80 |
| 9 Months | 1.55 | 1.60 |
| 12 Months | 1.55 | 1.60 |
These promotional FD rates are exclusively available via CIMB’s online channels. The limited-time offer may end without prior notice, making it timely for savers to act fast amid persisting global economic uncertainty and volatile rate cycles.
Eligibility and Deposit Details
To enjoy the updated promotional FD rates, individuals must deposit a minimum of S$10,000 using CIMB’s online banking system. The offer is extended to both new and existing CIMB clients under the Personal or Preferred Banking categories. For full terms and applicable conditions, clients may refer to the Fixed Deposit Promotion Terms & Conditions.
Alternative Product – Why Wait Fixed Deposit-I Account
For customers looking for a different deposit structure, CIMB continues to feature the Why Wait Fixed Deposit-I Account. This option delivers interest payouts upfront upon account opening. However, it does not qualify for the current round of promotional interest rates, especially those reserved for Preferred Banking clients.
Comparative Market Insights
To benchmark CIMB’s FD rates against other financial institutions in Singapore, readers may consult the latest fixed and time deposit comparison guide. This curated list is updated frequently and provides a comprehensive snapshot of available deposit rates in the market.
Customers keen to monitor CIMB’s fixed deposit deals and periodic updates can visit the bank’s official fixed deposit webpage. CIMB regularly updates this resource with current promotional offerings, helping customers plan their savings strategy.
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