CIMB Singapore SGD Fixed Deposit promo up to 1.35% p.a. from 1 Mar 2026

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From 1 Mar 2026, CIMB Bank Singapore has refreshed its promotional Singapore Dollar (SGD) Fixed Deposit (FD) rates for both Personal Banking and Preferred Banking customers.

Following the earlier 1 Feb 2026 adjustment, the headline online promotional rate remains at up to 1.35% p.a. for eligible placements. Compared with the previous update, the 12-month promotional tier is also positioned more attractively for longer lock-ins.

For savers based in Singapore seeking steady SGD returns without daily market swings, fixed deposits are a simple “park-and-hold” option: funds are placed for a chosen tenor and typically earn interest for that period, with proceeds received at maturity.

📌 Quick highlights (online promo)

• Online placement only via CIMB digital banking channels 📲 (branch placements generally do not qualify 🚫🏦).
• Minimum S$10,000 per placement (single tranche) 💵.
• Preferred Banking offers a consistent uplift versus Personal Banking (generally +0.05 percentage points p.a. across tenors) 💳✨.
• Rates are promotional and may change; confirm prevailing terms before placing.

📊 CIMB Fixed Deposit Rates (Effective 1 Mar 2026)

Promotional rates below apply to online placements only, with a minimum S$10,000 per placement for both Personal Banking and Preferred Banking 🧾.

The uplift from Personal Banking to Preferred Banking is modest but consistent, which can matter more with larger deposit amounts or longer holding periods. Notably, the 9-month option is the lowest tier, so the shorter or 12-month tenors may look more compelling for rate-chasers (subject to liquidity needs).

🔎 Eligibility & how to place (online-only) 📲

• Open to new and existing CIMB Singapore customers, subject to the bank’s usual onboarding and eligibility checks.
• A CIMB current or savings account is typically used to fund the FD and receive maturity proceeds/interest.
• How placement typically works: existing customers may place online via CIMB digital banking; for online applications, CIMB may open/use a CIMB FastSaver account to facilitate funding, placement, and returns upon maturity ✅.
• When comparing tenors, consider cash flow needs first: CIMB’s promo T&Cs indicate early termination may mean promo rates won’t apply, and interest (if any) is typically calculated only for completed quarters (e.g., terminate after 5 months → interest for 3 months only) 🧾.
• Preferred Banking status usually depends on meeting CIMB’s relationship criteria (for example, balances across accounts and/or investments) – confirm the latest requirements directly with CIMB.
• Deposit protection note 🛡️: Singapore dollar deposits held with scheme members are insured up to S$100,000 per depositor per scheme member (subject to eligibility and SDIC rules).
• Review the official Terms & Conditions (PDF) 📄 for eligibility rules, fees (if any), and early withdrawal consequences.

🧮 Rough interest guide (for quick sense-check) 💡

As a simple rule of thumb, S$10,000 placed at 1.35% p.a. for about one year works out to roughly S$135 in interest (actual interest depends on the bank’s day-count method, crediting method, and product terms).

To manage liquidity, some savers “ladder” placements across different tenors (for example 3-month + 6-month + 12-month) so not all funds mature at the same time. This helps keep part of the cash accessible while still capturing promotional rates where possible.

💡 Alternative option: Why Wait Fixed Deposit-I (upfront profit)

For returns credited upfront, CIMB also offers a Shariah-compliant option: Why Wait Fixed Deposit-I Account. This product is structured differently from a conventional FD, and the expected profit is credited at the start of the tenor.

Because structures differ, the effective outcome may not mirror the promotional FD rates in the table above 🤔. Compare terms carefully – especially any conditions tied to early termination or profit clawback ⚠️.

🔎 Compare before locking in 💬

Fixed deposit rates in Singapore move as banks respond to market conditions 📉📈. For a clearer view, compare across banks and decide between short-tenor flexibility and longer-tenor certainty.

• Benchmark across the market: Singapore deposit rate comparison guide
• Official product details: CIMB SGD Fixed Deposit page

For predictable SGD growth with minimal fuss, CIMB’s online FD promo is a straightforward option – especially for those comfortable locking funds until maturity and selecting the tenor that matches planned cash needs.

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

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