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CIMB Singapore has implemented new changes to its fixed deposit interest rates effective 14 May 2025, reflecting a reduction across various tenures compared to the most recent revision earlier this month.
In a strategic move, CIMB Singapore has adjusted its fixed deposit (FD) interest rates downward for specific tenure categories, with the highest rate now capped at 2.25% per annum. This latest rate structure comes just two weeks after its 1 May 2025 revision, where rates were slightly higher across similar terms.
CIMB Fixed Deposit Interest Rates (Effective 14 May 2025)
The following table outlines the revised online promotional interest rates available for deposits of S$10,000 and above under both Personal Banking and Preferred Banking segments:
| TENURE | 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 | 2.20 | 2.25 |
| 6 Months | 2.10 | 2.15 |
| 9 Months | 1.90 | 1.95 |
| 12 Months | 1.90 | 1.95 |
Eligibility and Deposit Requirements
To benefit from the updated promotional rates, customers must place a minimum of S$10,000 through online channels. The promotional rates are applicable to both Personal Banking and Preferred Banking customers who transact digitally.
For more details on the eligibility conditions and terms, customers may refer to the official CIMB Fast Fixed Deposit Promotion Terms & Conditions.
Alternative Fixed Deposit Product: Interest Paid Upfront
In addition to standard fixed deposit options, CIMB also offers the Why Wait Fixed Deposit-I Account, designed for those preferring immediate interest disbursement. However, it is important to note that promotional rates are not applicable for this particular product.
Where to Find the Latest Rates
To keep abreast of the latest fixed deposit interest rates and promotional updates, visit CIMB Singapore’s official fixed deposit account page.
Compare Rates Across Singapore
For those keen to explore other competitive time deposit offerings across banks in Singapore, a comprehensive comparison is available here.
While this latest adjustment by CIMB signifies a downward trend in deposit rates, the bank remains a viable choice for savers looking for safe and accessible savings options. Financial advisors recommend that customers act promptly if they wish to secure current rates, as further revisions may follow based on market movements.
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