(EXPIRED) CIMB Singapore SGD fixed deposit offers up to 1.6% p.a. from 1 Aug 2026

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CIMB Bank Singapore has refreshed its Singapore Dollar Fixed Deposit promotional rates, with eligible Preferred Banking customers receiving up to 1.60% p.a. on selected tenors.

Update: CIMB Singapore SGD fixed deposit offers up to 1.75% p.a. from 7 Aug 2026

Available from 1 Aug 2026, the online promotional rates range from 1.35% p.a. to 1.60% p.a., depending on the customer segment and chosen tenor. Each qualifying promotional placement requires at least S$10,000. The promotional maximum is S$1,000,000 per placement, although CIMB may accept a higher amount at its discretion.

At the top end, the latest rate is 0.10 percentage point higher than the maximum shown in the earlier 1 Jul 2026 update. The strongest listed rates apply to the 9-month and 12-month tenors. 📈

A fixed deposit can suit cash set aside for a defined period, offering a known promotional rate after successful placement. The main trade-off is reduced flexibility, as an early withdrawal may result in lower interest or no promotional interest.

📌 Promotion highlights

• Placement channel: Online through CIMB digital banking channels.
• Promotional minimum: S$10,000 per placement. Standard board-rate placements can start from S$1,000 for tenors of three months or longer, while one- and two-month board-rate placements require S$5,000.
• Maximum placement: S$1,000,000 per placement. Multiple placements may be held in an eligible account, while amounts above S$1,000,000 remain subject to CIMB’s discretion.
• Eligible account ownership: Personal and joint accounts.
• Completion deadline: The placement must be fully funded, all required information and documents must be provided, and CIMB’s checks must be completed within the promotional period. CIMB may reject or cancel an incomplete placement and return the funds.
• Possible verification call: A video call may be conducted during new-account verification.
• Rate certainty: The applicable promotional rate is fixed until maturity once the placement is successfully completed.
• Segment advantage: Preferred Banking rates are 0.05 percentage point above Personal Banking rates for every listed tenor.
• Maturity handling: Unless different maturity instructions are supplied, the principal and interest will be renewed at CIMB’s prevailing promotional rate, when available, or the board rate for the same tenor.

Existing customers can follow CIMB’s SGD Fixed Deposit placement guide for existing customers (PDF). The guide covers tenor selection, placement amount, maturity instructions, source of funds and source of wealth declarations.

📊 CIMB Singapore SGD Fixed Deposit promotional rates

The following rates apply to eligible online SGD Fixed Deposit placements from S$10,000 to S$1,000,000 per placement.

🔎 Eligibility and online placement details

• The promotion is open to eligible new and existing CIMB Singapore customers, subject to onboarding, account approval and bank checks.
• An application through CIMB’s online form includes the opening of a CIMB FastSaver account to support the fixed deposit placement.
• New online applicants complete account opening by transferring funds from another Singapore bank into the new CIMB FastSaver account.
• The CIMB FastSaver account serves as the funding account and receives the proceeds when the fixed deposit matures.
• Existing customers can place fixed deposits through CIMB’s online channels, subject to approval and checks.
• Preferred Banking customers should verify the displayed customer segment and promotional rate before confirming a placement.
• The promotion cannot be combined with other offers, promotions or privileges unless CIMB permits otherwise.
• The rate displayed at the point of placement should be checked carefully, as promotional rates may change.

⚠️ Early withdrawal considerations

Funds placed in a fixed deposit are generally best left untouched until maturity. When a placement is terminated early, the promotional rate does not apply. Interest may be reduced to zero, and any interest payable is calculated only for each completed quarter. Keeping emergency funds outside the fixed deposit can reduce the risk of an unplanned early withdrawal.

🛡️ Deposit protection in Singapore

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

Full product details are available on CIMB’s official SGD Fixed Deposit product page and in the CIMB Fast Fixed Deposit Promotion Terms & Conditions (PDF). These resources cover eligibility, approval requirements, maturity instructions and early withdrawal terms.

💡 Alternative: CIMB Why Wait Fixed Deposit-i

The Shariah-compliant CIMB Why Wait Fixed Deposit-i Account follows a different structure from a conventional fixed deposit, with profit paid upfront rather than at maturity.

For online placements of S$10,000 and above, the listed promotional profit rates are 1.35% p.a. for three months, 1.50% p.a. for six months, and 1.45% p.a. for both nine and 12 months. The three- and six-month rates match the conventional Personal Banking rates, while the nine- and 12-month rates are 0.10 percentage point lower.

🔎 Compare the full package before placing funds

A headline rate is only one part of the decision. Compare the tenor, minimum placement, customer-segment requirement, early withdrawal treatment and maturity instructions before locking in cash. Shorter tenors offer earlier access to funds, while longer tenors can secure the listed rate for a longer period. 📉📈

• Compare more Singapore savings and fixed deposit choices in the Singapore deposit rate comparison guide.
• Review CIMB’s CIMB SGD Fixed Deposit page before confirming a placement.

For eligible savers comfortable setting aside at least S$10,000, the refreshed rates offer a straightforward choice between shorter access and a higher total return over a longer tenor. Checking the live rate and maturity instructions immediately before placement remains essential. ✅

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 a fixed deposit placement.

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