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CIMB Bank Singapore has once again revised its promotional fixed deposit (FD) rates, with the highest rate now capped at 1.8% per annum, effective 7 July 2025.
This latest downward adjustment comes less than a week after the bank’s previous revision on 1 July 2025, which had already lowered the top FD rate to 1.9% p.a. The rapid succession of changes reflects CIMB’s response to evolving economic conditions and shifting interest rate landscapes in the region.
Revised Promotional Fixed Deposit Rates
From 7 July 2025, CIMB’s updated promotional FD campaign introduces tiered interest rates across various tenors for two customer segments – Personal Banking and Preferred Banking. All placements must be made online, with a minimum deposit of S$10,000 to qualify. Preferred Banking customers receive slightly higher rates across all terms.
| 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 | 1.75 | 1.80 |
| 6 Months | 1.65 | 1.70 |
| 9 Months | 1.45 | 1.50 |
| 12 Months | 1.45 | 1.50 |
These promotional rates are available exclusively through CIMB’s online banking channels. The promotion is time-limited and subject to change without prior notice, aligning with broader trends of market volatility and cautious monetary outlooks.
Eligibility Criteria and Application Details
To access the revised FD promo rates, individuals must make a minimum placement of S$10,000 via CIMB’s online banking platform. The offer is open to both new and existing customers in either the Personal Banking or Preferred Banking segment.
Interested individuals are encouraged to review the full Fixed Deposit Promotion Terms & Conditions to understand the applicable eligibility criteria, tenor options, and promotional mechanics.
Other Deposit Options – Why Wait Fixed Deposit-I Account
In addition to standard FD placements, CIMB continues to offer the Why Wait Fixed Deposit-I Account. This Shariah-compliant account delivers upfront interest payment upon account opening, offering an alternative structure to traditional deposits. However, it does not have the enhanced rates for Preferred Banking clients.
Keeping Track of Market Trends
For those keen on benchmarking CIMB’s latest rates against other local offerings, a curated comparison guide is available to help consumers assess the most competitive FD and time deposit promotions in Singapore.
Additionally, ongoing updates about CIMB’s fixed deposit offerings can be found on the bank’s official FD webpage, where clients can stay informed about new promotions, eligibility updates, and rate fluctuations.
Final Thoughts
The back-to-back revisions signal a cautious and agile approach from CIMB Bank Singapore amid a broader regional trend of moderating deposit interest rates. As rate cycles continue to shift, depositors are urged to review options closely and consider timing before locking in tenors.
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