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CIMB Bank Singapore has revised their promotional fixed deposit (FD) interest rates, with the highest return now capped at 1.65% per annum.
This latest rate change closely follows an earlier revision on 16 July 2025, during which the maximum promotional FD rate was adjusted downward to 1.7% p.a.
Fixed Deposit Interest Rates from 1 August 2025
From 1 Aug 2025, CIMB’s promotional FD interest rates apply exclusively to online placements, with tiered interest structures tailored for Personal Banking and Preferred Banking segments. The minimum qualifying deposit remains fixed at S$10,000.
Preferred Banking customers enjoy marginally higher rates across all tenors compared to those in the Personal Banking category, reflecting a tiered benefits approach.
| 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 | 1.60 | 1.65 |
| 6 Months | 1.50 | 1.55 |
| 9 Months | 1.30 | 1.35 |
| 12 Months | 1.30 | 1.35 |
These preferential rates are subject to change at the bank’s discretion and are limited strictly to digital placements made through CIMB’s online banking platform. The frequency of adjustments highlights the dynamic economic environment and the bank’s strategy in maintaining balanced deposit growth amidst ongoing interest rate shifts.
Eligibility Requirements and Application Process
The promotional FD scheme is accessible to both new and existing CIMB account holders in Singapore, provided they fall within the Personal or Preferred Banking segments. To enjoy these rates, customers must initiate the deposit online and meet the S$10,000 minimum placement threshold.
Those interested in participating are strongly encouraged to review the full Fixed Deposit Promotion Terms & Conditions to understand eligibility, term structures, and campaign limitations.
Alternative Option: Why Wait Fixed Deposit-I Account
Aside from traditional FDs, CIMB continues to offer the Why Wait Fixed Deposit-I Account. This Shariah-compliant option offers an upfront return upon placement, appealing to customers who prefer to receive returns at the start rather than upon maturity. However, it does not include the promotional tiered rates offered to Preferred Banking clients.
Comparing Across the Market
Savers comparing options can consult a comprehensive fixed deposit rate comparison guide to evaluate similar offerings across multiple financial institutions.
To stay updated on future promotional changes, interest rates, and eligibility details, customers can visit CIMB’s official FD page, which is updated with the latest product information, including ongoing campaigns and their corresponding terms.
Conclusion
In light of shifting economic dynamics and monetary conditions, CIMB Bank Singapore’s adjustment of its FD promotional rates from 1 August 2025 signifies its ongoing strategy to align deposit offerings with market trends. Customers are advised to assess their short-term savings goals and consider digital placements to maximise their interest returns. As always, understanding the terms and comparing options will help make better-informed financial decisions in this ever-evolving landscape.
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