CIMB S’pore trims FD promo rates from 16 July 2025, max rate now 1.7% p.a.

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CIMB Bank Singapore has revised its promotional fixed deposit (FD) interest rates, with the highest rate now capped at 1.7% per annum, starting from 16 July 2025.

This follows a prior adjustment on 7 July 2025, when the top promotional FD rate was reduced to 1.8% p.a. The swift back-to-back changes reflect the bank’s effort to recalibrate its savings offerings amid shifting economic sentiment and fluctuating interest rates in the region.

Revised Promotional Fixed Deposit Rates from 16 July 2025

Effective 16 July 2025, CIMB’s latest promotional FD campaign applies to online placements only, with tiered rates across various tenors. The revised rates apply to two customer segments – Personal Banking and Preferred Banking – with Preferred Banking clients enjoying slightly elevated rates. A minimum deposit of S$10,000 is required for all placements.

These promotional rates are exclusive to CIMB’s online banking platform and are subject to change without prior notice. The quick succession of rate adjustments underscores the volatile nature of the interest rate environment and the bank’s effort to manage its deposit costs effectively.

Who is Eligible and How to Apply

The promotional FD rates are open to both new and existing CIMB customers in Singapore who qualify under either the Personal or Preferred Banking segment. To take part in the promotion, a minimum placement of S$10,000 must be made through CIMB’s online banking platform.

Applicants are advised to consult the full Fixed Deposit Promotion Terms & Conditions for details on eligibility, term options, and promotional rules.

Alternative Deposit Option: Why Wait Fixed Deposit-I Account

For customers seeking alternative deposit solutions, CIMB continues to offer the Why Wait Fixed Deposit-I Account. This Shariah-compliant account pays out interest upfront at the point of account opening and provides an alternative to traditional interest accrual methods. However, it does not carry the same tiered promotional rates for Preferred Banking customers.

Market Comparison and Ongoing Updates

Those exploring fixed deposit options in Singapore can refer to a curated FD rate comparison guide for a broader view of the most competitive offers currently available across banks.

For the latest CIMB fixed deposit offers and eligibility updates, customers can visit CIMB’s official FD webpage, which provides real-time information on rate changes, terms, and promotional mechanics.

Conclusion

As interest rates across the region face ongoing adjustments, CIMB’s latest downward revision of fixed deposit rates highlights the dynamic nature of savings products in Singapore. While the rates have dipped, CIMB continues to offer both traditional and alternative savings instruments, catering to a wide spectrum of customers. Those keen to secure the most competitive returns are encouraged to monitor the market and assess how these developments fit within their personal financial strategy.

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