 We are now on Telegram. Click to join |
Effective 20 June 2025, CIMB Bank Singapore has lowered its promotional fixed deposit (FD) rates once more, marking a continued response to evolving market conditions.
This adjustment follows a previous revision on 12 June 2025, as the bank aligns its offerings with broader interest rate trends.
Under the new rate structure, CIMB’s fixed deposit promotional rates now reach a maximum of 2% per annum, down from the earlier peak of 2.1% p.a. announced earlier in the month.
Promotional Rates
The revised rates are applicable to both Personal Banking and Preferred Banking clients, with a minimum online deposit of S$10,000. The rates are differentiated based on the customer segment and tenor, with Preferred Banking clients receiving slightly more competitive returns.
| 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 | 1.95 | 2.00 |
| 6 Months | 1.85 | 1.90 |
| 9 Months | 1.65 | 1.70 |
| 12 Months | 1.65 | 1.70 |
These promotional interest rates are available exclusively via CIMB’s online platforms and are offered for a limited time. Customers are urged to take advantage of the rates while they last, especially amid broader economic uncertainties.
Eligibility and Deposit Conditions
To be eligible for these promotional FD rates, customers must deposit a minimum of S$10,000 through CIMB’s online banking portal. The promotion is open to both new and existing clients under the Personal or Preferred Banking categories. Full details and the official terms are available in the Fixed Deposit Promotion Terms & Conditions.
Alternative Option: Upfront Interest Product
In addition to the conventional FD plans, CIMB continues to feature the Why Wait Fixed Deposit-I Account, which allows depositors to receive their interest payout upfront upon account initiation. However, this unique offering is not eligible for the latest promotional rates, particularly those extended to Preferred Banking clients.
Customers looking to track the latest FD rates and offers can refer to CIMB’s official fixed deposit webpage, where all current promotions and updates are published promptly.
Broader Market Comparison
To compare CIMB’s FD offerings with those of other financial institutions in Singapore, readers can explore a curated list of competitive fixed and time deposit products available here. This page is frequently updated to help consumers make informed savings decisions in a shifting rate environment.
Given the ongoing adjustments in response to domestic and international interest rate movements, savers are advised to monitor the market and reassess their deposit strategies regularly.
Leave a Reply