Do you know what is the interest rate of fixed deposit in Singapore? After seeing the fixed deposit rates in Singapore, you will find the fixed deposit rates offered by Malaysian banks very attractive.
According to the official website of CIMB Singapore, you can only get 0.20% p.a. for a 1-month fixed deposit and 0.30% p.a. for a 3-month deposit or more.
As for CIMB Malaysia, the interest rate is 2.25% p.a. for 1 month, 2.45% p.a. for 3 months, 2.55% p.a. for 6 months and 2.60% p.a. for 12 months.
Despite this, CIMB Bank Singapore also offers a special fixed deposit offer and a preferential fixed deposit rate of up to 3.10%p.a. This time deposit offer is divided into Personal Banking and Preferred Banking, with a difference of 0.05%p.a. between the two accounts.
Personal Banking customers can enjoy 1.95%p.a. for 6 months, 2.05%p.a. for 9 months, 2.95%p.a. for 12 months and 3.05%p.a. for 18 months.
CIMB Bank Malaysia offers up to 3.30%p.a. on fixed deposits, 2.65%p.a. for 3 months, 3.05%p.a. for 6 months and 3.30%p.a. for 12 months.
