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Singapore’s CIMB raises interest rates on fixed deposit offers, now up to 4.20% p.a.

01/12/2022

CIMB Singapore has increased the interest rate on its time deposit offers, now up to 4.20% p.a.

According to the official website of CIMB Singapore, the latest time deposit offer is available from December 1 to December 31, 2022, and users can choose to deposit for 6, 9, 12 and 18 months.

The term deposit offer is divided into Personal Banking and Preferred Banking users, with a difference of 0.05% in the term deposit rate between the two, but the minimum deposit amount is $10,000.

For Personal Banking, you can only enjoy 2.95% p.a. for 6 months, but now you can enjoy 3.95% p.a.. The interest rate for 12 months and 18 months is 4.15% p.a., compared to 3.75% p.a. and 3.85% p.a. before.

As for Preferred Banking, the interest rates for 6-, 9-, 12- and 18-month time deposits are 4.00%p.a., 4.10%p.a., 4.20%p.a. and 4.20%p.a., respectively.

This time deposit offer can be deposited through Online. If you are not confident in RM and you hold a CIMB bank account in Singapore, maybe you can consider looking into it. The information is purely for reference and there is no investment or trading advice.

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