CIMB Bank Fixed Deposit

CIMB fixed deposit schemes allow you to place your extra savings into time deposit accounts where you can earn interest at higher rates than you would otherwise earn with traditional savings accounts. CIMB offers 4 different types of fixed deposit schemes. They are: CIMB SGD Fixed Deposit Accounts, CIMB SGD Islamic Fixed Deposit Accounts, CIMB Why Wait Fixed Deposit-i Accounts, and CIMB Foreign Currency Fixed Deposit Accounts. The SGD deposit accounts come with a low initial placement amount starting at S$1,000 and a broad range of tenors from 1 month to 24 months. Foreign currency term deposit options are also available. These time deposits are available in 7 major foreign currencies and require a minimum placement of 10,000 units of the respective currency. Choose to invest your savings in CIMB fixed deposit schemes and enjoy returns on your investment of up to 3.07% p.a.

CIMB Fixed Deposit Interest Rates

CIMB SGD Fixed Deposit Rates

Board Rates

Tenures available for this account range from a minimum of 1 month to a maximum of 24 months*.

The following table provides the board rates available for CIMB SGD Fixed Deposit Accounts:

Tenure Online Promo Rates Board Rates S$1,000 - S$99,999 Board Rates S$100,000 & Above
1* Month - 0.20% p.a. 0.20% p.a.
2* Months - 0.30% p.a. 0.30% p.a.
3 Months 1.50% p.a. 0.35% p.a. 0.35% p.a.
6 Months 1.70% p.a. 0.40% p.a. 0.50% p.a.
9 Months - 0.55% p.a. 0.60% p.a.
12 Months 1.90% p.a. 0.70% p.a. 0.75% p.a.
24 Months - 1.00% p.a. 1.10% p.a.

*1 or 2-month tenors require a S$5,000 minimum deposit to open an account.

Note: Rates are only indicative and are accurate as of 22 January 2019.

Interest Rates for Different Types of Banking Customers

Different types of banking customers with CIMB will earn different interest rates because of differing minimum placement amounts required.

The following table provides the interest rates available for tenures ranging from 3 months to 12 months* for both regular banking customers and Preferred Customers:

Banking Customer Type Deposit Amount Interest Rates (p.a.)
    3 Months Tenure 6 Months Tenure 12 Months Tenure
All Customers Below S$10,000 and above Board Rate
All Customers S$10,000 and above 1.30% p.a. 1.45% p.a. 1.55% p.a.
Banking Customer Type Deposit Amount Interest Rates (p.a.)
    3 Months Tenure 6 Months Tenure 12 Months Tenure
Preferred Customers Below S$10,000 and above 1.35% p.a. 1.45% p.a. 1.55% p.a.
Preferred Customers S$10,000 and above 1.30% p.a. 1.50% p.a. 1.60% p.a.

*1 or 2-month tenors require a S$5,000 minimum deposit to open an account.

Note: Rates are only indicative and are correct as on 22 January 2019.

CIMB Islamic Fixed Deposit Rates

Tenures available with the CIMB SGD Islamic Fixed Deposit Account range from a minimum of 1 month to a maximum of 12 months*.

The following table provides the interest rates available for this account:

Tenure Online Promo Rates Board Rates S$1,000 - S$99,999 Board Rates S$100,000 & Above
1* Month - 0.20% p.a. 0.20% p.a.
2* Months - 0.30% p.a. 0.30% p.a.
3 Months 1.50% p.a. 0.35% p.a. 0.35% p.a.
6 Months 1.70% p.a. 0.40% p.a. 0.40% p.a.
9 Months - 0.55% p.a. 0.60% p.a.
12 Months 1.90% p.a. 0.70% p.a. 0.75% p.a.

*1 or 2-month tenors require a S$5,000 minimum deposit to open an account.

Note: Rates are only indicative and are correct as of 23 January 2019.

CIMB Why Wait Fixed Deposit-i Rates

The following table provides the profit rates available for tenures ranging from 3 months to 12 months* for both regular banking customers and Preferred Customers:

Banking Customer Type Deposit Amount Interest Rates (p.a.)
    3 Months Tenure 6 Months Tenure 12 Months Tenure
All Customers Below S$10,000 and above Board Rate
All Customers S$10,000 and above 1.30% p.a. 1.45% p.a. 1.55% p.a.
Banking Customer Type Deposit Amount Interest Rates (p.a.)
    3 Months Tenure 6 Months Tenure 12 Months Tenure
Preferred Customers Below S$10,000 and above 1.35% p.a. 1.45% p.a. 1.55% p.a.
Preferred Customers S$10,000 and above 1.30% p.a. 1.50% p.a. 1.60% p.a.

*1 or 2-month tenors require a S$5,000 minimum deposit to open an account.

Note: Rates are only indicative and are correct as of 22 January 2019.

CIMB Foreign Currency FD Interest Rates

Tenures available for CIMB foreign currency term deposits range from a minimum of 1 month to a maximum of 12 months. Eligible deposit amounts include a minimum of 10,000 units to a maximum of 250,000 units of the chosen foreign currency.

The following table provides the interest rates available for CIMB Foreign Currency Fixed Deposit Accounts:

Currency Interest rate (p.a.)
USD 2.16% to 2.73%
AUD 1.18% to 2.03%
CAD 1.27% to 2.22%
NZD 0.73% to 1.84%
EUR 0%
GBP 0% to 0.86%
CNH 1.32% to 3.07%

Note: Rates are only indicative and are correct as of 18 December 2018.

Features and Benefits of CIMB Fixed Deposits

CIMB fixed deposits come with the following features and benefits:

  • Avoid queues with online banking and CIMB Clicks Internet Banking for when you are on the go.
  • Low minimum age requirement of 18 to open an account.
  • Wide choice of tenors ranging from 1 month to 24 months.
  • Affordable minimum initial placement deposit amount of S$1,000.
  • Choice of 7 major foreign currency deposit accounts to invest in.
  • Guaranteed automatic renewal of your term deposit account at maturity at the prevailing interest rate.

Fixed Deposit Schemes Offered by CIMB

CIMB SGD Fixed Deposit Account

CIMB SGD Fixed Deposit Accounts offer competitive interest rates ranging from 0.2% p.a. to 1.1% p.a. with standard board rates. It comes with tenures of 1 month, 2 months, 3 months, 6 months, 9 months, 12 months, and 24 months. A minimum deposit amount starting at S$1,000 is required to open an account. You can fall under 2 banking customer tiers with this account: Preferred Customers and other customers. Regular customers can get as much as 1.55% p.a. interest on deposits of S$10,000 and above. In contrast, Preferred Customers can enjoy higher interest rates of up to 1.6% p.a., given their minimum deposit amount starts at S$10,000 instead of S$1,000. You may both apply for a time deposit account online as well as manage your funds using their online banking services.

CIMB SGD Islamic Fixed Deposit Account

This CIMB account offers tenures of 1 month, 2 months, 3 months, 6 months, 9 months, and 12 months. It offers attractive interest rates ranging from 0.2% p.a. up to 0.75% p.a. for all customers on deposits up to S$100,000 and above. A minimum placement amount of S$1,000 is required to open this account. As with other CIMB accounts, you may both manage your funds using their online banking services as well as apply for a time deposit account using an online application.

CIMB Why Wait Fixed Deposit-i Account

This account is different from other time deposit accounts offered by CIMB in that it is Shariah-compliant and operates under the law of Murabahah (or markup). It is not necessary to wait until the maturity date to cash in on your returns since profits can be collected upfront at any time. Thus, it provides profit rates instead of interest rates on all deposit amounts. A minimum deposit amount of S$1,000 is required to open an account. This deposit account can get you profit rates of as much as 1.6% p.a. on your deposits with tenures of 3 months, 6 months, and 12 months. It also provides different profit rates for different types of banking customers. Again, regular customers can get as much as 1.55% p.a. profit on deposits of S$10,000 and over, while Preferred Customers can enjoy higher profit rates of up to 1.6% p.a. on deposits of S$50,000 and above. Like other CIMB accounts, you may open this account using an online application and take advantage of internet banking to manage your funds.

CIMB Foreign Currency Fixed Deposit Account

This foreign currency time deposit account offers competitive interest rates of up to 3.07% p.a. for 7 different major currencies. These include: Chinese Renminbi (CNH), US Dollar (USD), New Zealand Dollar (NZD), Canadian Dollar (CAD), Australian Dollar (AUD), Sterling Pound (GBP), and Euro (EUR). Minimum initial placement deposit amounts equivalent to 10,000 units of the chosen foreign currency are required to open this account. Deposit amounts are capped at 250,000 units for all of the available foreign currencies. Flexible tenors of 1 month, 3 months, 6 months, and 12 months are available. Additionally, this account comes with a guaranteed automatic renewal of your deposit for the same tenor, at the prevailing interest rate at the time of maturity, unless directed otherwise.

Eligibility?Criteria to Open a CIMB FD Account

  • Minimum age*: 18 for all of the above-listed term deposit accounts with CIMB.
  • Minimum tenor: Starts from 1 month.
  • Maximum tenor: Up to 24 months.
  • Minimum placement amount: Starts at S$1,000 or 10,000 units of the chosen foreign currency.

Required Documents:

Singaporeans & PR holders:

  • NRIC
  • Residential address proof (if not the same as on NRIC), which can include utility bills, telephone bills, bank statements, etc.

Foreigners:

  • Valid passport
  • Residential address proof, which can include utility bills, bank statements, official letters from the government, etc.
  • Any supporting documents (Student Pass, Work Permit, Dependant’s Pass, Employment Pass, etc.)

*Applicants under the age of 18 may open any CIMB time deposit account with a legal guardian or parent(s) aged 18 and over.

Other Deposit Accounts Offered by the Bank?

CIMB offers a variety of savings and current accounts you can use to manage your money with.

Savings accounts available with CIMB include:

  • CIMB FastSaver Account
  • CIMB FastSaver-i Account
  • CIMB StarSaver (Savings) Account
  • CIMB StarSaver (Savings)-i Account
  • CIMB Junior Saver Account
  • CIMB Foreign Currency Savings Account

Current accounts available with CIMB include:

  • CIMB StarSaver Account
  • CIMB StarSaver-i Account
  • CIMB Foreign Currency Current Account

News About CIMB Fixed Deposit

  • Earn Up To 2.49% p.a. on Your CIMB Foreign Currency Term Deposit

    Invest in a CIMB foreign currency term deposit and enjoy a rate of interest of up to 2.49% p.a. in a foreign currency you prefer. You can choose a tenor of up to 12 months.

    05th January 2018

  • Higher interest rate on CIMB Singapore Dollar Islamic Fixed Deposit

    Open a CIMB SGD Why Wait Fixed Deposit-i account and get a maximum of 1.08% p.a. for the first 6 months of your chosen tenure. You can also earn a maximum of 1.18% p.a. for the first 1 year of your chosen tenure. The promotional rates are valid for deposits made by 15 September 2017.

  • CIMB SGD Fixed Deposit Promotion

    Runtime- This is an ongoing promotion that is valid from January 9, 2017 to January 20, 2017

    Particulars- Get attractive interest rates on the CIMB 6 months and 12 months SGD Fixed Deposits:

      • For placement amount of S$20,000 and above:

        • Earn an interest rate of 1.15% p.a. for a 6-month tenure.

        • Earn an interest rate of 1.25% p.a. for a 12-month tenure.

      • For placement amount of S$100,000 and above (only applicable to CIMB Preferred customers):

        • Earn an interest rate of 1.20% p.a. for a 6-month tenure.

        • Earn an interest rate of 1.30% p.a. for a 12-month tenure.

    Terms and Conditions

      • The minimum placement amount for this promotion is S$20,000.

      • For more information on this promotion or the terms and conditions, feel free to contact CIMB Bank.

  • CIMB SGD Fixed Deposit Promotion

    Runtime - This is an ongoing promotion that is valid between November 7, 2016 and November 13, 2016.

    Particulars:

      • CIMB 6 Month Why Wait Fixed Deposit –I Promotion 2016:

        • Promotion Rate for a 6 month tenure – 1.15% p.a. (The normal board rate is between 0.40% p.a. and 0.50% p.a.)

      • CIMB 12 Month Why Wait Fixed Deposit –I Promotion 2016:

        • Promotion Rate for a 12 month tenure – 1.20% p.a. (The normal board rate is between 0.70% p.a. and 0.75% p.a.)

    Terms and Conditions:

      • To qualify for this promotion, the minimum placement amount is S$5,000.

      • Deposit must be made only in Fresh Funds.

      • For further information on the promotion or the terms and conditions, feel free to contact CIMB Bank.

  • CIMB SGD Fixed Deposit Promotion

    Runtime - This is an ongoing promotional offer.

    Particulars - You can increase the savings you have with CIMB. When you sign up for a six month SGD FD scheme with CIMB Bank, you can enjoy promotional interest rate of 1.60 percent per annum. The minimum placement amount should be SGD 20,000.

    Terms and Conditions - Please, get in touch with the bank to know more about the terms and conditions this particular promotional offer.

  • CIMB Lunar Fixed Deposit Promotions

    Runtime: Ongoing Promotion

    The Lunar promotions on fixed deposits offered by CIMB bank are now open for the customers of CIMB bank. This is applicable to the individuals who make the deposits between 4th of January, 2016 and 15th of February, 2016. The customers should be opening eligible accounts and deposit a minimum of SGD 20000 for specific tenures.

    The maximum that a customer can deposit is SGD 1000000. In one particular eligible account there can be multiple number of placements. For avoiding all doubts, customers will be getting one gift for each placement that they make for every account.

  • CIMB SGD Fixed Deposit Promotionn 2016

    Runtime – This is an ongoing promotion that is valid from January 4, 2016 and up to February 15, 2016.

    Particulars -

    CIMB is offering its customers an interest rate of up to 1.80% per annum when you apply for the 12 Month SGD Fixed Deposit.

    For a placement amount of SGD 20, 000 and more the following are the interest rates offered –

      •6 months – 1.60 percent per annum

      •9 Months – 1.75 percent per annum

      •12 Months – 1.80 percent per annum

      •24 Months – 1.95 percent per annum

    For a placement amount of SGD 100, 000 and more (this is only applicable to CIMB Preferred Customers) the following are the interest rates offered –

      •6 months – 1.65 percent per annum

      •9 Months – 1.80 percent per annum

      •12 Months – 1.85 percent per annum

      •24 Months – 2.00 percent per annum

    Terms and Conditions

      •The aforementioned rates are subject to change without prior notice.

      •The minimum deposit amount per placement for the SGD Fixed Deposit is SGD 20, 000 and the maximum deposit amount per placement is SGD 1, 000, 000.

      •For more information on the CIMB SGD Fixed Deposit Promotion or further details on the terms and conditions, please contact CIMB bank.

  • CIMB SGD 12 Month Why Wait Fixed Deposit-i Promotion 2016

    Runtime – This is an ongoing promotion that is valid from now and until February 15, 2016.

    Particulars –

      •When you apply for the 12 Months Fixed Deposit, you will enjoy cash upfront of up to 1.80% per annum.

      •For a fresh funds deposit ranging between SGD 1000 and up to SGD 20, 000 you will enjoy the following promotional / Effective Profit Rate –

        •6 Month Tenure – Board Rate

        •12 Month Tenure – 1.20 percent per annum

      •For a fresh funds deposit of SGD 20, 000 and above you will enjoy the following promotional / Effective Profit Rate –

        •6 Month Tenure – 1.60 percent per annum

        •12 Month Tenure – 1.80 percent per annum

      •For a fresh funds deposit of SGD 100, 000 and above (this is only applicable for CIMB Preferred Customers), you will enjoy the following promotional / Effective Profit Rate –

        •6 Month Tenure – 1.65 percent per annum

        •12 Month Tenure – 1.85 percent per annum

    Terms and Conditions

      •The minimum qualifying amount for this promotion is SGD 1000 per placement and the maximum qualifying amount is SGD 1, 000, 000 per placement.

      •This promotion is applicable on all eligible accounts opened with CIMB Bank Berhad, Singapore Branch only (CIMB Bank).

      •For further details on this promotion or for more information on the terms and conditions, feel free to contact CIMB bank.

  • CIMB 12 Months SGD Fixed Deposit Promotion

    Runtime: Till 31 Dec, 2015

    Particulars: Enjoy higher interest rates with CIMB SGD 12-Month Why Wait Fixed Deposit. The interest rates offered are as follows:

      • For a deposit amount of less than SGD 10,000, you will enjoy a promotional interest rate of 1.20 percent per annum.

      • For a deposit amount of SGD 10,000 or more, you will enjoy a promotional interest rate of 1.80 percent per annum.

      • For a deposit amount of SGD 10,000 or more, you will enjoy a promotional interest rate of 1.85 percent per annum in case you are a preferred customer of CIMB Bank.

    Apart from the attractive interest rates, you will also enjoy Takaful Personal Accident for free (with Cash Benefit for Hospital) when you deposit fresh funds and sign up for this deposit scheme. You will also enjoy instant Sure-Win prizes which include a tablet from Samsung, a Vacuum cleaner from Dyson Handheld, a Coffee Maker from Krups, vouchers and many more.

    Please contact CIMB bank to know about applicable terms and conditions.

  • SBC Fintech – CIMB Partnership

    2016 applications for Startupbootcamp FinTech Singapore are now open. On October 8th, 2015, in The Working Capital, SBC Fintech announced their partnership with CIMB. They have also announced a tour of the Asia Pacific (APAC) which will be a fast track tour.

    The fast track tour will include high profile locations such as Mumbai, Manila, Seoul and Sydney to name a few, with an intention of rooting themselves in FinTech ecosystems all across the APAC region and share insights on financial innovation. The tour will also be a scouting ground for the FinTech startups programme in 2016.

    The partnership with CIMB Group is part of their regional expansion as CIMB is a Malaysia Banking Conglomerate. The fast track tour is spanned across 14 cities in APAC, which will serve as a platform for startups to pitch their ideas to the experts in the financial industry, at the same time receive individual advice on their business model and market strategy. Their accelerator programme will give an opportunity to start ups to speed up their ventures and Fintech to support the regional FinTech ecosystems.

    10 best Singapore based FinTech startups will be rewarded with $17,000, that will cover their office space and living expenses for a minimum of 3 months at their accelerator hub, BASH at One-North, a startup cluster in Singapore. Additionally, they will be also be mentored and be given access to the network of investors and various other financial resources from the industry.

    08th October 2015

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