The CIMB Foreign Currency Fixed Deposit account offers a way to save your assets in different currencies for a fixed period of time. The United States Dollar (USD) is a popular choice among many in Singapore. CIMB also offers USD (United States Dollar) fixed deposit account. With this currency you will earn competitive interest rates for tenures starting from 1 month and up to 12 months. Additionally, upon maturity of the deposit, the bank offers the Automatic Renewal option.
With this feature, your deposit will get automatically renewed for the same tenure at current interest rates offered by CIMB, unless you choose another or decide to discontinue the account. The bank also offers promotional interest rates for all tenures on the United States Dollar (USD) foreign currency fixed deposit.
They offer a wide choice of tenures beginning from 1 month, 3 months, and 6 months going up to 12 months. The interest rate for USD is as follows:
The minimum amount for opening a fixed deposit account with CIMB bank is USD10,000. The maximum amount you can deposit goes up to USD25,000. Additionally, CIMB will renew your deposit automatically at the fixed rate. If you wish to change the rate of interest, you can instruct the bank to do so.
CIMB US Dollar Foreign Currency Fixed Deposit Interest Rates:
Since interest rates are subject to change without prior notice, it is best to check the latest rates in order to take an informed decision.