CIMB SGD Fixed Deposit Account offers you up to 4.20% p.a. on your 18 month placement in December 2022. Many years back, I opened a savings account with CIMB as the bank often offered the best fixed deposit rates in Singapore.
I have previously done
2 placements with CIMB. I thought the fixed deposit interest rates were already very high but it went higher and higher each month.
Now, let us take a look at the fixed deposit rates CIMB is offering in December 2022.
| Tenure |
Personal Banking Online Promo Interest Rate (% P.A.) $10,000 and Above |
Preferred Banking Online Promo Interest Rate (% P.A.) $10,000 and Above |
| 6 months |
3.95 |
4.00 |
| 9 months |
4.05 |
4.10 |
| 12 months |
4.15 |
4.20 |
| 18 months |
4.15 |
4.20 |
CIMB SGD Fixed Deposit versus DBS Bank Fixed Deposit
Many readers had feedback that DBS Bank offers better fixed deposit rates. Let us take a look at the rates that can be found at
DBS Bank’s website.
I have circled the interest rates offered at 6, 9, 12 and 18 months....
