CIMB will revise interest rates from April 2025 for their Singapore Dollar deposit accounts. My favourite bank, CIMB will revise the prevailing interest rates for their SGD Deposit Accounts start from 1st April 2025 onwards. I currently have a personal and a shared CIMB FastSaver account with my spouse with CIMB Bank. Why is CIMB revising their prevailing interest rates? As shared in my past few posts, Singapore Overnight Rate Average (SORA) interest rates have been dipping over the past few months. Amidst of this environment, CIMB Bank are making slight revisions in their SGD Deposit Accounts. If you didn’t know, Singapore Overnight Rate Average (SORA) fell to 2.0822 per cent on 13th March 2025, the lowest since December 2022. What is SORA? SORA is the volume-weighted average rate of unsecured overnight interbank SGD transactions in Singapore. In Singapore, bank interest rates, particularly for loans and savings products such as fixed deposits, are being determined by SORA....