New Customer Promotion

Earn up to 3.55% p.a.* interest with CIMB Business Fixed Deposit

Boost the cash flow for your business and enjoy higher returns on your surplus funds with CIMB Business Fixed Deposit account. For new-to-bank customers, enjoy 3.55%* p.a. on a 3-month SGD Fixed Deposit or 5.10%* p.a. on a 3-month USD Fixed Deposit with new funds placement of minimum $500,000.

 

Exclusive Business Fixed Deposit Interest Rate Promotion

Placement Currency

Minimum Deposit Amount

3-month

Interest Rate* (p.a.)

6-month 

Interest Rate* (p.a.)

SGD

S$500,000

3.55%

3.40%

USD

US$500,000

5.10%

5.00%

To illustrate an example on the interest earned when a new customer deposits S$500,000:

Placement Currency

Amount Deposited

Interest Earned

From a 3-month tenor

Interest Earned

From a 6-month tenor

SGD

S$500,000

3.55% x S$500,000 / 12 x 3 months = S$4,437.50

3.40% x S$500,000 / 12 x 6 months = S$8,500.00

 

How To Apply

Step 1

Open a CIMB SGD BusinessGo account or CIMB USD Interest Plus account

AND

Open a CIMB Business Fixed Deposit account in the desired placement currency (SGD or USD) in the same application.

 

Apply Now

Step 2

Fund your new CIMB SGD BusinessGo account or CIMB USD Interest Plus account with minimum balance^.

 

Top Up Now

Step 3

Fund your new CIMB Fixed Deposit account with a minimum of $500,000.

 

Top Up Now

Terms & Conditions

*Terms and conditions governing Commercial Fixed Deposits campaign applies. Please click here for the full terms and conditions.

 

This promotion is valid from 1 March 2024 – 30 June 2024.

 

A new CIMB SGD BusinessGo account or CIMB USD Interest Plus account and CIMB Fixed Deposit account must be opened via online account opening by 31 May 2024.

 

^The new account(s) must be funded with a minimum balance to avoid fall-below fees charges.

  • CIMB SGD BusinessGo account minimum balance is S$30,000, otherwise an S$88 fall-below fee applies per month.
  • CIMB USD Interest Plus account minimum balance is US$8,000, otherwise a US$35 fall-below fee applies per month.

 

A minimum of S$500,000 or US$500,000 in fresh funds is required for Fixed Deposit placement to enjoy the promotional interest rate.

 

This promotion is not applicable to Non-Profit Organisation (NPO) and Management Corporation Strata Title (MCST). 

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

 

With effect from 01 Apr 2024, Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

 

Frequently Asked Questions (FAQ)

 

How do I open a CIMB Business Fixed Deposit Account?

 

To apply for CIMB Business accounts, please refer to the following steps and the application will take approximately 15 minutes to complete.  

 

Step 1: Prepare the following documents before you start your application online.

Check the documents needed here

 

Step 2: Click on the link below to begin your application.

For CIMB BusinessGo Account, click here.

For CIMB CIMB USD Interest Plus account, click here.

For CIMB Fixed Deposit Account, click here.

 

Download the Frequently Asked Questions (FAQ) here.

 

 

Can I place a fixed deposit without a CIMB business account?

 

To enjoy the promotional interest rate, you will need to open either a CIMB BusinessGo Account or CIMB USD Interest Plus Account.  

 

Find out more about CIMB BusinessGo account or CIMB USD Interest Plus Account

Who can apply for CIMB BusinessGo business account?

 

All businesses that are officially registered in Singapore are eligible to apply for a CIMB BusinessGo account online through our digital account application platform. The account is most ideal If you’re looking for a business current account earns you high interest on your business funds. Once your application is complete and accurate, an email with your account number will be dispatched to you almost instantly. However, businesses that are based outside of Singapore should reach out to our Bank Representative for guidance on opening a commercial bank account with CIMB.

 

For More Enquiries