CIMB Business Fixed Deposit account is one of the highest interest-bearing business accounts available in the market to support SMEs that are navigating the volatile macroeconomic environment. CIMB Singapore’s commitment to customer-centricity is bearing fruit. In FY23, their Commercial Banking’s profit before tax grew by more than 60% on a year-on-year basis. <\/p>\n
SINGAPORE<\/span><\/span>, May 14, 2024<\/span><\/span> \/PRNewswire\/ — CIMB Singapore is offering a limited-time interest rate of 3.55%* per annum on a 3-month SGD Fixed Deposit for all new business customers, or 5.10%* p.a. on a 3-month USD Fixed Deposit with new funds placement of minimum SGD\/USD 500,000<\/span>.<\/p>\n The CIMB Business Fixed Deposit account is one of the highest interest-bearing business accounts available in the market that boosts the cash flow for businesses and rewards them with higher returns on surplus funds.<\/p>\n It also comes with additional benefits such as greater flexibility and safe investments with a wide range of tenures and attractive interest rates.\u00a0<\/p>\n To enjoy the promotion, customers will need to:<\/p>\n 1)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 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.<\/p>\n 2)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Fund their new CIMB SGD BusinessGO account or CIMB USD Interest Plus account with minimum balance^.<\/p>\n 3)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Fund their new CIMB Fixed Deposit account with a minimum of S$500,000<\/span>.<\/p>\n Benjamin Tan<\/span>, Head of Commercial Banking at CIMB Singapore, said: “Against the backdrop of today’s volatile macroeconomic environment, investing in fixed deposits gives businesses assurance on the guaranteed return of an investment that is not affected by market fluctuations.”<\/p>\n “We constantly put ourselves in our customers’ shoes <\/span>to deeply understand their challenges including upcoming obstacles, and enhance our products and services to meet their evolving needs. Given the anticipated market fluctuations, this fixed deposit account serves more than a repository for business’ operating cashflows, it provides an opportunity for idle funds to grow and over time, defray the rising costs of doing business.”<\/p>\n Our commitment to customer-centricity is bearing fruit. Last year, our Commercial Banking’s profit before tax grew by more than 60% on a year-on-year basis. This reflects that we are on the right path, and we will continue to put customers at the heart of what we do,” Benjamin added.<\/p>\n