CIMB Singapore raises deposit interest rate tenfold to up to 2% annually

StarSaver savings account holders can enjoy the new rate without any deposit caps.

CIMB Singapore is the latest bank in the Lion City to raise its interest rates for its deposit accounts.

The bank is offering up to a 2% per annum interest for all its CIMB StarSaver savings accounts, with no deposit cap.

The first S$100,000 deposited will enjoy a 1% interest rate; the next S$150,000 will get 1.5%; and the next S$250,000 and above will get 2%.

This is ten times higher than the past interest rate, which was at 0.2%.

“There are no multiple conditions to fulfill to earn up to 2% p.a. interest rate. There is no need to do salary-crediting with us, have a minimum spend on your CIMB credit card or any of those prerequisites such as purchasing an insurance or investment product from us,” CEO Victor Lee bank said in the bank’s press announcement.

Follow the link for more news on

CIMB Group

Bank Interest Rate

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Specialty chemicals manufacturing facility on Jurong Island for sale

The fully equipped facility is clean and ready to be recommissioned.

Commercial Property

3 hours ago

September surge masks looming export slowdown to 6% in 2027

Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.

Economy

7 hours ago

Nearly half of workers report six or more unpaid hours a week, report says