CIMB Bank is having a fixed SGD deposit promotion in the month of May. The promotion is only valid from 1st May 2016 to 31st May 2016. Enjoy 1.60% interest rate for only a 6 month tenure. Personally feel that this is pretty attractive given the short period of 6 months.
If you put S$20,000 for 6 months at an interest rate of 1.6% per annum, the interest amount you get is S$160.
| 12 months | 6 months | |
| S$20,000 and above | 1.75 | 1.60 |
| S$100,000 and above (CIMB Preferred customers only) |
1.80 | 1.65 |
$20k for 6 months with 1.6% per annum means you will only get $160.
Hi Sheri, thanks for correcting me! I have updated the post.