CIMB Fixed Deposit Rates

CIMB Bank offers a varied range of fixed deposits schemes that will help you to invest securely and earn high returns from them. This range of fixed deposits are tailored taking into account the financial standing of most people by offering deposits that require a low minimum investment amount.

CIMB Fixed Deposit Interest Rates 2018 (Updated on 16 Dec 2018)

CIMB Unfixed Deposit Interest Rates (% p.a.)
1 Month 3.20% p.a.
2 Months 3.20% p.a.
3 Months 3.25% p.a.
4 Months 3.25% p.a.
5 Months 3.25% p.a.
6 Months 3.30% p.a.
7 Months 3.30% p.a.
8 Months 3.30% p.a.
9 Months 3.30% p.a.
10 Months 3.30% p.a.
11 Months 3.30% p.a.
12 Months 3.35% p.a.
13 to 14 Months 3.35% p.a.
15 to 23 Months 3.35% p.a.
24 to 35 Months 3.35% p.a.
36 to 47 Months 3.45% p.a.
48 to 59 Months 3.55% p.a.
60 Months 3.65% p.a.

Types of CIMB Fixed Deposit Accounts

There are 3 types of fixed deposit schemes offered by CIMB. They are:

  • Unfixed Deposits: With this scheme, you can make multiple withdrawals. The remaining balance in your account will gather returns.
  • Foreign Currency Fixed Deposits: This scheme will help you to keep foreign currency for future use. It will also help you to hedge against fluctuation in the foreign currency market.
  • Big Plus for 50 Plus: This scheme for those above 50 years old, will allow you to earn fixed deposit profits on a monthly basis which will be credited to your savings account. You can also earn a bonus interest of 1% p.a. on your senior saving accounts that will be paid out every 6 months.

Features and Benefits of CIMB FD Accounts:

  • You will earn higher returns on your fixed deposits.
  • It is easy to manage your fixed deposit accounts and funds through online banking.
  • You can enjoy flexible tenures that starts from 1 month and goes up to 60 months.
  • The minimum deposit amount to open an unfixed deposit is RM5,000 for one-month tenure and RM1,000 for tenure starting from 2 months onwards.
  • You need a minimum deposit amount equivalent to RM10,000 to open a foreign currency fixed deposit.
  • To open and maintain Big Plus for 50 Plus fixed deposit, you need to deposit a minimum of RM30,000.
  • You can open a joint fixed deposit account with CIMB.
  • Your deposits with CIMB are protected by PIDM.

CIMB Fixed Deposit Rates for Foreign Currencies

USD
Tenure Interest Rate
1 (Day) 1.00% p.a.
1 (Week) 1.05% p.a.
1 (Month) 1.15% p.a.
2 (Months) 1.25% p.a.
3 (Months) 1.35% p.a.
4 (Months) 1.55% p.a.
5 (Months) 1.64% p.a.
6 (Months) 1.69% p.a.
7 (Months) 1.74% p.a.
8 (Months) 1.75% p.a.
9 (Months) 1.75% p.a.
10 (Months) 1.80% p.a.
11 (Months) 1.81% p.a.
12 (Months) 1.82% p.a.
GBP
Tenure Interest Rate
1 (Day) 0.00
1 (Week) 0.02% p.a.
1 (Month) 0.15% p.a.
2 (Months) 0.21% p.a.
3 (Months) 0.28% p.a.
4 (Months) 0.37% p.a.
5 (Months) 0.42% p.a.
6 (Months) 0.45% p.a.
7 (Months) 0.47% p.a.
8 (Months) 0.53% p.a.
9 (Months) 0.54% p.a.
10 (Months) 0.55% p.a.
11 (Months) 0.56% p.a.
12 (Months) 0.58% p.a.
AUD
Tenure Interest Rate
1 (Day) 1.30% p.a.
1 (Week) 1.55% p.a.
1 (Month) 1.70% p.a.
2 (Months) 1.85% p.a.
3 (Months) 1.90% p.a.
4 (Months) 1.95% p.a.
5 (Months) 2.05% p.a.
6 (Months) 2.10% p.a.
7 (Months) 2.13% p.a.
8 (Months) 2.15% p.a.
9 (Months) 2.18% p.a.
10 (Months) 2.20% p.a.
11 (Months) 2.21% p.a.
12 (Months) 2.29% p.a.
NZD
Tenure Interest Rate
1 (Day) 1.55% p.a.
1 (Week) 1.70% p.a.
1 (Month) 1.85% p.a.
2 (Months) 1.90% p.a.
3 (Months) 1.95% p.a.
4 (Months) 2.00% p.a.
5 (Months) 2.05% p.a.
6 (Months) 2.10% p.a.
7 (Months) 2.15% p.a.
8 (Months) 2.20% p.a.
9 (Months) 2.25% p.a.
10 (Months) 2.30% p.a.
11 (Months) 2.35% p.a.
12 (Months) 2.40% p.a.
SGD
Tenure Interest Rate
1 (Day) 0.35% p.a.
1 (Week) 0.45% p.a.
1 (Month) 0.60% p.a.
2 (Months) 0.65% p.a.
3 (Months) 0.75% p.a.
4 (Months) 0.90% p.a.
5 (Months) 1.00% p.a.
6 (Months) 1.05% p.a.
7 (Months) 1.08% p.a.
8 (Months) 1.10% p.a.
9 (Months) 1.15% p.a.
10 (Months) 1.18% p.a.
11 (Months) 1.20% p.a.
12 (Months) 1.25% p.a.
HKD
Tenure Interest Rate
1 (Day) 0.02% p.a.
1 (Week) 0.03% p.a.
1 (Month) 0.07% p.a.
2 (Months) 0.12% p.a.
3 (Months) 0.14% p.a.
4 (Months) 0.17% p.a.
5 (Months) 0.20% p.a.
6 (Months) 0.23% p.a.
7 (Months) 0.27% p.a.
8 (Months) 0.31% p.a.
9 (Months) 0.35% p.a.
10 (Months) 0.40% p.a.
11 (Months) 0.45% p.a.
12 (Months) 0.50% p.a.
CNH
Tenure Interest Rate
1 (Day) 0.45% p.a.
1 (Week) 0.50% p.a.
1 (Month) 0.60% p.a.
2 (Months) 0.63% p.a.
3 (Months) 0.65% p.a.
4 (Months) 0.67% p.a.
5 (Months) 0.68% p.a.
6 (Months) 0.70% p.a.
7 (Months) 0.75% p.a.
8 (Months) 0.80% p.a.
9 (Months) 0.85% p.a.
10 (Months) 0.90% p.a.
11 (Months) 1.05% p.a.
12 (Months) 1.10% p.a.
CAD
Tenure Interest Rate
1 (Day) 0.25% p.a.
1 (Week) 0.30% p.a.
1 (Month) 0.70% p.a.
2 (Months) 0.75% p.a.
3 (Months) 0.80% p.a.
4 (Months) 0.88% p.a.
5 (Months) 0.93% p.a.
6 (Months) 0.98% p.a.
7 (Months) 1.03% p.a.
8 (Months) 1.08% p.a.
9 (Months) 1.12% p.a.
10 (Months) 1.15% p.a.
11 (Months) 1.20% p.a.
12 (Months) 1.25% p.a.

Eligibility Criteria

Unfixed Deposit:

  • For the Unfixed Deposit, you must be at least 18 years of age. The deposit is available for Residents and Non-Residents alike.
  • Joint account is allowed. The minimum deposit for a period of 1 month is RM5,000. For a tenure of 2 months and above, the minimum deposit is RM1,000.

Foreign Currency Fixed Deposit:

  • For the Foreign Currency Fixed Deposit, you can either be a Resident or a Non-Resident but must be at least 18 years of age.
  • The minimum deposit allowed is RM10,000 equivalent of the foreign currency of your choice among the available options.

Big Plus for 50 Plus:

  • For the Big Plus for 50 Plus Fixed Deposit, you must be at least 50 years of age. You can open this fixed deposit account if you are either a Resident or a Non-Resident.
  • The minimum deposit amount is RM30,000.

Documents Required for CIMB Fixed Deposits

  • Residents must submit a copy of their MyKad
  • Non-Residents must submit a copy of their passport and a valid work permit

CIMB FD Fees and Charges

CIMB Fixed Deposit Fees and Charges
Reproduced Statement (up to 1 year old) RM10 (Upfront) RM2 (Additional Page)
Reproduced Statement (beyond 1 year) RM30 (Upfront) RM2 (Additional Page)
Stamp Duty for Withdrawal via a Cheque RM0.15
Deposit Lien (if renewal/placement is for the same purpose as the assigned FD) RM15 per receipt

CIMB Fixed Deposit Promotions 2018

Place a minimum sum of RM10,000 in a CIMB Unfixed Deposit Account for a tenure of 6 months and earn a promotional interest rate of 4.40% p.a. on the deposit amount. The deposit must be made in fresh funds. The promotion is valid from 1 October 2018 until 31 December 2018.

You are required to open the FD account over-the-counter at a branch. Online FD placements via CIMB Clicks are not considered for the offer. You have to designate a CASA account maintained with CIMB so the interest will be credited to it upon maturity.

The bank allows you to make a partial withdrawal from the deposit account as and when you need.

Minimum Deposit Amount Deposit Tenure Promotional Rate
RM10,000 6 months 4.40% p.a.
CIMB Fixed Deposit Promotion

How to open a CIMB Fixed Deposit Account?

Visit your nearest branch of CIMB along with the required documents and deposit amount. A bank staff will help you to open a fixed deposit account.

How does CIMB Bank Fixed Deposit Work?

Consider that you have deposited RM10,000 in an Unfixed Deposit Account for a period of 60 months. The interest rate applicable is 3.65% p.a. Consider that you do not uplift money from the account for the entire deposit tenure. The interest you earn on the deposit is calculated below.

I = [A x {1 + (R/100)T}] – A

I = [RM10,000 x {1 + (3.65/100)60/12}] – RM10,000

I = RM1,825

The total interest you earn from the deposit is RM1,825. The interest you earn will vary if you uplift the money during the tenure.

CIMB Contact Number for FD

Call CIMB on +603 6204 7788 (Local and Overseas). 

FAQs

Q. Is the partial withdrawal facility available on all tenures of Unfixed Deposit?

A. Yes. It is available across all tenures under Unfixed Deposit account.

Q. What is the minimum amount for partial withdrawal?

A. The minimum amount for partial withdrawal is RM1,000, and should be in multiples of RM1,000.

Q. Is there a minimum balance that I need to maintain in my Unfixed Deposit account?

A. Yes. The minimum balance is RM1,000 except for 1-month Unfixed Deposit account.

Q. Can I make an online withdrawal through Clicks?

A. No. You can make withdrawals only over-the-counter at your CIMB home branch.

Q. Can I withdraw from a Unfixed Deposit account that is used as a collateral for other product?

A. No. If your Unfixed Deposit account is pledged as a collateral for any other product, you cannot make partial withdrawals from that account.

Q. What are the foreign currencies accepted by the Bank?

The Foreign Currencies accepted by CIMB Bank are:

  • USD
  • GBP
  • AUD
  • NZD
  • SGD
  • HKD
  • CNH
  • CAD

Other Products offered by CIMB:

Apart from offering Fixed Deposit,CIMB offers other products and services which include:

News About CIMB Fixed Deposits in Malaysia

  • CIMB Bank Increased Rates After OPR Hike

    Both CIMB Bank Berhad and CIMB Islamic Bank Berhad have increased their Base Rates and Fixed Deposit Rates by 0.25% just like many other banks in Malaysia have done following the Overnight Policy Rate (OPR) hike.

    According to CIMB Equities Research, the hike can be a positive change for banks as it will help to grow their margins. The research firm also pointed out that the corporate Malaysia market can easily handle the 25 basis points OPR hike given that the net gearing of the market is about 24.6%, and the positive impact from the banks’ earnings is enough to counterbalance the negative impact on the many sectors like agribusiness, automotive, healthcare, consumer etc.

    BBazaar Malaysia

    6 February 2018

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