• CIMB Why Wait Fixed Deposit-i Account

Shariah-Compliant

 

CIMB Why Wait Fixed Deposit-i account is a Shariah-compliant Fixed Deposit product using the Shariah concept of Murabahah (mark-up) to facilitate the deposit-taking activity from you to the bank.

Online - No more queues!

 

Your CIMB Why Wait Fixed Deposit-i account can now be opened online. Our customers will also be able to amend their maturity instructions on-the-go via our CIMB Clicks Internet Banking.

Cash Upfront

 

With a CIMB Why Wait Fixed Deposit-i Account, you do not need to wait for your deposit to mature. You can collect your returns in the form of profit, upfront.

Attractive Profit Rates*

 

Save fixed amounts of money in SGD over fixed periods to enjoy fixed profit rates with a low initial deposit of only S$1,000.

For a limited time only, CIMB Bank is offering exclusive rates when you open a CIMB Why Wait Fixed Deposit –i Account and/or make your placements online! Earn up to 1.70% p.a. for 6 months and up to 1.90% p.a. for 12 months when you make a placement now. Click here to view the full exclusive online rates.

Placement Amount 
(For All customers)
Profit Rate (% p.a)
3M 6M 12M
Below S$10,000 Board rate
S$10,000 and above

1.30

 1.45

1.55

Placement Amount 
(For Preferred customers1 only)
Profit Rate (% p.a)
3M 6M 12M
S$10,000 and above 1.35 1.45 1.55
S$50,000 and above

1.35

1.50 1.60

Minimum Age

  • 18 years old
  • Applicants below the age of 18 years old may open a CIMB Why Wait Fixed Deposit-i Account with a parent/legal guardian who is at least 18 years old.

Minimum Initial Deposit

  • S$1,000
  • S$5,000 for 1 or 2-month tenures

Document(s) Required

  • For Singaporeans/PRs and Malaysians - 
  1. NRIC
  2. Proof of residential address if the residential address in the application differs from ID document (e.g. any latest telephone bill, bank statement or letter issued by the government)
  • For Foreigners - 
  1. Passport 
  2. Proof of residential address (e.g. any latest telephone bill, bank statement or letter issued by the government)
  3. Supporting documents to be provided if available (Employment Pass, Work Permit, Dependant’s Pass and Student Pass)

Click below to place a CIMB Why Wait Fixed Deposit-i.


Click below if you have an existing placement and want to make changes to your maturity instructions. You’ll be diverted to CIMB Clicks Internet Banking.


Have a question? Click here to view the FAQ for CIMB Why Wait Fixed Deposit-i.

For branch application, you will also receive a CIMB StarSaver-i account with no initial deposit required or a CIMB FastSaver-i account. For online application, a CIMB FastSaver-i account will be opened to facilitate the fixed deposit placement. CIMB StarSaver-i and CIMB FastSaver-i are Shariah-compliant deposit products using the Shariah concept of Murabahah (mark-up) to facilitate the deposit-taking activity from you to the bank. The deposits collected will be managed in accordance with Shariah. Enjoy the benefits of no fall-below fee and receive profit on your CIMB StarSaver-i and CIMB FastSaver-i account based on prevailing profit rates.

1A CIMB Preferred membership is yours when your Total Relationship Balance (TRB) reaches S$250,000. Your TRB is a combination of any individual deposit and/or investment product. Details of being a qualified CIMB Preferred Customer can be found on CIMB Preferred Terms and Conditions governing the use of CIMB Preferred Services (available on www.cimbpreferred.com)

Terms & Conditions apply. Click here to view the Terms & Conditions governing the Operations of Deposits Accounts.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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