mosmos
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CIMB has a new 5-year SGD Step Up Fixed Deposit which can be terminated at any time, similar to its 12-month SGD Step Up FD. Interest earned in the first half-year is 0.55% pa, the second half-year 0.75% pa and so on. Minimum $10k.
Cycle 1: 0.55% p.a. Cycle 6: 1.55% p.a.
Cycle 2: 0.75% p.a. Cycle 7: 1.85% p.a.
Cycle 3: 0.95% p.a. Cycle 8: 2.15% p.a.
Cycle 4: 1.15% p.a. Cycle 9: 2.45% p.a.
Cycle 5: 1.35% p.a. Cycle 10: 2.95% p.a.
The average interest rate for the Deposit Tenure is 1.57% p.a. if the Account is held to Account Maturity Date.
CIMB SGD Step Up Fixed Deposit
5yrs FD~? 1st time seeing such long period~
usually when the bank teller recommends 5yrs FD the last time, mostly is selling insurance~
I guess maybank 36mths at 1.6%pa earlier this year was so much better, with free yusheng, then sgd188 cash credit, then corning ware, not sure why suddenly stopped this promo~
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