In a May 14 announcement, CIMB Singapore says the fixed deposit account is one of the highest interest-bearing business accounts available in the market that boosts the cash flow for businesses and rewards them with higher returns on surplus funds.
CIMB Singapore is offering a limited-time interest rate of 3.55% per annum on a three-month Singapore dollar fixed deposit for all new business customers with a minimum of $500,000 in new funds.
The bank is also offering 5.10% p.a. on a three-month US dollar fixed deposit with a minimum of US$500,000 ($676,977.50) in new funds.
