Deposit online and earn up to 1.15% p.a.
With a minimum initial deposit of S$25,000 in the 24-month Maybank iSAVvy Time Deposit
Terms and Conditions apply.
Time Deposits
iSAVvy Time Deposit
Earn upfront interest as well as interest-on-interest upon maturity, with this one-of-a-kind online time deposit.
Benefits
- Attractive interest rates (up to 2.05% p.a. for 36 months) with upfront interest on the next business day and interest-on-interest upon maturity.
- Round-the-clock service with Online and Mobile Banking
- Choice of 3, 6, 12, 24 and 36 months
How to place deposit
Login to Maybank Online Banking to place a deposit into iSAVvy Time Deposit:
Step 1: Select Account >Time Deposit > Singapore Dollar Time Deposit > iSAVvy Time Deposit
Step 2: Select the account to debit funds for this placement
Step 3: Agree to confirm the placement
You must have a Maybank Savings or Current Account and Online Banking Access to make the placement online. Don't have a Maybank account yet, apply for one online now.
Eligibility
- Minimum age: 16 years old
- Initial deposit: S$5,000
- Maintain any Maybank Savings or Current account with Maybank Online Banking access.
Fees and Charges
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Description
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Fees and Charges
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Over-the-counter Fees
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Click here to view other applicable Bank charges for our services
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Useful Links
- Rules and Regulations Governing Singapore Dollar Time Deposit Account
- FAQ
- Need to change Time Deposit instruction? Click here.
Important information
The iSAVvy Time Deposit is a deposit account that can only be operated via Maybank Online Banking. No statement or advice will be issued. iSAVvy Time Deposit does not allow for partial withdrawal and top-up of the principal amount. For premature withdrawal, the entire interest paid upfront will be returnable to the Bank through a deduction from the iSAVvy Time Deposit principal amount. No interest-on-interest will be paid. Such premature withdrawal can only be made at any of our Maybank branch in Singapore
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.