Time Deposit Promotions
Enjoy attractive interest rate of up to 1.55% p.a. with our SGD Time Deposit.
Terms and Conditions apply.
Time Deposits
Soar above the clouds and earn upfront interest the next day
Maybank iSAVvy Time Deposit
Benefits
- Attractive upfront interest on the next business day
- Round-the-clock service with Online and Mobile Banking
How to Place Deposit
If you are a Singaporean or Permanent Resident, you may place a Time Deposit via any of the methods below:
Online
Step 1: Apply Now
Click “Retrieve Myinfo with Singpass”. Please have your Singpass ID and password ready.
Step 2: Verify / complete your personal details and select the Time Deposit you wish to open. Follow the on-screen instruction to complete your Time Deposit placement.
Maybank2u SG app
For existing Maybank customers
Step 1: Download the Maybank2u SG app and login with your online banking username and password.
Step 2: Tap on ‘Apply’ > ‘Time Deposits’, and select the Time Deposit you wish to open.
For new customers
Step 1: Download the Maybank2u SG app and tap on ‘Apply’ > ‘Time Deposits’.
Step 2: Select the Time Deposit you wish to open, and apply via Singpass if you are a Singaporean or Permanent Resident.
You must have a Maybank Savings or Current Account and Maybank2u Online/Mobile Banking access to make the placement online.
Don’t have a Maybank Savings Account? Apply for one online, now.
Eligibility Requirements
- Minimum age: 16 years old
- Maintain any Maybank Savings or Current account with Maybank Online Banking access
Deposit Requirement
| Tenure | Deposit |
|---|---|
| 1-month | Minimum: S$5,000 Maximum: S$1,000,000 |
| 2-month | |
| 3-month | |
| 6-month | |
| 9-month | |
| 12-month | Minimum: S$20,000 Maximum: S$1,000,000 |
| 15-month | |
| 18-month | |
| 24-month |
Fees and Charges
Click here to view applicable Bank charges for Over-the-counter Fees
Useful information
- iSAVvy Time Deposit will be renewed as Singapore Dollar Time Deposit. Full payment of interest for the entire placement of the Singapore Dollar Time Deposit upon maturity.
- 15-month Singapore Dollar Time Deposit / Term Deposit-i / iSAVvy Time Deposit will be renewed to the same tenure (15-month) at 12-month board rate.
- Premature withdrawal of less than 3 months - No interest will be paid
- Premature withdrawal of more than 3 months - The interest is pro-rated based on the number of days the Time Deposit is placed, calculated on the lowest tier of the prevailing Savings Account rate at time of withdrawal or the contracted rate, whichever is lower.
- Maintain a minimum balance of S$10 in your savings account at all times.