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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 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

Login to Online Banking

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


Description
Fees and Charges
Over-the-counter Fees
Click here to view other applicable Bank charges for our services

 

Useful Links


 

Make an appointment

 

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.