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Time Deposits

Soar above the clouds and earn upfront interest the next day

Maybank iSAVvy Time Deposit #ForYou

Promotion


Time Deposit Promotions

Enjoy attractive interest rate of up to 3.90% p.a. with our SGD Time Deposit and iSAVvy Time Deposit promotions.

Find Out More

Terms and Conditions apply.

Benefits


How to place deposit


Login to Maybank2u 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

Click here to view a simple step-by-step guide to place Time Deposits online.

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 Requirements


  • Minimum age: 16 years old
  • Maintain any Maybank Savings or Current account with Maybank Online Banking access

Deposit Requirement


Minimum Deposit

  • S$5,000 for 3 and 6 months tenure
  • S$20,000 for remaining tenures

Maximum Deposit

  • S$1 million for all tenures

Fees and Charges


Click here to view applicable Bank charges for Over-the-counter Fees

Useful Links


 

Important 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.

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.

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.