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Time Deposits

iSAVvy Time Deposit

Earn upfront interest on the next business day with this one-of-a-kind online time deposit.

Important Notice


Changes to Terms and Conditions Governing Time Deposit Accounts

From 21 March 2021, the Terms and Conditions Governing the Operation of Singapore Dollar (SGD) Time Deposit Account / iSAVvy Time Deposit Account ("Terms and Conditions") will be revised.

 

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Benefits


  • Attractive upfront interest on the next business day
  • 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 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$25,000 for 12, 24 and 36 months tenure

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


 

Make an appointment

 

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.

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.