Some things get better with age, just like enjoying higher interest and regular payout over time with us

• Additional 0.10% p.a. above Singapore Dollar Time Deposit prevailing board rates
• Choice of receiving monthly interest^ (for branch placement only)
• Round-the-clock service with Online and Mobile Banking
• Choice of 6, 9, 12, 18, 24 and 36 months tenure

Receive your interest from one of the arrangements below when you place your deposit for a minimum of 12 months:

• Monthly interest^ that is automatically credited directly into your designated Maybank Savings or Current Account (for branch placement only)
• A lump sum interest payment upon deposit maturity
• Roll over the interest with the principal amount upon deposit maturity

• Minimum age: 55 years old
• Initial deposit:
  • S$25,000 for tenures from 12 months and above
• S$50,000 for tenures from 6 months and above

Documents Requirement for Singapore Citizens or Permanent Residents

• Original physical NRIC

Documents Requirement for Foreigners (original physical documents required):

• Passport
• Employment Pass
• Proof of Residential Address (i.e. Utility/Telco bills or Bank statement from another bank in Singapore, where the name must be the same as your Passport and Employment Pass)

Terms & Conditions Governing the Operation of Singapore Dollar (SGD) Time Deposit Account (PDF)

^The option to receive the monthly interest is applicable to tenures of at least 12 months and above. The interest will be credited into your Maybank Privilege Plus Savings Account.

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.