Discontinuation of 36-Month Maybank Singapore Dollar Time Deposit Placements
Effective 25 April 2025, we will cease new placements of 36-month Singapore Dollar Time Deposits / Term Deposit-i.
Terms and Conditions apply.
Time Deposits
Some things get better with age, just like enjoying higher interest and regular payout over time with us
Maybank Privilege Plus Time Deposit
Promotion
Time Deposit Promotions
Enjoy attractive interest rate of up to 2.45% p.a. with our SGD Time Deposit.
Terms and Conditions apply.
Benefits
- 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 and 24 months tenure
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 ‘More’ > ‘Apply’.
For new customers
Step 1: Download the Maybank2u SG app and tap on ‘More’ > ‘Apply’.
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.
Maturity Instruction
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
Eligibility
- 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)
Fees and Charges
| Description | Fees and Charges |
|---|---|
|
Others |
Click here to view other applicable Bank charges for our services |
Useful Links
- Maintain a minimum balance of S$10 in your savings account at all times.
- Terms and Conditions Governing the Operation of Singapore Dollar (SGD) Time Deposit Account (PDF)
- Terms and Conditions Governing Money Lock (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.