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Time Deposits

Singapore Dollar Privilege Plus Time Deposit

Earn additional interest and grow your principal while receiving regular payouts.

Important Notice


Change to Singapore Dollar Privilege Plus Time Deposit interest rate / Islamic Term Deposit profit rate

From 30 October 2020, we will be changing the Singapore Dollar Privilege Plus Time Deposit interest rate / Term Deposit-i profit rate.

Tenures (months)Current From 30 October 2020
6, 9, 12, 18 and 24 0.25% p.a.
above prevailing board rates
0.10% p.a.
above prevailing board rates

Benefits


  • Additional 0.25% 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

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

  • NRIC

 

Documents Requirement for Foreigners

  • Passport
  • Employment Pass
  • Proof of Mailing 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


DescriptionFees and Charges

Others

Click here to view other applicable Bank charges for our services

Useful Links


 

^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.

 

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.