Scale new heights with higher interest rate

Revisions to Maybank Savings and Current Account interest/hibah tiers

From 1 July 2025, we will be revising the interest/hibah tiers for the following Maybank Savings and Current Accounts.

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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.

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• Attractive interest rates
• Singapore Dollar Time Deposit board rates
• Choice Date Interest Rate
• Access overdraft facilities secured against your 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

Apply Online 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 ‘Apply’ > ‘Time Deposits’, and select the Time Deposit you wish to open.

For new customers

Step 1: Download the Maybank2u SG app and tap on  ‘Apply’ > ‘Time Deposits’.

Step 2: Select the Time Deposit you wish to open, and apply via Singpass if you are a Singaporean or Permanent Resident.

Download now

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.

• Minimum age: 16 years old
• Initial deposit:
  • S$1,000 for tenures from 2 to 24 months
  • S$10,000 for 1-month tenure and Choice Date with flexible tenure
  • S$1,000,000 for a 1-week tenure, applicable only to corporate accounts

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)

• 15-month Singapore Dollar Time Deposit / Term Deposit-i / iSAVvy Time Deposit will be renewed to the same tenure (15-month) at 12-month board rate.
• 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.
• 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)