Deposit online and earn up to 1.15% p.a.
With a minimum initial deposit of S$25,000 in the 24-month Maybank iSAVvy Time Deposit
Terms and Conditions apply.
Time Deposits
Singapore Dollar Time Deposit
Earn higher interest and enjoy the convenience of overdraft facilities secured against your deposit placement.
Benefits
- Attractive interest rates
- Round-the-clock service with Online and Mobile Banking
- Choice of 3, 6, 12, 24 or 36 months tenure or Choice Date with flexible tenures from 30 to 999 days
- Access overdraft facilities secured against your deposit
Choice Date
Refer to the table for the interest rates applicable to Choice Date Time Deposit:
|
Choice Date period
|
Interest rate applicable
|
|---|---|
|
30 to 59 days
|
|
|
60 to 89 days
|
|
|
90 to 179 days
|
|
|
180 to 269 days
|
|
|
270 to 359 days
|
|
|
360 to 539 days
|
|
|
540 to 719 days
|
|
|
720 to 999 days
|
Eligibility
- Minimum age: 16 years old
- Initial deposit:
- S$1,000 for tenures from 2 to 36 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
- 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
| Description | Fees and Charges |
|---|---|
|
Others |
Click here to view other applicable Bank charges for our services |
Useful Links
- Rules and Regulations Governing Singapore Dollar Time Deposit Account
- Need to change Time Deposit instruction? Click here.
- 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.
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.