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
Scale new heights with higher interest rate
Maybank Singapore Dollar 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.
Features
- Attractive interest rates
- Access overdraft facilities secured against your deposit
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.
Eligibility
- 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)
Fees and Charges
| Description | Fees and Charges |
|---|---|
|
Others |
Click here to view other applicable Bank charges for our services |
Useful information
- 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.