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Cessation of new placements of 36-month Singapore Dollar Time Deposits / Term Deposit-i at Branch

From 24 February 2025, we will cease new placements of 36-month Singapore Dollar Time Deposits / Term Deposit-i at the Branch.

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Terms and Conditions apply.

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

If you are an existing Maybank customer, you can conveniently place a Time Deposit via:

Maybank2u Online Banking

Step 1: Log in, select Apply >Time Deposit
Step 2: Select the Time Deposit account type, enter Principal amount and choose Transfer From (account) to debit funds for this placement
Step 3: Select Tenure > Maturity Instructions
Step 4: Decide if you wish to lock your TD account
Step 5: Agree to confirm the placement

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Maybank2u SG (Lite) app

Step 1: Log in, select More (at bottom right) > Apply >Time Deposit
Step 2: Select the Time Deposit account type, enter Principal amount and choose Transfer From (account) to debit funds for this placement
Step 3: Select Tenure > Maturity Instructions
Step 4: Decide if you wish to lock your TD account
Step 5: Agree to confirm the placement

 

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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 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

• 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.

Terms & Conditions Governing the Operation of Singapore Dollar (SGD) Time Deposit Account (PDF)