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Islamic Deposits

Singapore Dollar Term Deposit-i

Protect and grow your assets, with profits determined upfront and paid one calendar day after cash placement or cheque clearance. Transaction is based upon the Shariah principle of Murabaha, involving the sale of commodities at a marked-up price between Maybank and you.

  • Key Info

    Competitive profit rates with profits given upfront, instead of upon maturity.

  • Initial Deposit

    • S$1,000 for tenure from 2 to 36 months
    • S$10,000 for 1-month tenure and Choice Date with flexible tenures

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


  • Competitive profit rates, with profits given upfront instead of upon maturity.
  • 24-hour service with Maybank Online & Mobile Banking.
  • Choice of 1, 2, 3, 6, 9, 12, 24, or 36-month tenure or Odd Days Term Deposit-i.
  • Access to overdraft facilities secured against your deposit.
  • Customers 55-years-old and above enjoy 0.25% above prevailing profit rates¹, with a choice of 6, 9, 12, 18 and 24 months tenure.

¹The following minimum deposits apply:

  • S$50,000 for 6 and 9 months tenure
  • S$25,000 for tenures from 12 months and above

Requirements


ELIGIBILITY:

  • Age: 16 and above.

 

APPLICATION DOCUMENTS:
Singapore Citizens or Singapore Permanent Residents

  • NRIC

Foreigners

  • Passport
  • Employment Pass
  • Proof of mailing address i.e. utilities bill or bank statement with residential address, where the name must be the same as your Passport and Employment Pass

Fees & Charges


DescriptionFees and Charges
Others Click here to view other applicable Bank charges for our services

Important Information


 

Make an appointment

Need to change Term Deposit-i instruction? Click here.

 

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.