• Competitive profit rates, with profits given upfront instead of upon maturity.
• Choice of 1, 2, 3, 6, 9, 12, 15, 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 0.10% above prevailing profit rates¹, with a choice of 6, 9, 12, 18, 24 or 36-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

ELIGIBILITY:

• Age: 16 and above.

MINIMUM DEPOSIT:

• S$1,000 for tenures from 2 to 36 months
• S$10,000 for 1-month tenure and Odd Days Term Deposit-i with flexible tenure

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

• Terms & Conditions Governing the Operation of Singapore Dollar (SGD) Time Deposit Account (PDF)
• FAQ
• Additional Terms Governing Islamic Term Deposits
• Maybank Shariah Committee Members

• Premature withdrawal within 3 months from placement date - Upfront profit paid will be clawed back in full from principal amount.
• Premature withdrawal after 3 months from placement date – Upfront profit paid will be partially clawed back from principal amount. The profit due to customer is half of the pro-rated profit based on the number of days the Term Deposit is placed.

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.