Protect and grow your asset with profits paid upfront

• 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.