Time Deposit Promotion
Enjoy higher interest/profit rate with our SGD Time Deposit, Term Deposit-i and iSAVvy Time Deposit promotions.
Singapore Dollar Time Deposit / Term Deposit-i / iSAVvy Time Deposit Promotion
i. Deposits Bundle Promotion: Placement at branch and online.
| Tenure | Promotional Rate (% p.a.) | *Effective Rate (% p.a.) |
|---|---|---|
| 6 month | 1.55% | 1.41% |
*Based on blended rate for S$100,000 time deposit with 10% of the time deposit amount earmarked in a savings account earning 0.05% p.a.
- For both Individuals and Non-Individuals customers
- Minimum time deposit placement is S$20,000. 10% of the time deposit amount must be earmarked in a Maybank current or savings account for 6-months equivalent to tenure of time deposit
- Time deposit interest is paid upon maturity
- Fresh funds required for selected Maybank current or saving account:
| Individual | Non Individual |
|---|---|
| Passbook Savings Account | Current Account |
| Privilege Plus Savings Account | FlexiBiz Account |
| SaveUp Account | PremierBiz Account |
| PremierOne Account |
ii. Standalone Time Deposit and Term Deposit-i (at branches and online)
| Tenure | Promotional Rates (% p.a.) |
|---|---|
| 6 month | 1.30% |
| 9 month | 1.10% |
| 12 month | 1.15% |
- Minimum placement of S$20,000.
- Available to Individual and Non-Individual customers
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 ‘Apply’ > ‘Time Deposits’.
For new customers
Step 1: Download the Maybank2u SG app and tap on ‘Apply’ > ‘Time Deposits’.
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.
Useful information
- iSAVvy Time Deposit will be renewed as Singapore Dollar Time Deposit. Full payment of interest for the entire placement of the Singapore Dollar Time Deposit upon maturity.
- 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.
- Maintain a minimum balance of S$10 in your savings account at all times.