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 (Only at Branches)
|
Tenure |
Promotional Rate |
Effective Rate² |
|---|---|---|
|
6 month¹ |
1.55% |
1.41% |
Important Notes
¹6 month Deposit Bundle Promotion is applicable for
- Individual customers only
- Placement at branch only
- Customers who have successfully completed a discussion to uncover their financial needs or financial health check, as determined by the Bank
- 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
ii. Deposits Bundle Promotion (at branches and online)
|
Tenure |
Promotional Rate |
Effective Rate² |
|---|---|---|
|
9 month |
1.45% |
1.32% |
|
12 month |
1.45% |
1.32% |
- 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 9 and 12 months equivalent to tenure of time deposit
- Time deposit interest is paid upon maturity
²Based 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.
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 |
iii. Standalone Time Deposit and Term Deposit-i (at branches and online)
| Tenure | Promotional Rates (% p.a.) |
|---|---|
| 6 month | 1.30% |
| 9 month | 1.30% |
| 12 month | 1.30% |
- 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.