| 1. |
Do I need to be an existing Maybank customer to
place a Time Deposit online? |
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Yes, you will
need to be an existing Savings or Current account holder to allow the debiting of the principal
amount of the Time Deposit. However, you do not need
to have an existing Time Deposit account to enjoy
this service.
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| 2. |
What are the available foreign currencies for your
Foreign Currency Time Deposit? |
| |
You can place a Foreign Currency Time Deposit in any
of the following currencies: |
| |
- Australian Dollar
- Canadian Dollar
- Euro
- Japanese Yen
- New Zealand Dollar
- Sterling Pound
- Swiss Franc
- US Dollar
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| 3. |
What is the minimum
amount for Foreign Currency Time Deposit placement? |
| |
You need to place a minimum
of 10,000 units for all foreign currencies except for
Japanese Yen, which requires 2.5 million units. |
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| 4. |
When can I place a
Foreign Currency Time Deposit? |
| |
You can make your Foreign
Currency Time Deposit placement from Monday to Friday
(excluding Public Holidays) between 10 am and 3.30 pm. |
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| 5. |
When will the Foreign
Currency Time Deposit placement be effected? |
| |
Your Foreign Currency
Time Deposit account will be opened and your account
debited at the end of the placement day, for value spot
(i.e. interest will only start to accrue 2 business
days later). However, your Foreign Currency Time Deposit
interest rates and foreign exchange rates will be determined
at point of placement. |
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| 6. |
Can I select the maturity
date for my Time Deposit? |
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Yes, you can select the
maturity date when placing your Time Deposit on Maybank2u.com.sg
(Online Banking) |
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| 7. |
Can I terminate my
Time Deposit prematurely? |
| |
You can do so my sending
a written instruction to the Branch your Time Deposit
is held with or alternatively, visit any of our 22 Branches
in Singapore. |
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| 8. |
What happens to the
funds when the Time Deposit I placed online matures? |
| |
Your Time Deposit account
will be automatically renewed at the prevailing interest
rates for the same tenure as your existing account,
unless otherwise instructed at the point of your account
opening. |