Singapore Dollar Term Deposit-i

Maybank Singapore Dollar Term Deposit-i protects and grows your asset

Key info

  • A deposit product based on Shariah principles
  • Open to all types of constitutions
  • Placement period of 1 to 36 months

Singapore Dollar Term Deposit-i is based on the Shariah principle of Murabaha, involving sale of commodities at marked-up price between Maybank and you. Profits are determined upfront and will be paid one calendar day after cash placement or cheque clearance.

Benefits

  • Low minimum deposit
  • Pays returns upfront instead of upon maturity
  • Easy monitoring of your deposit via Online Banking (www.maybank2u.com.sg)
  • Competitive profit rates

Minimum initial deposit

  • S$1,000 for 2 to 36-month tenure
  • S$10,000 for 1-month tenure

Who can apply

  • All types of constitutions
  • Account opening is subject to approval. All business activities must be deemed suitable under Shariah guidelines

Required documents

All documents provided must be certified true copies.

  • Sole Proprietorship
    • Identification documents of the Proprietor. Proprietor should be present for the account opening
    • Business Registration Certificate
  • Partnership
    • Identification documents of all Partners. Partners should be present with their identification documents for the account opening
    • Business Registration Certificate
  • LLP
    • Identification documents of the Partners. Partners should be present for the account opening
    • Business Registration Certificate
    • Resolution for LLP
    • LLP Agreement
  • Incorporated Companies
    • Identification documents of Directors/Authorised Signatories. Authorised Signatories should be present with their identification documents
    • Certificate of Incorporation
    • Board Resolution
  • Societies, Clubs and Associations
    • Identification documents of Executive Committee Members / Authorised Signatories. Authorised Signatories should be present with their identification documents
    • Licence or Certificate of Registration
    • Resolution passed by the committee or governing body
    • Constitutive Documents or Rules and Regulations

Fees and charges

To apply, visit any of our 21 Branches in Singapore today.

Terms and conditions (PDF)

Additional Terms Governing Islamic Term Deposits (PDF)

Questions? Our FAQ may help.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 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$50,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.



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