Foreign Currency Term Deposit-i


Foreign Currency Term Deposit-i

Diversify your portfolio via different foreign currencies; benefit from competitive profit and exchange rates.

Foreign Currency 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 upon maturity.

Overview

interest rateCompetitive profit rates and exchange rates
Business Internet BankingRound-the-clock service with Online and Mobile Banking
timeChoice of 1, 2, 3 and 6 months tenure for all currencies and 12 months for AUD, GBP, NZD and USD
overdraftAccess overdraft facilities secured against your deposit

Eligibility



  • Minimum age: 18 years old
  • Initial deposit:
    • 10,000 units for all foreign currencies and 2.5 million units for JPY only

Documents Requirement for Singapore Citizens or Permanent Residents

  • NRIC

Documents Requirement for Foreigners

  • Passport
  • Employment Pass
  • Proof of Mailing Address (i.e. Utility/Telco/Bank statement with another bank in Singapore) where name must be the same as your Passport and Employment Pass


Account opening is subject to the Bank's approval.

Fees and Charges


Description
Fees and Charges
Others
Please click here to view the other Bank charges applicable for our services



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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.