Based on Islamic financial principle of Murabaha involving sale of commodities at marked-up price between Maybank and you, your deposit is protected against uncertainty and speculation. Profits are not only determined upfront but will also be paid one calender day after cash placement or cheque clearance instead of upon maturity.

Benefits

• Low minimum deposit
• Pays returns upfront instead of upon maturity
• Easy monitoring of your deposit via Maybank2u.com.sg

Profit Rate

• Competitive profit rates
• Customers who are 55 years of age and above will enjoy 0.25% above prevailing profit rates

Minimum initial deposit

• S$10,000 for 12 and 24 months tenure
• S$25,000 for 3 and 6 months tenure

For customers who are 55 years of age and above who wish to enjoy 0.25% above prevailing profit rates:

• S$50,000 for at least 6 months
• S$25,000 for at least 12 months

Who can apply

• Singapore Citizens, Singapore Permanent Residents, Foreigners
• At least 15 years of age
• Joint account available

Required documents

• Singapore Citizens, Singapore Permanent Residents – Singapore NRIC
• Foreigners – Passport and Employment Pass or Work Permit

Fees and charges

• Service fees and charges may apply

To apply, simply bring your NRIC or passport when you visit any of our 22 Branches in Singapore.

Terms and conditions (PDF)

Additional Terms Governing Islamic Term Deposits (PDF)

Questions? Our FAQ may help.

Note:
Singapore dollar deposits of non-bank depositors placed with the Bank are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor as prescribed in the Deposit Insurance and Policy Owners’ Protection Schemes Act (“Act”). Singapore dollar deposits under the CPF Investment Scheme are separately insured up to S$50,000 in aggregate per depositor as prescribed in the Act. Structured deposits and other investment products are not insured under the scheme.