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 any applicant aged 16 and above
  • 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

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$1,000 for 2 to 36-month tenure
  • S$10,000 for 1-month 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 16 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

To apply, simply bring your NRIC or passport when you visit any of our 21 Branches in Singapore.

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.