Singapore Dollar Term Deposit-i


Singapore Dollar Term Deposit-i

Protect and grow your asset. 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.

Overview

interest rateCompetitive profit rates with profits given upfront, instead of upon maturity.
Business Internet BankingRound-the-clock service with Online and Mobile Banking
tenureChoice of 1, 2, 3, 6, 9, 12, 24 or 36 months tenure or Odd Days Term Deposit-i
Profit rateCustomers who are 55 years of age and above will enjoy 0.25% above prevailing profit rates
Access overdraft facilities secured against your depositAccess overdraft facilities secured against your deposit
 

Eligibility



  • Minimum age: 16 years old
  • Initial Deposit
    • S$1,000 for tenures from 2 to 36 months
    • S$10,000 for 1-month tenure and Choice Date with flexible tenure
    • S$1,000,000 for a 1-week tenure, applicable only to corporate accounts

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.