Maybank iSAVvy Foreign Currency Time Deposit


Maybank iSAVvy Foreign Currency Time Deposit

Maybank iSAVvy Foreign Currency Time Deposit

Manage your portfolio at your own convenience online, choose from the wide array of foreign currencies and enjoy preferential interest and foreign exchange rates on your foreign currencies .

Overview

Competitive interest rates and exchange ratesCompetitive interest rates and exchange rates
Round-the-clock service with Online and Mobile BankingRound-the-clock service with Online and Mobile Banking
Choice of 1, 2, 3 and 6 months tenure for all currencies and 12 months for AUD, GBP, NZD and USDChoice of 1, 2, 3 and 6 months tenure for all currencies and 12 months for AUD, GBP, NZD and USD
5 major currencies available5 major currencies available, i.e. AUD, EUR, NZD, GBP and USD

Eligibility



  • Minimum age: 18 years old
  • Initial deposit:
    • 10,000 units for all foreign currencies

  • Maintain any Maybank Savings or Current account with Maybank Online Banking access
    • Foreign Currency Time Deposit principal will be debited from this account
    • Interest and principal upon deposit maturity will be credited to this account

 



Fees and Charges


Description
Fees and Charges
Over-the-counter Fees
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Important information
The iSAVvy Foreign Currency Time Deposit is a deposit account that can only be operated via Maybank2u.com.sg. No statement or advice will be issued. Premature withdrawal (whether partial or in full) and top-up of the principal amount is not permitted. The Bank may however in its discretion, allow a premature withdrawal in full upon it being compensated for all losses arising from such premature withdrawal, including the replacement cost for such deposit. Such premature withdrawal and any change in Maturity Instruction can only be made at least 2 business days in advance, at any of our Maybank Branch in Singapore.

Note
Foreign currency investments are subject to fluctuations with either the possibility of profit or the risk of loss. Please note that principal investment can also be eroded.