Maybank iSAVvy Time Deposit


Maybank iSAVvy Time Deposit

Grow your money with iSAVvy Time Deposit - the online Singapore Dollar time deposit that gives you one of the highest time deposit interest rates in Singapore.

Promotion

Deposit online and earn up to 1.40% p.a.  

Deposit online and earn 1.45% p.a.

With minimum deposit of S$50,001 in 12-month Maybank iSAVvy Time Deposit

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Overview

Attractive base interestAttractive interest rates where you receive upfront interest on the next business day and interest-on-interest upon maturity
Withdraw cash for free at all Maybank and atm5 ATMs in SingaporePlace your deposit via round-the-clock service with Online and Mobile Banking
Round-the-clock service with Online and Mobile Banking Choice of 3, 6, 12, 24 or 36 months tenure

Eligibility



  • Minimum age: 16 years old
  • Initial deposit: S$5,000

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

Fees and Charges


Description
Fees and Charges
Over-the-counter Fees
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Important information
The iSAVvy Time Deposit is a deposit account that can only be operated via Maybank Online Banking. No statement or advice will be issued. iSAVvy Time Deposit does not allow for partial withdrawal and top-up of the principal amount. For premature withdrawal, the entire interest paid upfront will be returnable to the Bank through a deduction from the iSAVvy Time Deposit principal amount. No interest–on-interest will be paid. Such premature withdrawal can only be made at any of our Maybank branch in Singapore.

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.