Maybank Singapore Dollar Time Deposit


Maybank Singapore Dollar Time Deposit

Earn higher interest, access overdraft facilities secured against your deposit; renew your deposit placements automatically upon maturity.

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
Round-the-clock service with Online and Mobile BankingRound-the-clock service with Online and Mobile Banking
Choice of 36,12,24 or 36 months tenure or Choice Date with flexible tenures from 30 to 999 daysChoice of 3, 6, 12, 24 or 36 months tenure or Choice Date with flexible tenures from 30 to 999 days
Access overdraft facilities secured against your depositAccess overdraft facilities secured against your deposit

Choice Date

Refer to the table for the interest rates applicable to Choice Date Time Deposit:


Choice Date period
Interest rate applicable
30 to 59 days
60 to 89 days
90 to 179 days
180 to 269 days
270 to 359 days
360 to 539 days
540 to 719 days
720 to 999 days



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

Fees and Charges


Description
Fees and Charges
Others
Please click here to view the other Bank charges applicable for our services



Useful Links

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  • Premature withdrawal of less than 3 months – No interest will be paid
  • Premature withdrawal of more than 3 months – The interest is pro-rated based on the number of days the Time Deposit is placed, calculated on the lowest tier of the prevailing Savings Account rate at time of withdrawal or the contracted rate, whichever is lower.


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.