Earn higher interest by putting your money in a Singapore Dollar Time Deposit. With the range of placement periods from 1 to 36 months, you have the option of picking the most suitable tenure to maximise the potential of your savings.

Benefits

• Access overdraft facilities secured against your deposit
• Auto-renewal of deposit upon maturity
• Easy monitoring of your deposit via PhoneBanking (Dial-Link) and Maybank2u.com.sg

Interest rate

Among the highest time deposit interest rates in Singapore

• 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.

Minimum initial deposit

• S$1,000 for tenures from 2 to 36 months
• S$10,000 for a 1-month tenure
• S$1,000,000 for a 1-week tenure, applicable only to corporate accounts

Who can apply

• Singapore Citizens, Singapore Permanent Residents, Foreigners
• At least 15 years of age

Required documents

• Singapore Citizens and Singapore Permanent Residents – Singapore NRIC
• Foreigners – Passport and Employment Pass or Work Permit

Fees and charges

• Service fees and charges may apply

If you are a Maybank Account holder with online access, you can login to Maybank2u.com.sg and place your time deposit online immediately. Alternatively, visit any of our 22 Branches in Singapore today.

Terms and conditions (PDF)

Note

Singapore dollar deposits of non-bank depositors placed with the Bank are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor as prescribed in the Deposit Insurance and Policy Owners’ Protection Schemes Act (“Act”). Singapore dollar deposits under the CPF Investment Scheme are separately insured up to S$50,000 in aggregate per depositor as prescribed in the Act. Structured deposits and other investment products are not insured under the scheme.