Singapore Dollar Time Deposit

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

Key info

  • Among the highest time deposit interest rates in Singapore
  • Minimum deposit of S$1,000 (for a tenure of at least 2 months)
  • Placement periods from 1 to 36 months

 

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.

Leap up to 1.10% p.a. with SGD Time Deposit
Leap up to 1.10% p.a. with SGD Time Deposit From 7 March 2017, enjoy up to 1.10% p.a. when you deposit a minimum of S$25,000 in 12 months Singapore Dollar Time Deposit.

Click here to find out more.

Benefits

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 16 years of age

Required documents

  • Singapore Citizens and Singapore Permanent Residents – Singapore NRIC
  • Foreigners
    - Passport and Employment Pass; and
    - An original copy of the latest bank statement, utility or telecommunication bill with
       your residential address indicated

Fees and charges

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

Terms and conditions (PDF)

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 Minimum 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.