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Introducing iSAVvy Time Deposit, the world's first and only online Time Deposit that gives you both upfront interest* PLUS interest-on-interest**! |
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1% p.a. upfront interest* one calendar day after placement |
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interest-on-interest** of up to 88% when your deposit matures |
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| That's a total of up to 1.88%^ p.a. |
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Here’s what you can enjoy when you place an iSAVvy Time Deposit in amounts of:
a) S$25,000 to S$50,000 |
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Tenure |
Upfront Interest |
Interest-on-interest |
Total Interest^ |
3 months |
1% p.a. |
28% |
1.28% p.a. |
6 months |
1% p.a. |
48% |
1.48% p.a. |
12 months |
1% p.a. |
68% |
1.68% p.a. |
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b) S$50,001 to S$249,999 |
Tenure |
Upfront Interest |
Interest-on-interest |
Total Interest^ |
3 months |
1% p.a. |
48% |
1.48% p.a. |
6 months |
1% p.a. |
68% |
1.68% p.a. |
12 months |
1% p.a. |
88% |
1.88% p.a. |
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c) S$250,000 to S$1,000,000 |
Tenure |
Upfront Interest |
Interest-on-interest |
Total Interest^ |
3 months |
1% p.a. |
68% |
1.68% p.a. |
6 months |
1% p.a. |
88% |
1.88% p.a. |
12 months |
1% p.a. |
88% |
1.88% p.a. |
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Eligibility |
| iSAVvy Time Deposit is available as a personal or joint account. To open an account, you need to: |
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| Benefits |
| With our iSAVvy Time Deposit, you'll enjoy: |
- Upfront payment of interest as early as one calendar day from placement
- Interest-on-interest on maturity of deposit
- One of the highest Time Deposit interest rates in Singapore
- Auto-renewal of your Time Deposit upon maturity
- Easy monitoring of your deposit via Maybank2u.com.sg and Mobile Banking
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To be eligible for upfront interest, a minimum deposit of S$25,000 is required. Upfront interest will be credited into the iSAVvy Savings Account on the next calendar day, based on the prevailing upfront interest rate, currently at 1% p.a. |
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To be eligible for interest-on-interest, a minimum deposit of S$25,000 is required. Interest-on-interest will be credited into the iSAVvy Savings Account upon maturity of the iSAVvy Time Deposit, based on the interest-on-interest rate determined at the point of placement |
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Offer is valid for a limited period only. Rates are subject to change. Terms and conditions apply |
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| Important Notes |
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iSAVvy Time Deposit is a deposit account that can only be operated via Maybank2u.com.sg (Online Banking). No statements or advices will be issued. Account holders can view their deposit details via Maybank2u.com.sg. An iSAVvy Savings Account should be opened prior to the placement of the iSAVvy Time Deposit. The principal amount for the iSAVvy Time Deposit will be debited from the iSAVvy Savings Account. iSAVvy Time Deposit does not allow for partial withdrawal and top-up of the principal amount. Premature withdrawal of the entire iSAVvy Time Deposit can only be made at a Maybank Branch. For premature withdrawal, the entire interest paid upfront will be returnable to the Bank through a deduction from the iSAVvy Time Deposit principal amount and no interest-on-interest will be paid. Please note that service fees and charges may apply for over the counter transactions. |
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Information (including interest rates and charges) is subject to change and is correct at time of print.
Singapore dollar deposits ("insured deposit") placed by an individual (excluding sole proprietorships and partnerships), charity or such persons prescribed in the Deposit Insurance Act 2005 (the "Act") with the Bank will be insured pursuant to the terms of the Act and up to the amounts provided for in the Act. The insured deposit that is insured under the Act has the meaning prescribed in the Act. |
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