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Maybank iSAVvy Time Deposit

 

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Min. Deposit
$50,001

Interest Rate
up to 1.30%

Review on Maybank iSAVvy Time Deposit

Pros
Upfront partial interest

Cons
Must have existing Maybank online banking account

 

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Details

12 mths
Above $50k 1.20% p.a.
$250k and above 1.30% p.a.

Enjoy up to 1.30% p.a. when you place SGD iSaVvy Time Deposit online

Enjoy 1.30% interest p.a. (0.25% p.a. upfront and 1.05% p.a. on maturity) when you place a 12 months SGD iSaVvy Time Deposit online with minimum amount of $250,000

Enjoy 1.20% interest p.a. (0.25% p.a. upfront and 0.95% p.a. on maturity) when you place a 12 months SGD iSaVvy Time Deposit online with minimum amount of $50,001

Promotional rates are applicable for a minimum placement amount of $50,001 into iSAVvy SGD Time Deposit via Maybank Online Banking only

Deposit placed into iSAVvy SGD Time Deposit must be debited from customer’s existing Maybank savings or current account via Maybank Online Banking

Receive upfront interest one calendar day after placement and interest-on-interest upon maturity

Choice of 3, 6, 12, 24 or 36 months tenure

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 Branches in Singapore.

 

Click here to go to Maybank website for more details

 

 

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