Money Lobang

Maybank iSAVvy Time Deposit

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Rating: 5.0/5.0 (3 Reviews)
Interest RateUp to 0.60%
Min. Deposit $25,000

Maybank iSAVvy Time Deposit Review

Pros

Upfront partial interest for Maybank iSAVvy Time Deposit

Higher FD interest rate for longer tenures

Cons

Must have existing Maybank online banking account for Maybank iSAVvy Time Deposit

Rates have dropped quite significantly in recent months

Interest on interest to be removed from 21 Mar 2021

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Deposit Details Maybank iSAVvy Time Deposit Interest Rates

  12 mths 24 mths 36 mths
$25k to $1m 0.40% p.a. 0.55% p.a. 0.60% p.a.

 

Enjoy 0.60% interest p.a. (0.25% p.a. upfront and 0.35% p.a. on maturity) when you place a 36 months SGD iSaVvy Time Deposit online via Maybank Online Banking with minimum amount of $25,000

Enjoy 0.55% interest p.a. (0.25% p.a. upfront and 0.30% p.a. on maturity) when you place a 24 months SGD iSaVvy Time Deposit online via Maybank Online Banking with minimum amount of $25,000

Enjoy 0.40% interest p.a. (0.25% p.a. upfront and 0.15% p.a. on maturity) when you place a 12 months SGD iSaVvy Time Deposit online via Maybank Online Banking with minimum amount of $25,000

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 next business day after placement for Maybank iSAVvy SGD Time Deposit

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. Such premature withdrawal can only be made at any Maybank Branch in Singapore

 

Placements made into Maybank Time Deposit / Islamic Term Deposit will earn 0.60% / 0.50% / 0.35% p.a.  for 36 / 24 / 12 months tenure but without the upfront interest seen in Maybank iSaVvy Time Deposit

Senior citizens of 55 years and above will earn 0.1% p.a. additional interest for deposits into Maybank Time Deposit / Islamic Term Deposit

 

Click here to go to Maybank website for more details

 

Deposits Historical Data Logo Maybank iSAVvy Time Deposit Rates Historical Chart

Maybank Fixed Deposit Rates Historical Chart

* Interest Rates based on highest fixed deposit rate with
maximum deposit amount of $75,000 and 3 to 18 months tenure

 

Maybank current highest fixed deposit rate is 0.40% p.a. for 12 months tenure with minimum deposit of $25,000.

There is currently no fixed deposit promotional rate for Maybank Fixed Deposits. The current highest fixed deposit rate is a Maybank board rate

The current Money Lobang National Average Fixed Deposit Rates for September 2021 is 0.48% p.a.

The average monthly highest fixed deposit rate for Maybank since 2018 is 1.27% p.a.

The last time Maybank had a fixed deposit rate promotion was in May 2020

 

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3 Reviews
(Not all reviews shown on page. Search or Sort reviews to find review)
Rating:
5.0/5.0 (3)
5.0/5.0 (3)
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Maybank iSAVvy Time Deposit Review

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