Upfront partial interest for Maybank iSAVvy Time Deposit
Higher FD interest rate for longer tenures
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
|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
* 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