• Banks Offering Highest Fixed Deposit Rates in Singapore

    Why invest in Fixed Deposits and what are their advantages?

    When you have fulfilled all your required goals and have some extra cash to spare, instead of splurging, you could consider investing your hard earned money in Fixed Deposits. It is a known fact that Singaporeans are conservative about their money and they have every reason to be. But more often than not people choose to invest in stocks and shares or other bonds that are far more risky and forget entirely about fixed deposits. What you need to know about fixed deposits are that they are like a savings account but one where you cannot withdraw your money until the maturity period is complete to reap the entire benefits of the interest rates that have been offered to you at the time of opening the fixed deposit savings account. Though there are many who consider fixed deposits to be a lousy investment, it holds a lot of benefits.

    A fixed deposit is also referred to as a Time Deposit. It is an account that holds a fixed amount for a fixed period of time carrying a fixed interest rate until the maturity period has been reached. This is a process of locking up your money for a specific period of time without touching it. You can open a fixed deposit account for as short as 1 month and as long as over 10 years, depending on the bank or the financial institution. The longer you keep your savings locked in the fixed deposit account, the more interest you will earn on it. It is common knowledge that many banks offer increasing interest rate structures the longer tenure you choose for this savings account.

    Unlike other investments, with a fixed or a time deposit, you will already know how much return you are going to earn through this savings. A fixed deposit guarantees a fixed and definite return on your savings. Also, during times of emergencies, you are also allowed to withdraw the amount on your fixed deposit account for any purpose. It is a myth or a misconception that once you lock away your money in a fixed deposit, it is lost until the maturity period is up. However, this is not the case. You can withdraw your money as and when you like but you may receive lesser interest or in some case, no interest. However, to withdraw your money and keep your interest intact, you can avail the overdraft facility on your fixed deposit where you are allowed to withdraw up to a certain amount and then you repay it back in monthly instalments. This is a cyclical process where once you have repaid the withdrawn amount, you can once again withdraw from your savings. There is no limit to this process.

    Usually banks and other financial institutions offer higher rates for fixed deposits when you deposit a large sum of money, however, there are also promotional rates to look for where you are offered high interest rate structures even for lower deposit amounts for a specific period of time. Also, if you are priority customer of the bank, you will also enjoy even higher rates because the bank considers you a valuable customer. For instance, leading banks in Singapore such as CIMB and HSBC offer special interest rates to their priority customers.

    Why open a fixed deposit account?

    There are many reasons to want to open a fixed deposit account. First and foremost, fixed deposits carry the lowest form of risk compared to any other investment in the market presently. As long as the bank itself does not collapse, your money plus interest earned and safe and will reach you no matter what. Even under market fluctuation conditions, you don’t have a reason to worry because the interest rate structure of fixed deposits are fixed. Another reason is that if you already have made investments in other high profile ways such as stocks, shares, real estate and so on, you could use a stress free, low profile investment such as a fixed deposit with a guaranteed return. Also, if you have large amounts of money to spare that you do not plan to spend in any other way such as other investments, personal emergencies, splurging, you can channel these funds into something as low risk as a fixed deposit. Lastly and most importantly, fixed deposits are highly liquid. You can withdraw your money as and when you wish.

    Top 3 banks Fixed Deposit Interest Rates in Singapore

    1. OCBC Bank: Oversea – Chinese Banking Corporation
    2. OCBC is one of the largest banks in the world with its headquarters in Singapore. The total assets of the bank are worth more than Singapore itself. Since the bank’s inception in the year 1919. It has been providing a wide range of customizable and innovative financial solutions and banking products to its customers. Today, the bank is present in more than 18 different countries and territories.

      OCBC SGD Time Deposit

      This OCBC Fixed deposit offers high interest rate structures at a promotional interest rate of 1.65% per annum with a tenure that starts from 1 month and up to 36 months with a minimum deposit amount of just SGD 5000.

      Find below the interest rate structure and tenure for a fixed deposit amount between SGD 5000 and up to SGD 20, 000.

      Tenure Interest Rate
      1 month and up to 2 months 0.0500 percent per annum
      3 months and up to 5 months 0.1000 percent per annum
      6 months 0.1500 percent per annum
      7 months and up to 8 months 0.1500 percent per annum
      9 months and up to 11 months 0.2000 percent per annum
      12 months and up to 15 months 0.2500 percent per annum
      18 months 0.5000 percent per annum
      24 months 0.5500 percent per annum
      36 months 0.6500 percent per annum

      Find below the interest rate structure and tenure for a fixed deposit amount above SGD 20, 000 and up to SGD 50, 000.

      Tenure Interest Rate
      1 month and up to 2 months 0.0500 percent per annum
      3 months and up to 5 months 0.1000 percent per annum
      6 months 0.1500 percent per annum
      7 months and up to 8 months 0.1500 percent per annum
      9 months and up to 11 months 0.2000 percent per annum
      12 months and up to 15 months 0.2500 percent per annum
      18 months 0.5000 percent per annum
      24 months 0.5500 percent per annum
      36 months 0.6500 percent per annum

      Find below the interest rate structure and tenure for a fixed deposit amount above SGD 50, 000 and up to SGD 99, 999.

      Tenure Interest Rate
      1 month and up to 2 months 0.0500 percent per annum
      3 months and up to 5 months 0.1000 percent per annum
      6 months 0.1500 percent per annum
      7 months and up to 8 months 0.1500 percent per annum
      9 months and up to 11 months 0.2000 percent per annum
      12 months and up to 15 months 0.2500 percent per annum
      18 months 0.5000 percent per annum
      24 months 0.5500 percent per annum
      36 months 0.6500 percent per annum

      Find below the interest rate structure and tenure for a fixed deposit amount between SGD 100, 000 and up to SGD 249, 999.

      Tenure Interest Rate
      1 month and up to 2 months 0.0500 percent per annum
      3 months and up to 5 months 0.1000 percent per annum
      6 months 0.1500 percent per annum
      7 months and up to 8 months 0.1500 percent per annum
      9 months and up to 11 months 0.2000 percent per annum
      12 months and up to 15 months 0.2500 percent per annum
      18 months 0.5000 percent per annum
      24 months 0.5500 percent per annum
      36 months 0.6500 percent per annum

      Find below the interest rate structure and tenure for a fixed deposit amount between SGD 250, 000 and up to SGD 499, 999.

      Tenure Interest Rate
      1 month and up to 2 months 0.0500 percent per annum
      3 months and up to 5 months 0.1000 percent per annum
      6 months 0.1500 percent per annum
      7 months and up to 8 months 0.1500 percent per annum
      9 months and up to 11 months 0.2000 percent per annum
      12 months and up to 15 months 0.2500 percent per annum
      18 months 0.5000 percent per annum
      24 months 0.5500 percent per annum
      36 months 0.6500 percent per annum

      Find below the interest rate structure and tenure for a fixed deposit amount between SGD 500, 000 and up to SGD 999, 999.

      Tenure Interest Rate
      1 month and up to 2 months 0.0500 percent per annum
      3 months and up to 5 months 0.1000 percent per annum
      6 months 0.1500 percent per annum
      7 months and up to 8 months 0.1500 percent per annum
      9 months and up to 11 months 0.2000 percent per annum
      12 months and up to 15 months 0.2500 percent per annum
      18 months 0.5000 percent per annum
      24 months 0.5500 percent per annum
      36 months 0.6500 percent per annum

      OCBC Foreign Currency Time Deposit

      OCBC offers foreign currency Time Deposit for the following foreign currencies with an initial deposit of 5000 units –

      • Australian Dollar (AUD)
      • Canadian Dollar (CAD)
      • Euro (EUR)
      • Sterling Pound (GBP)
      • Chinese Yuan Offshore (CNH)
      • Hong Kong Dollar (HKD)
      • Japanese Yen (JPY)
      • New Zealand Dollar (NZD)
      • Swiss Franc (CHF)
      • United States Dollar (USD)

      Promotional Interest Rate Structure

      • Tenure – 3 months
      • Amount – Minimum amount of 5000 units in the respective currency and up to an equivalent of SGD 999, 999.
      • Currency Interest Rate Structure
        Australian Dollar (AUD) 2.50 percent per annum
        New Zealand Dollar (NZD) 3.10 percent per annum
        U.S. Dollar (USD) 0.70 percent per annum
      • Tenure – 12 months
      • Amount – Minimum amount of 5000 units in the respective currency and up to an equivalent of SGD 999, 999.
      • Currency Interest Rate Structure
        Australian Dollar (AUD) 2.90 percent per annum
        New Zealand Dollar (NZD) 3.40 percent per annum
        U.S. Dollar (USD) 1.10 percent per annum

      Foreign Currency Deposit Interest Rates

      • United States Dollar – USD
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial $ 49, 999 0.21000 percent per annum 0.29000 percent per annum 0.36000 percent per annum 0.42000 percent per annum 0.48000 percent per annum 0.47000 percent per annum 0.45000 percent per annum 0.44000 percent per annum 0.53000 percent per annum
        $ 50, 000 and up to $ 99, 999 0.23000 percent per annum 0.32000 percent per annum 0.40000 percent per annum 0.46000 percent per annum 0.58000 percent per annum 0.57000 percent per annum 0.55000 percent per annum 0.54000 percent per annum 0.73000 percent per annum
        $ 100, 000 and up to $ 249, 999  0.23000 percent per annum 0.32000 percent per annum 0.40000 percent per annum 0.46000 percent per annum 0.58000 percent per annum 0.57000 percent per annum 0.55000 percent per annum 0.54000 percent per annum 0.82000 percent per annum
        $ 250, 000 and up to $ 499, 999  0.24000 percent per annum 0.33000 percent per annum 0.42000 percent per annum 0.48000 percent per annum 0.63000 percent per annum 0.62000 percent per annum 0.60000 percent per annum 0.59000 percent per annum 0.86000 percent per annum
        Above $500, 000  0.25000 percent per annum 0.34000 percent per annum 0.42500 percent per annum 0.48500 percent per annum 0.64000 percent per annum 0.63000 percent per annum 0.61000 percent per annum 0.60000 percent per annum 0.91000 percent per annum
      • Australian Dollar – AUD
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial $ 49, 999 0.39000 percent per annum 0.50000 percent per annum 0.59000 percent per annum 0.62000 percent per annum 0.75000 percent per annum 0.72000 percent per annum 0.68000 percent per annum 0.65000 percent per annum 0.75000 percent per annum
        $ 50, 000 and up to $ 99, 999 0.79000 percent per annum 0.90000 percent per annum 0.99000 percent per annum 1.02000 percent per annum 1.15000 percent per annum 1.12000 percent per annum 1.08000 percent per annum 1.05000 percent per annum 1.15000 percent per annum
        $ 100, 000 and up to $ 249, 999  0.99000 percent per annum 1.10000 percent per annum 1.19000 percent per annum 1.22000 percent per annum 1.35000 percent per annum 1.32000 percent per annum 1.28000 percent per annum 1.25000 percent per annum 1.35000 percent per annum
        $ 250, 000 and up to $ 499, 999  1.39000 percent per annum 1.50000 percent per annum 1.59000 percent per annum 1.62000 percent per annum 1.75000 percent per annum 1.72000 percent per annum 1.68000 percent per annum 1.65000 percent per annum 1.75000 percent per annum
        Above $500, 000  1.43000 percent per annum 1.54000 percent per annum 1.63000 percent per annum 1.66000 percent per annum 1.79000 percent per annum 1.76000 percent per annum 1.72000 percent per annum 1.69000 percent per annum 1.78000 percent per annum
      • Canadian Dollar – CAD
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial $ 49, 999 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 50, 000 and up to $ 99, 999 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 100, 000 and up to $ 249, 999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable 0.05000 percent per annum
        $ 250, 000 and up to $ 499, 999  Not Applicable Not Applicable 0.02000 percent per annum Not Applicable 0.13000 percent per annum Not Applicable Not Applicable 0.08000 percent per annum 0.30000
        Above $500, 000  Not Applicable Not Applicable 0.05000 percent per annum Not Applicable 0.15000 percent per annum Not Applicable Not Applicable 0.10000 percent per annum 0.32000 percent per annum
      • Chinese Yuan Offshore - CNH
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial $ 49, 999 6.50000 percent per annum Not Applicable 4.65000 percent per annum Not Applicable 3.20000 percent per annum Not Applicable Not Applicable 2.55000 percent per annum 2.35000 percent per annum
        $ 50, 000 and up to $ 99, 999 6.55000 percent per annum Not Applicable 4.70000 percent per annum Not Applicable 3.25000 percent per annum Not Applicable Not Applicable 2.60000 percent per annum 2.40000 percent per annum
        $ 100, 000 and up to $ 249, 999  6.60000 percent per annum Not Applicable 4.75000 percent per annum Not Applicable 3.30000 percent per annum Not Applicable Not Applicable 2.65000 percent per annum 2.45000 percent per annum
        $ 250, 000 and up to $ 499, 999  6.65000 percent per annum Not Applicable 4.80000 percent per annum Not Applicable 3.35000 percent per annum Not Applicable Not Applicable 2.70000 percent per annum 2.50000 percent per annum
        Above $500, 000  6.70000 percent per annum Not Applicable 4.85000 percent per annum Not Applicable 3.40000 percent per annum Not Applicable Not Applicable 2.75000 percent per annum 2.55000 percent per annum
      • Euro - EUR
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial $ 49, 999 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 50, 000 and up to $ 99, 999 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 100, 000 and up to $ 249, 999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 250, 000 and up to $ 499, 999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        Above $500, 000  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
      • Hong Kong Dollar – HKD
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial $ 49, 999 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 50, 000 and up to $ 99, 999 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 100, 000 and up to $ 249, 999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 250, 000 and up to $ 499, 999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        Above $500, 000  Not Applicable Not Applicable Not Applicable Not Applicable 0.11500 percent per annum Not Applicable Not Applicable Not Applicable Not Applicable
      • Japanese – JPY
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial 9,999,999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        10,000,000 and up to 19, 999, 999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        20,000,000 and up to 49,999,999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        50,000,000 and up to 79,999,999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        Above 80,000,000  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
      • New Zealand Dollar – NZD
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial $ 49, 999 0.75000 percent per annum 0.80000 percent per annum 0.90000 percent per annum 1.00000 percent per annum 1.05000 percent per annum 1.08000 percent per annum 1.12000 percent per annum 1.15000 percent per annum 1.15000 percent per annum
        $ 50, 000 and up to $ 99, 999 1.15000 percent per annum 1.20000 percent per annum 1.30000 percent per annum 1.40000 percent per annum 1.45000 percent per annum 1.48000 percent per annum 1.52000 percent per annum 1.55000 percent per annum 1.55000 percent per annum
        $ 100, 000 and up to $ 249, 999  1.35000 percent per annum 1.40000 percent per annum 1.50000 percent per annum 1.60000 percent per annum 1.65000 percent per annum 1.68000 percent per annum 1.72000 percent per annum 1.75000 percent per annum 1.75000 percent per annum
        $ 250, 000 and up to $ 499, 999  1.70000 percent per annum 1.75000 percent per annum 1.85000 percent per annum 1.95000 percent per annum 2.00000 percent per annum 2.03000 percent per annum 2.07000 percent per annum 2.10000 percent per annum 2.10000 percent per annum
        Above $500, 000  1.75000 percent per annum 1.80000 percent per annum 1.90000 percent per annum 2.00000 percent per annum 2.05000 percent per annum 2.08000 percent per annum 2.12000 percent per annum 2.15000 percent per annum 2.15000 percent per annum
      • Sterling Pound - GBP
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial $ 49, 999 Not Applicable Not Applicable Not Applicable 0.03000 percent per annum Not Applicable Not Applicable Not Applicable Not Applicable 0.05000 percent per annum
        $ 50, 000 and up to $ 99, 999 Not Applicable Not Applicable 0.04000 percent per annum 0.08000 percent per annum 0.16000 percent per annum 0.14000 percent per annum 0.14000 percent per annum 0.12000 percent per annum 0.13000 percent per annum
        $ 100, 000 and up to $ 249, 999  Not Applicable 0.08000 percent per annum 0.12000 percent per annum 0.16000 percent per annum 0.18000 percent per annum 0.16000 percent per annum 0.16000 percent per annum 0.14000 percent per annum 0.15000 percent per annum
        $ 250, 000 and up to $ 499, 999  Not Applicable 0.13500 percent per annum 0.18000 percent per annum 0.22000 percent per annum 0.25000 percent per annum 0.23000 percent per annum 0.23000 percent per annum 0.21000 percent per annum 0.22000 percent per annum
        Above $500, 000  0.02000 percent per annum 0.14000 percent per annum 0.19000 percent per annum 0.23000 percent per annum 0.27000 percent per annum 0.25000 percent per annum 0.25000 percent per annum 0.23000 percent per annum 0.23000 percent per annum
      • Swiss Franc - CHF
      • Value Date – 14 / 1/ 2016

        Time Deposit Amount   1 - month   2 - months   3 - months   5 - months  6 - months   7 -months   8 -months   9 -months   12 -months 
        Initial $ 49, 999 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 50, 000 and up to $ 99, 999 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 100, 000 and up to $ 249, 999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        $ 250, 000 and up to $ 499, 999  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
        Above $500, 000  Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable

    3. MAYBANK
    4. Maybank or the Malaysian Universal Bank is the largest bank in Malaysia and one of the leading banks in the entire South East Asia. It started its operations in Singapore in the year 1960 and is over 50 years old now. It operates as a QFB or Qualifying Full Bank with presence in 27 different service locations within the island providing a wide spectrum of banking products and financial services.

      Maybank Singapore Dollar Time Deposit

      This fixed deposit offers attractive interest rates and overdraft facilities against your deposit. It offers one of the highest fixed deposit interest rates in Singapore.

      Tenure/ Amount SGD 1,000 and up to 
      SGD 50,000
      SGD 50,001
      and up to
      SGD 99,999
      SGD 100,000
      and up to
      SGD 249,999
      SGD 250,000
      and up to
      SGD 999,999
      1 month* 0.2000 0.2000 0.2000 0.2000
      2 months 0.3000 0.3000 0.3000 0.3000
      3 months 0.3500 0.3500 0.3500 0.3500
      6 months 0.4000 0.4000 0.4500 0.5000
      9 months 0.5500 0.5500 0.6000 0.6000
      12 months 0.7000 0.7000 0.7000 0.7500
      18 months 0.9000 0.9000 0.9000 0.9500
      24 months 1.0000 1.0000 1.0000 1.1000
      36 months 1.2000 1.2000 1.2000 1.2500

      *Note: Minimum deposit amount for 1 month period is SGD 10, 000.

      Maybank iSavy Time Deposit

      Denominated in SGD, this fixed deposit offers one of the highest interest rate structures with flexible tenures.

      • iSavy Time Deposit Interest Rates for any amount between SGD 5000 and up to SGD 24, 999.
      • Tenure Interest Upfront Interest-on-interest paid upon maturity Total Interest
         3 Months  0.2500 percent per annum  80.0000 percent of upfront interest  0.4500 percent per annum
         6 Months  0.2500 percent per annum  120.0000 percent of upfront interest  0.5500 percent per annum
      • iSavy Time Deposit Interest Rates for any amount between SGD 25, 000 and up to SGD 50, 000.
      • Tenure Interest Upfront Interest-on-interest paid upon maturity Total Interest
         3 Months  0.2500 percent per annum  540.0000 percent of upfront interest  1.6000 percent per annum
         6 Months  0.2500 percent per annum  540.0000 percent of upfront interest  1.6000 percent per annum
         12 Months  0.2500 percent per annum  620.0000 percent of upfront interest  1.8000 percent per annum
         24 Months  0.2500 percent per annum  660.0000 percent of upfront interest  1.9000 percent per annum
         36 Months  0.2500 percent per annum  700.0000 percent of upfront interest  2.0000 percent per annum
      • iSavy Time Deposit Interest Rates for any amount between SGD 50, 001 and up to SGD 249, 999.
      • Tenure Interest Upfront Interest-on-interest paid upon maturity Total Interest
         3 Months  0.2500 percent per annum  540.0000 percent of upfront interest  1.6000 percent per annum
         6 Months  0.2500 percent per annum  540.0000 percent of upfront interest  1.6000 percent per annum
         12 Months  0.2500 percent per annum  620.0000 percent of upfront interest  1.8000 percent per annum
         24 Months  0.2500 percent per annum  660.0000 percent of upfront interest  1.9000 percent per annum
         36 Months  0.2500 percent per annum  700.0000 percent of upfront interest  2.0000 percent per annum
      • iSavy Time Deposit Interest Rates for any amount between SGD 250, 000 and up to SGD 1, 000, 000.
      • Tenure Interest Upfront Interest-on-interest paid upon maturity Total Interest
         3 Months  0.2500 percent per annum  540.0000 percent of upfront interest  1.6000 percent per annum
         6 Months  0.2500 percent per annum  540.0000 percent of upfront interest  1.6000 percent per annum
         12 Months  0.2500 percent per annum  620.0000 percent of upfront interest  1.8000 percent per annum
         24 Months  0.2500 percent per annum  660.0000 percent of upfront interest  1.9000 percent per annum
         36 Months  0.2500 percent per annum  700.0000 percent of upfront interest  2.0000 percent per annum

        Note: All the aforementioned interest rates are effective starting from December 24th, 2015.

      Maybank Foreign Currency Time Deposit

      Maybank offers competitive interest and exchange rates as well as overdraft facilities against this fixed deposit. Maybank accepts the following foreign currencies –

      • United States Dollar (USD)
      • Sterling Pound (GBP)
      • Australian Dollar (AUD)
      • New Zealand Dollar (NZD)
      • Canadian Dollar (CAD)
      • Swiss Franc (CHF)
      • Japanese Yen (JPY)
      • Euro (EUR)
      • Foreign Currency Time Deposit for a minimum amount of 10, 000 in the respective currency. For Japanese Yen (JPY), the minimum amount is 2.5 million.
      • Currency/ Tenure 1 Month 2 Months 3 Months 6 Months
        US Dollar (USD) 0.2500 percent per annum 0.3500 percent per annum 0.5500 percent per annum 0.7500 percent per annum
         Sterling Pound (GBP) 0.0000 percent per annum 0.0000 percent per annum 0.2000 percent per annum 0.3500 percent per annum
         Australian Dollar (AUD) 1.7000 percent per annum 1.8000 percent per annum 1.9500 percent per annum 2.1000 percent per annum
         New Zealand Dollar (NZD) 2.1500 percent per annum 2.2500 percent per annum 2.4000 percent per annum 2.5500 percent per annum
         Canadian Dollar (CAD) 0.0000 percent per annum 0.0500 percent per annum 0.2000 percent per annum 0.3000 percent per annum
         Swiss Franc (CHF) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum
         Euro (EUR) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum
         Japanese Yen (JPY) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum
      • Foreign Currency Time Deposit for a minimum amount of 50, 000 in the respective currency. For Japanese Yen (JPY), the minimum amount is 10 million.
      • Currency/ Tenure 1 Month 2 Months 3 Months 6 Months
        US Dollar (USD) 0.2500 percent per annum 0.3500 percent per annum 0.5500 percent per annum 0.7500 percent per annum
         Sterling Pound (GBP) 0.0000 percent per annum 0.1000 percent per annum 0.3000 percent per annum 0.4500 percent per annum
         Australian Dollar (AUD) 1.8000 percent per annum 1.9000 percent per annum 2.0500 percent per annum 2.2000 percent per annum
         New Zealand Dollar (NZD) 2.2500 percent per annum 2.3500 percent per annum 2.5000 percent per annum 2.6500 percent per annum
         Canadian Dollar (CAD) 0.0500 percent per annum 0.1500 percent per annum 0.3000 percent per annum 0.4000 percent per annum
         Swiss Franc (CHF) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum
         Euro (EUR) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum
         Japanese Yen (JPY) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum
      • Foreign Currency Time Deposit for a minimum amount of 100, 000 in the respective currency. For Japanese Yen (JPY), the minimum amount is 25 million.
      • Currency/ Tenure 1 Month 2 Months 3 Months 6 Months
        US Dollar (USD) 0.3000 percent per annum 0.4000 percent per annum 0.6000 percent per annum 0.8000 percent per annum
         Sterling Pound (GBP) 0.1000 percent per annum 0.2000 percent per annum 0.4000 percent per annum 0.5500 percent per annum
         Australian Dollar (AUD) 1.9000 percent per annum 2.0000 percent per annum 2.1500 percent per annum 2.3000 percent per annum
         New Zealand Dollar (NZD) 2.3500 percent per annum 2.4500 percent per annum 2.6000 percent per annum 2.7500 percent per annum
         Canadian Dollar (CAD) 0.1500 percent per annum 0.2500 percent per annum 0.4000 percent per annum 0.5000 percent per annum
         Swiss Franc (CHF) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum
         Euro (EUR) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum
         Japanese Yen (JPY) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum

      Maybank iSavy Foreign Currency Time Deposit

      This fixed deposit offers preferential interest rates from 5 of the major currencies in the world that include –

      • United States Dollar (USD)
      • Sterling Pound (GBP)
      • Australian Dollar (AUD)
      • New Zealand Dollar (NZD)
      • Euro (EUR)
      • iSavy Foreign Currency Time Deposit for a minimum amount of 10, 000 in the respective currency
      • Currency/ Tenure 1 Month 2 Months 3 Months 6 Months
        Australian Dollar (AUD) 1.9000 percent per annum 2.0000 percent per annum 2.1500 percent per annum 2.3000 percent per annum
         Euro (EUR) 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum
         Sterling Pound (GBP) 0.1000 percent per annum 0.2000 percent per annum 0.4000 percent per annum 0.5500 percent per annum
        New Zealand Dollar (NZD) 2.3500 percent per annum 2.4500 percent per annum 2.6000 percent per annum 2.7500 percent per annum
        US Dollar (USD) 0.3000 percent per annum 0.4000 percent per annum 0.6000 percent per annum 0.8000 percent per annum

        Note: All the aforementioned rates are effective as of January 12, 2016.

    Fixed Deposits from Top Banks
    Foreign Currency Fixed Deposits from Top Banks
    Currency Specific Fixed Deposit
    US Dollar Foreign Currency Fixed Deposit by Bank
    Australian Dollar Foreign Currency Fixed Deposit by Bank
    GBP Foreign Currency Fixed Deposit by Bank
    NZD Foreign Currency Fixed Deposit by Bank
    Euro Foreign Currency Fixed Deposit by Bank
    Canadian Dollar Foreign Currency Fixed Deposit by Bank
    Fixed Deposit Promotion by Banks
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