Maybank Fixed Deposit Promotion

Maybank offers promotional rates for their various Fixed Deposit (FD) schemes.

Maybank SGD Time Deposit Promotion

Promotional Offer

Enjoy a promotional interest rate of 2.05% on your SGD Time Deposit by placing fresh funds of at least S$20,000.

FD Promo Highlights

You must also place new funds in your Maybank savings or current accounts.

For every S$1,000 you deposit in your savings or current accounts, you can place S$10,000 in your FD. To enjoy the promotional rate, you must place a minimum of S$2,000 in your savings or current account and at least S$20,000 in your FD.

Once the amount is deposited in your FD, you will receive the entire interest amount in your savings or current account the next business day.

FD Tenure

The deposits must not be withdrawn from both the accounts for 12 months.

FD Validity

The promotion will end at the bank’s discretion.

Terms and Conditions

  • The eligible savings or current accounts for individuals are Privilege Plus Savings, PremierOne, SaveUp, and Passbook Savings accounts.
  • The eligible accounts for non-individuals are FlexiBiz, Current, and PremierBiz accounts.
  • The deposits must be made at a Maybank branch in Singapore.
  • The amounts must not be transferred from an existing Maybank account.
  • If you withdraw from the deposit amount during the 12-month tenure period, the FD under this particular promotion will be terminated.
  • In the case of a withdrawal within the first 3 months of the FD, the entire interest paid will be taken back.
  • In the case of a withdrawal after the first 3 months, you will receive an interest amount that is computed on the prevailing lowest tier rate for savings accounts.
  • If you want to use this FD as collateral for any other facility, the interest that has been paid will be subtracted from the deposit to compute the actual amount that can be pledged.

Maybank iSAVvy Time Deposit Promotion

Promotional Offer

Earn high interest at a promotional rate of 2% p.a. when you place an amount between S$50,001 and S$1 million for 24 months in Maybank iSAVvy Time Deposit.

FD Promo Highlights

You will have to make the deposit online from an existing Maybank savings or current account. This promotional offer is available only for individuals.

You will receive interest amount at 0.25% p.a. the next business day. The remainder will be credited to you upon maturity.

FD Tenure

If you withdraw from the deposit amount during the 24-month tenure period, the FD under this promotion will be terminated.

FD Validity

The promotion will end at the bank’s discretion.

Terms and Conditions

  • In the case of premature withdrawal, the interest rate that you have received will be deducted from the principal amount of the FD.
  • If you want to use this FD as collateral for any other facility, the interest that has been paid will be subtracted from the deposit to compute the actual amount that can be pledged.
  • When the tenure ends, the FD will be renewed for the same tenure with the prevailing board rates.

Grow your savings by choosing a Maybank FD to earn high interest amounts on the very next working day. Use your savings as collateral for other banking facilities as well.

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