Maybank is one of the banks with a strong presence in Singapore. It offers fixed deposit accounts to customers in various major international currencies like the Great Britain Pounds (GBP).
Also, it offers interest rates in three tiers. These tiers are created based on the amount invested and the duration. It offers durations of 1 month up to 36 months.
This time deposit account is useful for customers who want to stow away their money for a long time without misusing it. Though there are no charges for maintenance of the account, there are service charges for balance enquiry and transfer of money among others.
Maybank is one of the top banks in Southeast Asia and the bank has a very strong presence in Singapore. It offers all kinds of banking products such as home loans, personal line of credit, credit cards, fixed deposit etc. The bank has designed its fixed deposit schemes in such a manner that they offer the maximum returns possible to the customers. If you opt for a fixed deposit account offered by Maybank, you can make deposits not only in Singapore Dollars but also in various other foreign currencies such as US Dollars, Great Britain Pounds etc. You will enjoy a variety of beneficial features and will not have any problem in withdrawing the amount once the account matures at the end of the term. Great Britain Pound (GBP) fixed deposit offered by Maybank can help you to earn higher returns.
Tier 1 - Find the Foreign Currency Time Deposit for the acceptable currencies for a minimum amount of GBP 10, 000
Tier 2 - Find the Foreign Currency Time Deposit for the acceptable currencies for a minimum amount of GBP 50, 000
Tier 3 - Find the Foreign Currency Time Deposit for the acceptable currencies for a minimum amount of GBP 1,00, 000
Maybank GBP Foreign Currency Fixed Deposit Interest Rates
Unfortunately, for Great British Pounds (GBP), the only rate of interest available is in tier 3, which calls for an investment of minimum GBP100,000 for a period of 6 months. This will gain an interest of 0.05% p.a. The rest of the tiers offer no (zero) interest rate for GBP.
Interest rates provided by banks are subject to change from time to time. Hence, it is vital to go through the latest interest rates on fixed deposit accounts.
iSaVvy Foreign Currency Time Deposit
Find the Foreign Currency Time Deposit for the acceptable currencies for a minimum amount of GBP 10, 000
Note: The aforementioned rates are effective as of January 20, 2016
Please note that the bank can change the interest rates at any time, without any prior notice.