• Maybank US Dollar Foreign Currency Fixed Deposit

    Maybank offers a choice of two deposit accounts for their foreign currency fixed deposits denominated in major currencies of which the United States Dollar (USD) is. The bank also offers promotional interest rates for the USD Foreign Currency Time Deposit for various tenures. You will have easy access to avail overdraft facilities on your Foreign Currency Time Deposit.

    The two different Foreign Currency Deposits offered by Maybank are:

    • Maybank US Dollar Foreign Currency Time Deposit
    • Maybank US Dollar iSAVvy Foreign Currency Time Deposit

    Maybank US Dollar Foreign Currency Time Deposit

    • For a Maybank US dollar foreign currency fixed deposit your interest rates will depend on the tier group you belong to:
      • For tier 1, the minimum initial deposit for a Maybank US dollar foreign currency fixed deposit is S$10,000 equivalent.
      • For tier 2, the minimum initial deposit for a Maybank US dollar foreign currency fixed deposit is S$50,000 equivalent.
      • For tier 3, the minimum initial deposit for a Maybank US dollar foreign currency fixed deposit is S$100,000 equivalent.
    • Tenure ranges from 1 month, 2 months, 3 months, 6 months, and 12 months.
    • Singapore Citizens (SCs), Singapore Permanent Residents (PRs) and Foreigners who are at least 18 years old and above are eligible to apply for this deposit account.
    • For tier 1 and 2, the interest rate ranges from 1.55% p.a. to 2.15% p.a. for a tenure from 1 month to 6 months respectively.
    • For tier 3, the interest rate ranges from 1.6% p.a. to 2.2% p.a. for a tenure from 1 month to 6 months respectively.

    Maybank US Dollar iSAVvy Foreign Currency Time Deposit

    • You will enjoy preferential rates and foreign exchange rates.
    • You can choose from the placement periods for USD Currency – 1 month, 2 months, 3 months, 6 months, and 12 months.
    • The minimum placement amount for United States Dollar (USD) is 10, 000 units.
    • The interest rate ranges from 1.6% p.a. to 2.2% p.a. for a tenure from 1 month to 6 months respectively.
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