• 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 a popular choice. 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. You will also be able to monitor your Time Deposit conveniently using Phone Banking (Dial – Link).

    You can constantly monitor your foreign currency fixed deposits using the Phone Banking (Dial-Link) option. 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.

    Find below the different Foreign Currency Deposits offered by Maybank –

    • Rate of Interest for Maybank US Dollar Foreign Currency Time Deposit
    • Rate of Interest for Maybank US Dollar iSAVvy Foreign Currency Time Deposit

    Rate of Interest for Maybank US Dollar Foreign Currency Time Deposit

    • You can now diversify your portfolio using the Foreign Currency Time Deposit offered by Maybank with flexible placement periods and attractive interest rate packages.
    • For United States Dollar (USD), the minimum placement amount is 10, 000 units.
    • You can choose from the following placement periods – 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 0.95% p.a. to 1.30% p.a.
    • For tier 3, the interest rate ranges from 1% p.a. to 1.35% p.a.

    Rate of Interest for Maybank US Dollar iSAVvy Foreign Currency Time Deposit

    • You will enjoy preferential rates and foreign exchange rates.
    • You can choose from the following 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.
    • No fees will be charged for opening an online account + account maintenance.
    • The interest rate ranges from 1% p.a. to 1.35% p.a.
    • Interest rates can change without any prior notice and are completely at the bank’s discretion.
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