• Maybank Fixed Deposit promotions

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    Maybank is a key banking group in the Southeast Asian region, with several branches and service centers in Singapore. It offers both conventional and Islamic banking solutions to its customers in Singapore. Maybank has products and services in the following banking segments: deposits, credit cards, loans, investment and insurance.

    Fixed deposit has the double advantage of investment that offers principal protection along with attracting some interest on the amount. Maybank offers its customers myriad options of starting a fixed deposit account. Here are the details of some of the types of fixed deposit account that it offers:

    Maybank Updated Time Deposit Promotions in Singapore

    Maybank SGD Time Deposit Promotions

    • What the promotion is about:
    • Earn up to 1.65% p.a. when you open an SGD time deposit for 12 months.

    • Highlights:
    • You will enjoy this promotional rate only when you make a deposit into certain Maybank savings/current accounts. For every S$1,000 deposited into current/savings account, you can place S$10,000 in SGD time deposit account.

      The minimum placement into your SGD Time Deposit required to be eligible for this promotional rate is S$50,000. This also means that you must deposit at least S$5,000 in savings/current account.

    • Terms:
    • Funds must be deposited at a Maybank branch. Also, you must use fresh funds and not transfer the money from an existing Maybank account.

    • Important dates:
    • The promotion period starts from 27 March 2018 and will end at the bank’s discretion.

    • Charges:
    • Regular charges are applicable.

    Get in touch with latest updates on Maybank SGD Time Deposit Account

    Maybank iSAVvy Time Deposit Promotions

    • What the promotion is about:
    • Placing an iSAVvy term deposit for a tenure of 12 months will earn you up to 1.40% p.a.

    • Highlights:
    • An interest of 1.40% p.a. will be gained, if you place an amount of up to S$1 million.

      An immediate interest of 0.25% p.a. will be credited to your current or savings account the next day when you transfer the amount online.

    • Terms:
    • Funds must be placed from your existing Maybank current or savings account through online banking.

    • Important dates:
    • The promotion began on 11 May 2018 and will continue till the bank decides to discontinue it.

    • Charges:
    • Regular banking charges are applicable.

    Maybank offers various fixed deposit promotions from time to time for their customers, and you could choose any according to your need.

    Why choose Maybank fixed deposits?

    Here are some reasons why you should go for time deposits with Maybank in Singapore:

    • Higher interest rates
    • Flexible tenures
    • Six different types of FD accounts to choose from
    • Secured overdraft facility against the FD account
    • Option to open time deposit in a foreign currency
    • Link to savings or current account and online banking
    • Option to automatically renew the deposit at maturity

    Maybank time deposit products are also protected by Deposit Insurance Scheme, which ensures that up to S$50,000 of your term deposits are insured against loss.

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