Maybank Fixed Deposit

Maybank Fixed Deposit offers up to 2.05% per annum in Singapore. Enjoy flexible tenures, competitive promotional rates, and secure savings backed by one of Asia’s leading banks. Start growing your money with Maybank today. 

SingSaver Exclusive Offer

Brand-new smartphone (worth S$1,500+)

Terms & Conditions

• SingSaver Exclusive promotion is valid until 2 November 2025.

• Promotion is valid for new Citibank banking customers only.

• Existing applicants of Citi Credit Card or Personal Loan products are still eligible.

• Successfully start a Citigold relationship, make a S$300,000 deposit within 3 months of account opening, and have a valid Investment Risk Profile and Fact Find Report to be eligible for S$500 Cash via PayNow.

• Successfully start a Citigold relationship, make a S$300,000 deposit within 3 months of account opening, have a valid Investment Risk Profile and Fact Find Report, and opt-in to become an Accredited Investor to be eligible for S$1,000 Cash via PayNow or a brand-new smartphone (worth S$1,500+)

• Customer is entitled to one of the above rewards only.

• Terms and Conditions apply.

SingSaver Exclusive Offer

S$1,000 cash via PayNow

Terms & Conditions

• SingSaver Exclusive promotion is valid until 2 November 2025.

• Promotion is valid for new Citibank banking customers only.

• Existing applicants of Citi Credit Card or Personal Loan products are still eligible.

• Successfully start a Citigold relationship, make a S$300,000 deposit within 3 months of account opening, and have a valid Investment Risk Profile and Fact Find Report to be eligible for S$500 Cash via PayNow.

• Successfully start a Citigold relationship, make a S$300,000 deposit within 3 months of account opening, have a valid Investment Risk Profile and Fact Find Report, and opt-in to become an Accredited Investor to be eligible for S$1,000 Cash via PayNow or a brand-new smartphone (worth S$1,500+)

• Customer is entitled to one of the above rewards only.

• Terms and Conditions apply.

SingSaver Exclusive Offer

S$500 cash via PayNow

Terms & Conditions

• SingSaver Exclusive promotion is valid until 2 November 2025.

• Promotion is valid for new Citibank banking customers only.

• Existing applicants of Citi Credit Card or Personal Loan products are still eligible.

• Successfully start a Citigold relationship, make a S$300,000 deposit within 3 months of account opening, and have a valid Investment Risk Profile and Fact Find Report to be eligible for S$500 Cash via PayNow.

• Successfully start a Citigold relationship, make a S$300,000 deposit within 3 months of account opening, have a valid Investment Risk Profile and Fact Find Report, and opt-in to become an Accredited Investor to be eligible for S$1,000 Cash via PayNow or a brand-new smartphone (worth S$1,500+)

• Customer is entitled to one of the above rewards only.

• Terms and Conditions apply.

• Enjoy interest rates up to 1.20% p.a. under the current iSAVvy Time Deposit promotion (6-month, 9-month tiers) for qualifying placements of minimum S$20,000.

• Flexible tenures from 1 month to 36 months, depending on the deposit scheme (SGD Time Deposit, iSAVvy Time Deposit, etc.)

• Minimum deposit requirements:

• S$1,000 for most tenures (2 to 24 months)

• S$10,000 for 1-month tenure

• Renewal / auto-rollover: For example, the 15-month Time Deposit / Term Deposit-i / iSAVvy is renewed into the same tenure at board rate.

• Early withdrawal / premature termination:

• If withdrawal occurs before 3 months, no interest is paid.

• If withdrawal occurs after 3 months but before maturity, interest is pro-rated based on the lower of the contracted rate or prevailing savings-account rate at the time.

• Interest payment: Full interest is paid at maturity (interest is not paid periodically) for SGD Time Deposits.

• Compound vs simple interest: Interest structure is simple interest with a lump sum paid at maturity, no compounding during the tenure.

• Deposit insurance: SGD deposits by individuals are insured up to S$100,000 by the Singapore Deposit Insurance Corporation (SDIC).

• Eligibility / age: Minimum age to place a Time Deposit with Maybank Singapore is 16 years old.

Min. Assets Under Management: N/A (Standard fixed deposits do not require a minimum AUM)

Minimum Age: 16 years old

Alternative Eligibility Criteria: Singaporeans, Permanent Residents, and Foreigners with valid documentation

Online

• Start the application by choosing “Apply Now” on the above.

• Use the Singpass option to autofill personal details, ensure Singpass credentials are available.

• Double-check and complete any missing information, then select the specific Time Deposit product to continue setup by following the prompts.

Maybank2u SG app (Existing customers)

• Download the Maybank2u SG app and log in with online banking details.

• Tap ‘Apply’, then choose ‘Time Deposits’ to begin.

Maybank2u SG app (New customers)

• After installing the app, tap on ‘Apply’, then select ‘Time Deposits’.

• For Singaporeans and PRs, use the Singpass feature to proceed.

Below are examples to show how much interest can be earned over different time periods, assuming a fixed interest rate of 2.50% p.a. This rate is representative and subject to variation depending on the product and term chosen.

The maturity amount is the total sum returned at the end of the fixed deposit period, assuming there is no early withdrawal.

While longer tenures often yield higher interest rates, they also lock your money in for a prolonged period. It is advisable to compare fixed deposit rates among banks and consider promotional offers available to ensure the best returns for your preferred lock-in duration.

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