Maybank Fixed Deposit
Updated: 1 Jan 2026
Maybank
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.
Maybank Fixed Deposit
Quick facts
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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.
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Flexible tenures from 1 month to 36 months, depending on the deposit scheme (SGD Time Deposit, iSAVvy Time Deposit, etc.)
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Minimum deposit requirements:
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S$1,000 for most tenures (2 to 24 months)
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S$10,000 for 1-month tenure
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Renewal / auto-rollover: For example, the 15-month Time Deposit / Term Deposit-i / iSAVvy is renewed into the same tenure at board rate.
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Early withdrawal / premature termination:
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If withdrawal occurs before 3 months, no interest is paid.
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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.
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Interest payment: Full interest is paid at maturity (interest is not paid periodically) for SGD Time Deposits.
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Compound vs simple interest: Interest structure is simple interest with a lump sum paid at maturity, no compounding during the tenure.
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Deposit insurance: SGD deposits by individuals are insured up to S$100,000 by the Singapore Deposit Insurance Corporation (SDIC).
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Eligibility / age: Minimum age to place a Time Deposit with Maybank Singapore is 16 years old.
Eligibility
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
Fixed deposit rates
|
Tenure |
Promotional Rates (% p.a.) |
|
|
For Individual customers only |
6 month |
1.20% |
|
9 month |
1.10% |
|
|
For Individual and Non-Individual customers |
12 month |
1.10% |
How to apply for Maybank’s fixed deposit account
Online
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Start the application by choosing “Apply Now” on the above.
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Use the Singpass option to autofill personal details, ensure Singpass credentials are available.
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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)
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Download the Maybank2u SG app and log in with online banking details.
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Tap ‘Apply’, then choose ‘Time Deposits’ to begin.
Maybank2u SG app (New customers)
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After installing the app, tap on ‘Apply’, then select ‘Time Deposits’.
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For Singaporeans and PRs, use the Singpass feature to proceed.
Calculating your returns with S$10,000 in Maybank fixed deposit
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.
|
Principal |
Interest Rate (p.a.) |
Tenure |
Interest Earned |
Maturity Amount |
|
S$20,000 |
1.20% |
6 months |
S$120 |
S$20,120 |
|
S$20,000 |
1.10% |
9 months |
S$165 |
S$20,165 |
|
S$20,000 |
1.10% |
12 months |
S$220 |
S$20,220 |
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.
Frequently asked questions about Maybank’s fixed deposits
As of October 2025, Maybank’s promotional rates for SGD fixed deposits are 1.20% p.a. for 6 months, and 1.10% p.a. for 9 or 12 months, with a minimum S$20,000 deposit required.
Yes, customers can open and manage several Maybank fixed deposits simultaneously.
Apply online via the Maybank website or app, or visit a branch to complete the process.