Maybank Singapore fixed deposit rates for Singapore iSAVvy Time Deposits, offered to regular individuals are lying between 0.15% p.a. to 3.55% p.a. The Maybank Fixed Deposit Rates for senior citizens under its Privilege Plus Time Deposit Scheme is offered at up to 3.90% p.a. Let us learn about these FD plans in detail in this article.
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Maybank Singapore offers 5 types of Fixed Deposit (FD) products, which are
Maybank iSAVvy Time Deposit Scheme
Singapore Dollar Time/Fixed Deposit Scheme
Maybank Privilege Plus Time Deposit Scheme
Maybank Foreign Currency Time Deposit Scheme
Maybank iSAVvy Foreign Currency Time Deposit Scheme.
Types of Maybank Time/ Fixed Deposit Schemes
(Rates Effective as of 04 April 2023))
FD Plans
Minimum Deposit Limit
Maximum Deposit Limit
Tenure (in months)
Rate of Interest (in % p.a.)
iSAVvy Time Deposit Promotion
SGD 5,000 (3 to 6 months)
SGD 20,000 (12 to 36 months)
SGD 1 million
1 to 36 months
0.15% p.a. to 3.55% p.a.
Singapore Dollar Time Deposit
SGD 1,000 (2 months to 36 months)
SGD 10,000 (1 month)
SGD 9,99,999
1 to 36 months
0.1% p.a. to 2.85% p.a.
Maybank Privilege Plus Time Deposit
SGD 50,000 (6, 9, 18, 24 & 36 months)
SGD 20,000 (12 months)
SGD 1 million
6 to 36 months
3.50% p.a. To up to 3.90% p.a.
Foreign Currency Time Deposit (Tier 1)
10 thousand units (Other foreign currencies)
2.5 million units(Japanese Yen)
No limits
1 to 6 months
Up to 4.40% p.a.
Foreign Currency Time Deposit (Tier 2)
50 thousand units (Other foreign currencies)
10 million units (Japanese Yen)
No limits
1 to 6 months
Up to 4.45% p.a.
Foreign Currency Time Deposit (Tier 3)
100 thousand units (Other foreign currencies)
25 million units (Japanese Yen)
No limits
1 to 6 months
Up to 4.60% p.a.
iSAVvy Foreign Currency Time Deposit
10 thousand units (Foreign currencies)
No limits
1 to 6 months
Up to 4.60% p.a.
(SGD: Singaporean Dollar)
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.
Maybank Fixed Deposit Rates- iSAVvy Time Deposit
TENURE (months)
SGD 5,000 to SGD 19,999(Rates in % p.a.)
SGD 20,000 to SGD 50,000(Rates in % p.a.)
SGD 50,001 to SGD 2,49,999(Rates in % p.a.)
SGD 2,50,000 to SGD 1 million(Rates in % p.a.)
1 month
0.15
0.15
0.15
0.15
2 months
0.15
0.15
0.15
0.15
3 months
0.25
3.00
3.00
3.0
6 months
0.30
3.00
3.00
3.00
9 months
0.40
3.10
3.10
3.10
1 year
–
3.55
3.55
3.55
15 months
–
3.40
3.40
3.40
1.5 years
–
3.25
3.25
3.25
2 years
–
3.00
3.00
3.00
3 years
–
2.85
2.85
2.85
SGD: Singaporean Dollar
Rates are effective as of 4 April 2023.
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.
Maybank Fixed Deposit Rates- Singapore Dollar Time Deposit Scheme
Tenure(in Months)
SGD 1000toSGD 50000(Rates in % p.a.)
SGD 50001toSGD 99999(Rates in % p.a.)
SGD 100000toSGD 249999(Rates in % p.a.)
SGD 250000toSGD 999999 (rates in % p.a.)
1* month
0.10 %
0.10 %
0.10 %
0.10 %
2 months
0.10 %
0.10 %
0.10 %
0.10 %
3 months
0.20 %
0.20 %
0.20 %
0.20 %
6 months
0.25 %
0.25 %
0.25 %
0.25 %
9 months
0.35 %
0.35 %
0.35 %
0.35 %
1 year
0.35%
0.35 %
0.35%
0.35%
18 months
0.40%
0.40%
0.40%
0.40%
2 years
0.50%
0.50%
0.50%
0.50%
3 years
2.85%
2.85%
2.85%
2.85%
* For a 1-month tenure period, the minimum deposit is SGD 10000.
Rates are effective as of 04 April 2023.
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.
Maybank Fixed Deposit Rates- Foreign Currency Time Deposit Scheme (Tier-1)
Foreign Currency
MinimumDeposit Limit(in respective currency)
Rates for 1 month(% p.a.)
Rates for 2 months (In % p.a.)
Rates for 3 months(In % p.a.)
Rates for 6 months (% p.a.)
US $
10 thousand
4.00%
4.25%
4.40%
4.40%
Sterling Pound (£)
10 thousand
3.30%
3.55%
3.75%
3.95%
Australian $
10 thousand
2.40%
2.60
2.75%
2.80%
New Zealand $
10 thousand
3.60%
3.90%
4.15%
4.35%
Canadian$
10 thousand
3.45%
3.65%
3.80%
3.90%
Swiss Franc (₣)
10 thousand
0.50%
0.30%
0.45%
0.70%
Euro (€)
10 thousand
1.85%
2.05%
2.25%
2.45%
Japanese Yen (¥)
2.5 million
0.00%
0.00%
0.00%
0.00%
Rates are effective as of 04 April 2023.
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.
Maybank Fixed Deposit Rates- Foreign Currency Time Deposit Scheme (Tier-2)
Foreign Currency
Minimum Deposit Limit (in respective currency)
1 month (rates in % p.a.)
2 months (rates in % p.a.)
3 months (rates in % p.a.)
6 months (rates in % p.a.)
US $
50 thousand
4.05%
4.30%
4.45%
4.45%
Sterling Pound (£)
50 thousand
3.40%
3.65%
3.85%
4.05%
Australian $
50 thousand
2.50%
2.70%
2.85%
2.90%
New Zealand $
50 thousand
3.70%
4.00%
4.25%
4.45%
Canadian $
50 thousand
3.55%
3.75%
3.90%
4.00%
Swiss Franc (₣)
50 thousand
0.15%
0.40%
0.55%
0.80%
Euro (€)
50 thousand
1.90%
2.10%
2.30%
2.50%
Japanese Yen (¥)
10 million
0.00%
0.00%
0.00%
0.00%
Rates are effective as of 04 April 2023.
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.
Maybank Fixed Deposit Rates- Foreign Currency Time Deposit Scheme (Tier-3)
Foreign Currency
Minimum Deposit Limit (in respective currency)
1 month (rate in % p.a.)
2 months (rate in % p.a.)
3 months (rate in % p.a.)
6 months (rate in % p.a.)
US $
100 thousand
4.20%
4.45%
4.60%
4.60%
Sterling Pound (£)
100K
3.50%
3.75%
3.95%
4.15%
Australian $
100 thousand
2.60%
2.80%
2.95%
3.00%
New Zealand $
100 thousand
3.80%
4.10%
4.35%
4.55%
Canadian $
100 thousand
3.65%
3.85%
4.00%
.10%
Swiss Franc (₣)
100 thousand
0.25%
0.50%
0.65%
0.90%
Euro (€)
100 thousand
2.05%
2.25%
2.45%
2.65%
Japanese Yen (¥)
25 million
0.00%
0.00%
0.00%
0.00%
Rates are effective as of 04 April 2023.
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.
Maybank Fixed Deposit Rates- iSAVvy Foreign Currency Time Deposit Scheme
Foreign Currency
Minimum Deposit Limit (in respective currency)
1 month (rate in % p.a.)
2 months (rate in % p.a.)
3 months (rate in % p.a.)
6 months (rate in % p.a.)
Australian $
10 thousand
2.60%
2.80%
2.95%
3.00%
Euro (€)
10 thousand
2.05%
2.25%
2.45%
2.65%
Sterling Pound (£)
10 thousand
3.50%
3.75%
3.95%
4.15%
New Zealand $
10 thousand
3.80%
4.10%
4.35%
4.55%
US $
10 thousand
4.20%
4.45%
4.60%
4.60%
Rates are effective as of 04 April 2023.
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.
Features of Maybank Singapore Privilege Plus FD Account
Maybank Fixed Deposit rates for senior citizens have the following features:
Minimum Eligible age: 55 years old
Minimum Deposits: SGD 50 thousand (6 months and more)
SGD 25 thousand (12 months and more)
Tenure: 6 months to 36 months
Online banking: YES
Round-the-clock Service: AVAILABLE
Monthly interests credited: YES
Upon maturity: Lump sum interest payment
Features of Maybank Fixed Deposit Rates- Singapore iSAVvy Time Deposit
Min. Deposit: SGD 5,000 (3 to 6 months)
Maximum Tenure: 36 months
Auto-renewal: YES
Daily Interest: NO
Early Withdrawal: YES
Accessibility to the overdraft facility
Offers auto-renewal of FD account
Type: Conventional
Eligibility Criteria
To access the Maybank Online Banking services, a customer must maintain a Maybank Savings or Current account.
Minimum Age: 16 years old
Minimum Deposit for iSAVvy Account: SGD 5,000 (3 to 6 months tenure)
Eligible Citizenship:
Singaporeans
Foreigners
Permanent residents
Fees & Charges on Deposit: No fees applicable
Fees for Withdrawal by:
Cash: SGD15
Transfer to Own Maybank Account: FREE
Transfer to Third Party Maybank Account: SGD 10
Cashier Issues Order to Account Holder: SGD 10
For Balance Enquiry: SGD 5/receipt
For Request for Statement of Account: SGD 30/account
For Change of Maturity Instruction: SGD 5/receipt
Premature Withdrawals
If withdrawal before 3 months tenure: No Interest is paid.
If withdrawal after minimum 3 months tenure: The interest is prorated depending on how many days the fixed deposit is held. It is calculated using either the contracted rate or the lowest tier of the current Savings Account rate at the moment of withdrawal, whichever is lower.
Documents Required
For Singapore Citizens or Permanent Residents:
NRIC
For Foreigners:
Passport
Employment Pass
Proof of Mailing Address (Utility/ Telecom bills/ Bank statements of other banks in Singapore with the same name as in the Passport and Employment Pass)
How to Subscribe to Maybank FD Scheme
To place an FD online, one needs a Maybank Savings Account or a Maybank Current Account with Online Banking Access.
To make a deposit into an iSAVvy Time Deposit, sign in to Maybank2u Online Banking:
Step 1: Choose the Account Type > Click on "Time Deposit"> Press "Singapore Dollar Time Deposit"> Click on "iSAVvy Time Deposit."
Step 2: To place this order, choose the Debit Funds Account.
Step 3: To accept the iSAVvy FD placement, click "Agree."
FAQ's
Which bank offers the highest FD rate in Singapore?
CIMB and HL Bank, with the best interest rates of 4.20% and 4.1% for 12 months tenure and a minimum deposit of SGD100000, is the best FD rate offered to individuals.
What is Maybank Flexi Fixed Deposit?
The eFD of certificates Fixed Deposit is a receipt/certificate less FD that can be bought and withdrawn from Maybank2u.com anytime online. One also enjoys the benefit to earn fixed rates of FD as well.
Which is the best FD for senior citizens in 2025?
In India, the top public sector banks that offer the highest FD interest rates for senior citizens are:
Union Bank of India: Maximum slab of 7.80% p.a.
PNB: Maximum slab of 7.75% p.a.
Canara Bank: Maximum slab of 7.50% p.a.
The top private sector banks also offer attractive FD interest rates to senior citizens, like
DCB Bank: Maximum slab of 8.35% p.a.
RBL Bank: Maximum slab of 8.05% p.a.
Bandhan Bank: Maximum slab of 8% p.a.
Will interest rates go up in 2025 Singapore?
Singapore, a nation with high GDP, always has high inflation rates (7.5% in September 2022) and high-interest rates of an average of 3.89%. According to financial experts, with the soaring market trends, interest rates will likely go up in 2025.
Which bank's FD rate is high in 2025 in Malaysia?
In Malaysia, the Simpanan Nasional Bank offered the highest interest rates of 3.25% for 12 months of FD.
What is better than FD in Malaysia?
Cash Management Funds (CMF) or money market funds are a better choice than Fixed Deposits in Malaysia. The CMFs invest in high-quality investments with an average return of 3% p.a. and mature fast with low-risk involvement.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in *Past 10 Year annualised returns as on 01-02-2025 *All savings plans are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 2 Cr. is for a 30 year old healthy individual investing Rs 18,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: 1,06,79,507 @ CAGR 4%; 2,12,15,817 @ CAGR 8%. All plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. **Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
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