Maybank Singapore is having their SGD Time Deposit Promotion. Enjoy up to 1.55% p.a. on 24-month SGD Time Deposit and many more.
Enjoy attractive interest rate on your Singapore Dollar Time Deposit when you deposit fresh funds into your Maybank Current or Savings accounts.
Rates are subject to change without notification.
How it works:
- Every S$1,000 deposited into Maybank Current or Savings accounts
- You can deposit S$10,000 into Maybank Singapore Dollar Time Deposit accounts (minimum S$50,000)
- Receive up to
1.55% p.a. on your Maybank Singapore Dollar Time Deposit
Lunar New Year 2018 Special
Receive Hong Bao cash rewards on top of the above promotional rates when you place the following deposit amounts into the Singapore Dollar Time Deposit.
|Deposit Amount (S$)|
Placed in 12 or 24 months SGD Time Deposit
|Minimum of S$100,000||S$68 Hong Bao|
|Minimum of S$150,000||S$108 Hong Bao|
Terms and Conditions
- Promotional rates and Lunar New Year 2018 Special are available from 31 January 2018 and shall end on a date to be determined by Maybank in its absolute discretion.
- Individual and selected non-individual customers will enjoy Promotional Rates on 12-month or 24-month Singapore Dollar Time Deposit when they make a deposit into selected Maybank Current or Savings Accounts (“CASA Account”). The applicable CASA Accounts for this Promotion are Passbook Savings, Privilege Plus Savings, SaveUp or PremierOne Accounts for individuals and Current, FlexiBiz or PremierBiz Accounts for non-individuals.
- For every S$1,000 deposited into the CASA Account, S$10,000 can be placed into the Singapore Dollar Time Deposit, subject to a minimum of S$50,000 in Time Deposit and the corresponding minimum deposit of S$5,000 in the CASA Account.
- In addition to the Promotional Rates, individual customers (excluding selected non-individual customers) who place a minimum deposit into Singapore Dollar Time Deposit will be entitled to a gift (“Gift”), based on the deposit amount as outlined in the table illustrated under Lunar New Year 2018 Special above, while stocks last. The Gift will be credited into Customer’s CASA Account within 3 business days from the date the Singapore Dollar Time Deposit is placed.
- The funds deposited into the Time Deposit and CASA Account must be made at any Maybank Branch in Singapore, using fresh funds and excluding transfers from existing Maybank accounts (if any).
- Funds deposited into the CASA Account will be held by the bank for the same period as the Singapore Dollar Time Deposit from the date of deposit is made and will not be available for withdrawal during this period of time. For the avoidance of doubt, any withdrawal of the Deposit Amount during the Holding Period shall result in the corresponding termination of the Time Deposit under this Promotion.
- The full upfront interest amount from the Singapore Dollar Time Deposit will be credited into customer’s Maybank CASA Account opened and/or maintained with Maybank, on the next business day following the successful placement of the Time Deposit.
- Additional Terms and Conditions governing this Promotion apply together with the Terms and Conditions Governing Singapore Dollar Time Deposit. Additional Rules and Regulations governing Current and Savings for individuals and non-individuals shall also apply.
Date: 1st February 2018 onward
Available at: Maybank Singapore