for 12-month tenures with an initial deposit of just $500 in fresh funds, while DBS offers 0.6% p.a. Due to the competitive market of banking products, banks often provide promotional interest rates or bundles, such as higher interest rates on your FD if you commit to an investment or insurance product as well. The next best alternative to DBS is usually a Maybank fixed deposit. for 8-month or shorter tenures for new placements of $1,000 and above. Unfortunately you have to leave it in for 36 months (3 whole years!) Time Deposits. Malaysia; Indonesia; Singapore; Philippines; Cambodia; Deposits and Fixed Deposits. Current Account-i; Foreign Currency Current Account-i; ... Maybank Singapore Limited (UEN: 201804195C). Fixed deposit promotions in Singapore as of January 2021. Singapore Dollar Term Deposit-i is based on the Shariah principle of Murabaha, involving sale of commodities at marked-up price between Maybank and you.Profits are determined upfront and will be paid one calendar day after cash placement or cheque clearance. Here are the fixed deposit rates of Maybank Singapore details: Maybank Fixed Deposit Rates for sums S$250,000 to S$1,000,000: Maybank offers two promotions: you can either make deposits through iSavvy (online) or a current savings account. ICBC offers 0.6% p.a. For January, you can earn 1% p.a. The 1 year interest rate for November 2020 Singapore Savings Bonds has fallen as low as 0.23%, thus any of the fixed deposits promotion below will beat the Singapore Savings Bonds. Singapore Dollar Term Deposit-iProtect and grow your asset. The Alternatives – Short Term Endowments. Select Country. Singapore Dollar Time Deposit; Foreign Currency Time Deposit; Islamic Deposits. CODES (5 days ago) Before we proceed, note that Maybank Singapore fixed deposit and the rates may change at any time without notice. Beware of phishing emails / calls / SMS targeting Maybank customers. above one of the highest prevailing board rates in Singapore Minimum deposit of S$50,000 for at least 6 months, or S$25,000 for at least 12 months Discover APPLY NOW with Maybank’s Singapore Dollar Time Deposit. No interest-on-interest will be paid. to earn that measly 1% p.a. Login to Maybank Online Banking to place a deposit into iSAVvy Time Deposit: Step 1: Select Account >Time Deposit > Singapore Dollar Time Deposit > iSAVvy Time Deposit Step 2: Select the account to debit funds for this placement Step 3: Agree to confirm the placement Login to Online Banking. I have shared many other financial instruments that is similar to what fixed deposits can offer. You must have a Maybank Savings or Current Account and Online Banking Access to make the placement online. Phishing Alert . Deposits and Fixed Deposits ... Protection; Financing; COMPARE 3 OUT OF 3 Deposits & Fixed Deposits. Both offer different yet some of the best fixed deposit rates in Singapore, so make sure to take your time in comparing the options. Singapore Fixed Deposit Rates: Maybank Singapore Fixed Deposit. Minimum initial deposit of S$500 (Singaporeans/PR)/ S$1,000(Foreigners) S$2 (Singaporeans/PR)/ S$5 (Foreigners) monthly fee if average balance is below S$1,000 Discover Apply Now Such premature withdrawal can only be made at any of our Maybank branch in Singapore. MAYBANK PRIVILEGE; MAYBANK PREMIER; MAYBANK PRIVATE; MAYBANK ISLAMIC; Malaysia. 0.10% p.a. With the iSAVvy, you can earn 1.40% p.a with at least S$25,000 in 1 year. Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. 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