Maybank Singapore SGD Time Deposit Up to 1.45% p.a. from 10 Jul 2026

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Maybank Singapore has refreshed its SGD Time Deposit promotional rates

Maybank Singapore’s Standalone Singapore Dollar Time Deposit and Term Deposit-i promotion offers selected tenors at up to 1.45% p.a.. Placements are available at branches and online, subject to eligibility requirements and final rate confirmation at the point of placement. 🏦

The main change applies to the 12-month tenor, which has risen from 1.40% p.a. in the earlier 17 June 2026 promotion to 1.45% p.a.. This is an increase of 0.05 percentage point 💹. The 6-month and 9-month promotional rates remain at 1.30% p.a..

This ongoing standalone offer is available to Individual and Non-Individual customers seeking a Singapore Dollar deposit across six, nine or 12 months. The minimum promotional placement is S$20,000, or another amount stipulated by Maybank from time to time.

Maybank standalone SGD Time Deposit rates

The promotional rates effective from 10 July 2026 are shown below:

Promotion period: From 10 July 2026 until further notice or an end date determined by Maybank.
Minimum placement: S$20,000, or another amount stipulated by Maybank from time to time.
Eligibility: Individual and Non-Individual accounts.
Placement channels: Maybank branches and eligible online banking channels.

Key points before placing funds

• Highest promotional rate: The 12-month option currently offers the strongest featured rate at 1.45% p.a. 💹.
• Shorter lock-in choices: The 6-month and 9-month tenors offer 1.30% p.a., which may be more suitable where access to funds is preferred sooner.
• Account and funding requirements: Confirm the latest funding, account and promotional eligibility rules before placement, especially when using Maybank2u Online or Mobile Banking.
• Rate confirmation: Check the displayed promotional rate immediately before confirming, as bank deposit promotions may be revised or withdrawn.
• Liquidity: Keep sufficient emergency funds outside the deposit because early withdrawal may reduce or remove interest or profit.
• Maturity instructions: Without instructions given before maturity, the Time Deposit will be renewed for the same tenor at Maybank’s prevailing board rate and prevailing features, terms and conditions at the time of renewal.
• Deposit insurance: Singapore Dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation for up to S$100,000 in aggregate per depositor per Scheme member by law.

Interest and profit payment details

Payment treatment differs between the conventional Time Deposit and Term Deposit-i:

• Singapore Dollar Time Deposit: Interest is computed daily at the contracted rate and paid only upon maturity.
• Singapore Dollar Term Deposit-i: Profit is computed daily and paid upfront into the relevant Maybank Current or Savings Account on the next business day after successful placement, or after cheque clearance, whichever is later.

For budgeting purposes, treat promotional returns as locked-in earnings that remain subject to the bank’s day-count method, placement date, maturity date and applicable terms.

Premature withdrawal rules

• Time Deposit withdrawn within three months: No interest is paid. No interest is also payable where Maybank determines that the customer has breached the promotion terms.
• Time Deposit withdrawn after three months: Interest for the actual number of days placed is calculated using the lower of the contracted rate or the lowest-tier savings account rate prevailing at the time of withdrawal.
• Term Deposit-i withdrawn within three months: No profit is paid, and any upfront profit already credited is offset against the principal withdrawn. The same no-profit treatment applies where Maybank determines that the customer has breached the promotion terms.
• Term Deposit-i withdrawn after three months: A total of 50% of the originally agreed profit is prorated according to the actual number of days placed. The remaining profit amount is offset against the principal.
• Partial withdrawal: Any partial or premature withdrawal is treated as early termination of the Time Deposit.

These withdrawal conditions can materially affect returns, so the tenor should match the expected period during which the funds can remain untouched.

How to place the Maybank deposit

1. Open the Maybank Time Deposit Promotion Page and confirm that the standalone rate table is still available.
2. Before completing an online placement, ensure that an eligible Maybank Savings or Current Account and Maybank2u Online/Mobile Banking access are available.
3. For the web application route, eligible Singaporeans and Permanent Residents can select “Apply Online Now”, retrieve Myinfo with Singpass, verify the displayed particulars and choose the required Time Deposit.
4. Existing Maybank customers using the Maybank2u SG app can log in and select Apply > Time Deposits.
5. New customers using the app can select Apply > Time Deposits and apply through Singpass where eligible.
6. Where the online routes do not apply, check the Maybank Singapore branch locator before visiting a branch.
7. Select the preferred tenor and verify the promotional rate displayed before confirmation.
8. Place at least S$20,000 in the chosen promotional Time Deposit, unless Maybank displays a different minimum at the point of placement.
9. Check the maturity date, renewal instructions and premature-withdrawal consequences before confirming the placement. ✅

How to compare this offer

Compare more than the headline rate before committing funds. Important factors include the minimum placement, tenor length, online placement convenience, premature withdrawal treatment, maturity instructions and whether the deposit fits near-term cash-flow needs.

For a wider market comparison, refer to the best fixed and time deposit rates in Singapore. Promotional rates can change, so review the latest displayed terms before every placement.

Official details and terms

Read the official Maybank promotion page together with the Singapore Dollar Time Deposit Promotion terms (PDF). The promotion terms prevail where Maybank marketing materials contain an inconsistency.

Maybank’s refreshed standalone promotion offers a straightforward range of SGD deposit tenors, led by the 1.45% p.a. 12-month rate. Before locking in funds, confirm the live rate, account eligibility, withdrawal consequences and maturity instructions, then compare the overall return and flexibility with other deposit offers. 💰

Information is accurate at publication on 10 July 2026. Terms and conditions apply.

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