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Maybank Singapore Reduces iSAVvy Time Deposit Promotional Rates from 9 Sep 2025
Maybank Singapore has announced another revision to its iSAVvy Time Deposit promotional rates. Effective 9 Sep 2025, the highest rate available will be reduced to 1.25% p.a.. This follows closely after the previous adjustment on 1 Sep 2025, where the ceiling was lowered to 1.35% p.a.
Updated iSAVvy Time Deposit Promotional Rates (from 9 Sep 2025)
From 9 Sep 2025, the revised promotional rates for iSAVvy Time Deposit are:
| Tenor | Promotional Rates (% p.a.) | |
|---|---|---|
| For Individual customers only | 6 month | 1.25% |
| 9 month | 1.15% | |
| For Individual and Non-Individual customers | 12 month | 1.15% |
These rates apply only to Individual Banking customers with a minimum placement of S$20,000. Non-individual customers may only participate in the 12-month option at 1.15% p.a.
Steps to Place an iSAVvy Time Deposit
Depositors can easily take advantage of the promotion online through the Maybank iSAVvy promotion page. Online placement offers convenience, faster processing, and the ability to lock in promotional rates immediately without visiting a branch.
Compare Deposit Rates
With rates continuing to fluctuate, savers should compare across banks before committing. While Maybank’s iSAVvy Time Deposit remains competitive, other banks may offer better rates, perks, or flexible tenors. To help depositors make smarter financial decisions, an updated reference guide to the best deposit rates in Singapore is available.
Conclusion
The downward revision of Maybank’s iSAVvy Time Deposit rates underscores the importance of regularly monitoring bank offers. From 9 Sep 2025, customers will need to weigh whether the reduced rates remain attractive compared to alternatives. For individuals with a longer-term savings horizon, diversifying placements across multiple banks or deposit products could be a prudent approach.
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