Maybank S’pore SGD Time Deposit now offers up to 1.85% p.a. promo rates from 24 Sep 2026

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Maybank Singapore has refreshed its standalone Singapore Dollar Time Deposit and Term Deposit-i promotional rates from 24 Sep 2026, with 1.85% p.a. available for both the 6- and 12-month tenors and 1.80% p.a. for 9 months.

With a minimum placement of S$20,000, the standalone promotion covers three fixed tenors and is available to both Individual and Non-Individual customers. Placements are available at Maybank branches and online, subject to the applicable placement process and rate shown at the point of placement. 🏦

Maybank SGD Time Deposit promotion at a glance

• Promotion period: From 24 Sep 2026
• Highest standalone promotional rate: 1.85% p.a.
• Available tenors: 6, 9 and 12 months
• Minimum placement: S$20,000, or another amount stipulated by Maybank from time to time
• Eligible customers: Individual and Non-Individual customers for all three standalone tenors
• Placement channels: Maybank branches and online
• Online placement requirement: A Maybank Savings or Current Account and Maybank2u Online/Mobile Banking access are required
• Fresh-funds condition: The published standalone promotion section and its promotion terms do not state a fresh-funds requirement; check the available funding method when making the placement

Standalone promotional rates from 24 Sep 2026

Compare the refreshed Singapore Dollar Time Deposit and Term Deposit-i rates below. The 6- and 12-month tenors share the top promotional rate of 1.85% p.a., while the 9-month tenor offers 1.80% p.a.

Compared with the 17 Sep 2026 standalone rates, the 6-month rate has risen by 0.10 percentage point, while the 9- and 12-month rates are each 0.15 percentage point higher. 📈

How interest and profit are paid

For the Singapore Dollar Time Deposit, interest is computed daily on a 365-day year, or 366 days in a leap year, and is paid on maturity at the contracted rate.

For Singapore Dollar Term Deposit-i, profit is computed on the same daily basis and is paid upfront into the relevant Maybank Current or Savings Account on the next business day after successful placement or cheque clearance, whichever is later.

How to place a Maybank Time Deposit

1. Open the Maybank Time Deposit promotion page and check the latest rate, tenor and customer type before placement.
2. For Singaporeans and Permanent Residents using Maybank’s published web application flow, select Retrieve Myinfo with Singpass, verify the personal details and choose the required Time Deposit.
3. Existing Maybank2u SG app customers can log in and select Apply > Time Deposits.
4. New app customers can select Apply > Time Deposits; Maybank’s published instructions say Singaporeans and Permanent Residents may proceed via Singpass.
5. For Non-Individual placements, confirm the applicable placement process directly with Maybank, as the public step-by-step online instructions are written for Singaporeans and Permanent Residents.
6. For branch assistance, check the official Maybank Singapore branch locator before visiting.
7. Place at least S$20,000, unless Maybank stipulates another minimum amount.
8. If a Maybank savings account is used, note that Maybank’s promotion page says to maintain at least S$10 in the savings account at all times.
9. Review maturity instructions carefully. Without instructions before maturity, the deposit will be renewed for the same tenor at the prevailing board rate and prevailing features, terms and conditions at that time.
10. Check the final rate, tenor, customer type, placement amount and maturity instructions immediately before confirmation. ✅

Recent Singapore deposit comparisons

The following recent updates provide extra context as at 24 Sep 2026. Headline rates are not directly comparable because minimum placements, customer segments, funding requirements and tenors differ.

Promotional deposit rates can change as banks revise funding offers. Compare the annual rate, minimum placement, lock-in period, placement channel and maturity instructions before committing funds.

With this update, Maybank’s 6- and 12-month standalone tenors share the highest listed rate at 1.85% p.a., while the 9-month option pays 1.80% p.a. Compare the intended maturity date and placement channel, then confirm the displayed rate and terms before completing the deposit. 💰

• For a wider overview, compare the best fixed and time deposit rates here. A higher headline rate may not always suit the intended cash-flow plan when it requires a longer lock-in or a larger placement.
• Read the official Maybank promotion page together with the Singapore Dollar Time Deposit Promotion terms (PDF) before placing funds. Maybank’s promotion terms prevail if there is any inconsistency with its marketing materials.

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