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Maybank Singapore is raising its standalone SGD Time Deposit and Term Deposit-i promotional rates from 23 Oct 2026, offering up to 2.10% p.a. for both six- and 12-month placements.
The revised rates cover six-, nine- and 12-month tenors for individual customers, with a minimum placement of S$20,000.
Placements are available through Maybank branches and online. Online placements require a Maybank Savings or Current Account and Maybank2u Online/Mobile Banking access. Unlike the bank’s separate Deposits Bundle Promotion, the standalone offer does not require an additional 10% fund-earmarking arrangement.
Maybank standalone SGD Time Deposit rates from 23 Oct 2026
Both the six-month and 12-month tenors now offer the highest standalone promotional rate of 2.10% p.a., while the nine-month option has increased to 1.90% p.a..
Compared with the previous Maybank promotion from 13 Oct 2026, the six-month tenor records the largest improvement of 0.15 percentage point. The nine- and 12-month tenors have each gained 0.10 percentage point.
| Tenor | 13 Oct 2026 (% p.a.) | From 23 Oct 2026 (% p.a.) | Change |
|---|---|---|---|
| 6 months | 1.95% | 2.10% | +0.15 pp |
| 9 months | 1.80% | 1.90% | +0.10 pp |
| 12 months | 2.00% | 2.10% | +0.10 pp |
The revised rates make the six-month option particularly noteworthy, as it now offers the same annualised promotional rate as the 12-month placement while requiring a shorter commitment. However, the total interest earned will differ according to the actual placement period and applicable interest calculation. The nine-month tenor offers an intermediate duration, although its advertised rate is lower at 1.90% p.a.
Important eligibility requirements and deposit conditions
Before committing funds, several conditions are worth reviewing to ensure the selected deposit arrangement matches the intended savings horizon.
- Placement requirement: A minimum of S$20,000 is required, subject to any revised minimum stipulated by Maybank. The promotional rates are for individual accounts only.
- Online access: A Maybank Savings or Current Account and Maybank2u Online/Mobile Banking access are required for online placements. Branch placements are also available.
- Fresh funds: The standalone promotional terms do not expressly require fresh funds. Confirm the accepted funding source before placement.
- Combining promotions: The offer cannot be combined with other Maybank promotions unless otherwise specified.
- Savings account balance: Maybank indicates that a minimum of S$10 should be maintained in the relevant savings account.
- Automatic renewal: Unless maturity instructions are provided, the deposit will renew for the same tenor at the prevailing board rate and terms, rather than automatically retaining the original promotional rate.
Further information on the available deposit products can be found on the official Maybank Time Deposit promotion page. For customers preferring face-to-face banking services, the Maybank Singapore branch locator provides branch information.
How does Maybank compare with other SGD fixed deposits?
Maybank’s revised six-month rate of 2.10% p.a. compares favourably with several recent Singapore fixed deposit promotions. Its 12-month rate also matches the standard Personal Banking offers from CIMB and RHB.
| Bank / Customer Tier | 6 Months (% p.a.) | 12 Months (% p.a.) | Minimum Placement |
|---|---|---|---|
| Maybank Standalone | 2.10% | 2.10% | S$20,000 |
| RHB Personal Banking (from 9 Oct) | 2.00% | 2.10% | S$20,000 |
| HL Bank Online (from 14 Oct) | 2.05% | 2.05% | S$10,000 |
| CIMB Personal Banking Online (from 17 Oct) | 1.75% | 2.10% | S$10,000 |
HL Bank requires S$100,000 for branch placements, although its online minimum is S$10,000. RHB also accepts branch placements. Higher rates for selected Premier/Preferred Banking customers are not included. Promotional rates and conditions may change.
Maybank therefore offers a particularly competitive six-month option for placements from S$20,000, while CIMB and HL Bank may suit depositors with smaller amounts. For more alternatives, see the Singapore fixed deposit rate comparison.
In summary, Maybank’s standalone SGD Time Deposit promotion offers 2.10% p.a. for six- and 12-month placements, and 1.90% p.a. for nine months from 23 Oct 2026. All three tenors offer higher rates than the previous 13 October promotion, with placements starting from S$20,000. The six-month option is particularly attractive for depositors seeking the same annualised rate as the 12-month tenor without committing funds for an entire year. 💰
For the latest promotional rates, eligibility conditions and official updates, refer to the official Maybank Singapore Time Deposit promotion page and the Singapore Dollar Time Deposit Promotion terms (PDF).
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