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Maybank Singapore Revises iSAVvy Time Deposit Rates from 23 Sep 2025
Maybank Singapore has revised its iSAVvy Time Deposit promotional rates. From 23 Sep 2025, the maximum interest rate will drop to 1.2% p.a.. This follows the earlier revision on 9 Sep 2025, where the ceiling was cut to 1.25% p.a.
Updated iSAVvy Time Deposit Promotional Rates (effective 23 Sep 2025)
Here are the new promotional rates available from 23 Sep 2025:
| Customer Type | Tenor | Promotional Rate (% p.a.) |
|---|---|---|
| Individual customers only | 6 months | 1.2% |
| 9 months | 1.10% | |
| Individual & Non-Individual customers | 12 months | 1.10% |
Minimum placement: S$20,000 for individuals. For non-individual customers, only the 12-month tenor is available at 1.10% p.a..
How to Place an iSAVvy Time Deposit
Depositors can apply conveniently online through the Maybank iSAVvy promotion page. Online placement ensures faster processing, branchless convenience, and instant rate locking ✅.
Tips for Savers
- Compare across banks – Interest rates differ, and some banks may offer better perks or flexible terms.
- Review your financial goals – Shorter tenors give liquidity, while longer ones lock in rates for stability.
- Check for other perks – Some banks bundle time deposits with credit card or savings account promotions.
For an updated list, check out the best deposit rates in Singapore.
Conclusion
Maybank’s revision reflects the current trend of moderating deposit rates in Singapore. While 1.2% p.a. is still decent, diligent savers should explore and compare all available options to ensure they maximise returns 💡.
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