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Maybank Singapore Adjusts iSAVvy Time Deposit Rates Effective 22 Aug 2025
Update 1 Sep: Maybank iSAVvy Time Deposit Rates Revised to Max 1.35% p.a. from 1 Sep 2025
Maybank Singapore has revised its iSAVvy Time Deposit promotional rates, with the new maximum interest rate set at 1.45% p.a. from 22 Aug 2025. This change follows closely after the earlier adjustment on 5 Aug 2025, when rates were capped at 1.5% p.a.
This latest reduction mirrors a wider trend across Singapore’s banking industry, where financial institutions are recalibrating deposit rates in response to global monetary tightening and ongoing economic uncertainties.
iSAVvy Time Deposit Promotional Rates (from 22 Aug 2025)
From 22 Aug 2025, Maybank’s iSAVvy Time Deposit rates are as follows:
| Tenor | Promotional Rates (% p.a.) |
|---|---|
| 6-month | 1.45% |
| 9-month | 1.40% |
| 12-month | 1.35% |
These preferential rates are available only to Individual Banking customers with a minimum placement of S$20,000. The adjustment reflects Maybank’s strategy to balance competitive offerings with prudent risk management and liquidity needs.
How to Place an iSAVvy Time Deposit
Interested customers can begin their application via the official Maybank iSAVvy promotion page. Online placement ensures convenience and allows customers to lock in the revised promotional rates instantly.
Comparing Deposit Rates Across Banks
For readers seeking the best returns, it may be worthwhile to compare Maybank’s offering with other banks. A detailed overview of current time deposit rates in Singapore is available, helping depositors evaluate tenor options, promotional perks, and relative yield advantages.
With Maybank lowering its iSAVvy Time Deposit rates once again, savers in Singapore should closely monitor such movements and explore alternative deposit products to optimise returns. While the rates remain competitive, staying updated on changes ensures that customers can make well-informed financial decisions.
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