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Maybank Singapore refreshes Time Deposit promotional rates
Maybank Singapore has updated its Standalone Singapore Dollar Time Deposit and Term Deposit-i promotional rates, with selected tenors offering up to 1.40% p.a. from 17 Jun 2026. 💹 The latest change is focused on the 12-month tenor, which is up by 0.10 percentage point compared with the earlier round on 20 Jan 2026.
This may suit savers looking for a straightforward Singapore Dollar fixed deposit option over 6, 9 or 12 months. The standalone promotion is available at branches and online, subject to Maybank’s eligibility requirements and final confirmation at the point of placement. 🏦
The latest table is a small improvement mainly for the 12-month tenor. Against the 20 Jan 2026 round, the 6-month and 9-month rates are unchanged, while the 12-month rate is higher by 0.10 percentage point.
Maybank Standalone Time Deposit promotional rates from 17 Jun 2026
The updated standalone Singapore Dollar Time Deposit and Term Deposit-i promotional rates are as follows:
| Tenor | Promotional Rates (% p.a.) |
|---|---|
| 6 months | 1.30% |
| 9 months | 1.30% |
| 12 months | 1.40% 💹 |
Promotion period: From 17 Jun 2026 until a date to be determined by Maybank.
Minimum placement: S$20,000, or such amount stipulated by Maybank from time to time.
Customer eligibility: Available to Individual and Non-Individual accounts.
What to note before placing funds
- Highest featured rate: The 12-month tenor has the highest rate in the refreshed standalone table at 1.40% p.a. 💹
- Shorter options: The 6-month and 9-month tenors remain at 1.30% p.a., giving shorter lock-in choices for savers who do not want a full-year placement.
- Placement amount: The promotional placement starts from S$20,000, or such amount stipulated by Maybank from time to time.
- Where to place: The standalone Time Deposit and Term Deposit-i promotion is available at branches and online. Online placement generally requires a Maybank Savings or Current Account with Maybank2u Online/Mobile Banking access.
- Interest payment: Singapore Dollar Time Deposit interest is computed daily and payable only on maturity at the contracted interest rate.
- Term Deposit-i profit: Singapore Dollar Term Deposit-i profit is computed daily and paid upfront into the relevant Maybank Current or Savings Account on the next business day after successful placement, or after cheque clearance, whichever is later.
- Premature withdrawal: For Singapore Dollar Time Deposit, no interest is paid for premature withdrawals made within 3 months. After 3 months, interest is calculated using the lower of the lowest-tier prevailing savings account rate or the contracted rate.
- Term Deposit-i premature withdrawal: For Singapore Dollar Term Deposit-i, no profit is paid for premature withdrawals made within 3 months, and upfront profit already paid will be offset from the withdrawn principal. After 3 months, 50% of the originally agreed profit is prorated based on the actual number of days placed.
- Deposit insurance: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation for up to S$100,000 in aggregate per depositor per Scheme member by law.
How to place a Maybank Time Deposit
- Visit the official Maybank Singapore promotion page here: Maybank Time Deposit Promotion Page.
- For online placement, ensure there is a Maybank Savings or Current Account with Maybank2u Online/Mobile Banking access.
- Singaporeans and Permanent Residents may apply online using Singpass/Myinfo, or via the Maybank2u SG app where applicable.
- Select the preferred tenor and review the promotional rate shown before confirmation.
- Ensure the funding account has at least S$20,000 available for the selected promotional placement.
- Review maturity instructions carefully. If no prior maturity instruction is given, the Time Deposit shall be renewed for the same tenor at Maybank’s prevailing board rates and prevailing features, terms and conditions at the time of renewal.
- Confirm the placement only after checking the rate, tenor, placement amount, renewal instruction and relevant terms. ✅
Compare before committing
Fixed deposit and time deposit promotions can change as banks adjust their rates. Before committing funds, it may be useful to compare this Maybank offer with other Singapore deposit promotions, including minimum placement amounts, tenor choices, online placement convenience and maturity instructions.
For a broader view of available offers, refer to the best fixed and time deposit rates here.
For full details, check the official Maybank promotion page and the Singapore Dollar Time Deposit Promotion terms (PDF). The promotion terms state that they prevail if there is any inconsistency with Maybank marketing collaterals, so the T&Cs should be reviewed before placing funds.
In summary, this refreshed Maybank Singapore standalone Time Deposit promotion gives savers another way to lock in Singapore Dollar funds at a known promotional rate, with the 12-month tenor offering the top listed standalone rate of 1.40% p.a.. 🌟
Information is accurate at publication. Terms and conditions apply.
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