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Maybank Singapore Revises Time Deposit Rates Downwards, Effective 5 August 2025
Update 21 Aug: Maybank Revises iSAVvy Time Deposit Rates to 1.45% p.a. from 22 Aug 2025
Maybank Singapore has implemented another downward adjustment to its iSAVvy Time Deposit promotional interest rates, with a new maximum of 1.5% p.a. starting from 5 August 2025. This move comes less than a month after the previous revision on 11 July 2025, when rates were lowered to a peak of 1.6% p.a.
The current reduction continues a broader trend in the banking sector, as financial institutions respond to ongoing monetary policy shifts and global economic uncertainty.
Updated iSAVvy Time Deposit Promotional Rates
With effect from 5 August 2025, the revised interest rates under Maybank’s iSAVvy Time Deposit promotion are structured as follows:
(Updated 12 Aug – 9 Mth rate increased from 1.45 to 1.50)
| Tenor | Promotional Rates (% p.a.) |
|---|---|
| 6-month | 1.50% |
| 9-month | 1.50% |
| 12-month | 1.45% |
These promotional rates are exclusive to Individual Banking customers who place a minimum of S$20,000. The downward trend reflects Maybank’s strategic pivot in light of macroeconomic tightening and its efforts to remain competitive while maintaining liquidity and risk discipline.
How to Apply for the iSAVvy Time Deposit
Prospective applicants can initiate their placement through the official Maybank iSAVvy promotion page. Upon visiting, users are advised to scroll past the section marked “Deposit Bundle Promotion (Placement in Branch)” to locate the details specific to the online-exclusive iSAVvy campaign. Update 12 Aug: Deposit Bundle Promotion no longer shown on the page
For a comprehensive comparison of current fixed deposit offerings across other financial institutions in Singapore, readers can refer to this curated guide on Singapore’s best time deposit rates. This comparison tool offers a broad view of available tenors, promotional conditions, and rate competitiveness, making it a valuable resource for yield-conscious investors.
Conclusion
Maybank’s latest rate cut reflects the shifting sands of the global financial landscape, with interest-bearing instruments increasingly yielding to broader economic pressures. While the new cap of 1.5% p.a. may be less attractive than earlier offerings, the iSAVvy Time Deposit still presents a stable savings option for conservative investors. Those seeking optimal returns should monitor the market closely and consider revisiting deposit terms regularly as banks recalibrate in response to macroeconomic developments.
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