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Maybank Singapore Introduces Revised Time Deposit Rates
In a fresh move to bolster savings options, Maybank Singapore has unveiled new promotional rates for its iSAVvy Time Deposit product. These rates, effective from 28 April 2025, offer up to 2.05% p.a. – a slight pullback from the more generous rates earlier this year.
During the January 2025 promotion, the rates climbed as high as 2.45% p.a., reflecting the tightening of promotional offers amidst changing market conditions.
iSAVvy Time Deposit Rates from 28 April 2025
| Tenure | Rates (% p.a.) |
|---|---|
| 6 months | 2.05% |
| 9 months | 1.90% |
| 12 months | 1.85% |
These revised rates are available exclusively to Individual Banking customers and require a minimum deposit of S$20,000. Interested parties are encouraged to act swiftly to take advantage of these offers before further adjustments occur.
Steps to Apply
Potential customers can find out more or initiate their deposit by visiting the official Maybank promotion page. Look beyond the “Deposit Bundle Promotion (Placement in Branch)” to access specific information about the iSAVvy Time Deposit.
Further Details
Those keen to explore other savings options can review the best deposit rates in Singapore for comparison. Full promotional terms and conditions can also be accessed in this Terms and Conditions for Time Deposits Promotion (PDF).
Despite the modest dip in offered rates, Maybank continues to strengthen its reputation in Singapore’s banking sector, catering to individuals seeking solid and competitive deposit options.
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