 We are now on Telegram. Click to join |
Maybank Singapore Revises iSAVvy Time Deposit Rates from 24 Oct 2025
Update 10 Nov: Maybank Singapore iSAVvy Time Deposit Earn Up to 1.3% p.a. From 10 Nov 2025
Maybank Singapore has revised its iSAVvy Time Deposit promotional rates. From 24 Oct 2025, the maximum interest rate will increase to 1.25% p.a.. This follows the earlier revision on 23 Sep 2025, where the ceiling was cut to 1.2% p.a.
At-a-glance highlights
- Top rate: Up to 1.25% p.a. on the 6-month tenor.
- Effective date: 24 Oct 2025.
- Minimum placement: S$20,000 for individuals.
- Eligibility: 6 & 9 months for individuals; 12 months open to individuals & non-individuals.
- How to apply: Place online for branchless convenience
iSAVvy Time Deposit Promotional Rates (effective 24 Oct 2025)
Here are the new promotional rates available from 24 Oct 2025:
| Customer Type | Tenor | Promotional Rate (% p.a.) |
|---|---|---|
| Individual customers only | 6 months | 1.25% |
| 9 months | 1.10% | |
| Individual & Non-Individual customers | 12 months | 1.15% |
Minimum placement: S$20,000 for individuals. For non-individual customers, only the 12-month tenor is available at 1.15% p.a..
How to place an iSAVvy Time Deposit
- Go to the official promo page and apply online: Maybank iSAVvy promotion page.
- Choose the tenor and confirm the promotional rate
- Prepare the minimum S$20,000 (individuals) and set maturity instructions
For a broader market view, see the best deposit rates in Singapore.
Worked examples (at S$20,000 minimum)
- 6 months at 1.25% p.a. → Interest = S$20,000 × 1.25% × (6/12) = S$125
- 9 months at 1.10% p.a. → Interest = S$20,000 × 1.10% × (9/12) = S$165.
- 12 months at 1.15% p.a. → Interest = S$20,000 × 1.15% × (12/12) = S$230.
With the top rate moving to 1.25% p.a. from 24 Oct 2025, Maybank’s iSAVvy Time Deposit becomes a tidy option for savers seeking certainty over short to medium tenors. Individuals can choose across 6, 9 and 12 months, while businesses and other non-individuals have access to the 12-month tenor at 1.15% p.a.. Those comparing offers should weigh tenor needs, early-break penalties and maturity instructions before placing funds.
Leave a Reply