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Maybank Singapore Revises iSAVvy Time Deposit Rates from 24 Oct 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.
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