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| Starts | 14 Oct 2024 (Mon) | Ends | 15 Nov 2024 (Fri) |
|---|---|---|---|
| Location | Maybank |
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Maybank Saver Series 2024 I-Structured Deposit (Tranche 1)
From now till 15 November 2024, invest a minimum of S$30,000 in Maybank Saver Series 2024 I-Structured Deposit (Tranche 1) to earn a maximum potential profit and bonus of up to 17.60% on the SGD tranche over 6 years.
Note: There is an element of extra risks compared to a normal fixed deposit. Please note that structured deposits are NOT insured deposits for the purposes of the Deposit Insurance and Policy Owners’ Protection Schemes Act 2011.
- 6-year callable I-Structured Deposit
- 100% principal guaranteed at deferred payment date
- Profit payment every year
| Tenure | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Maximum Potential Profit and Bonus |
|---|---|---|---|---|---|---|---|
| Profit Rate | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 17.60%1,2 |
| Bonus | + 2.00% [2] |
2.60% p.a. profit is payable only if this Islamic structured deposit (“the I-Structured Deposit” or “this product”) is held to the deferred payment date (also known as the “maturity date”) or (if applicable) the optional early payment date. Maximum potential total profit of 17.60% is payable if there is no early payment of the I-Structured Deposit by the Bank.
[2] The Bank may, at its sole discretion, pay an additional bonus amount of 2.00% at the end of Year 1 if USD/SGD spot exchange rate is within the range of 1.2800 to 1.3000 (both inclusive) on 24 November 2025, 2pm Singapore time.
Maybank Singapore Limited (“the Bank”) reserves the right (but not the obligation) to make an early payment on this product on the optional early payment date by giving at least 5 business days’ notice (which may be given orally, including by telephone or through any electronic communication) to the Customer. If the I-Structured Deposit is, at the option of the Bank, early paid; (a) the deferred payment date shall be deemed to occur on the optional early payment date and the Bank shall pay the purchase amount (also known as the “principal amount”) and any unpaid accrued profit to the Customer in accordance with the Bank’s terms and conditions governing I-Structured Deposits and (b) no further profit shall be payable by the Bank to the Customer after such optional early payment date.
For more info and full T&Cs, click here.
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