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Maybank Singapore Adjusts Time Deposit Promotions Downward from Mid-2025
Update 16 Jun: Maybank Lowers Time Deposit Rates, Capping at 1.75% p.a. from 16 Jun
Maybank Singapore has made a downward revision of its promotional rates for the iSAVvy Time Deposit, effective from 2 June 2025. The updated rates – now capped at 1.85% p.a. – represent a marginal decline compared to the promotional rates extended in early 2025.
These newly published figures come on the heels of a more attractive offer launched in April 2025, where rates reached as high as 2.05% p.a. The change reflects a cautious recalibration by the bank, possibly in response to broader market interest rate trends and liquidity strategies.
iSAVvy Time Deposit Rates (From 2 June 2025)
| Tenure | Promotional Rates (% p.a.) |
|---|---|
| 6-month | 1.80% |
| 9-month | 1.85% |
| 12-month | 1.80% |
These rates are exclusively available to Individual Banking customers with a minimum placement amount of S$20,000. The iSAVvy Time Deposit continues to be a go-to fixed deposit option for individuals seeking predictable returns on medium-term savings, albeit at slightly lower rates than seen in recent months.
How to Apply
Customers interested in securing these revised promotional rates may do so via the official Maybank promotion page. Scroll past the “Deposit Bundle Promotion (Placement in Branch)” section to find the iSAVvy Time Deposit offer.
Alternative Savings Opportunities
For customers considering other options, the broader landscape of savings instruments can be explored through this regularly updated guide on the best deposit rates in Singapore. Comparisons between institutions may help savers optimise their returns depending on tenure, risk tolerance, and liquidity needs.
Terms and Conditions
All applicants are strongly encouraged to review the full terms and conditions outlined in the Terms and Conditions for Time Deposits Promotion (PDF) before proceeding with their placement. These documents provide comprehensive details regarding eligibility, renewal policies, early withdrawal penalties, and other critical conditions governing the promotion.
Maybank Singapore continues to refine its deposit offerings in a dynamic financial climate, striving to balance competitive yields with sustainable portfolio management. This latest revision signals a cautious yet consistent effort to remain relevant and accessible to a wide range of savers across the island.
Given recent fluctuations in global interest rate expectations and inflation metrics, savers are reminded to reassess their personal financial goals regularly and consult with banking advisors where necessary.
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