Maybank fixed deposit rates today

We read Maybank’s fixed deposit page every day at 9:35 am and 3:35 pm, with 16 other banks and finance companies. All banks side by side

On S$50,000 for 12 months: $1,095 at Maybank’s Deposits Bundle (2.19%) and $175 at its board rate (0.35%). Your own amount

This page is about Maybank Singapore. Maybank Malaysia’s rates are on maybank2u.com.my.

Every Maybank fixed deposit rate

Maybank calls its fixed deposits time deposits. For Singapore dollars it has four sets of rates: the Deposits Bundle, which pays more if you also keep some money in a Maybank savings account; a time deposit promotion, at a branch or online; the iSAVvy rates for deposits placed online; and its board rates, which is what a deposit renews at. Here is every rate, as we read or checked it today.

Deposits Bundle

Fresh funds only

Rates on the time deposit: 2.25% for 9 months, 2.40% for 12 months, with S$1,000 of fresh funds put into a Maybank savings or current account for every S$10,000 placed and held there for the same term (terms 2 to 6). Ranked at Maybank’s own effective rates, 2.05% and 2.19%, which count that savings money at 0.05%. Individuals only; at least S$20,000 placed plus S$2,000 in savings.

Time deposit promotion

For Singapore-dollar time deposits, Term Deposit-i and iSAVvy, at a branch or online; individuals only (promotion terms 2 and 3).

iSAVvy online rate board rate

Online

Placed online (iSAVvy). Maybank’s Deposits Bundle and time deposit promotion are listed separately, checked by hand on its promotion page.

Board rate

1 month needs S$10,000.

% a year. Read 6:52 pm, 24 Oct 2026 from Maybank’s page. A dash means no rate for that term and amount.

Maybank’s rates page says its rates “are for your reference only” and asks you to call 1800-MAYBANK (1800-629 2265) for the latest. The two promotions are on a page that refuses automatic readers, so we check them by hand every week and mark them “checked by hand”. The 36-month board rate applies only when an existing 36-month deposit renews, so it is left out.

Deposits Bundle or the plain promotion?

The Deposits Bundle pays 2.25% for 9 months and 2.40% for 12 months, against 1.90% and 2.10% for the plain promotion. The catch is the extra money it needs. Under its terms (checked 24 Oct 2026):

• For every S$10,000 in the time deposit, you put S$1,000 into a Maybank Passbook Savings, MLife Savings, SaveUp or PremierOne account: at least S$20,000 in the deposit and S$2,000 in the account (term 4).
• That S$1,000 must be fresh funds, paid in no more than 30 days before you place the deposit, not moved from another Maybank account (term 4).
• It is held for the whole term. If you take it out, the time deposit loses the promotion (term 6).
• Individuals only (term 2).

So the fair comparison is on all the money you put in. Maybank does that sum itself: on S$100,000 in the deposit plus S$10,000 in a savings account paying 0.05%, the bundle works out to 2.19% for 12 months and 2.05% for 9 months. That is still more than the plain promotion, so we rank the bundle at those effective rates. The tool below shows what each pays on your amount. If your savings account pays more than 0.05%, the bundle comes out a little higher.

How to place a Maybank time deposit

1. Singaporeans and permanent residents can apply online with Myinfo (Singpass), or in the Maybank2u SG app: tap Apply, then Time Deposits.
2. To place online you need a Maybank savings or current account and Maybank2u online or mobile banking. If you don’t have an account, you can apply for one online.
3. At a branch, bring your NRIC; foreigners need a passport, employment pass and proof of mailing address.

From Maybank’s time deposit promotion page and Term Deposit-i page, checked 24 Oct 2026. Maybank also asks you to keep at least S$10 in your savings account.

When your Maybank deposit ends

Maybank says it in writing: unless you give other instructions before the end, a time deposit renews for the same term at the board rate of the day (term 9 of both promotions’ terms). An iSAVvy deposit renews as an ordinary Singapore Dollar Time Deposit, and a 15-month deposit renews for 15 months at the 12-month board rate. For 12 months, the board rate is a small fraction of the promotion.

Your deposit

Amount

S$

For6 months9 months12 months

At the promotion, 2.19%

$1,095

The next 12 months if it renews at the board rate, 0.35%

$175

That is $920 less for the same money and time.

From the promotions’ terms (term 9) and Maybank’s promotion page, checked 24 Oct 2026. Maybank doesn’t say how many days before the end it needs your instructions; the reminder above is set a week before.

If you need the money back early

Maybank’s terms spell this out (term 7 of the bundle’s terms, term 6 of the promotion’s): withdraw within 3 months and you get no interest. After 3 months, you get interest for the days the money was in, at Maybank’s lowest savings account rate at the time or the rate you placed at, whichever is lower. Taking out part of a deposit counts as ending all of it (term 8). For the bundle, taking out the savings money also ends the deposit’s promotion (term 6).

Maybank’s Islamic option: Term Deposit-i

Maybank’s Singapore Dollar Term Deposit-i is a Shariah-compliant term deposit. Its promotion rates are the same as the plain promotion’s: 2.10% for 6 months, 1.90% for 9 months and 2.10% for 12 months, from S$20,000 (terms 2 and 3 of the promotion’s terms). It pays a profit rather than interest, and two things work differently:

• The profit is paid upfront, into your Maybank savings or current account on the next business day after you place it, not at the end (term 5).
• Leaving early costs less after 3 months. Within 3 months, all the upfront profit is taken back from your money. After 3 months, you keep half of the profit for the days it was placed, and the rest is taken back (term 7).

The Term Deposit-i is open from age 16, from S$1,000 for 2 to 24 months (S$10,000 for 1 month), and Maybank names the members of its Shariah Committee on its page (checked 24 Oct 2026).

Where Maybank ranks for your amount

Put in the money you have and the term, and untick what you can’t do. Maybank is marked in the list. For the Deposits Bundle, the amount is all the money you put in, including the part kept in savings.

Your deposit

Amount

S$

For1 month2 months3 months4 months5 months6 months7 months8 months9 months10 months12 months15 months18 months24 months36 months

You can

Bring new money to the bank (“fresh funds”) Place it in the bank’s app or website Open an account with a new bank Use a priority or premier tier you have

Maybank is number 1 of 13 for this.

1. 1

   Maybank Deposits Bundle

   fresh funds · 2.40% on the deposit, S$1,000 kept in savings per S$10,000 · S$22,000+ · checked by hand 24 Oct · board rate 0.35%

   2.19%+$1,095

2. 2

   CIMB Online promotion

   online · S$10,000+ · board rate 0.30%

   2.10%+$1,050

3. 3

   Bank of China Mobile banking promotion

   in the app · S$20,000+

   2.05%+$1,025

4. 4

   HL Bank Promotion (online)

   online · S$10,000+

   2.05%+$1,025

5. 5

   Singapura Finance Vivid Fixed Deposit (app)

   Singapore citizens and PRs · in the app · S$10,000 to S$100,000

   1.98%+$990

6. 6

   GXS Bank Boost Pocket fresh-funds reward

   in the app · fresh funds · until 31 Dec · board rate 1.75%

   1.95%+$975

7. 7

   Hong Leong Finance HLF Digital promotion

   online · S$20,000+

   1.90%+$950

8. 8

   OCBC Promotion (online)

   online · fresh funds · S$20,000+ · board rate 0.10%

   1.85%+$925

Interest on S$50,000 at the end of 12 months, simple interest as banks pay it on fixed deposits; no tax for individuals in Singapore. 5 more banks pay less. Rates change often: confirm on the bank’s page before you place. Not advice.

Maybank against DBS, OCBC and UOB

What each bank pays on S$50,000 of fresh funds placed online, with no banking tier; the board rate is for S$50,000 too. Other amounts can differ a lot: try yours. Every bank and its conditions

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Maybank’s iSAVvy rates over time

Maybank’s 12-month iSAVvy rate, placed online, pays 2.10% today. The highest in the copies we found was 3.90%, on 25 Jan 2023.

From copies of Maybank’s fixed deposit page saved by the Internet Archive, about one a month since Apr 2021; each date links to its copy, so you can check it. Copies that show the same rates are joined into one row. A promotion that started and ended between two copies is not here. Copies before Apr 2021 pay iSAVvy interest in two parts, some upfront and the rest at the end, so they can’t be compared like for like and are left out. Since 24 Oct 2026 we also save a copy whenever a rate changes.

What changed at Maybank

Maybank has not changed a rate since we started reading its page on 24 Oct 2026. Changes show here the day we see them.

What Maybank doesn’t say

Maybank says more than most banks: its terms give the renewal rate and the early withdrawal rules in full. We read its rates page, its promotion page, both promotions’ terms and its Term Deposit-i page. These things are not in any of them:

• When the promotions end. Both started on 23 Oct 2026 and end “on a date to be determined by Maybank” (term 1). A rate you have placed stays fixed for its term (term 5 of the bundle’s terms, term 4 of the promotion’s).
• How many days before the end it needs your instructions if you don’t want the deposit to renew.
• Whether the extra 0.10% for customers aged 55 and over applies on top of a promotion. The Term Deposit-i page offers 55 and over 0.10% above its profit rates, but the promotions’ terms say they can’t be combined with other promotions unless stated (term 10).
• Its CPF time deposit rate. See the question on CPF below.

Checked 24 Oct 2026. If Maybank publishes any of these, we will add it here and say so under changes to this page.

Is my money safe at Maybank?

Insured up to S$100,000

Maybank is a member of the Deposit Insurance Scheme (as Maybank Singapore). If it failed, the Singapore Deposit Insurance Corporation would pay back up to S$100,000 of your Singapore-dollar deposits with it, fixed deposits and savings added together.

From SDIC’s list of members, checked 24 Oct 2026. Foreign-currency deposits are not insured. More on deposit insurance

Questions people ask

How we get these numbers

Twice a day, at 9:35 am and 3:35 pm, a script on our own server opens each bank’s and finance company’s fixed deposit page, the same page you would see, and reads every rate, term, amount band and condition on it. 15 of 17 pages read cleanly on the last run.

A read is held instead of published if anything looks off: the page’s layout changed, a rate moved more than 0.5 points at once, a deal vanished, or the page did not load. The last good rates then stay up, marked “being checked”, until we have looked at the bank’s page ourselves. A bank still held after 14 days moves to “check by hand”.

RHB and Sing Investments & Finance block automatic reads, so we link to their pages instead of guessing.

Maybank’s promotion page also refuses automatic reads, so its Deposits Bundle and time deposit promotion are checked by hand every week and marked “checked by hand”; they stop showing after 14 days without a check. Its iSAVvy and board rates are read automatically.

We rank by the rate the bank publishes (or its own stated effective rate, where a bonus is paid at the end or part of the money must sit in a savings account), and show the conditions next to every rate. No bank pays to be listed, and the order is never changed by hand.

• Maybank’s iSAVvy and board rates come from its rates page, read twice a day with the other banks on our fixed deposit rates page.
• The Deposits Bundle and the time deposit promotion are on Maybank’s promotion page, which refuses automatic readers. We check them by hand every week (see our update schedule). They stop showing if they go 14 days without a check, and are held at once if the iSAVvy rates on the readable page change.
• Past rates come from copies of Maybank’s rates page saved by the Internet Archive, each linked in the table above; whenever a rate changes, we ask the Internet Archive to save a fresh copy.
• This page shows numbers, not advice on where to put your money. See our disclaimer, how we get our numbers and corrections.

Disclosure: the editor, Jeremiah Say, has no fixed deposits. Numbers.sg is not paid by any bank or finance company, and there are no affiliate links on this page.

Rates are the bank’s own published figures, read from the page linked above. Numbers.sg is independent and is not endorsed by any bank.

Changes to this page

1. 24 Oct 2026

   Maybank fixed deposit rates: every Maybank Singapore rate, the Deposits Bundle worked out on all the money it needs, Maybank’s written rules on renewal and early withdrawal with a calendar reminder, the Islamic Term Deposit-i (profit paid upfront), CPF and age-55 options, and Maybank’s iSAVvy rates since 2021 from Internet Archive copies. See Maybank’s rates