Maybank Fixed Deposit Rate
Maybank Fixed Deposit Rate Rating: 4,6/5 8048 votes
Maybank fixed deposit board rates. Minimum of S$10,000 for 1-month tenure and S$1,000 for tenures from 2 to 36 months. Rates for Maybank Fixed Deposit Account. Effective from 9 July 2020. All interest / dividend rates quoted may change without prior notice.
Maybank Fixed Deposit Interest Rate, Maybank Fixed Deposit is a facility that comes with a wide range of tenures and convenient modes of a transaction and allows you to earn returns on your deposit amount through competitive rates.
- MAYBANK PRIVILEGE; MAYBANK PREMIER; MAYBANK PRIVATE; MAYBANK ISLAMIC; Malaysia. COMPARE 3 OUT OF 3 Choose a Fixed Deposit account that suits your needs. Compare and select the best Fixed Deposit account for you. Islamic Fixed Deposit - i. An Islamic Term Deposit with pre-determined profit rate. Earn fixed rates.
- Effective 7 December 2019, Maybank will no longer be issuing certificates for new Conventional Fixed Deposit placements made over-the-counter (OTC) by retail individual customers.
- Maybank Singapore 1 Year Time Deposit. The rate is for the 'Singapore Dollar Time Deposit' product that requires a minimum deposit of S$ 1,000. It is available for.
Maybank Fixed Deposit Interest Rates
The interest rates associated with the Maybank Fixed Deposit are mentioned in the table below:
| Tenure (in Months) | Interest Rate (% p.a.) |
|---|---|
| 1 | 3.15 |
| 2 | 3.15 |
| 3 | 3.20 |
| 4 | 3.20 |
| 5 | 3.20 |
| 6 | 3.30 |
| 7 | 3.30 |
| 8 | 3.30 |
| 9 | 3.30 |
| 10 | 3.30 |
| 11 | 3.30 |
| 12-24 | 3.35 |
| 36 | 3.40 |
| 48 | 3.50 |
| 60 | 3.60 |
Types of Maybank FD
The following are the 2 types of Maybank Fixed Deposit available for customers:
- Fixed Deposit Account: This PIDM (Perbadanan Insurans Deposit Malaysia) protected account provides you with an interest on an agreed rate on the total deposit amount. With higher rates of interest and flexible tenure range, the facility helps you grow your savings.
- eFixed Deposit: Coming with a convenience of transactions and control via Maybank2u, this package provides a higher rate of interest on deposits with flexible tenures and eligibility of protection under PIDM.
Features and Benefits
The features and benefits associated with Maybank Fixed Deposit are as follows:
- The Maybank Fixed Deposit comes with a higher interest rate than that of a normal savings account.
- The facility is eligible for protection by PIDM.
- The Maybank Fixed Deposit facility comes with a range of tenures that is extendable to 60 months.
- The facility comes with a minimum investment of RM5,000 for one month and RM1,000 for a tenure of 2 months or more.
Eligibility Criteria
- Minimum age requirement: Customers applying for the Maybank Fixed Deposit must be at least 18 years at the time of application.
- Who can apply:
- For Fixed Deposit Account: Any customer applying individually or customers applying on a joint basis are eligible for Fixed Deposit Account.
- For eFixed Deposit: Individuals with Maybank conventional/Islamic account, applicants applying on a joint basis, and sole proprietors are eligible to apply for the Maybank Fixed Deposit – eFixed Deposit.
Maybank Fixed Deposit Promotions 2019
Maybank Privilege, Maybank Private, and Maybank Premier customers can get the benefits of Chinese New Year FD Campaign when the minimum sum is placed in a Conventional Fixed Deposit account. A Maybank Privilege customer can get a promotional rate of 4.00% p.a. when a minimum sum of RM100,000 is deposited in fresh funds. The deposit must be maintained for a period of 6 months. The campaign also allows you to deposit rollover funds. You can get a promotional rate of 3.90% p.a. on rollover funds.
If you are a Maybank Private or Maybank Premier account holder, you have to make a minimum deposit of RM250,000. The deposit must be maintained for 12 months to get the promotional benefits. You can get a promotional rate of 4.28% p.a. if the deposit is made using fresh funds. On the other hand, you will get a rate of 4.18% p.a. if rollover funds are used.
Maybank Fixed Deposit Rate
The promotion is valid from 2 January 2019 until 28 February 2019.
| Participating Product | Account Type | Minimum Deposit Amount | FD Tenure | Promotional Rate for Fresh Funds | Promotional Rate for Rollover Funds |
|---|---|---|---|---|---|
| Conventional FD | Maybank Privilege | RM100,000 | 6 months | 4.00% p.a. | 4.28% p.a. |
| Maybank Private and Maybank Premier | RM250,000 | 12 months | 3.90% p.a. | 4.18% p.a. |
How to open Maybank Fixed Deposit
You can contact the bank with the request of Maybank Fixed Deposit via its customer service numbers. You can also visit the nearest Maybank branch in order to apply for the Maybank Fixed Deposit.
Maybank Contact Number for Fixed Deposit
You can call the customer service and hotline numbers of Maybank: 1-300 88 6688 and 603-7844 3696 (overseas) for further information regarding Maybank Fixed Deposit.
FAQs
Q. Can I make a premature withdrawal with Maybank Fixed Deposit?
A. You are allowed to make a premature withdrawal with your Fixed Deposit Account, but the same is not allowed for eFixed Deposit.
Q. What is the minimum range of tenures with Maybank Fixed Deposit?
A. The tenures available with Maybank Fixed Deposit range from 1 month to 60 months.
Q. Can I open a Maybank Fixed Deposit with my spouse on a joint basis?
A. Yes, you can open a Maybank Fixed Deposit on a joint basis.
Q. How is the interest calculated with eFixed Deposit scheme?
A. The interest under eFixed Deposit is calculated on a daily basis.
Q. What if I fully withdraw the amount before the maturity with a 2-month Maybank Fixed Deposit?
A. The bank shall not give any interest on the amount with tenures of 1 to 3 months if the facility doesn’t reach its maturity.
CPF PayNow Promotion
Get rewarded with S$100 cash credit when you transfer your CPF retirement savings or CPF LIFE to your Privilege Plus Savings Account
Maybank MView
Receive S$120 cash when you open a SaveUp Account online and link your accounts with Maybank MView.
PPSA Top up promotion
Receive S$100 Takashimaya vouchers when you make a deposit into your Maybank Privilege Plus Savings Account.
Maybank@BtTimah SaveUp Account Opening Promotion
Get a can of New Moon Australia Baby Abalone when you open and deposit S$5,000 into your new SaveUp Account.
Maybank Fd Rate 2020
Get 3X interest and unique treats with Maybank Family Plus
Maybank Fixed Deposit Rate Singapore
Maybank Family Plus is designed to reward the whole family. Earn up to 3X interest on the first S$30,000 of your child's savings when you save in Youngstarz and iSAVvy Savings Account and spend on your Maybank Family and Friends Card. In addition, enjoy 8% cash rebate on daily essential in Singapore and Malaysia with your Maybank Family and Friends Card.
Enjoy up to 3% p.a. interest with Save Up Programme
Maybank Singapore Fixed Deposit Rate
Choose up to 3 products and enjoy a higher interest rate on the first S$50,000 in your SaveUp account.