The 1 year interest rate for November 2020 Singapore Savings Bonds has fallen as low as 0.23%, thus any of the fixed deposits promotion below will beat the Singapore Savings Bonds. Time Deposits. 0.10% p.a. ICBC offers 0.6% p.a. The next best alternative to DBS is usually a Maybank fixed deposit. MAYBANK PRIVILEGE; MAYBANK PREMIER; MAYBANK PRIVATE; MAYBANK ISLAMIC; Malaysia. No interest-on-interest will be paid. Minimum initial deposit of S$500 (Singaporeans/PR)/ S$1,000(Foreigners) S$2 (Singaporeans/PR)/ S$5 (Foreigners) monthly fee if average balance is below S$1,000 Discover Apply Now CODES (5 days ago) Before we proceed, note that Maybank Singapore fixed deposit and the rates may change at any time without notice. The Alternatives – Short Term Endowments. for 12-month tenures with an initial deposit of just $500 in fresh funds, while DBS offers 0.6% p.a. Singapore Dollar Term Deposit-iProtect and grow your asset. I have shared many other financial instruments that is similar to what fixed deposits can offer. Due to the competitive market of banking products, banks often provide promotional interest rates or bundles, such as higher interest rates on your FD if you commit to an investment or insurance product as well. Singapore Fixed Deposit Rates: Maybank Singapore Fixed Deposit. Beware of phishing emails / calls / SMS targeting Maybank customers. It is available for foreigners and Singapore residents and citizens to apply to open this account and S$ 250,000 to S$ 999,999 Unfortunately you have to leave it in for 36 months (3 whole years!) With the iSAVvy, you can earn 1.40% p.a with at least S$25,000 in 1 year. Maybank offers two promotions: you can either make deposits through iSavvy (online) or a current savings account. For January, you can earn 1% p.a. for 8-month or shorter tenures for new placements of $1,000 and above. to earn that measly 1% p.a. Such premature withdrawal can only be made at any of our Maybank branch in Singapore. Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Singapore Dollar Time Deposit; Foreign Currency Time Deposit; Islamic Deposits. Here are the fixed deposit rates of Maybank Singapore details: Maybank Fixed Deposit Rates for sums S$250,000 to S$1,000,000: Deposits and Fixed Deposits ... Protection; Financing; COMPARE 3 OUT OF 3 Deposits & Fixed Deposits. on Maybank Singapore's secure website The rate is for the 'Singapore Dollar Time Deposit' product that requires a minimum deposit of S$ 1,000. Fixed deposit promotions in Singapore as of January 2021. Select Country. Singapore Dollar Term Deposit-i is based on the Shariah principle of Murabaha, involving sale of commodities at marked-up price between Maybank and you.Profits are determined upfront and will be paid one calendar day after cash placement or cheque clearance. above one of the highest prevailing board rates in Singapore Minimum deposit of S$50,000 for at least 6 months, or S$25,000 for at least 12 months Discover APPLY NOW Malaysia; Indonesia; Singapore; Philippines; Cambodia; Deposits and Fixed Deposits. Phishing Alert . Winner: ICBC / DBS With the current economic slowdown, ICBC and DBS are leading the pack when it comes to accessible fixed deposits. Current Account-i; Foreign Currency Current Account-i; ... Maybank Singapore Limited (UEN: 201804195C). 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