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Maybank Singapore's iSAVvy Time Deposit

Maybank Singapore's iSAVvy Time Deposit

Author: Gino Carpio

The first and only online time deposit in Singapore that gives you both upfront interest*; rewards loyalty with interest-on-interest feature**

Key info

* Among the highest time deposit interest rates in SingaporeMaybank Singapore's iSAVvy Time Deposit


* Minimum deposit of S$25,000

* Choice of 3, 6, 12, 24 or 36 months

Grow your money with the iSAVvy Time Deposit the first and only online time deposit in Singapore that gives you both upfront interest*, plus interest on interest**. Pick the tenure that's most suitable for you.

Benefits

* Auto-renewal of deposit upon maturity

* Easy monitoring of your deposit via Maybank2u.com.sg Grow your money with the iSAVvy Time Deposit the first and only online time deposit in Singapore that gives you both upfront interest*, plus interest on interest**. Pick the tenure that's most suitable for you. Benefits Auto-renewal of deposit upon maturity Easy monitoring of your deposit via Maybank2u.com.sg Interest rate Among the highest time deposit interest rates in Singapore 0.5% p.a. upfront interest* one calendar day after placement Interest-on-interest** of up to 270% when your deposit matures That's a total of up to 1.85% p.a. Interest-on-interest will be credited to the iSAVvy Savings Account on deposit maturity, based on the interest-on-interest rate determined at the point of placement. Premature withdrawal of less than 3 months No interest will be paid Premature withdrawal of more than 3 months The interest is pro-rated based on the number of days the Time Deposit is placed, calculated on the lowest tier of the prevailing Savings Account rate at time of withdrawal or the contracted rate, whichever is lower. * Upfront interest will be credited into the iSAVvy Savings Account on the next calendar day, based on the prevailing upfront interest rate, currently at 0.5% p.a. ** Interest-on-interest will be credited into the iSAVvy Savings Account upon maturity of the iSAVvy Time Deposit, based on the interest-on-interest rate determined at the point of placement Promotional rates are available for a limited period only; subject to change without notice. Minimum initial deposit S$25,000About the Author:

The first and only online time deposit in Singapore that gives you both upfront interest*; rewards loyalty with interest-on-interest feature**

http://info.maybank2u.com.sg/personal/deposits-banking/time-deposits/detail.asp?page=isavvy
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