What’s the deal with Maybank Singapore Savings Account opening promotion?
Need a Singapore bank account for your studies, work or investment? Get up to S$50 when you open a Maybank Singapore Dollar Savings Account online
You can get up to S$50 cash welcome gift when you open your Maybank Singapore Savings Account.
Also, enjoy attractive interest rates when you deposit with Maybank’s SGD Time Deposit and iSAVvy Time Deposit promotions.
How does the promotion work?
#1 – Get up to S$50 in welcome gifts
The cash reward is split into two main actions:
- Open a SGD savings account and deposit a minimum of S$3,000 in fresh funds to get S$35.
- Earn S$5 each for your first 3 transactions made on the Maybank2u SG (Lite app). Find out what the eligible transactions are here.
This promotion is open only to new Maybank customers.
#2 – Enjoy attractive interest rates with the iSAVvy Time Deposit promotion
Maybank is offering a iSAVvy promotional rate of 3.10% p.a. for a 6-month fixed deposit. As of 23 October 2024, this is the best 6-month fixed deposit rate in Singapore.
It is also above the cut-off yield of the latest 6-month Singapore T-bill.
The minimum placement for the iSAVvy fixed deposit is S$20,000.
| Tenure | Interest rate p.a. (online placement) |
| 6-month | 3.10% |
| 9-month | 2.90% |
| 12-month | 2.60% |
| Source: Maybank website as of 23 October 2024 | |
Recap of Maybank Promo
The Maybank Singapore Savings Account promotion allows new customers to earn cash rewards without much hassle.
Maybank also offers the best 6-month fixed deposit rate in Singapore of 3.10% p.a.
