Maybank Fixed Deposit Promotion
› Maybank fixed deposit promotion
List Of Websites About Maybank Fd Promotion Malaysia
List of Fixed Deposit sale events, promotions, price list and other happenings in Singapore. Last updated March 2021 UOB P4W Past Event Watch your spare cash grow with minimal risk and earn competitive interest rates. Maybank fixed deposit rates (Jan 2021) The next best alternative to DBS is usually a Maybank fixed deposit. For January, you can earn 1 per cent p.a. With Maybank’s Singapore Dollar Time Deposit.
Maybank Islamic Fixed Deposit-i (eIFD-i) - Maybank Malaysia
(5 days ago) #StayAtHome & Enjoy with higher Maybank Islamic Fixed Deposit-i (eIFD-i) profit rate via FPX. Directly deposit your funds from other banks to your eIFD-i with FPX to enjoy extra returns today. Campaign period: 18 May 2020 to 18 June 2020 on first come first served basis, valid until 18 June 2020 or upon reaching the campaign limit, whichever is ...
Category: voucherShow All
Maybank Islamic Fixed Deposit-i (eIFD-i) - Maybank Malaysia
(5 days ago) #StayAtHome & Enjoy with higher Maybank Islamic Fixed Deposit-i (eIFD-i) profit rate via FPX. Directly deposit your funds from other banks to your eIFD-i with FPX to enjoy extra returns today. Campaign period: 19 June 2020 to 30 June 2020 on first come first served basis, valid until 30June 2020 or upon reaching the campaign limit, whichever is ...
Category: voucherShow All
IFD-i / FD Golden Campaign Maybank Malaysia
(5 days ago) IFD-i / FD Golden Campaign This promotion is open to new & existing Maybank customers aged 50 and above (based on year of birth) and is applicable for Islamic Fixed Deposit (IFD-i) and Conventional Fixed Deposit (FD) with 9 months tenure with minimum deposit placement of RM10,000. Campaign Period: 1 April 2019 to 30 April 2019
Category: voucherShow All
eFixed Deposit - Fixed Deposit Maybank Malaysia
(2 days ago) eFixed Deposit. 1st placement: creation of Fixed Deposit account (customers without an FD account) Creation of FD account is done over the counter. Certificate will be issued to customer. Mode of payment for placement can be cash or debit banking account. Real time creation of FD account via Maybank2u.com.
Category: voucherShow All
Fixed Deposit Account Rates Maybank Malaysia
(3 days ago) 36 - 47 months. 1.90. 48 - 59 months. 2.00. 60 months. 2.10. Effective from 9 July 2020. All interest / dividend rates quoted may change without prior notice. Please contact the nearest Maybank branch for the latest rates.
Category: AllShow All
Promotions Maybank Malaysia
(3 days ago) Exclusive hotel deals with Maybank Visa Cards. Get exclusive hotel deals in Malaysia with Maybank Visa Cards. Discover. Book a getaway with Maybank Visa Cards. Enjoy amazing deals with Maybank Visa Cards. Discover. Fave Cashback Promotion. Exclusive Fave RM10 Cashback with Maybank American Express Cards. Discover.
Category: voucherShow All
Fixed Deposit - Accounts Maybank Malaysia
(7 days ago) Earn fixed rates while enjoying the ease of managing your account online. DISCOVER. MINIMUM DEPOSIT. RM1,000 to RM5,000. TALK TO US ADD TO COMPARE. eFixed Deposit. Earn fixed rates while enjoying the ease of managing your account online. DISCOVER. MINIMUM DEPOSIT.
Category: voucherShow All
Maybank Fixed Deposit Promotion Malaysia
(14 days ago) (21 days ago) Maybank Fixed Deposit Promotion 2019 Malaysia can offer you many choices to save money thanks to 22 active results. For a 12 months placement of S$25,000 at 0.65% p.a. Maybank: Earn up to 1.0% p.a. Under their bundle promotion, account owners who can deposit $50,000 for a tenure of only 3 months can earn up to 3% of interest.
Category: voucherShow All
Maybank offer FD rate of 8.28%
(2 days ago) Maybank offer FD rate of 8.28% Maybank Golden FD rate up to 8.28% Deposit now for greater returns on your 12 months Fixed Deposit.
Category: voucherShow All
Here are the Best Fixed Deposit Promos in Malaysia 2021
(2 days ago) 10. Standard Chartered Promo: 2020 UT - FD/TD-i 6.18% p.a. Campaign Interest Rate: 6.18% p.a. Minimum: RM100,000 Maximum: N/A Tenure: 3 months Offer Period: 18 December 2020 to 15 April 2021 11. Public Bank Promo: PB Journey Golden Savers Campaign Interest Rate: Up to 2.30% p.a. Minimum: RM5,000 Maximum: RM5,000,000 Tenure: 3/6/9 months Offer Period: 1 February to 30 June 2021
Category: voucherShow All
Best Fixed Deposit Accounts In Malaysia - RinggitPlus
(2 months ago) MBSB Bank is also offering competitive profit rates for its FD (1, 3, 6, and 9-month tenure) this time around. The highest interest rate recorded in this month’s round-up is 2.40% (KFH Malaysia; 12-month FD), whereas the lowest stood at 1.65% (Bank Islam; 1-month FD).
Category: voucherShow All
Maybank Fd Promotion Malaysia - Best Coupon Codes
(1 months ago) Maybank Malaysia Fixed Deposit Promotion. CODES (2 months ago) (8 days ago) (3 months ago) maybank malaysia fixed deposit promotion. CODES (1 months ago) maybank fd promotion malaysia - get-coupon-codes.info CODES Get Deal Promotions Maybank Malaysia. CODES (6 days ago) Enjoy profit rate of 3.05% p.a. for 6 months tenure or 2.87% p.a. for 2 ...
Category: voucherShow All
Maybank offer up to 4.70% p.a Fixed Deposit Rate
(3 days ago) Maybank offer up to 4.70% p.a Fixed Deposit Rate. Deposit now for greater return on your 3+3+3 months Fixed Deposit. Grow your returns this Merdeka with minimum deposit of RM10,000 for Individual or RM25,000 for SME/Business Banking customers in a single certificate.
Category: voucherShow All
Best Fixed Deposits in Malaysia 2021 - Compare and Apply ...
(3 days ago) Best Fixed Depositsin Malaysia 2021. Best Fixed Deposits. You worked hard for your money, so make your money work hard for you. Compare FD accounts for the best interest rates or FD promos with great gifts and best return on your savings. Grow your wealth at low risks and guaranteed high profit.
Category: voucherShow All
Best Fixed Deposits Malaysia 2021 - Compare Rates & Enjoy ...
(2 days ago) Take advantage of FD promotions: Most banks run FD promotions a few times a year in order to entice new and recurring customers. Interest rates from FD promotions are usually higher than the board rate. Keep yourself updated with the latest FD promotions by checking iMoney's online calculator regularly (Scroll up to use the calculator).
Category: AllShow All
Maybank Fd Promotion Malaysia - Top Types Of Voucher
(4 days ago) (3 days ago) maybank fd promotion malaysia - Top Types Of Voucher (28 days ago) Promotions Maybank Malaysia. VOUCHER (6 days ago) This promotion is applicable for Conventional Fixed Deposit (FD) or Islamic Fixed Deposit (IFD-i) or General Investment Account-i (GIA-i) with 6 months tenure.
Category: voucherShow All
Maybank Malaysia Fixed Deposit Promotion
(2 months ago) Promotions Maybank Malaysia (2 days ago) This promotion is applicable for Conventional Fixed Deposit (FD) or Islamic Fixed Deposit (IFD-i) or General Investment Account-i (GIA-i) with 6 months tenure. The campaign period is valid from 1 March 2019 to 15 March 2019 or upon reaching the campaign limit, whichever is earlier.
Category: voucherShow All
Banks Offering Fixed Deposit(FD) Rates Above 9% 03 Mar 2021
(3 days ago) Banks offering more than 9% interest on FDs in 2021. There are many banks in India that offer more than 9% p.a. on Fixed Deposits (FDs). Term deposits are an ideal investment option, especially for those who are looking for benefits like high liquidity, premature withdrawal facilities, nomination facility, loan/overdraft, etc.
Category: AllShow All
Maybank Malaysia Fixed Deposit Promotion
(3 months ago) (2 months ago) maybank malaysia fixed deposit promotion. 50% off (26 days ago) Maybank Fixed Deposit Promotion 2019 Malaysia - 08/2020. 50% off (5 days ago) Maybank Fixed Deposit Promotion 2019 Malaysia Overview. Maybank Fixed Deposit Promotion 2019 Malaysia can offer you many choices to save money thanks to 22 active results.
Category: % OffShow All
Deposits Promotions - Maybank Singapore
(3 days ago) 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.
Category: voucherShow All
Best Maybank Fd Promotion Malaysia Codes Newnest 2020
(20 days ago) maybank fixed deposit rate 2020 - educaborras.com. VOUCHER (20 days ago) Maybank fixed deposit promotion 2019 Malaysia - 08/2020 (! Out more: deposit online and earn 1.75 % p.a the $ 10,000 in Maybank Singapore time! 5,000 in line with the opening of its first branch in Phnom Penh at least one week 48.
Category: voucherShow All
Maybank eFixed Deposit - Online Fixed Deposit
(2 days ago) What is Maybank eFixed Deposit? This is a fully online fixed deposit (FD) account with a tenure of up to 60 months. An easy application can be done via Maybank2u or Maybank2u Mobile App. New placements and withdrawals can be made in real-time anywhere, anytime. How different is this online account from a normal fixed deposit?
Category: voucherShow All
Fixed Deposits – MyPF.my
(3 days ago) Fixed Deposits (FD) are a financial instrument from banks providing FD holders with higher returns than a normal savings/checking account.Updated: Feb 12, 2021Subscribe on YouTubeFixed DepositsFD rates in Malaysia are around 2% (affected by FD promotions) and determined by the individual bank. FD rates are
Category: voucherShow All
Singapore Dollar Time Deposit - Maybank
(3 days ago) Score up to 1.60% p.a. in Singapore Dollar Time Deposit. For every S$1,000 deposited in your savings account, you can place S$10,000 in Maybank Singapore Dollar Time Deposit. FIND OUT MORE : Deposit online and earn 1.75% p.a. With minimum deposit of S$50,001 in 24-month Maybank iSAVvy Time Deposit. FIND OUT MORE
Category: voucherShow All
Maybank Fixed Deposit Promotion - My Best Coupon Codes
(7 days ago) Top Sites Have maybank fd promotion malaysia - UK ... CODES (5 days ago) maybank fixed deposit promotion Malaysia (7 days ago) (21 days ago) maybank fixed deposit promotion 2019 Malaysia can offer you many choices to save money thanks to 22 active results. For a 12 months placement of S$25,000 at 0.65% p.a. Maybank: Earn up to 1.0% p.a.
Category: voucherShow All
85% OFF Maybank Fixed Deposit Promotion Verified ...
(17 days ago) Maybank Fixed Deposit Promotion Malaysia. COUPON (6 days ago) maybank fixed deposit promotion - Best Coupon Codes (7 days ago) maybank fixed deposit promotion - My Best Coupon Codes (4 days ago) There are 2 types of maybank fixed deposit promotion s: the first one is for deposits made via the iSavvy (online), and the other is for fixed deposits ...
Category: voucherShow All
Best Fixed Deposit Malaysia * All Banking Fixed Deposit ...
(5 days ago) So, after a year, you will gain 4% from your initial deposit rate – which is 0.04 * RM5000. That’s an extra RM200 in your bank account by the end of your fixed deposit term. So, when the 12 months are up, you will have RM5200 in your bank account, just by leaving the money in your bank. 4.
Category: voucherShow All
Best Islamic Fixed Deposits in Malaysia 2021 - Compare and ...
(2 months ago) Best Islamic Fixed Deposits in Malaysia 2021 Predetermined profit sharing and Murabahah (cost+sale) may allow you to enjoy the benefit of investing in a fixed deposit account without compromise. Compare Islamic Term Deposits, study the fine print, find the investment product that matches your principles.
Category: AllShow All
Top Sites Have Maybank Fd Promotion Malaysia - UK ...
(7 days ago) Promotions Maybank Malaysia (6 days ago) This promotion is applicable for Conventional Fixed Deposit (FD) or Islamic Fixed Deposit (IFD-i) or General Investment Account-i (GIA-i) with 6 months tenure. The campaign period is valid from 1 March 2019 to 15 March 2019 or upon reaching the campaign limit, whichever is earlier.
Category: voucherShow All
Maybank Malaysia Fixed Deposit Promotion Sites ...
(1 months ago) (9 days ago) (1 months ago) (13 days ago) Maybank Singapore Fixed Deposit Promotion Provided by : mybestcouponcodes.com FREE The best fixed deposit promotions in Singapore (June 2020 (2 days ago) $20,000 to $30,000 is the usual threshold for most fixed deposit promotions. This month, you’d need $25,000 to unlock the highest rate of 1.40 per ...
Category: voucherShow All
7 best fixed deposit rates in Singapore (Jan 2021) - DBS ...
(2 days ago) The 7th best fixed deposit promotion on the market belongs to Malaysian bank RHB. That said, its 0.4 per cent p.a. interest rate is really not spectacular, so think carefully before you commit for ...
Category: AllShow All
Best Malaysia Deposit Interest Rates - Money Lobang
(6 days ago) Best Malaysia Deposit Interest Rates. Search: Deposit Type. All Accounts Fixed Deposits Current & Savings Deposit Promotions. Tenure Length. All Tenures 12 Months 12 to 18 Months >19 Months. Sort By. Interest Rate Popularity. 16 people like this ... Maybank Fixed Deposit Account with 6 to 12 months tenure.
Category: AllShow All
Maybank Fixed Deposit Promotion Rate
Maybank 1 Year Fixed Deposit - 12 Month FD Interest Rates
(3 days ago) Information on Maybank 1 Year Fixed Deposit: This account is eligible for protection by PIDM, which is the Perbadanan Insurans Deposit Malaysia which provides protection for depositors. Maybank 1 Year rates are highly influenced by the monetary policy from the Central Bank of Malaysia, the BNM or Bank Negara Malaysia.
Category: voucherShow All
Maybank Foreign Currency Time Deposit
(2 days ago) Initial deposit: 10,000 units for all foreign currencies . Maintain any Maybank Savings or Current account with Maybank Online Banking access. Foreign Currency Time Deposit principal will be debited from this account; Interest and principal upon deposit maturity will be credited to this account
Category: AllShow All
Maybank 3 Month Fixed Deposit - Three Month FD Interest Rates
Maybank Malaysia Fixed Deposit Promotion
(6 days ago) Fixed. Rate. 3.20%. Currency. MYR. This FD account is for a 3 month tenure which requires a minimum investment of RM1000 for tenures over 2 months. This account is available for individuals and joint accounts. The rate of 3.20% is 0.01% lower than the average 3.21%.
Category: voucherShow All
Fixed Deposit (FD) Promotion, EFD Promotion - Hong Leong Bank
(3 days ago) The maximum deposit amount per transaction via FPX transfer is RM200,000, subject to such prescribed maximum amount/limit of transfer in the Customers’ individual internet banking maintained with the relevant bank. Picture shown is for illustration purposes only. Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.
Category: voucherShow All
Maybank Singapore Dollar Time Deposit
(4 days ago) Eligibility. Minimum age: 16 years old. Initial deposit: S$1,000 for tenures from 2 to 36 months. S$10,000 for 1-month tenure and Choice Date with flexible tenure. S$1,000,000 for a 1-week tenure, applicable only to corporate accounts. Documents Requirement for Singapore Citizens or Permanent Residents. NRIC.
Category: voucherShow All
Maybank Singapore Dollar Privilege Plus Time Deposit
(2 days ago) The interest will be credited into your Maybank Privilege Plus Savings Account. 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.
Category: voucherShow All
Maybank Islamic Fixed Deposit Rates - exchange rate
(7 days ago) Popular Promotion. Public Bank Super FD offer 8.88% rate; Maybank offer FD rate of 8.28%; RHB offers 5.38% FD rate; 4.28% with Public Bank FD Xtra Promotion; Maybank offer up to 4.70% p.a Fixed Deposit Rate; 4% FD Rate by Hong Leong Bank with a chance to win a terrace house; CIMB offers higher returns on your deposits; Affin Bank offers up to 8 ...
Category: voucherShow All
Maybank iSAVvy Time Deposit
(4 days ago) Login to Maybank Online Banking to place a deposit into iSAVvy Time Deposit: Step 1: Select Account >Time Deposit > Singapore Dollar Time Deposit > iSAVvy Time Deposit Step 2: Select the account to debit funds for this placement Step 3: Agree to confirm the placement Login to Online Banking. You must have a Maybank Savings or Current Account and Online Banking Access to make the placement online.
Category: voucherShow All
Promotions AmBank Malaysia
(3 days ago) AmBank Credit Card lets you discover great deals & offers wherever you are. From Dining, Shopping, Travel to Online deals, there’s something for everybody. Enjoy the finest perks of banking products & services with our latest offers & bargains. The best deals, only from AmBank.
Category: voucherShow All
Maybank Interest Rates - Malaysia Bank Account Rates
(4 days ago) Maybank Overview Maybank or Malayan Banking Berhad is a major bank and financial services group in Malaysia with extensive presence in both Indonesia and Singapore. It is currently listed on the Malaysian Stock Exchange and was first incorporated in Kuala Lumpur in 1960.
Category: voucherShow All
Maybank Fixed Deposit Promotion Singapore
(2 months ago) VOUCHER (28 days ago) CODES (1 months ago) CODES (29 days ago) maybank fixed deposit promotion Malaysia. CODES (16 days ago) CODES (7 days ago) Deals maybank fixed deposit promotions Maybank is running promotions on its $20,000 and $50,000 time deposits.For 12-month Singapore Dollar Time Deposits of at ...
Category: voucherShow All
Maybank Singapore Fixed Deposit Promotion
(19 days ago) (4 days ago) (19 days ago) maybank fixed deposit promotion malaysia. COUPON (2 days ago) CODES (19 days ago) maybank singapore fixed deposit promotion Provided by : mybestcouponcodes.com FREE The best fixed deposit promotions in Singapore (June 2020 (2 days ago) $20,000 to $30,000 is the usual threshold for most fixed deposit promotions.
Category: voucherShow All
Cimb Fixed Deposit Promotion Malaysia - Best Coupon Codes
(3 days ago) (19 days ago) (4 months ago) (2 months ago) cimb fixed deposit promotion malaysia - Free Coupon Codes COUPON (1 months ago) (3 days ago) CIMB Bank: Earn 1.10% p.a. with the latest SGD fixed deposit promo till 31 May 2020 Maybank: Earn up to 1.40% p.a. with the latest SGD Time Deposit promo from 17 April 2020 Singapore Savings Bond (SSB): Earn ...
Category: voucherShow All
Maybank Singapore Fixed Deposit Promotion
(12 days ago) (4 days ago) Maybank Fixed Deposit Promotion Singapore (1 months ago) (3 days ago) maybank fixed deposit promotion - Best Coupon Codes (3 days ago) (1 days ago) maximum deposit amount of $75,000 and 3 to 18 months tenure Maybank current highest fixed deposit rate is 0.50% p.a. for 12 months tenure with minimum deposit of $25,000.
Category: voucherShow All
Maybank Fixed Deposit Promotion Singapore
(5 days ago) Maybank Fixed Deposit Promotion Malaysia. CODES (8 days ago) CODES (19 days ago) Maybank Singapore Fixed Deposit Promotion Provided by : mybestcouponcodes.com FREE The best fixed deposit promotions in Singapore (June 2020 (2 days ago) $20,000 to $30,000 is the usual threshold for most fixed deposit promotions.
Category: voucherShow All
Legal Sites Have Maybank Fixed Deposit Promotion Singapore ...
(11 days ago) Maybank Fixed Deposit Promotion Malaysia. COUPON (7 days ago) Singapore Dollar Time Deposit - Maybank (4 days ago) Score up to 1.60% p.a. in Singapore Dollar Time Deposit. For every S$1,000 deposited in your savings account, you can place S$10,000 in Maybank Singapore Dollar Time Deposit. FIND OUT MORE : Deposit online and earn 1.75% p.a.
Category: voucherShow All
Popular Searched
› Generic Cialis Coupon Cleckleyfloors
› Create Your Own Coupon Ticket
› Great Wolf Lodge Williamsburg Groupon
› Michigan Golf Coupons Book
› Linen Table Coupon Code
Recently Searched
› Columbus Airport Parking Coupons
› Maybank Fd Promotion Malaysia
› Farmers Insurance Covid Discount
› Palace Resort Promo Code
› Discount Baseball Gloves
© Provided by MoneySmart Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. You don't need to do anything to earn this interest, just park your money with a bank. Think of it like mold on a piece of bread. Just leave it out in the open and mold will grow — FREE! — on your bread for you. Seriously, though, fixed deposits are great if you have a substantial amount of money lying around and you don’t want to risk investing it. Fixed deposits are an extremely low risk way to grow your money.Best fixed deposit rates in Singapore (Feb 2021)
We've picked the highest fixed deposit rates for SGD in attainable deposit amounts (i.e. $50,000 and below). Note that these promotional rates change monthly and the bank can change the rates anytime.| Bank/financial institution | Min. deposit amount | Tenure | Interest rates |
| DBS | $1,000 | 18 months | 1.3% p.a. |
| Maybank | $1,000 | 36 months | 1% p.a. |
| Hong Leong Finance | $20,000 | 24 months | 0.75% p.a. |
| ICBC | $500 | 12 months | 0.6% p.a. |
| UOB | $20,000 | 10 months | 0.5% p.a. |
| Standard Chartered | $25,000 | 3 months | 0.45% p.a. |
| OCBC | $20,000 | 12 months | 0.4% p.a. |
| RHB | $20,000 | 12 months | 0.4% p.a. |
| CIMB | $1,000 | 3 months | 0.3% p.a. |
| HSBC | $30,000 | 6 months | 0.25% p.a. |
DBS fixed deposit rates (Feb 2021)
| DBS fixed deposit rate | |
| Interest rate | 1.3% p.a. |
| Deposit amount | $1,000 to $19,999 |
| Tenure | 18 months |
Maybank Fixed Deposit Promotion Singapore
Ever since COVID-19 hit our economy, DBS has been one of the consistent winners when it comes to fixed deposit rates. This month is no exception. The current highest DBS fixed deposit rate of 1.3% p.a. is considered sky-high by today's standards. The minimum of $1,000 is is quite a manageable amount, although you have to commit to a tenure of 18 months. Otherwise, you can still get a slightly lower interest rate of 1.15% p.a. for 12 months. DBS is the best out there this month given the current economic climate and decreasing interest rates all around. It’s a good option if you want to save up and prefer local banks. [ms-inline-widget account_type='fixed-deposit' amount='10000' tenure='18' locale='en' country_code='sg' channel='fixed-deposit' product_slug='dbs-singapore-dollar-fixed-deposit' ]Maybank fixed deposit rates (Feb 2021)
| Maybank fixed deposit rate | |
| Interest rate | 1% p.a. |
| Deposit amount | Min. $1,000 |
| Tenure | 36 months |
Hong Leong Finance fixed deposit rates (Feb 2021)
| Hong Leong Finance fixed deposit rate | |
| Interest rate | 0.75% p.a. |
| Deposit amount | Min. $20,000 |
| Tenure | 24 months |
ICBC fixed deposit rates (Feb 2021)
| ICBC fixed deposit rate | |
| Interest rate | 0.6% p.a. |
| Deposit amount | Min. $500 |
| Tenure | 12 months |
UOB fixed deposit rates (Feb 2021)
| UOB fixed deposit rate | |
| Interest rate | 0.5% p.a. |
| Deposit amount | Min. $20,000 |
| Tenure | 10 months |
Standard Chartered fixed deposit rates (Feb 2021)
| Standard Chartered fixed deposit rate | |
| Interest rate | 0.45% p.a. |
| Deposit amount | Min. $25,000 |
| Tenure | 3 months |
OCBC fixed deposit rates (Feb 2021)
| OCBC fixed deposit rate | |
| Interest rate | 0.4% p.a. |
| Deposit amount | Min. $20,000 |
| Tenure | 12 months |
RHB fixed deposit rates (Feb 2021)
| RHB fixed deposit rate | |
| Interest rate | 0.4% p.a. |
| Deposit amount | Min. $20,000 |
| Tenure | 12 months |
What about HSBC and CIMB fixed deposits?
The rest of the banks — CIMB and HSBC — are offering 0.3% or less on their fixed deposits, which is hardly worth your time. In fact, you can get 0.3% p.a. on your savings with no lock-in just by opening a regular CIMB FastSaver account. Of course, banks are notoriously fickle about their interest rates, and all these could easily change next month. For the latest promotional rates, remember to bookmark this page and our MoneySmart fixed deposit comparison page before you commit. Plus, here’s a quick and dirty summary of what you need to know about fixed deposits.Fixed deposit vs savings account — what's the difference?
https://youtu.be/Sq9hjlnEgY0 Once an attractive alternative to that pathetic 0.05% p.a. interest on savings accounts, fixed deposits — like so many ageing Channel 8 starlets — are fading from collective memory. Today, every bank in Singapore is competing for your dollar with high interest savings accounts, which may actually offer better returns. Here are the differences between fixed deposits and savings accounts at a glance:| Fixed deposit | Savings account | |
| Tenure | As low as 3 months, but go for at least 12 months for better rates | None |
| Interest rate | The longer the tenure, the better the interest rate | Usually the same regardless of tenure |
| Amount to deposit | Fixed amount, usually at least $10,000 | Smaller initial deposit and minimum monthly balance ($500 to $3,000) |
| Currency | SGD by default, but some banks offer higher interest rates for foreign currency | SGD by default. There are a few multi-currency accounts, but no difference in interest rate |
| Can you withdraw? | Contrary to popular belief, yes, but you lose the interest | Yes, no impact on interest, but don’t fall below the minimum balance |
| Interest payments | Quarterly or annually | Monthly |
| Risk level | Virtually risk-free, insured up to $75,000 by Singapore Deposit Insurance Corporation (SDIC) |
Fixed deposit vs Singapore Savings Bonds (SSB) — which is better?
In an earlier article, we compared the Singapore Savings Bonds to fixed deposits. There are a few key distinctions between these virtually risk-free investment vehicles. First, interest rates. Believe it or not,Maybank Fixed Deposit Promotion 2021
fixed deposit interest rates are actually higher than SSBs. The November issue of SSBs offers a measly 0.23% p.a. interest average return after the first 2 years, which you can easily beat with a well-chosen fixed deposit promotion. Next, entry point. It takes just $500 to invest in Singapore Savings Bonds, which is lower than the $1,000 or more for most fixed deposits. That said, ICBC fixed deposits only require $500 to start. (On the flip side, there's a cap of $200,000 you can put into Singapore Savings Bonds. There's no cap for fixed deposits.) Finally, tenure. Fixed deposits are shorter term investmentsMaybank Fixed Deposit Promotion
. After the lock-in period is over, you should shop around again for another place to park your money. With SSBs, however, the interest rate climbs every year, so the longer you keep the money in there (up to a maximum of 10 years) the more you get. At the same time, SSBs have higher liquidity than fixed deposits. You will not be penalised if you withdraw your money at any point. You do have to pay a $2 transaction fee each time you buy or redeem a bond, though. Know anyone who likes to park their cash in fixed deposits? Share this article with them. [ms_related_articles] The post 7 Best Fixed Deposit Rates in Singapore (Feb 2021) — DBS, Maybank & More appeared first on the MoneySmart blog.Maybank Fixed Deposit Promotion Malaysia
MoneySmart.sg helps you maximize your money. Like us on Facebook to keep up to date with our latest news and articles.