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MayBank raised interest rate on time deposits to 3.10%p.a.

17/09/2022

Maybank is offering a 6-month and 12-month time deposit offer, which can be placed over the counter or online through Maybank2u.

This offer is divided into Fresh Fund and Non Fresh Fund, Fresh Fund will earn 0.05% higher interest rate than Non Fresh Fund. The so-called Fresh Fund is the money transferred from other banks, and all transfers within 7 days are Fresh Fund.

When you choose to deposit your 6-month time deposit with Fresh Fund, you can enjoy 2.90% p.a. time deposit rate, while you can enjoy 2.85% p.a. rate when you choose Non Fresh Fund.

For a 12-month time deposit with Fresh Fund, you can enjoy a time deposit rate of 3.10%p.a. and with Non Fresh Fund, you can only enjoy 3.05%p.a.

The minimum deposit amount for this time deposit offer is RM10,000 and can be deposited via Bank Counter, Maybank2u Web, M2U MY APP and MAE APP.

This is an Islamic Fixed Deposit, so those who want to deposit this fixed deposit need to select Islamic Fixed Deposit at the time of deposit and then choose to deposit for 6 months or 12 months.

Maybank Time Deposit Offer

Deposit Date: July 25 – September 30, 2022

Interest Rate.

6 months – 2.90%p.a. (Fresh Fund)

6 months – 2.85%p.a. (Non Fresh Fund)

12 months – 3.10%p.a. (Fresh Fund)

12 months – 3.05%p.a. (Non Fresh Fund)

Minimum Deposit: RM10,000

Conditions: Available online or via counter deposit.

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