Maybank Fixed Deposit is a facility that comes with a wide range of tenures and convenient modes of a transaction and allows you to earn returns on your deposit amount through competitive rates.
Maybank Fixed Deposit Interest Rates
The interest rates associated with the Maybank Fixed Deposit are mentioned in the table below:
|FD Scheme Name||Tenure Available||Interest Rate|
|Fixed Deposit Account||1-2 months||3.15% p.a.|
|Fixed Deposit Account||3-5 months||3.20% p.a.|
|Fixed Deposit Account||6-11 months||3.30% p.a.|
|Fixed Deposit Account||12-24 months||3.35% p.a.|
|Fixed Deposit Account||36 months||3.40% p.a.|
|Fixed Deposit Account||48 months||3.50% p.a.|
|Fixed Deposit Account||60 months||3.60% p.a.|
Types of Maybank Fixed Deposit
The following are the 2 types of Maybank Fixed Deposit available for customers:
- Fixed Deposit Account: This PIDM (Perbadanan Insurans Deposit Malaysia) protected account provides you with an interest on an agreed rate on the total deposit amount. With higher rates of interest and flexible tenure range, the facility helps you grow your savings.
- eFixed Deposit: Coming with a convenience of transactions and control via Maybank2u, this package provides a higher rate of interest on deposits with flexible tenures and eligibility of protection under PIDM.
Features and Benefits of Maybank Fixed Deposit
The features and benefits associated with Maybank Fixed Deposit are as follows:
- The Maybank Fixed Deposit comes with a higher interest rate than that of a normal savings account.
- The facility is eligible for protection by PIDM.
- The Maybank Fixed Deposit facility comes with a range of tenures that is extendable to 60 months.
- The facility comes with a minimum investment of RM5,000 for one month and RM1,000 for a tenure of 2 months or more.
Maybank Fixed Deposit Eligibility Criteria
- Minimum age requirement: Customers applying for the Maybank Fixed Deposit must be at least 18 years at the time of application.
- Who can apply:
- For Fixed Deposit Account: Any customer applying individually or customers applying on a joint basis are eligible for Fixed Deposit Account.
- For eFixed Deposit: Individuals with Maybank conventional/Islamic account, applicants applying on a joint basis, and sole proprietors are eligible to apply for the Maybank Fixed Deposit - eFixed Deposit.
Maybank offers a promotional campaign on eFixed Deposit (eFD) where you have to place a minimum amount of RM5,000 for a 5-months tenure to enjoy promotional rates. The promotion began on 28 May 2018 and ends on 31 July 2018. The promotion is available for both new and existing bank customers. However, you must have a current/savings account with the bank to place an eFD. The bank specifies that the placement must be made through Maybank2u website. The rates are given in the table below:
|Deposit Tenure||Promotional Rate (% p.a.)|
How to open Maybank Fixed Deposit
You can contact the bank with the request of Maybank Fixed Deposit via its customer service numbers. You can also visit the nearest Maybank branch in order to apply for the Maybank Fixed Deposit.
Maybank Contact Number for Fixed Deposit
You can call the customer service and hotline numbers of Maybank: 1-300 88 6688 and 603-7844 3696 (overseas) for further information regarding Maybank Fixed Deposit.
Maybank Fixed Deposit FAQs
Q. Can I make a premature withdrawal with Maybank Fixed Deposit?
A. You are allowed to make a premature withdrawal with your Fixed Deposit Account, but the same is not allowed for eFixed Deposit.
Q. What is the minimum range of tenures with Maybank Fixed Deposit?
A. The tenures available with Maybank Fixed Deposit range from 1 month to 60 months.
Q. Can I open a Maybank Fixed Deposit with my spouse on a joint basis?
A. Yes, you can open a Maybank Fixed Deposit on a joint basis.
Q. How is the interest calculated with eFixed Deposit scheme?
A. The interest under eFixed Deposit is calculated on a daily basis.
Q. What if I fully withdraw the amount before the maturity with a 2-month Maybank Fixed Deposit?
A. The bank shall not give any interest on the amount with tenures of 1 to 3 months if the facility doesn’t reach its maturity.
Other Products offered by Maybank:
Apart from offering Fixed Deposit,Maybank offers other products and services which include: