Singapore T-bills

MAYBANK FIXED DEPOSIT: STILL 3.90% PER ANNUM?

Dear readers, in these days of lower fixed deposit interest rates, offered by banks and financial institutions alike, MayBank fixed deposits stood out.

A read on MayBank Fixed Deposit promotion webpage (as of this time in writing) indicated the following interest rates for a minimum deposit of $20,000, via placement in Maybank branches:

3.90% interest per annum for a tenure of 12-months.

For longer tenures, enjoy 3.75% (15-month), 3.60% (18-month) and 3.30% (24-month)

3.90% interest per annum is very attractive as it is one of the highest interest rates in town!

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