Maybank Singapore unveils CPF time deposit for 2.9% per annum

They must allot at least S$20,000 from their CPF ordinary accounts to the time deposit account.

Maybank Singapore now offers central provident board (CPF) time deposits with a rate of 2.9% per annum (pa).

It is offered to CPF members when they open a Maybank 12-month CPF time deposit account, done by placing at least S$20,000 from their CPF ordinary accounts (OA).

Maybank Singapore CEO Alvin Lee said that he is pleased to offer the 2.9% pa rate to new and existing customers.

“With the launch of Maybank CPF time deposit, it demonstrates our commitment to continually avail viable solutions to our customers and community,”Lee said.

CPF members can open a Maybank CPF time deposit account by visiting any Maybank branch even if their CPF Investment Accounts are with other banks.

Follow the link for more news on

Maybank

Time Deposit

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia