In March, I shared my experience on Maybank Time Deposits.
My principal is 25K and my term is 24 months. I get 725SGD interest on the next working day.
The interest rate is 1.45% per annum for 2 years lock-in period.
The time deposit application offer will close on 30 April 2013.
If you have spare cash of 25K or more and you want guaranteed returns with interest of up to 1.6%, you may approach Maybank.
Maximum lock-in period is 3 years and minimum is 1 year.
I opted for Maybank Time deposits because I want my spare cash to grow more than 1% per year.
Little growth. It is better than doing nothing.
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