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RETAIL BANKING | Cesar Tordesillas, Singapore

Maybank clients get to personalise tenure dates

With 60 percent of customers opting for 9 and 12 month tenures, Maybank Singapore allows personalised tenure dates with its Choice Date Time Deposit.Choice Date Time Deposit allows customers to choose their own placement period, and the interest earned will be calculated up to the maturity date of the deposit. The placement period can be from tenures of 30 to 999 days.This flexibility allows customers to maximise interest earnings and more so, liquidity with the option of odd date tenures."The conventional time deposit customer is most comfortable with moderate tenure periods like 9 and 12 months. Now they can go beyond and time their placement to coincide with special occasions like anniversaries and birthdays. The upfront interest can come in handy for basic daily expenditure including enjoying a treat or even a short holiday trip. All these whilst maximising interest earnings at the same time," said Ms Helen Neo, Head of Consumer Banking, Maybank Singapore.Twenty percent of clients opt for shorter tenures from 3 to 9 months and 10 percent go for longer time deposit tenures of over 12 months.Upfront interest will also be paid out for a minimum placement amount of US$6,980, up to maximum amount of US$697,300 for tenures of 360 days and more.

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