What is Maybank eFixed Deposit?
This is a fully online fixed deposit ( FD) account with a tenure of up to 60 months. Easy application can be done via Maybank2u or Maybank2u Mobile App. New placements and withdrawals can be made in real time anywhere, anytime.
How difference is this online account from a normal fixed deposit?
Quite a few actually, and all for your added convenience:
- Account creation can be done with Maybank2u and processed by the branch the following working day
- You won't be given a certificate, but will be given an 8-digit reference number ending with 'E' instead.
- Placement can be made by debiting cash from your linked account to Maybank2u.com
Can I withdraw from this fixed deposit before maturity and get some interest?
You are allowed to make an immediate withdrawal of your fixed deposit prior to maturity, subject to Maybank's Terms and Conditions.
With effect from January 2019, when you make immediate premature withdrawal (without 31 days' notice period) no interest will be paid to the withdrawn amount.
Unless you have submitted the 31 days' notice period at the branch, your fixed deposit will earn 50% of the contracted interest rate.
Who can apply for this account with Maybank?
You will have to be an existing Maybank account holder as a joint account holder or sole proprietor.
What is the minimum deposit I will need?
For 1-month placement, you will need at least RM5,000. For 2 months and above, you will need a lower amount, which is RM1,000.