Maybank eFixed Deposit

A completely online fixed deposit account. Deposit and withdraw your cash from the comforts of your home via Maybank2u.

Maybank eFixed DepositOnline Fixed Deposit
Min. Deposit
RM1,000
Auto-renewal
No
Daily Interest
No
Early Withdrawal
Yes
Type
Conventional

Fixed Deposit Calculator

Interest Rate

What you earn based on the amount that you have in your account

You DepositDeposit PeriodEffective Interest Rate
min. RM5,0001 month1.5% p.a.
min. RM1,0002 months1.65% p.a.
min. RM1,0003 to 5 months1.7% p.a.
min. RM1,0006 to 11 months1.8% p.a.
min. RM1,00012 to 35 months1.85% p.a.
min. RM1,00036 to 47 months1.9% p.a.
min. RM1,00048 to 59 months2% p.a.
min. RM1,00060 months2.1% p.a.

Fees & Charges

There are no fees associated with this product.

Requirements

Minimum Age
  • 18 years old

More Information

What is Maybank eFixed Deposit?

This is a fully online fixed deposit (FD) account with a tenure of up to 60 months. An easy application can be done via Maybank2u or Maybank2u Mobile App. 

New placements and withdrawals can be made in real-time anywhere, anytime.

How different 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2019, when you make an immediate premature withdrawal (without 31 days' notice period) no interest will be paid to the withdrawn amount.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 of Maybank eFixed Deposit?

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.