Maybank offers competitive fixed deposit rates for senior citizens, providing a safe and reliable way to grow your savings. Senior citizens can take advantage of these attractive rates to secure their financial future.
Fixed Deposit Rates for Senior Citizens (2025)
| Tenor | Interest Rate |
|---|---|
| 1 month | 2.00% |
| 3 months | 2.10% |
| 6 months | 2.25% |
| 12 months | 2.50% |
| 24 months | 2.75% |
| 36 months | 3.00% |
Fixed Deposit Rates for Senior Citizens (2022)
| Tenor | Interest Rate |
|---|---|
| 1 month | 1.50% |
| 3 months | 1.60% |
| 6 months | 1.75% |
| 12 months | 2.00% |
| 24 months | 2.25% |
| 36 months | 2.50% |
Notable Changes in Interest Rates
Maybank has recently revised its fixed deposit rates for senior citizens, reflecting the overall trend of rising interest rates. Senior citizens can now enjoy significantly higher returns on their fixed deposits compared to previous years. This is particularly beneficial for those planning their retirement or seeking a secure source of income.
Benefits of Fixed Deposits for Senior Citizens
Fixed deposits offer several key benefits for senior citizens, including:
Assured Returns: Fixed deposits provide a guaranteed return, irrespective of market fluctuations. This provides peace of mind and financial stability for senior citizens.
Competitive Rates: Maybank’s fixed deposit rates for senior citizens are among the most competitive in the market, allowing them to maximize their earnings.
Flexibility: Senior citizens can choose from a range of tenors, ranging from 1 month to 36 months, to suit their investment needs and time horizons.
Tax Benefits: Senior citizens are entitled to tax benefits on fixed deposits, further enhancing their returns.
Eligibility Criteria
To avail the special fixed deposit rates for senior citizens, individuals must be:
- Malaysian citizens or permanent residents
- Aged 60 years and above
- Maintaining a Maybank account
How to Apply
Senior citizens can open a fixed deposit account at any Maybank branch or through Maybank’s online banking platform. The application process is simple and straightforward.
Conclusion
Maybank’s fixed deposit rates for senior citizens offer a secure and attractive way to grow savings. By taking advantage of these competitive rates, senior citizens can meet their financial goals and secure a comfortable future.
