Maybank offers dollar time deposit

MANILA, Philippines - To provide an alternative investment product for client’s dollar funds, Maybank Philippines Inc. (MPI) now offers the ADDvantage Advance time deposit product in US dollar currency. With just a minimum placement of $3,000 for a one-year term, clients get to enjoy get to enjoy a guaranteed fixed interest rates ranging from 1.75 percent to 2.75 percent per annum depending on the amount of placements.

What’s more, the interest earnings of the client’s investment is credited instantly to their existing Maybank dollar savings account. Clients can now take advantage of getting their investment earnings in advance. As an added bonus, all documents stamp taxes are waived, thus giving clients more earnings from their placements.

The dollar ADDvantage Advance is available to both individuals and corporations. For further inquiries on the product, please visit any of the 50 Maybank branches strategically located within the country or call (02) 238-4407 or email at [email protected].

Maybank Philippines is a member of the Maybank Group, Malaysia’s largest and leading financial services provider, with presence in 14 countries worldwide, including key cities such as Hong Kong, Shanghai, New York, London and Singapore. Maybank Group is backed by over $100 billion in group assets, and is currently ranked fourth among South East Asia’s top banks.