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William Tan

14 Aug 2020

∙

General Investing

Anyone with Maybank islamic time deposit at 2.05% pa for 36 months? I called and was told all interest earned for 36 months will be credited on next business day. Is this principal guaranteed?

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Gabriel

14 Aug 2020

Undergraduate at National University of Singapore

Hey William, yes both the principal and returns are guaranteed. Similar to bank accounts, it is also insured by the Singapore Deposit Insurance Corporation, for up to S$75,000.

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