MAXSAVE ACCOUNT

It is important to know the following fees and charges involved with your MaxSave Time Deposit Account (TD) if you meet the following conditions:

Completed TD Contract: 

• Withholding Tax (WHT): Interest earned will be subject to 20% WHT 

Cancelled TD Contract (beyond cooling-off period):

• Withholding Tax (WHT): Interest earned will be subject to 20% WHT

• Documentary Stamp Tax (DST) Fee: Customer will shoulder DST Fee 

• Term is <1 year = term in days / 365 * 1.5 / 200 * principal amount

• Term is >1 year = 1.5 / 200 * principal amount

• Pre-Termination Fee: deducted from the gross interest amount earned

• Cancelled first half of tenure: 50% of gross interest amount earned 

• Cancelled second half of tenure: 25% of gross interest amount earned