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No, the interest received from deposits with approved banks or licensed finance companies in Singapore is not taxable.

  • Depositing Your Money with a Time Deposit System Time deposit system, also called as fixed deposit, is feature offered by banks or other non-bank financial institutions to save your money with certain tenure and higher interest rates, if compared with regular saving account.

  • If you are their priority banking customer, you can get a preferential rate of 0.

  • Maybank SaveUp Account Up to 3.




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