The following link explains the problem you are having with your Maytag:
http://www.fixya.com/support/r387833-maytag_washer_squeaking_problem
It is common for the brakes on Maytag top loaders to wear and make noise, as well, as the
snubber. There is a helpful tip that you can try to quieten the noise if it is the
snubber. DO NOT oil it, or lubricate with any
petroleum based products! This will ruin the unit and actually make the problem worse. NOTE: If the
snubber is excessively worn, it was also cause vibration on the spin cycle.
If the brakes are worn, however, you can put a light film of oil on the brake pad. It is common for the pad to collect moisture in humid and damp climates and start to squeak against the brake stator. The brake pad consists of a rotor with a leather edge (pad). The leather can absorb moisture and begin to squeak against the brake stator. Oiling it slightly will get rid of the noise.
Confused? If you have questions, please let me know. I hope you find this information useful.
NOTE: There is a follow-up comment at the bottom of the link I provided from another user. The method this person used to release the tension on the brake can save you from having to purchase the brake release tool.
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