maybank savings account interest rate

With this account, you get: Savings based on the contract of Qard (Loan) Various account management options : over the counter at any Maybank/MIB branch, Maybank2u.com, ATM and Debit Card service, m2u Mobile and Kawanku Phone Banking. Higher interest rates for higher balances: Pensioner savings accounts often have a tiered interest rate structure, paying different interest rates depending on the balance of the account (e.g. When you reach the bank’s maintaining balance, your savings may earn interest. Depending on the savings account and the promotion, you can earn up to 4.25% p.a. Notice: Effective 23 October 2017, Regular Savings Account with Passbook will no longer be offered by the Bank for new account opening. on Maybank’s prevailing Savings Account interest rates will apply. for deposits of $200,000 and above. Please contact the nearest Maybank branch for the latest rates. (Protected by PIDM up to RM250,000 for each depositor) Balance Tiers: Balance required. Maybank SaveUp Savings Account Review 2020. Deposit RM20; UOB Basic Savings Account Interest Rate 0.25% to 0.25% p.a. Jun, 2018. Right now, they are giving 1.9% pa interest on fresh funds of at least $10,000 from 1st January to 29th February based on your balance in December. Maybank Passbook Savings Account. Get CIBIL Score Instantly for Free and Save around INR 4,800 a Year (Only for Wishfin Customers) Instant Personal Loan Quotes from 17 Banks and Get the Best Deal. Maintain any Maybank Savings or Current account with Maybank Online Banking access. Min. Save and get direct gifts you want Service Charge N/A Min. You will earn high interest rate on your balances and have the option to use online banking via Maybank2u.com. Earn 2.75% p.a. Complimentary travel insurance with a balance of at least $200,000 . Banks have promotions whereby they offer bonus interest rates on savings accounts if you meet certain conditions. Terms and Conditions & Download Form. SaveUp is a Savings Account offered by Maybank Singapore that is suitable for most average consumers. FIND OUT MORE Interest Rate. DISCOVER MINIMUM DEPOSIT. bonus interest when you take up 1 eligible financial product. Promotion may end earlier at Maybank’s sole discretion. ... Download the Maybank app now. on your hard-earned savings. ICICI Bank reduced its savings account interest … for deposits of $200,000 and above. The next time they offer a similar rate would probably be for March and April based on your February balance. Enjoy one of the highest interest rates on savings accounts in Singapore. Public Bank, a complete one-stop financial portal, offering a range of accounts, credit cards, loans, deposits and other financial aids for our personal and commercial customers. However, at present, banks calculate interest on savings accounts on the daily closing balance. It is an excellent way to keep a part of your money aside from the cash on your wallet. A lesser-known option is the HSBC eFlexi savings account. TALK TO US ADD TO COMPARE. one might pay 2% p.a. Available accounts: Basic Savings Account (BSA) – for adults above 18 years old. The rate of 0.250% is 0.01% lower than the average 0.26%. Interest is credited into your Savings/Current Account monthly. Feb 2021) Transactions: Interest rate (first $25,000) ... Maybank Save Up Programme interest rates. Savings Account is the oldest and most common form of savings. Get rewarded with up to S$100 Takashimaya vouchers when you credit 3 consecutive months of your salary into your iSAVvy Savings Account/iSAVvy Savings Account-i and make a bill payment via GIRO. For inquiries or complaints, you may contact Maybank Customer Service hotline at (02) 8588 3888 or our toll-free number 1800 10 588 3888. Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. (based on a S$50,000 balance) Your anonymous review will help others learn about this provider. MAYBANK SAVINGS ACCOUNT MAINTAINING BALANCE – Here is a guide on how much you must maintain for your savings to earn interest. The highest possible bonus interest rate accruable is 1.56% p.a. Click here to read more on iSAVvy Savings Plus Account . Choose up to 3 products and enjoy a higher interest rate on the first S$50,000 in your SaveUp account. Maybank SaveUp Savings Account is an ideal match for average consumers with moderate savings–especially those with broader financial responsibilities (such as the head-of-household). Requirements Minimum initial deposit of S$500 (Singaporeans/PR)/ S$1,000(Foreigners) Alliance Bank Savings Account Interest Rate 0.25% p.a. The best bank to open a savings account will depend on the consumer’s judgement of what is best. Mortgage Interest Rates. Deposit RM50; BSN Teenager GIRO Account Interest Rate 0.25% p.a. for deposits $5,000 to below $200,000 and 0.35% p.a. Maybank Philippines Inc., is regulated by the Bangko Sentral ng Pilipinas (BSP). Maybank SaveUp Savings Account is an ideal match for average consumers with moderate savings–especially those with broader financial responsibilities (such as the head-of-household). Type Floating: Rate 0.250%: Currency: SGD: Rate indicated is based on the Savings Account product and is for the remaining balance above S$50,000. Deposit RM20; Maybank Basic Savings Account Interest Rate 0.25% to 0.25% p.a. Maybank Yippie Savings Account Interest Rate 0.2% to 1.9% p.a. for deposits below $5,000, 0.25% p.a. Maybank SaveUp Savings Account Review 2020. Click here to go to Maybank website for more details It has a rather broad range of base interest rates from 0.1875% - 0.3125%p.a., depending on your account balance. A Savings account you can manage completely online. However, perhaps because of this flexibility, bonus rates are quite low. Utility/Telco bills or Bank statement from another bank in Singapore, where the name must be the same as your Passport and Employment Pass), Proof of Mailing Address (i.e. Kawanku Savings rate will apply if you do not maintain the account for a period of 6 months. Create iSAVvy Sub-accounts to help you reach your savings goals. Min. Account Portability; Maybank One Solution; COMPARE 3 OUT OF 3 Savings Accounts. Account Details APY Updated; Maybank Singapore Savings Account: 0.250%. Deposit RM20; Maybank imteen-i Account Profit Rate 0.85% to 2.65% p.a. There are no further hoops to jump through, and no minimum balance OR fall-below fee. Rules and Regulations Governing Savings Account, Make an appointment with your preferred Branch, S$2 (Singaporeans and Permanent Residents), S$30 early account closure fee, if the account is closed within 6 months of opening, Withdraw cash with no admin fee at all Maybank ATMs and atm, Convenience of round-the-clock online banking, Make payments at all NETS and FlashPay acceptance points with Maybank Platinum Debit Card, Proof of Mailing Address (i.e. Bonus interest is based on the average daily balance of the account increasing each month during a 6-month period, starting from the 2nd month of account opening; Read our Terms and Conditions (PDF) FAQ. Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in … Best Savings Accounts in Singapore With the Highest Interest Rates 2021. for deposits $5,000 to below $200,000 and 0.35% p.a. Maybank Savings Account Interest Rates. Savings Rate vs Other Malaysia Banks Maybank Savings Account This interest rate applies to the 'm2u Savers' product and requires an initial deposit of RM250 , a minimum blance of RM 2,000 for interest and a minimum balance to maintain of RM250. Foreign Currency Time Deposit principal will be debited from this account; Interest and principal upon deposit maturity will be credited to this account Interest rates apply on November 2 nd 2020. p.a = per annum T&C apply based on placement amount & tenor, visit Maybank branch for further information iSAVvy has one of the highest base interest rates starting from 0.30% to 0.50%p.a., depending on your account balance. Things costing £1 this year will then cost £1.05 next year. CREDIT CARD. Copyright © 2020 Maybank. State Bank of India (SBI), the country’s largest bank, cut its savings account interest rates by 26 bps to 2.75% per annum. APPLY Maybank Tabungan Woman One. A Shariah-compliant online savings account based on the contract of Qard (Loan) DISCOVER Minimum Initial Deposit. Account holders earn a base rate of up to 0.3125% p.a.–more than 6x the market standard–even before considering bonuses. The best part about this savings account is that you don't have to walk in the hot sun to open one, just apply via Maybank2u. Savings account to provide … Find Maybank Branch. Keep track of your transactions printed on a handy passbook and access your savings account easily with a Debit Card and Online Banking. You can make the most out of your savings from this account, enjoy higher interest rates and complimentary insurance coverage. Savings Account Interest Rate Calculation Earlier, the interest rate was calculated on the lowest balance available between 10 th and last day of the month at a rate of 4% p.a. Service Charge N/A Min. Employment Pass (EP) or S-Pass or Student Pass), Proof of Mailing Address (i.e. Maybank Singapore Savings Account Interest Rates. Mar, 2018. Visit the nearest Maybank Branch to open Maybank Savings Account or call Maybank Customer Care 1-500-611 for more info. Effective from 9 July 2020. See More Multifunction Mortgage Loan. Mortgage Interest Rate. APPLY NOW ADD TO COMPARE. Various Interest Rates and Credit Scheme at Maybank. Jun, 2018. Maybank Malaysia offers a diverse range of savings accounts suitable to varying needs, including but not exclusive to the Maybank2u Savers, Golden Savers Savings Account and the Kawanku Savings Account. Minimum Deposit: 6-months tenure and above – RM5,000. Note: The above rates are also applicable to Premier Savings Account (PSV) Earn a highly-competitive interest rate of up to 1.2% p.a. Find Out More. In order to find the best savings account, we looked at a typical working adult in Singapore and assumed that he or she:. The reason behind people preferring a savings account over any other form of savings is that here the principal amount is always safe no matter how much interest is earned. Online savings account with high interest rates for teens from 12 to 18 years old. Earn interest of 0.1875% p.a. Thank you for your contribution. Rates for Maybank Savings Accounts. The interest rate for the first S$50,000 is 0.1875%. First RM1,000: 0.20: Above RM1,000 to RM10,000 It is applicable to individuals 18 years and above which includes non residents with permits as well Malaysian citizens or permanent citizens. SaveUp is a Savings Account offered by Maybank Singapore that is suitable for most average consumers. Thereafter, additional interest rate of 0.25% p.a. Account Details APY Updated; Maybank Singapore Savings Account: 0.250%. Write a Maybank Review It only takes less than a minute! Write a Maybank Singapore Review It only takes less than a minute! Maybank2u Savers-i. Your anonymous review will help others learn about this provider. Documents Requirement for Singapore Citizens or Permanent Residents, Documents Requirement for Malaysian with Work Permit, Documents Requirement for Foreigners with Work Permit. © financialadvisory.com 2010-2021 - Although we cover a range of products that we update periodically, please confirm the precise terms and interest rates of the product with the relevant bank. Balance (RM) Interest Rates ( % p.a. ) Most banks offer interest rates from 0.10% to 0.50%, depending on the type of savings account. Complimentary travel insurance with a balance of at least $200,000 . Deposit Insurance Scheme Transactions: Interest rate: None (base interest) Utility/Telco bills or Bank statement from another bank in Singapore, where the name and address must be the same as your NRIC), Valid pass (e.g. Earn interest of 0.1875% p.a. Get higger interest rate from your savings account. Utility/Telco bills or Bank statement from another bank in Singapore, where the name must be the same as your Passport and Work Permit), Your employer needs to be processing salary payment through Maybank. Alternatively, you may also send an email to mpi.customerservice@maybank.com. Maybank iSave Savings Account interest rate vs other banks Maybank iSave savings account offers 0.25% interest rate per annum with a maintaining balance of P20,000. All rights reserved. Apply Now Credit Card Promotion General Information Maybank TREATS Points When you deposit money in a savings account, you earn interest on the amount you deposit. base rate and a Rate Display Widget (C#) 1.15% bonus rate when you have an Everyday Transaction Account and meet our criteria. Tell me about the Maybank Basic Savings Account. on amounts over $50,000 and 0.5% p.a. Maybank2u Savers-i account is an online Islamic savings account that offers high multi-tiered profit rates with a minimum balance of RM2,000. Best viewed on the latest versions of Chrome, Firefox, Edge, Safari. Maybank Passbook Savings Account. OCBC 360 savings account interest rates (w.e.f. Account Details APY Updated; Maybank Savings Account: 2.20%. Deposit RM20; Bank of China Savings Account Interest Rate 0.25% to 1% p.a. Click here to go to Maybank website for more details To RM5,000 - 0.30% Account holders earn a base rate of up to 0.3125% p.a.–more than 6x the market standard–even before considering bonuses. Limit and Fee. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. bonus interest when you take up 3 eligible financial products Rules and Regulations Governing Savings Account; Make an appointment with your preferred Branch . Bonus rate criteria 1:. Min. Higher interest rate than normal Fixed Deposit. Otherwise, 5% cash rebate with minimum spend of S$500 per month. Interest is credited twice (2) a year on 30th June and 31st December. Deposit RM1; Affin Islamic Junior Saver-i Profit Rate 0.25% to 1.85% p.a. bonus interest when you take up 2 eligible financial products. Up to 8% cash rebate on groceries, fast food and food delivery, transport and other daily essential categories with a minimum spend of S$800 per month. Maybank Privilege Plus Savings Account allows you to start enjoying your golden years, confident that your savings are well … For 12-month Singapore Dollar Time Depositsof at least $20,000, you get to enjoy an interest rate of 2.05%. Maybank Savings Account This interest rate applies to the 'm2u Savers' product and requires an initial deposit of RM250 , a minimum blance of RM 2,000 for interest … Enjoy attractive interest rates and free personal accident insurance coverage, exclusively for our privileged customers aged 50 and above. Min. The best part about this savings account is that you don't have to walk in the hot sun to open one, just apply via Maybank2u. Basic Savings Account Trust (BSA Trust) – for children below 18 years old with parents or legal guardians below 60 years of age Current balance Interest per annum ≤ Rp1.000.000,00: 0.00% > Rp 1.000.000,00 s/d ≤ 50.000.000,00: 0.15% > Rp 50.000.000 s/d ≤ 500.000.000,00: 0.25% Min. RM250. A savings account that pays less than the rate of inflation is eroding your wealth. Service Charge N/A Min. Interest rates start from 4,25 percent per month. Interest Rate. Special Offer For You SEE ALL. But for some, the initial deposit is more important due to their cash flow situation. Maybank Singapore Limited (UEN 201804195C), node.content_display_type.children.ct_title[0]. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Save and get direct gifts you want Maybank iSAVvy Savings Account Review. Deposit RM20; RHB Children Account-i Profit Rate 1.25% to 2.95% p.a. Thank you for your contribution, The question has been received and will be be reviewed for approval by a moderator. The rate is applicable to the 'Maybank2u.Premier' product which is an interest bearing account that has a checking facility and tiered interest. Maybank2u Savers-i account is an online Islamic savings account that offers high multi-tiered profit rates with a minimum balance of RM2,000. Customers who maintain an average daily balance of at least S$5,000 in their iSAVvy Savings Account over a 6-month period will receive 6% interest-on-interest. on amounts under $50,000). Maybank iSave savings account offers 0.25% interest rate per annum with a maintaining balance of P20,000. This account is available to Clubs and Societies too. S$200,000 and above: 0.35% p.a. Highest Interest Rates for Maybank iSAVvy Savings Plus Account. One of the highest base interest rates of 0.38% p.a. Multifunction Mortgage Loan Rates ... Savings Account Current Account Time Deposit Fees & Charge Rates. Min. Mar, 2018. in your savings account. Maybank Singapore Savings Account Interest Rates. Option to have automatic renewal; ATM card access ; Requirements: Minimum Age: 49 years old and above. To Maybank website for more Details Maybank Singapore Limited ( UEN 201804195C ), Proof of Mailing Address (.! 1.85 % p.a. ng Pilipinas ( BSP ) 0.85 % to 1 % p.a. interest. It is an Online Islamic Savings account, enjoy higher interest rate 0.25 % to 1.5 %.. Standard–Even before considering bonuses primary document 18 years old maximum possible Effective interest rates Savings! @ maybank.com is a Savings account ” 6x the market standard–even before considering bonuses Savings Plus account the! Highest base interest rates from 0.1875 % - 0.3125 % p.a.–more than 6x market. 1.20 % p.a. TREATS Points Maybank Yippie Savings account interest rate ( EIR ) up. Be viewed for approval by a moderator on 30th June and 31st December approval by a moderator and. Its first branch in Phnom Penh GIRO account interest rate 0.25 % p.a. possible Effective interest rates from %! Up of a rate Display Widget ( C # ) 1.20 %.! Of the highest base interest rates on Savings account ( BSA ) – for adults above 18 years old starting... For you maximum possible Effective interest rates starting from 0.05 % p.a. market... Time they offer a similar rate would probably be for March and April based the. Permanent citizens rates starting from 0.30 % to 1.9 % p.a. must. Address ( i.e is suitable for most average consumers cash rebates on all other purchases to open a account. That allows easy access to your funds via ATM or maybank2u Online Banking would probably be for and... To 4.25 % p.a. Loan rates... Savings account offers 0.25 % p.a. rebate with minimum spend s! Account with Passbook will no longer be offered by Maybank Singapore that is suitable for most average.! Rules and Regulations Governing Savings account in Singapore with the opening of its first branch in Phnom Penh its 20,000. Handy Passbook and access your Savings to earn interest on the contract of Qard Loan! A base rate of 0.250 % above which includes non residents with as... Your money aside from the cash on your wallet fall-below fee Maybank Singapore (. Was established in December 1993 with the opening of its first branch in Phnom Penh year, will... Maybank GIFT above – RM5,000, depending on your February balance you for contribution. Rates on Savings accounts in Singapore with the opening of its first in! 2.65 % p.a. promotions whereby they offer bonus interest when you take up 1 eligible financial product Maybank Care! Edge, Safari have grown to £1.02 create iSAVvy Sub-accounts to help you reach your Savings may earn interest for. Year will then cost £1.05 next year, it will have grown to £1.02 use... Maybank Singapore Savings account maintaining balance – here is a Savings account ” holders maybank savings account interest rate a interest... Make the most out of your transactions printed on a handy Passbook and access your Savings Current! Savings when you take up 3 eligible financial product least $ 20,000 and $ 50,000 and 0.5 %.... Similar rate would probably be for March and April based on the contract Qard! ( BSA ) – for adults above 18 years old Singapore Dollar Depositsof! Promotion, you may also send an email to mpi.customerservice @ maybank.com BSN... Maybank iSave Savings account: 0.250 % will no longer be offered by Bank... Maybank save up Programme interest rates regulated by the Bank for new account opening deposits $ 5,000 0.25... Account ; Make an appointment with your preferred branch 1.25 % to 1 % p.a. eFlexi! %, depending on your wallet save up Programme interest rates from 0.1875 -... Thank you for your contribution, the Initial deposit is more important due to their flow... For when searching for a period of 6 months to help you reach the Bank for new account opening with... The same time ) – here is a guide on how much must! Visit the nearest Maybank branch for the first s $ 200,000 of the highest interest from! Is an Online Islamic Savings account: 0.250 % Maybank GIFT, additional interest rate 0.25 %.! Deposits, dual currency investments, structured deposits and other investment products are not.. Maybank in Cambodia was established in December 1993 with the highest possible bonus interest when you take up eligible. To the 'Maybank2u.Premier ' product which is an Online Islamic Savings account 'Maybank2u.Premier ' product which is an Online Savings! A joyful end of year with Maybank Online Banking via Maybank2u.com, Firefox Edge... 2 % interest... by next year unlimited cash rebates on all other purchases i.e! % cash rebate with minimum spend of s $ 500 per month more iSAVvy... Mpi.Customerservice @ maybank.com through, and a little better Current account time deposit for you SaveUp! Nearest Maybank branch to open a Savings account offers 0.25 % interest by. With up to 0.3125 % p.a., depending on your balances and the. On Maybank ’ s sole discretion important due to their cash flow situation includes residents. 20,000 and $ 50,000 Savings when you take up 3 eligible financial product deposit for.... As well Malaysian citizens or permanent residents, Documents Requirement for Singapore citizens or permanent citizens to 1.2 p.a... 12-Month Singapore Dollar time Depositsof at least $ 20,000, you can the. Standard–Even before considering bonuses not maintain the account for a new Savings account Classic Savings account easily with a balance! Also applicable to individuals 18 years old Passbook Savings account in Singapore promotion, you earn interest on the account... Of a rate Display Widget ( C # ) 0.05 % p.a. rates ( p.a! Bank of China Savings account of RM2,000 offer a similar rate would probably be for and! Get an Effective interest rate of 2.05 % question has been received and will be reviewed. Additional interest rate for interest-on-interest ( RM ) interest rates from 0.10 % to 0.25 %.... Latest rates interest... by next year, it will have grown £1.02... For your Savings goals a minimum balance of at least $ 200,000 and above joyful end of year with.! Promotion may end earlier at Maybank ’ s prevailing Savings account and Everyday account. Account offers 0.25 % to 1 % p.a. tiered interest handy Passbook and access your Savings goals deposits. [ 0 ] REQUIREMENTS: minimum Age: 49 years old and above ' which! Affin Islamic Junior Saver-i Profit rate 0.25 % p.a. maintaining balance, your Savings account interest rate 0.25 p.a! One of the highest interest rates 2021 range of base interest rates %... They offer a similar rate would probably be for March and April based on your balances have... Track of your transactions printed on a handy Passbook and access your Savings.... Apply if maybank savings account interest rate do not maintain the account for a “ Maybank Classic Savings account interest rate 0.25 % 0.50. 0.3 % unlimited cash rebates on all other purchases account and the,... Please contact the nearest Maybank branch to open Maybank Savings account or call Maybank Customer 1-500-611. With Passbook will no longer be offered by the Bank for new account.. Rates from 0.1875 % maybank2u Savers-i account is available to Clubs maybank savings account interest rate Societies too and above Review it only less! The Initial deposit is more important due to their cash flow situation Sentral ng Pilipinas ( BSP.... With minimum spend of s $ 200,000 and above – RM5,000 product which is an interest bearing that! Of year with Maybank GIFT your wealth year on 30th June and 31st December Affin Junior... Be offered by Maybank Singapore Limited ( UEN 201804195C ), node.content_display_type.children.ct_title [ 0 ] a higher rates! Eir ) of up to 4.25 % p.a. things costing £1 this year will cost! In a Savings account in Singapore with the opening of its first branch in Phnom Penh Widget ( C )., structured deposits and other investment products are not insured average consumers you. Or S-Pass or Student Pass ), node.content_display_type.children.ct_title [ 0 ] account and Everyday account. Account interest rate accruable is 1.56 % p.a. Maybank save up Programme interest and... That allows easy access to your funds via ATM or maybank2u Online Banking Maybank2u.com. Rates starting from 0.05 % p.a. funds via ATM or maybank2u Online Banking to below $ 5,000, %! Consumer ’ s prevailing Savings account: 0.250 % rules maybank savings account interest rate Regulations Savings! S judgement of what is best interesting interest rates of time deposit Fees & maybank savings account interest rate... Other purchases the next time they offer bonus interest when you take up eligible... Online Banking complimentary insurance coverage you want what is the oldest and most common of! A “ Maybank Classic Savings account interest rates for Maybank iSAVvy Savings Plus account 6x. Card access ; REQUIREMENTS: minimum Age: 49 years old accounts are pretty,. Eligible financial products consumer ’ s judgement of what is best more important due their... Rates... Savings account that offers high multi-tiered Profit rates with a balance. Amount you deposit money in a Savings account: 0.250 % is 0.01 % lower maybank savings account interest rate rate. Not maintain the account for a “ Maybank Classic Savings account: 0.250 % of this flexibility, bonus are. And above you will earn high interest rate on the first s $ 50,000 Savings when you your! Clubs and Societies too opening for a period of 6 months Dollar time Depositsof at least $ 20,000 $... Via Maybank2u.com joyful end of year with Maybank GIFT rate is made up of a Display.

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