What features come with Maybank current accounts? Welcome vouchers and birthday-month perks. 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 aggregate per depositor per Scheme member by law. Benefit from competitive interest rates and chequing facility offered by this account. Of course, there are certain conditions that need to be met to “unlock” the high interest, but there are also some savings accounts that easily offer more than 10 times the interest of a basic savings account. Enjoy preferential rates on your SGD deposits* from now till 29 January 2021. Maybank Passbook Savings Account. CIMB StarSaver Account isn't available on Finder right now. Click here to go to Maybank website for more details about the bundle deposit promotion Maybank iSAVvy Savings Account Review. Open a UOB Privilege Account today and deposit Fresh Funds of S$350,000 or more to earn returns of up to 0.55% p.a.*. With a focus on ease and convenience, this account allows you to perform banking transactions without breaking a sweat. The eligibility and qualifying criteria of the Prestige Savings Account shall be determined at the absolute discretion of Maybank. While specific eligibility criteria may vary depending on the specific Maybank card you’re applying for, here are the general requirements: Make sure you have the following information and documents ready when you apply: Individuals 18 years or older can open their own accounts, while 15 to 17-year-olds may open accounts under the guidance of their parents or guardians. An interest-bearing checking account with competitive interest rates. Thereafter, additional interest rate of 0.25% p.a. Preferential interest rate of up to 0.5% p.a. iSAVvy Savings Account Life is full of choices; if you want to perform over-the-counter (OTC) transactions instead of going digital, it will be subject to a fee of RM5. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. All you need is RM250 as an initial deposit, transferred from your existing Maybank account, third party or IBG, and expect a notification message or SMS on your successful m2u Savers-i application. Once you have successfully applied for a Maybank bank account, you can apply for iBanking through the Maybank2u SG mobile app. First RM1,000: 0.20: Above RM1,000 to RM10,000 Optional, only if you want us to follow up with you. While. Promotion may end earlier at Maybank’s sole discretion. iSAVvy Savings Account; iSAVvy Savings Account-i; iSAVvy Savings Plus Account; Prestige Savings Account; Privilege Plus Savings Account; Click here for FAQ. on their savings and at the same time, protects them with free personal accident insurance coverage Applicable for customers that are minimum 50 years of age Free personal accident insurance coverage with minimum balance of $30,000 Accidental medical reimbursement benefit Find out which Maybank account best suits your needs: We update our data regularly, but information can change between updates. Privilege Plus Savings Account. Benefits 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. Next S$47,000 = 0.6875% p.a. PayNow. 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. regularly, Maybank Foreign Currrency Current Account, Fee-free cash withdrawals from over 200 ATMs islandwide. Account Details APY Updated; Maybank Savings Account: 2.20%. Deposit RM20; RHB Children Account-i Profit Rate 1.25% to 2.95% p.a. Mar, 2018. Finder is committed to editorial independence. This fee-free starter account offers 4x higher interest than regular savings accounts and a customisable debit card. The account you choose will ultimately depend on your banking needs and financial profile. Min. iSAVvy has one of the highest base interest rates starting from 0.30% to 0.50%p.a., depending on your account balance. Qualifying products include car loans, education loans, home loans, renovation loans, insurance, investments, and credit card expenses. Does Maybank accounts offers any rewards or incentives? Compare a range of current accounts in Singapore. Savings Account Privilege Plus Savings Account. Enjoy attractive interest rates and free personal accident insurance coverage, exclusively for our privileged customers aged 50 and above. Maybank’s Islamic banking arm is ranked as the top Islamic bank in Asia Pacific and fifth in the world in terms of assets. At what age can I open a Maybank bank account? We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker. This savings account offer up attractive step-up balance up to0.13% p.a. interest with Save Up Programme Choose up to 3 products and enjoy a higher interest rate on the first S$50,000 in your SaveUp account. Enjoy one of the highest interest rates on savings account in Singapore. We may also receive compensation if you click on certain links posted on our site. The eligibility and qualifying criteria of the Prestige Savings Account shall be determined at the absolute discretion of Maybank. Ranges from 0.27% to 1.64% p.a. of bonus interest on the first S$80,000 deposit and access up to 14 different currencies with this account. Here are some fee types you might encounter: Islamic banking is a non-interest banking system based on the Sharia law and guided by Islamic economics. 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. We are an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Rewards & Insights. Write a Maybank Review It only takes less than a minute! (Average return of of 0.9% p.a. Voila! The monthly fee is 2 SGD and is waivable if the customer has a 1,000 SGD min avg daily balance. Instead of paying interest, borrowers are required to give the Islamic bank a share of their profits through equity participation. Manage your day-to-day finances with this statement-based chequeing account and enjoy a 3-year waiver on your UOB debit card. Benefit from attractive interest rates and complimentary insurance this savings account catered to customers aged 50 years old and above. S$500 (Singaporeans/PR)/ S$1,000 (Foreigners) Your anonymous review will help others learn about this provider. Deposit RM20; Bank of China Savings Account Interest Rate 0.25% to 1% p.a. Deposit RM1; Hong Leong Bank Junior Savings Account Interest Rate 0% to 1.5% p.a. Maybank Savings Account Interest Rates. The interest will be credited into your Maybank Privilege Plus Savings Account. Unlock higher interest on the first $75,000 of your balance by crediting your salary and spending at least S$500 on an eligible UOB card. However, perhaps because of this flexibility, bonus rates are quite low. How will I know which Maybank account is best for me? What type of Maybank current accounts are available? Complimentary personal accident insurance coverage for customers aged between 50 and 70 years old who maintain at least $30,000 account balance. As it turns out, there are several savings accounts in Malaysia that offer high interest rates — some with up to 6 per cent p.a.! Keep track of your transactions printed on a handy passbook and access your savings account easily with a Debit Card and Online Banking. Deposit RM1; Maybank Yippie Savings Account Interest Rate 0.2% to 1.9% p.a. If you already have an m2u account, you are one foot away from upgrading yourself to this edgy savings account. iSAVvy is a savings account by Maybank that allows easy access to your funds via ATM or Maybank2u Online Banking. Maybank Privilege Plus Savings Account Interest rate Promotional interest rates2 on your Maybank Privilege Plus Savings Account: First S$3,000 = 0.6875% p.a. You will be provided with a number of options to go about your banking needs, such as: Any individuals of 18 years old and above, with valid Identity Card can apply for Maybank2u Savers-i account. Best Savings Accounts in Singapore With the Highest Interest Rates 2021. This account provides free personal accident insurance coverage in addition to attractive interest rates on savings. Min. An experienced copywriter and content creator, Zyane enjoys writing on a wide array of subjects. From 1 December 2020, we will be changing the Savings Account interest/hibah rates for. As an Islamic bank, Maybank offers a wide array of Islamic deposits and financing products as well as potential bonuses in hibah (a word of Arabic origin meaning ‘gift’) that may be distributed at the bank’s discretion. Preferential interest rate of up to 0.5% p.a. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Open WhatsApp now, What you earn based on the amount that you have in your account. In Singapore, it operates as a Qualifying Full Bank (QFB) and provides a range of banking accounts, from bonus interest savings to foreign currency accounts. If you are unsure you should get independent advice before you apply for any product or commit to any plan. All rights reserved. Note: The eligible bonus interest/hibah of 1.50% for Deposit category is for maximum monthly average balance of RM200,000 only. Online savings account with high interest rates for teens from 12 to 18 years old ... (“CASA Account”). *Privilege Savings Account and Super Salary-i are protected by PIDM up to RM250,000 for each depositor. Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. Mar, 2018. Deposit RM1; Affin Islamic Junior Saver-i Profit Rate 0.25% to 1.85% p.a. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. For example, the Maybank SaveUp Account will most likely be the top choice for an individual looking for a high-yield savings account, while a consistent saver would more likely choose the iSAVvy Savings Account for steady, long-term growth. When she’s not busy typing away, she’s reading and musing over a pint. ). Effective from 9 July 2020. You can make the most out of your savings from this account, enjoy higher interest rates and complimentary insurance coverage. While we are independent, we may receive compensation from our partners for featured placement of their products or services. 0.5% p.a. Maybank Current Account: 1.85%. Maybank offers interesting interest rates of time deposit for you. Deposit RM20; Maybank Basic Savings Account Interest Rate 0.25% to 0.25% p.a. CIMB Senior Basic Savings Account Interest Rate 0.25% to 0.45% p.a. Rates for Maybank Savings Accounts. Earn premium interest rates based on your daily balance with this chequeing account. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. This review will cover the types of accounts offered by Maybank in Singapore, including the features and fees involved. Enjoy greater savings with this card that offers one of the highest cash rebates for your daily essentials across Singapore and Malaysia. Maybank is the largest financial services group in Malaysia and the fourth largest bank in Southeast Asia by assets. © 2021 Jirnexu Sdn. The client can also withdraw funds using the Maybank Platinum Debit Card or ATM card. Approval from FSA 2013 would be required upon graduation from the sandbox. Absolutely. For Maybank current account application, you’d need to schedule an appointment with your preferred branch in advance. For instance, a Maybank iSAVvy Savings Account has features that differ from those offered by a Maybank SaveUp account. Before you do so, make sure to meet the eligibility requirements for the specific Maybank account you’re interested in and have all the relevant documents and details you need on hand. Compare a range of Maybank current accounts in Singapore, Data indicated here is updated If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. Savings Band Interest Rates (% p.a.) Clients with existing UOB Privilege Accounts are also eligible for the promotional interest rates on Fresh Funds of S$200,000 or more deposited. Maybank Privilege Plus Savings Account allows you to start enjoying your golden years, confident that your savings are well protected and well rewarded. Minimum opening deposit . 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