Maybank’s Islamic banking arm is ranked as the top Islamic bank in Asia Pacific and fifth in the world in terms of assets. Singapore Savings Bonds (SSB) Interest rates: Ranges from 0.3% to 1.3% p.a. 0.5% p.a. Access to banking products such as endowment plans, retirement plans, structured deposits and unit trusts. 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. For existing Maybank customers, your Debit Card will be automatically linked to Maybank2u Savers-i account, whereas there is no fee for the issuance of Debit Card for new-to-bank customers. Earn premium interest rates based on your daily balance with this chequeing account. Preferential interest rate of up to 0.5% p.a. 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. 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. Interest rates start from 4,25 percent per month. Deposit RM20; Maybank Basic Savings Account Interest Rate 0.25% to 0.25% p.a. Bonus interest from fixed deposits in Singapore Dollar Privilege Plus Time Deposit. 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. What type of Maybank current accounts are available? of bonus interest on the first S$80,000 deposit and access up to 14 different currencies with this account. What are the types of savings programmes offered by Maybank? This fee-free starter account offers 4x higher interest than regular savings accounts and a customisable debit card. 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. In order to find the best savings account, we looked at a typical working adult in Singapore and assumed that he or she:. Rates for Maybank Current Accounts. Reward Yourself Now. Enjoy 1.45% p.a. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. When she’s not busy typing away, she’s reading and musing over a pint. Maybank2u Savers-i account is an online Islamic savings account that offers high multi-tiered profit rates with a minimum balance of RM2,000. This review will cover the types of accounts offered by Maybank in Singapore, including the features and fees involved. 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. 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. Minors aged 16 and below can also have joint accounts with their parents. Mar, 2018. Other than that, you will need to deposit a minimum of RM250 into your new Maybank2u Savers-i account. Write a Maybank Review It only takes less than a minute! Min. Enjoy more rewards and learn about latest insights for your financial growth This savings account offer up attractive step-up balance up to0.13% p.a. Promotion may end earlier at Maybank’s sole discretion. This non-interest bearing Renminbi denominated current account facilitates RMB transactions, including remittance and cash withdrawal. Requirements Apply now and get FairPrice e-vouchers. ... (“CASA Account”). Maybank offers two range of deposit accounts – Conventional banking and Islamic Banking. 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. 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. on Maybank Privilege Plus Savings Account Bonus interest from fixed deposits in Singapore Dollar Privilege Plus Time Deposit. What features come with Maybank current accounts? Passbookless - save printing cost and tree cutting via Maybank2u internet banking, where you can check your statement, perform fund transfers, pay bills etc; m2u mobile apps installed to your smartphone for those who are always on-the-go; Kawanku Phone Banking for more secured and personalized experience; Maybankard Debit Card for unlimited cash withdrawals and payment of goods and services (some say it's better than paying with cash! Deposit Insurance Scheme Instead of paying interest, borrowers are required to give the Islamic bank a share of their profits through equity participation. Privilege Plus Savings Account Enjoy attractive interest rates and free personal accident insurance coverage, exclusively for our privileged customers aged 50 and above. Bhd. Deposit RM1; Affin Islamic Junior Saver-i Profit Rate 0.25% to 1.85% p.a. Benefit from competitive interest rates and chequing facility offered by this account. Min. Maybank Privilege Plus Savings Account allows you to start enjoying your golden years, confident that your savings are well protected and well rewarded. *Privilege Savings Account and Super Salary-i are protected by PIDM up to RM250,000 for each depositor. Click here to read more on iSAVvy Savings Plus 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. Access and transact in 11 different currencies with this non-interest bearing chequeing account. Once you have successfully applied for a Maybank bank account, you can apply for iBanking through the Maybank2u SG mobile app. Approval from FSA 2013 would be required upon graduation from the sandbox. Offers privileged customers attractive interest rates of up to 0.35% 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. Unlock up to 2.88% p.a. Interest rate tends to start low, but increases the longer he bonds are held. If you are unsure you should get independent advice before you apply for any product or commit to any plan. Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. on the first $50,000 in your account. Min. The monthly fee is 2 SGD and is waivable if the customer has a 1,000 SGD min avg daily balance. Save on FX fees when you travel overseas or shop online as this account supports 10 foreign currencies. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Maybank shall have the right and without prior notice to convert the Client's Prestige Savings Account to iSAVvy Savings Account for any reason including the Client's failure to meet the eligibility and qualifying criteria of the Prestige Savings Account at any time. Back EzyPay Plus 0% for 12 months Promotion Convert any Maybank Credit Card purchases of minimum RM1,000 into a 12-month instalment plan at 0% per annum interest rate / management charge. Enjoy one of the highest interest rates on savings account in Singapore. You may also earn cashback on selected expenses or category spend. If you want to enjoy unlimited withdrawals all year long, you can pay an annual fee of RM8. For instance, a Maybank iSAVvy Savings Account has features that differ from those offered by a Maybank SaveUp account. Ranges from 0.27% to 1.64% p.a. You can make the most out of your savings from this account, enjoy higher interest rates and complimentary insurance coverage. Enjoy preferential rates on your SGD deposits* from now till 29 January 2021. Min. 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. With a focus on ease and convenience, this account allows you to perform banking transactions without breaking a sweat. Does Maybank accounts offers any rewards or incentives? The Maybank SaveUp Programme is a tiered bonus interest programme that allows you to earn additional interest on top of a base interest when you spend on other Maybank products. Deposit RM1; Maybank Yippie Savings Account Interest Rate 0.2% to 1.9% p.a. Haven't received my message yet? Maybank accounts come with varying features depending on the type of account involved. While we are independent, we may receive compensation from our partners for featured placement of their products or services. While. Finding a good savings account in Singapore isn’t always about the fees involved or the ease of signing up. Maybank offers interesting interest rates of time deposit for you. Clients with existing UOB Privilege Accounts are also eligible for the promotional interest rates on Fresh Funds of S$200,000 or more deposited. on Maybank’s prevailing Savings Account interest rates will apply. Complimentary personal accident insurance coverage for customers aged between 50 and 70 years old who maintain at least $30,000 account balance. 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. All rights reserved. Confirm details with the provider you're interested in before making a decision. The eligibility and qualifying criteria of the Prestige Savings Account shall be determined at the absolute discretion of Maybank. Qualifying products include car loans, education loans, home loans, renovation loans, insurance, investments, and credit card expenses. This multi-currency account offers a wide range of banking features and supports 11 global currencies, including USD and RMB. Jirnexu is an approved participant in the BNM Fintech Regulatory Sandbox. Rates for Maybank Savings Accounts. Voila! Min. 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. Earn competitive profit rates with this Shariah-compliant account with both checking and savings facilities. Min. 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. Maybank shall have the right and without prior notice to convert the Client's Prestige Savings Account to iSAVvy Savings Account for any reason including the Client's failure to meet the eligibility and qualifying criteria of the Prestige Savings Account at any time. Account Details APY Updated; Maybank Savings Account: 2.20%. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. S$500 (Singaporeans/PR)/ S$1,000 (Foreigners) Rewards & Insights. This all-in-one statement-based account comes with competitive interest rates and chequeing facilities. I'll need to ask you a few more questions to complete your application. Exclusive deals and privileges on the Maybank Platinum Debit Card and Maybank Family & Friends Card. Zyane Tan is an associate editor at Finder. Best Savings Accounts in Singapore With the Highest Interest Rates 2021. on 12 months SGD Time Deposit with a minimum placement of $20,000 in a Maybank Singapore Dollar Time Deposit account and a minimum deposit of $2,000 into a Maybank Passbook Savings, Privilege Plus Savings or Maybank SaveUp Account . Maybank Passbook Savings Account. Finder is committed to editorial independence. The client can also withdraw funds using the Maybank Platinum Debit Card or ATM card. Minimum opening deposit . Each Maybank account caters to a different banking need. Grow your wealth and earn attractive interest rates with this interest-bearing chequeing and savings account. Compare a range of Maybank current accounts in Singapore, Data indicated here is updated Maybank iSAVvy Savings Account Review. 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. 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.! iSAVvy has one of the highest base interest rates starting from 0.30% to 0.50%p.a., depending on your account balance. Learn how we maintain accuracy on our site. I agree to be contacted by RinggitPlus via WhatsApp regarding my application, HSBC Amanah Premier Everyday Global Account-i, HSBC Amanah Advance Everyday Global Account-i, Standard Chartered Just One Personal Account, Standard Chartered Just One Priority Account, Hong Leong Islamic Junior Savings Account-i, BSN GIRO Account: Skim Galakan Simpanan Pelajar, BSN GIRO-i Savings Account-i Skim Galakan Simpanan Pelajar, CIMB Islamic Senior Basic Savings Account-i, Hong Leong Islamic Basic Savings Account-i, Standard Chartered Saadiq Basic Savings Account-i, Bank of Nova Scotia Berhad Basic Saving Account, Hong Leong Islamic Multi-Tier Savings Account-i, Public Bank Young Achiever Savings Account, Best Free Airport Lounge Access Credit Cards, Guide to Buying Your First Insurance Plan. Thank you for banking with us. Limited time offer for new OCBC Card Applicants (valid till 31 December 2020) Get S$50 or S$20 worth of FairPrice e-vouchers when you apply for OCBC Plus!Visa Credit or Debit Card and make 3 transactions on your approved card.. Plus, apply together with Plus!Savings Account to get additional S$50 worth of FairPrice e-vouchers simply by: Enjoy attractive bonus rates when you credit your salary, plus 1% cash rebates on eligible Mastercard spend with this chequeing account. Deposit RM20; RHB Children Account-i Profit Rate 1.25% to 2.95% p.a. Your anonymous review will help others learn about this provider. How will I know which Maybank account is best for me? The interest will be credited into your Maybank Privilege Plus Savings Account. Maybank is the largest financial services group in Malaysia and the fourth largest bank in Southeast Asia by assets. The account you choose will ultimately depend on your Singapore Dollar Time deposit you! 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