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Maybank SaveUp Account Programme

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Rating: 4 Stars5.0/5.0 (2 Reviews)
Interest RateUp to 3.33% Attribute
Min. Deposit $1,000 Attribute

Last updated on 2023-05-04

Maybank SaveUp Account Programme Review

Pros Pros

Potentially high interest rate

High 3.08% p.a. bonus interest for taking up 3 eligible financial products

Cons Cons

Bonus interest rates subjected to taking up 3 out of 9 financial products condition

Low bonus interest of up to 0.53% for taking up 1 financial product

Low bonus interest of up to 1.17% for taking up 2 financial products

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Deposit Details Maybank SaveUp Account Interest Rates

  Base Interest
First $3k 0.15% p.a.
Next $47k 0.25% p.a.
$50k & above 0.25% p.a.

 

Minimum average daily balance of $1,000

Comes with debit card which is linked to the SaveUp Account and Maybank Online Banking

Earn base interest of 0.15% p.a. for first $3,000 of account balance, 0.25% p.a. on next $47,000 of account balance and 0.25% p.a. on all balances above $50,000

Highest effective interest of 0.246% p.a. for account balance of $75,000

 

Deposit Interest Rates Maybank SaveUp Account Interest Rates Computation

  First $50k Next $25k Effective Rate
Base Interest 0.244% p.a. 0.25% p.a. 0.246% p.a.
1st Financial Product 0.30% p.a. 1.00% p.a. 0.53% p.a.
2nd Financial Product 1.00% p.a. 1.50% p.a. 1.17% p.a.
3rd Financial Product 2.75% p.a. 3.75% p.a. 3.08% p.a.
Total 2.99% p.a. 4.00% p.a. 3.33% p.a.

 

Get an effective interest rates of up to 3.33% p.a. (3.08% + 0.246%) on your first $75,000 savings when you take up 3 eligible financial products with Maybank (Effective from 1 Jun 2023)

Earn up to 0.53% p.a. bonus interest when you take up 1 eligible financial product

Earn up to 1.17% p.a. bonus interest when you take up 2 eligible financial products

Earn up to 3.08% p.a. bonus interest when you take up 3 eligible financial products

 

Eligible Maybank financial products include

Bonus Interest for 1 Month

Salary Credit (min $2,000 a month) or Outward GIRO (min $300 a month)

Spend $500 on Maybank Platinum Visa Card or Maybank Horizon Visa Signature Card

 

Bonus Interest for 3 Months

Structured Deposits (min. $30,000)

 

Bonus Interest for 12 Months

Education Loan (min $10,000)

Renovation Loan (min $10,000)

Home Loan (min $200,000)

Life Insurance (min $5,000)

Unit Trust Lump Sum Investment (min. $25,000)

Car Loan (min $35,000)

 

Click here to go to Maybank website for more details about SaveUp Account

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2 Reviews
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Rating:
5.0/5.0 (2)
5.0/5.0 (2)
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Maybank SaveUp Account Programme Review

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