| Starts | 1 Nov 2024 (Fri) | Ends | 31 Jan 2025 (Fri) |
|---|---|---|---|
| Location | Maybank |
| We are now on Telegram. Click to join |
Maximise Your Savings with Maybank’s Promotion
Maybank Singapore is currently offering a fresh funds top-up promotion, providing customers with an exceptional opportunity to enhance their savings. With interest rates of up to 3.40% per annum, this promotion is designed to help savers make the most of their deposits. The promotional rates are available until 31 Jan 2025, giving customers a limited but valuable window to increase their earnings.
This lucrative offer features interest rates of up to 3.40% p.a. . The rates have decreased by 0.1% from the the previous round.
To be eligible for these attractive rates, deposits must be made using fresh funds. This means that transfers from existing Maybank accounts or Maybank cheques do not qualify under this promotion.
iSAVvy Savings Account and iSAVvy Savings Account-i
Customers who hold either the iSAVvy Savings Account or the iSAVvy Savings Account-i can take advantage of special bonus rates applied to their Incremental Average Daily Balance (ADB). The bonus interest rates are structured as follows:
| Incremental Average Daily Balance (ADB) (S$) | Base Rates (% p.a.) | Bonus Rate on eligible Incremental ADB (% p.a.) | Total Rate (% p.a.) |
|---|---|---|---|
| 10,000 to < 50,000 | 0.80 | 2.40 | 3.20 |
| 50,000 to < 200,000 | 0.80 | 2.40 | 3.20 |
| 200,000 and above | 1.80 | 1.60 | 3.40 |
Prestige Savings Account
Maybank customers with the Prestige Savings Account can earn higher bonus rates during this promotional period. The bonus interest rates are detailed below:
| Incremental Average Daily Balance (ADB) (S$) | Base Rates (% p.a.) | Bonus Rate on eligible Incremental ADB (% p.a.) | Total Rate (% p.a.) |
|---|---|---|---|
| 20,000 to < 200,000 | 0.80 | 2.40 | 3.20 |
| 200,000 and above | 2.00 | 1.40 | 3.40 |
The Incremental ADB is calculated based on the increase in the average daily balance during the promotion period when compared to the customer’s balance in October 2024. To be eligible for the bonus interest rates, the Incremental ADB must meet the minimum requirement of S$10,000 for the iSAVvy Savings Account and iSAVvy Savings Account-i, or S$20,000 for the Prestige Savings Account.
Illustration of Interest Calculations
- Illustration for Prestige Savings Account (November 2024 to January 2025): 3.40% p.a assumes Incremental Average Daily Balance of S$200,000 + 2.00% p.a. prevailing rate. The bonus rates will only apply to incremental Average Daily Balance of minimum S$20,000.
- Illustration for iSAVvy Savings Account and iSAVvy Savings Account-i (November 2024 to January 2025): 3.40% p.a assumes Incremental Average Daily Balance of S$200,000 + 1.80% p.a. prevailing rate. The bonus rates will only apply to incremental Average Daily Balance of minimum S$10,000.
Customers interested in taking part in this promotion or those looking for more detailed information should refer to the official Terms and Conditions for the Fresh Funds Top-up Promotion (PDF).
For further details on the promotion and how to apply, please click here.
To explore more options and find the best deposit rates available, click here.
Leave a Reply