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| Starts | 1 Sep 2024 (Sun) | Ends | 31 Oct 2024 (Thu) |
|---|---|---|---|
| Location | Maybank |
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Maximise Your Savings with Maybank’s Promotion
Update 1 Nov: Maybank Fresh Funds Top-up Promo Offers Interest Rates up to 3.40% p.a. till 31 Jan
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 3.60% per annum, this promotion is designed to help savers make the most of their deposits. The promotional rates are available until 31 October 2024, giving customers a limited but valuable window to increase their earnings.
This lucrative offer features interest rates of up to 3.50% p.a. for those with the iSAVvy Savings Account or iSAVvy Savings Account-i, and an impressive 3.60% p.a. for customers holding the Prestige Savings Account. The rates are the same as 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:
| September – October 2024 | |||
|---|---|---|---|
| Incremental Average Daily Balance (ADB) (S$) | Base Rates (% p.a.) | Bonus Rate on eligible Incremental ADB (% p.a.) | Total Rate (% p.a.) |
| 10,000 to < 50,000 | 0.80 | 2.50 | 3.30 |
| 50,000 to < 200,000 | 0.80 | 2.50 | 3.30 |
| 200,000 and above | 1.80 | 1.70 | 3.50 |
Prestige Savings Account
Maybank customers with the Prestige Savings Account can earn higher bonus rates during this promotional period. The bonus interest rates are detailed below:
| September – October 2024 | |||
|---|---|---|---|
| Incremental Average Daily Balance (ADB) (S$) | Base Rates (% p.a.) | Bonus Rate on eligible Incremental ADB (% p.a.) | Total Rate (% p.a.) |
| 20,000 to < 200,000 | 0.80 | 2.60 | 3.40 |
| 200,000 and above | 2.00 | 1.60 | 3.60 |
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 August 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
- For the Prestige Savings Account, the 3.60% p.a. interest rate assumes an Incremental Average Daily Balance of S$200,000 along with the prevailing base rate of 2.00% p.a. The bonus rate applies only to the Incremental Average Daily Balance of at least S$20,000.
- For the iSAVvy Savings Account and iSAVvy Savings Account-i, a 3.50% p.a. interest rate is based on an Incremental Average Daily Balance of S$200,000 plus the prevailing base rate of 1.80% p.a. The bonus rate will only apply to the Incremental Average Daily Balance of at least 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.
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