Save Up Programme
APPLY ONLINE

Pick up interest rates of up to 4% p.a.

Maybank Save Up Programme #ForYou

Important Notice

Save Up Programme will be revised as follows from 1 June 2023:

  • Earn bonus interest on the first S$75,000
  • Bonus interest rates

Bonus interest when you

Take up 1 product

Take up 2 products

Take up 3 or more products

First S$50,000

0.30% p.a.

1.00% p.a.

2.75% p.a.

Next S$25,000

1.00% p.a.

1.50% p.a.

3.75% p.a.

Maximum Effective Interest Rate

0.53% p.a.

1.17% p.a.

3.08% p.a.

Benefits

  • Convenience of one platform to spend, save, invest and much more.
  • From 1 June 2023: Earn up to 4% p.a. on the first S$75,000 if you open a saving account today and link it to a debit card.

Interest Calculator

How it works

(From 1 June 2023)

Base interest up to 0.25% p.a.

 

+

Bonus interest when you

Take up 1 product

Take up 2 products

Take up 3 or more products

First S$50,000

0.30% p.a.

1.00% p.a.

2.75% p.a.

Next S$25,000

1.00% p.a.

1.50% p.a.

3.75% p.a.

Maximum Effective Interest Rate

0.53% p.a.

1.17% p.a.

3.08% p.a.
 

 

9 products and services to choose from:

 
QUALIFYING PRODUCTS
MINIMUM TRANSACTION AMOUNT
BONUS INTEREST PERIOD
(Months)
salary bonus saving account
SAVE
QUALIFYING PRODUCTS:
GIRO Payment*
(To other billing organisations)

AND/OR

Salary Crediting*
(Via GIRO or Maybank Payroll)
 
AMOUNT:
S$300 monthly (GIRO)

AND/OR

S$2,000 monthly (Salary)
 
BONUS INTEREST PERIOD
(Months):
1
 

SPEND
QUALIFYING PRODUCTS:
Card
(Transact with Maybank Platinum Visa Card and/or Horizon Visa Signature Card)
AMOUNT:
S$500 monthly
BONUS INTEREST PERIOD
(Months):
1

INVEST
QUALIFYING PRODUCTS:
Structured Deposits
AMOUNT:
S$30,000
BONUS INTEREST PERIOD
(Months):
3
QUALIFYING PRODUCTS:
Unit Trusts
 
AMOUNT:
S$25,000 cash investments
 
BONUS INTEREST PERIOD
(Months):
12
 

INSURE
QUALIFYING PRODUCTS:
Regular Premium Insurance
 
AMOUNT:
S$5,000 in annual premium
 
BONUS INTEREST PERIOD
(Months):
12
 

BORROW
QUALIFYING PRODUCTS:
Home Loan (excludes Equity Loan)
AMOUNT:
S$200,000
BONUS INTEREST PERIOD
(Months):
12
QUALIFYING PRODUCTS:
Car Loan
AMOUNT:S$35,000
BONUS INTEREST PERIOD
(Months):
12
QUALIFYING PRODUCTS:
Renovation Loan
AMOUNT:S$10,000
BONUS INTEREST PERIOD
(Months):
12
QUALIFYING PRODUCTS:
Education Loan
AMOUNT:S$10,000
BONUS INTEREST PERIOD
(Months):
12

 

* If you meet the minimum salary credit amount and/or the minimum aggregate GIRO debit amount stated in the table above, it will be considered as 1 Qualifying Product.

Eligibility

  • Age: 18 and above
  • The SaveUp Account in this programme must be linked to a Maybank Debit Card.
  • Initial deposit:
    • S$500 for Singapore Citizens and Singapore Permanent Residents.
    • S$1,000 for other nationalities.

 

TO APPLY

  • Apply online or via Maybank2u SG app (for Singapore Citizens and Singapore Permanent Residents)

Rates

Fees & Charges

  • S$2 monthly balance fee (if average daily balance falls below S$1,000). Waived for customers below 25 years old.
  • S$30 early account closure charge (if the account is closed within 6 months).

Useful Information