From 1 July 2024, the charges for cheque usage will be raised for all SGD denominated corporate cheque depositing.
We have prepared a list of Frequently Asked Questions and the new charges for your reference.
Current Account
Enjoy high returns on surplus funds with flexible withdrawal schedules
Maybank Highbiz Account #ForYou
Benefits
- Attractive interest rates of up to 1.00% p.a. with no minimum balance requirement
- Schedule your withdrawals at least 31 days in advance
Interest Rates
| Account Balance | Interest Rate | |
|---|---|---|
| Flat Rate from first dollar | 1.00% p.a. |
Interest rates are subject to change without prior notice
Eligibility
Who can apply
- Sole proprietors
- Partnerships
- Limited Liability Partnerships (LLP)
- Incorporated Companies
- Charities
- Societies
- Associations
The company must also be an existing client with Maybank Commercial Banking.
For more information, please contact your Relationship Manager.
Account opening is subject to the Bank's approval.
Fees and Charges
| Description | Fees and Charges |
|---|---|
| Cheque Issuance |
S$0.75 per cheque (from 1 November 2023) |
| Cheque Deposit |
Free (till 30 June 2024) S$0.75 per cheque (from 1 July 2024) |
|
Fall-below fee (per month) |
Nil |
|
Early Account Closure (within 6 months) |
S$50 early account closure fee (if the account is closed within 6 months of opening) |
|
Early Withdrawal Charge |
Early Withdrawal Charge = Amount withdrawn x interest rate on the account x (31 - No. of days the notice is served)/365 |
Other Information
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