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

 

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

This advertisement has not been reviewed by the Monetary Authority of Singapore.