From 1 May 2021, we will be changing the Savings and Current Account interest/hibah rates.
Maybank Save Up Programme
Save Up Programme, enjoy the flexibility of using one saving account to spend, save, invest, and much more. An account today, link it to a debit card and your money will earn up to 3% p.a. on the first S$50,000 in your account. Start customising the programme to your life's plans today!
Benefits
- Convenience of one platform to spend, save, invest and much more.
- Earn up to 3% p.a. on the first S$50,000 if you open a saving account today and link it to a debit card.
How it works
| Base interest up to 0.3125% p.a. |
+
| 1 product or service earns you additional interest of 0.3% p.a.¹ |
or | 2 products or services earn you additional interest of 0.8% p.a.¹ |
or | 3 products or services earn you additional interest of 2.75% p.a.¹ |
9 products and services to choose from:
|
QUALIFYING PRODUCTS
|
MINIMUM TRANSACTION AMOUNT
|
BONUS INTEREST PERIOD
(Months) | |
|---|---|---|---|
 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
- View base interest 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
- Save Up Programme FAQ (PDF)
- Save Up Programme Terms and Conditions (PDF)
- SaveUp Account Terms and Conditions (PDF)
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.