Get 3X interest and unique treats with Maybank Family Plus
Maybank Family Plus is designed to reward the whole family. Earn up to 3X interest on the first S$30,000 of your kid's bank savings when you save in Youngstarz and iSAVvy Savings Account and spend on your Maybank Family & Friends Card. In addition, enjoy 8% cash rebate on daily essential in Singapore and Malaysia with your Maybank Family & Friends Card.
Benefits
Earn 3X interest for your child
- Maintain an average daily balance of at least S$2,000 in your iSAVvy Savings Account
- Transfer at least S$200 to your child's Youngstarz Savings Account during the month
- Spend at least S$800 on your Maybank Family & Friends Card during the month
OR
Earn 2X interest for your child
- Maintain an average daily balance of at least S$2,000 in your iSAVvy Savings Account
- Transfer at least S$200 to your child's Youngstarz Savings Account during the month
Interest Rates on Youngstarz Savings Account (with effect from 8 September 2014)
| Amount in your child's Youngstarz Savings Account |
Base Rate
|
2X Interest
|
3X Interest
|
|---|---|---|---|
| First S$3,000 |
0.05%
|
0.10%
|
0.15%
|
| Next S$27,000 |
0.80%
|
1.60%
|
2.40%
|
| Effective interest rate on S$30,000 |
0.73%
|
1.45%
|
2.18%
|
| Interest rates are based on per annum and are subject to change without notification. | |||
Visit any of our Maybank Branch to participate in Maybank Family Plus today!
Important Notes on Family Plus Promotion
- The 2X and 3X interest on Youngstarz Savings Account are derived by adding the prevailing base interest and bonus interest.
- Customer will earn bonus interest on the first S$30,000 in their Youngstarz Account when the following transactions are performed in the same calendar month, provided that the Customer performing the transactions is the principal card holder, main Youngstarz Account holder and main iSAVvy Account holder.
- The bonus interest is only applicable to the first S$30,000, based on average daily balance, in Youngstarz Account. The bonus interest is on top of the prevailing interest which the entire deposit balance in the account will earn. Average daily balance in the Youngstarz Account is determined by computing the sum of every day-end balance in the Account in that month divided by the number of days in that month.
Terms and Conditions of Maybank Family Plus Promotion (PDF)