For premature withdrawal, the entire interest paid upfront will be returnable to the Bank through a deduction from the iSAVvy Time Deposit principal amount. Deposit Insurance Scheme Only available to Singapore Citizens and Permanent Residents, S$30 early account closure fee, if the account is closed within 6 months of opening. Customers who maintain an average daily balance of at least S$5,000 in their iSAVvy Savings Account over a 6-month period will receive 6% interest-on-interest. Beware of phishing emails / calls / SMS targeting Maybank customers. Bonus interest is based on the average daily balance of the account increasing each month during a 6-month period, starting from the 2nd month of account opening; Read our Terms and Conditions (PDF) FAQ. Leave a Reply Cancel reply. for deposits $5,000 to below $200,000 and 0.35% p.a. Maybank Singapore is having their iSAVvy Savings Account Promotion. 6-digit SMS OTP for Online Banking, Mobile Banking and Phone Banking, Avoid possible suspension of your unsecured credit facilities, Receive an American Tourister Linex 66/24 Luggage TSA worth S$260 with Maybank Credit Cards and CreditAble, Refer your friends to apply for Maybank Credit Cards and CreditAble to be rewarded with S$50 Cash Credits, Find out how we've made M2U secure - and how you can keep your online banking experience worry free. Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today. What factors should I consider when choosing a savings account? Earn interest of 0.1875% p.a. Enjoy 0.65% interest p.a. From 1 December 2020, we will be changing the Savings Account interest/hibah rates for. Create iSAVvy Sub-accounts to help you reach your savings goals. Maybank Save Up Programme. Update: Maybank iSavvy Savings Promotion 01Jun to 31Aug2017 This Maybank Promotion shall be conducted from 1 June 2017 to 31 August 2017 (âPromotion Periodâ). Maybank Singapore Limited (UEN: 201804195C). 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. Choice of 3, 6, 12, 24 and 36 months Find out more, Place your deposit via round-the-clock service with, Choice of 3, 6, 12, 24 or 36 months tenure, Interest and principal upon deposit maturity will be credited to this account, Maintain any Maybank Savings or Current account with Maybank Online Banking access, Rules and Regulations Governing Singapore Dollar Time Deposit Account, Make an appointment with your preferred Branch, Security, Data Protection & Client Charter. With minimum deposit of S$50,001 in 24-month Maybank iSAVvy Time Deposit. Click here to read more on iSAVvy Savings Plus Account. iSAVvy has one of the highest base interest rates starting from 0.30% to 0.50%p.a., depending on your account balance. To open an account, you need to. For a 12 months placement of S$25,000 at 0.90% p.a., the interest that you will receive upon maturity is S$225. All rights reserved. Do note that the interest rates do change from time to time. All Savings Accounts Comparison. This is the promotional Maybank iSavvy Fixed Deposit Rates. What is the interest rate for iSAVvy Savings Plus? achieved at S$200k+ balance with iSAVvy, max of 1.94% p.a. 5. To begin with, Maybank iSAVvy Plus Account rewards account holders with a high base rate according to their balance size, reaching up to 0.38% p.a. The Incremental ADB must be a minimum of S$10,000 and a maximum of S$1,000,000 for iSAVvy Savings Account and iSAVvy Savings Account-i, and a minimum of S$20,000 and a maximum of S$3,000,000 for Prestige Savings Account to be eligible for the Bonus Interest/Dividend. If you already have an account, you may create Sub-accounts via Online Banking to help you allocate your funds for different purposes. The Incremental ADB must be a minimum of S$20,000 and a maximum of S$3,000,000 for iSAVvy Savings Account and iSAVvy Savings Account-i, and a minimum of S$20,000 and a maximum of S$5,000,000 for Prestige Savings Account to be eligible for the Bonus Interest/Dividend. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For application submitted outside this period of time, email notification with the new account number will be sent on the next business day. Grow your money with iSAVvy Time Deposit - the online Singapore Dollar time deposit that gives you one of the highest time deposit interest rates in Singapore. Find Out More. Eligibility for bonus interest is based on the average daily balance of the account increasing each month during a 6-month period, starting from the 2nd month of account opening, Proof of Mailing Address (i.e. Enter the bank interest rate, in percentage. Each customer is only allowed to hold one iSAVvy Savings Plus Account. The Incremental ADB must be a minimum of S$10,000 and a maximum of S$1,000,000 for iSAVvy Savings Account and iSAVvy Savings Account-i, and a minimum of S$20,000 and a maximum of S$3,000,000 for Prestige Savings Account to be eligible for the Bonus Interest/Dividend. Sitemap | About Us | Rates & Bank Charges FAQs & Forms | Locate Us | Feedback Terms & Conditions of Access Security, Data Protection & Client Charter Copyright © document.write(new Date().getFullYear()); Maybank. Beware of phishing emails / calls / SMS targeting Maybank customers. Meanwhile, the Maybank iSAVvy Time Deposit, which is for deposit amounts from $50,001 to $1 million, is offering 2% interest on 24 month deposits, and 1.7% for 12 month deposits. Click here to go to Maybank website for more details for deposits of $200,000 and above. Look at Maybank iSavvy fixed deposit rates recorded below. Home > Personal > Deposits & Banking > Time Deposits. Such premature withdrawal can only be made at any of our Maybank branch in Singapore. Manage your portfolio at your own convenience online, choose from the wide array of foreign currencies and enjoy preferential interest and foreign exchange rates on your foreign currencies . .Valid as of 3 January 2021. Also explore hundreds of other calculators addressing investment, finance math, fitness, health, and many more. Considering the market standard is just 0.05% p.a., this baseâwhich comes without any requirements or criteriaâis remarkably competitive. To update your contact details for SMS Transaction Alerts and One-time Authorisation Codes for online purchases, please click here for the relevant forms. Get your fill of higher savings of up to 2.10% p.a. 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$75,000 for each depositor per Scheme member. S$ iSAVvy Savings Account is available as a personal account. for iSAVvy Plus is as follows: 0.1875% p.a. Promotion may end earlier at Maybankâs sole discretion. on Maybankâs prevailing Savings Account interest rates will apply. FD rates are for your interest only. achieved at S$50k with iSAVvy Plus). This bonus interest will be paid every 6 months only if the average daily balance increases every month. Maybank iSAVvy Foreign Currency Time Deposit. Guide. on maturity) when you place a 36 months SGD iSaVvy Time Deposit online via Maybank Online Banking with minimum amount of $25,000. This site uses Akismet to reduce spam. achieved at S$50k with iSAVvy Plus). for daily balance S$5,000 to below S$50,000; 0.38% p.a. For a 12 months placement of S$25,000 at 0.90% p.a., the interest that you will receive upon maturity is S$225. Maybank saving accounts in details. Subscribe to RSS Find us on Facebook Find us on Instagram. Bonus interest will be credited on the first calendar day after the end of each 6-month period, starting from the second calendar month of account opening. for 36 months) with upfront interest on the next business day and interest-on-interest upon maturity. Do not disclose any sensitive information over emails / calls / SMS.Call us immediately. Complimentary travel insurance with a balance of at least $200,000 . iSAVvy is a savings account by Maybank that allows easy access to your funds via ATM or Maybank2u Online Banking. 5 Based on loan of up to 90% of property value plus 5% for MRTA financing. : 4 The loan eligibility is only an estimate. The actual amount may differ from customer to customer. When will I receive my interest? Maybank iSAVvy and iSAVvy Plus certainly have different max effective interest rates, as listed by the previous commenter (max EIR of 0.50% p.a. upfront and 0.40% p.a. upfront and 0.75% p.a. (0.25% p.a. for deposits below $5,000, 0.25% p.a. Security, Data Protection & Client Charter, S$2 monthly service fee; waived with a minimum average daily balance of S$500, Terms and conditions apply. Deposit Insurance SchemeSingapore 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. iSAVvy Time Deposit does not allow for partial withdrawal and top-up of the principal amount. Maybank was offering 2% in the last few month of 2019, and itâs now 1.9%. How to maximise the interest rate for Maybank iSAVvy Savings Plus Account? A SMS will be sent to inform you that the account is activated successfully and you can start using your account! Maybank iSavvy fixed deposit rates promotion takes effect from 2 September 2009. To update your contact details for SMS Transaction Alerts and One-time Authorisation Codes for online purchases, please click here for the relevant forms. *Only available from 9am to 9pm. ... Interest rate tends to start low, but increases the longer he bonds are held. Bonus interest of 1.56% p.a. I am torn between opening the Maybank SaveUp account and the iSaVvy Saving Plus account. Note 1 Minimum monthly payment. For foreigners, please visit any Maybank branch to apply. This promotion is valid from 1st July 2020 onwards for a minimum placement amount of S$25,000 in iSAVvy Time Deposit via Maybank Mobile/Online Banking (for individuals only). For premature withdrawal, the entire interest paid upfront will be returnable to the Bank through a deduction from the iSAVvy Time Deposit principal amount. All rights reserved. Back to top. for daily balance below S$5,000; 0.30% p.a. Maybank iSavvy Fixed Deposit Rates: (S$25,000 to S$50,000) Months | Total Interest 3 months= 0.5500 % p.a. How to Use: Enter the initial deposit amount. Terms and Conditions apply. However, actual value-to-consumer varies by your saving behaviour. Round-the-clock service with Online and Mobile Banking. Such premature withdrawal can only be made at any of our Maybank branch in Singapore. Save Up Programme, enjoy the flexibility of using one saving account to spend, save, invest, and much more. on maturity) when you place a 24 months SGD iSaVvy Time Deposit online via Maybank Online Banking with minimum amount of $25,000 Free interest calculator to find the interest, final balance, and accumulation schedule using either a fixed starting principal and/or periodic contributions. Utility/Telco/Bank statement with another bank in Singapore) where name and address must be the same as your NRIC, Proof of Mailing Address (i.e. An account today, link it to a debit card and your money will earn up to 3% p.a. ⢠Be at least 18 years of age ⢠Be an existing Maybank Malaysia customer Place a minimum deposit of S$500* ACCOUNT OPENING REQUIREMENTS To open a S$ iSAVvy Savings Account with Maybank Singapore, please visit any of the 40 Maybank Malaysia Calculate your FD total upon maturity. for daily balance above S$50,000; To be eligible for the bonus interest rate per annum for Maybank iSAVvy Savings account comes with one criterion: However, actual value-to-consumer varies by your saving behaviour. Subscribe to RSS Find us on Facebook Find us on Instagram. Maybank iSAVvy Time Deposit S$5,000 0.35% 0.40% 0.50% 0.65% 1.00% This online time deposit offers a range of flexible tenor, upfront interest and interest-on-interest upon maturity. for consumers with a S$50k+ balance. The rates above are subject to ⦠3 The maximum loan tenure is 35 years or up to 70 years of age, whichever earlier. Based on the Singapore Savings Bonds calculator, the interest you get is $1,640.00. (0.25% p.a. Also, forgetting to alternate the funds in a month breaks your cycle and you will have to skip a month of interest unless you have elsewhere for the funds: Maybank Singapore Limited (UEN: 201804195C). This promotion is valid from 1st July 2020 onwards for a minimum placement amount of S$25,000 in iSAVvy Time Deposit via Maybank Mobile/Online Banking (for individuals only). Click here to read more on iSAVvy Savings Plus Account . Last update: 28/07/2016 on the first S$50,000 in your account. Sitemap | About Us | Rates & Bank Charges FAQs & Forms | Locate Us | Feedback Terms & Conditions of Access Security, Data Protection & Client Charter Copyright © document.write(new Date().getFullYear()); Maybank. Thereafter, additional interest rate of 0.25% p.a. in iSAVvy Savings Account, an online savings account, when you deposit a minimum of S$20,000 and many more. Enter the deposit period, in months. iSAVvy has a unique feature that allows account holders to enjoy an additional 6% - 18% interest-on-interest when a set average daily balance of at least S$5,000 is ⦠View the principle and total amount by year, in the chart and table. No interest-on-interest will be paid. Important informationThe iSAVvy Time Deposit is a deposit account that can only be operated via Maybank Online Banking. on any increase in the average daily balance of the account Maybank iSAVvy Foreign Currency Time Deposit. Fixed Deposits. Interest compounded annually. ... Interest Calculator Tool. 2 Including loans other than from banks. 6-digit SMS OTP for Online Banking, Mobile Banking and Phone Banking, Avoid possible suspension of your unsecured credit facilities, Receive an American Tourister Linex 66/24 Luggage TSA worth S$260 with Maybank Credit Cards and CreditAble, Refer your friends to apply for Maybank Credit Cards and CreditAble to be rewarded with S$50 Cash Credits, Find out how we've made M2U secure - and how you can keep your online banking experience worry free. Customers who maintain an average daily balance of at least S$100,000 will receive 18% interest-on-interest. Base interest rate(%) p.a. Do not disclose any sensitive information over emails / calls / SMS.Call us immediately. Included are options for tax, compounding period, and inflation. Enjoy 1.00% interest p.a. Deposit Insurance SchemeSingapore 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. No statement or advice will be issued. Interest-on-interest 1 of up to 18%: Create Sub-accounts via Online Banking to help you reach your savings goals: Online savings account gives you the ease and convenience of banking round-the-clock iSAVvy Savings Account; iSAVvy Savings Account-iiSAVvy Savings Plus Account Home > Personal > Deposits & Banking > Savings > iSavvy Savings Plus Account. Enjoy attractive interest rates (up to 1.0% p.a. Find out more, Documents Requirement for Singapore Citizens or Permanent Residents. Maybank iSAVvy and iSAVvy Plus certainly have different max effective interest rates, as listed by the previous commenter (max EIR of 0.50% p.a. Thus in conclusion, if you can afford to lock down S$50,001 and not require the money for 2 years, then MayBank iSaVvy Time Deposit is still a good deal after all! Maybank iSAVvy Savings Plus Account Benefits Attractive interest of up to 0.38% p.a. Utility/Telco/Bank statement with another bank in Singapore) where name must be the same as your Passport and Employment Pass, Please have your SingPass ID, password and image of your signature ready, You will receive an email with your new account number in a password protected PDF file upon submission of the application*, A password will be sent via SMS to the mobile number indicated on the application form to open the PDF file, Another SMS which contains your PIN to sign-up or perform a First Time Login to Online Banking. Get rewarded with up to S$100 Takashimaya vouchers when you credit 3 consecutive months of your salary into your iSAVvy Savings Account/iSAVvy Savings Account-i and make a bill payment via GIRO. No interest-on-interest will be paid. Attractive base interest of up to 0.50% p.a. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. achieved at S$200k+ balance with iSAVvy, max of 1.94% p.a. Please have a scanned colour copy or image of NRIC, Proof of mailing address and image of your signature ready, You will receive an email with your new account number in a password protected PDF file by the next business day, Make a FAST transfer of at least S$500 from your account with another bank (in the same name) to activate the new account, You will receive a SMS notification once your new account is activated successfully. iSAVvy Savings Account Application form To be used for selected Maybank Malaysia branches only (May 2015) Page 6 of 15 MAYBANK PLATINUM DEBIT CARD AND ELECTRONIC SERVICES Together with my/our S$ iSAVvy Savings Account, I/we will be issued with Maybank Platinum Debit Card1 Maybank2u.com.sg (Online Banking) 2 % for MRTA financing partial withdrawal and top-up of the principal amount already an. You may create Sub-accounts via Online Banking to help you allocate your funds via ATM or Maybank2u Online.... 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Longer he bonds are held account Benefits Attractive interest rates ( up 0.50. Savings goals 50,000 ) months | total interest 3 months= 0.5500 % p.a loan of up to 0.50 %..: ( S $ 50k with iSAVvy Plus ) of phishing emails maybank isavvy interest calculator /. Years or up to 3 % p.a Maybank customers for SMS Transaction and. Plus account is 35 years or up to 1.0 % p.a amount of 25,000! Insurance Scheme Maybank iSAVvy Fixed deposit rates Promotion takes effect from 2 September 2009 and One-time Authorisation Codes for purchases!, 6, 12, 24 and 36 months ) with upfront interest on the next business day and upon... Online purchases, please click here to read more on iSAVvy Savings Plus account, 24 36... Also explore hundreds of other calculators addressing investment, finance math, fitness, health, and inflation the deposit...