How to maximise the interest rate for Maybank iSAVvy Savings Plus Account? 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. What factors should I consider when choosing a savings account? Based on the Singapore Savings Bonds calculator, the interest you get is $1,640.00. All rights reserved. Complimentary travel insurance with a balance of at least $200,000 . Deposit Insurance Scheme Guide. on any increase in the average daily balance of the account From 1 December 2020, we will be changing the Savings Account interest/hibah rates for. Important informationThe iSAVvy Time Deposit is a deposit account that can only be operated via Maybank Online Banking. ... Interest Calculator Tool. Fixed Deposits. ⢠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 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. 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. on maturity) when you place a 36 months SGD iSaVvy Time Deposit online via Maybank Online Banking with minimum amount of $25,000. Deposit Insurance SchemeSingapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. iSAVvy Savings Account Application form To be used for selected Maybank Malaysia branches only (May 2015) Page 6 of 15 MAYBANK PLATINUM DEBIT CARD AND ELECTRONIC SERVICES Together with my/our S$ iSAVvy Savings Account, I/we will be issued with Maybank Platinum Debit Card1 Maybank2u.com.sg (Online Banking) 2 achieved at S$200k+ balance with iSAVvy, max of 1.94% p.a. 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. Beware of phishing emails / calls / SMS targeting Maybank customers. Note 1 Minimum monthly payment. 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. Click here to read more on iSAVvy Savings Plus Account . 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 ⦠Calculate your FD total upon maturity. Home > Personal > Deposits & Banking > Savings > iSavvy Savings Plus Account. upfront and 0.40% p.a. 5 Based on loan of up to 90% of property value plus 5% for MRTA financing. .Valid as of 3 January 2021. Do not disclose any sensitive information over emails / calls / SMS.Call us immediately. Maybank iSAVvy Foreign Currency Time Deposit. This bonus interest will be paid every 6 months only if the average daily balance increases every month. View the principle and total amount by year, in the chart and table. iSAVvy Savings Account; iSAVvy Savings Account-iiSAVvy Savings Plus Account Choice of 3, 6, 12, 24 and 36 months 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. Attractive base interest of up to 0.50% p.a. Maybank Singapore Limited (UEN: 201804195C). 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! Enter the deposit period, in months. Click here to read more on iSAVvy Savings Plus 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. Such premature withdrawal can only be made at any of our Maybank branch in Singapore. Bonus interest of 1.56% p.a. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Update: Maybank iSavvy Savings Promotion 01Jun to 31Aug2017 This Maybank Promotion shall be conducted from 1 June 2017 to 31 August 2017 (âPromotion Periodâ). 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. For application submitted outside this period of time, email notification with the new account number will be sent on the next business day. achieved at S$50k with iSAVvy Plus). I am torn between opening the Maybank SaveUp account and the iSaVvy Saving Plus account. 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. Click here to go to Maybank website for more details 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). 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. 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. This site uses Akismet to reduce spam. for deposits of $200,000 and above. Such premature withdrawal can only be made at any of our Maybank branch in Singapore. Also explore hundreds of other calculators addressing investment, finance math, fitness, health, and many more. 3 The maximum loan tenure is 35 years or up to 70 years of age, whichever earlier. Back to top. However, actual value-to-consumer varies by your saving behaviour. The rates above are subject to ⦠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. 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. for iSAVvy Plus is as follows: 0.1875% p.a. (0.25% p.a. Do note that the interest rates do change from time to time. When will I receive my interest? Maybank iSavvy Fixed Deposit Rates: (S$25,000 to S$50,000) Months | Total Interest 3 months= 0.5500 % p.a. 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 Promotion may end earlier at Maybankâs sole discretion. Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today. Subscribe to RSS Find us on Facebook Find us on Instagram. 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 Savings Accounts Comparison. Each customer is only allowed to hold one iSAVvy Savings Plus Account. 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. Online Savings account rates blogspot dot com presents new update on Savings and other Banking accounts in Singapore and amount. Number will be changing the Savings account is available as a Personal account tax, compounding period, itâs... 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