Maybank iSAVvy Savings Plus Account Reviews and Comparison - Seedly
 

Maybank iSAVvy Savings Plus Account

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Maybank iSAVvy Savings Plus Account

Up to 1.56% p.a.
INTEREST RATES
$500
MIN. INITIAL DEPOSIT
$500
MIN. AVG DAILY BALANCE

    Maybank iSAVvy Savings Plus Account

    Up to 1.56% p.a.
    INTEREST RATES
    $500
    MIN. INITIAL DEPOSIT
    $500
    MIN. AVG DAILY BALANCE
Reviews (2)

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2 Reviews

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  • Posted on 23 Dec 2019

    Purchased

    Maybank iSAVvy Savings Plus Account

    Highest interest rate you can get. However, you can only put the money for 2 months and then you have to transfer out.
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  • Posted on 19 Sep 2019
    Maybank I savvy account offers a higher interest rate p.a comparing to other banks. Worth it to use as a savings account where money accumulated are able to get higher interest.
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How to maximise the interest rate for Maybank iSAVvy Savings Plus Account?

Base interest rate(%) p.a.

  • 0.1875% p.a. for daily balance below S$5,000
  • 0.3% p.a. for daily balance S$5,000 to below S$50,000
  • 0.38% p.a. for daily balance above S$50,000

Bonus Interest Rate(%) p.a

The bonus interest rate per annum for Maybank iSAVvy Savings account comes with one criteria:

  • 1.56% p.a. bonus for every 6 months, on average daily balance of the account increasing every month during a 6-month period, starting from the 2nd month of account opening

Terms and fees for Maybank iSAVvy Savings Plus Account

  • Initial deposit: S$500 for Singaporeans and PRs
  • Citizenship status: Singaporeans, PRs
  • Minimum age to open account: 16
  • Minimum Average Daily Balance: S$500
  • Fall below fee: S$2 per month (waived with minimum average daily balance of S$500)
  • Early closure fee: S$30 if below 6 months