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Ratings Breakdown (5)
5.0
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- 30
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- 10
| Min Rate | 0.3125% |
|---|---|
| Max Rate | 3.00% |
| Min Initial Deposit | $500 |
| Interest Tiers | Based on Salary credit and 4 category transactions (card spend, bills, insurance, investments, home loan instalments) |
More about Maybank SaveUp
Reviews (5)
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- Hagen Ljy2 Reviews, 2 UpvotesReviewed on 10 Dec 2018This is especially good for if you prefer to earn miles from their credit card. I spend a minimum $500 monthly with Maybank Horizon Visa Signature Card and able to earn miles with 3% interest.Comments (0)10Share this
- Junda Huang3 Reviews, 5 UpvotesReviewed on 10 Jul 20183% interest! Personally my account of choice over UOB ONE, DBS multiplier etc. Need to meet 3 out of 9 conditions. Just credit salary, $500 spend on credit card and $300 GIRO payment every month ( I use GIRO for IRAS and Utilities). Also possible to optimise further by combining with UOB ONE account for high spendersComments (0)10Share this
- Amy Wang5 Reviews, 5 UpvotesReviewed on 18 Mar 2018I have been using both OCBC 360 and SCB Bonus $saver but have switched from those to Maybank Saveup for several reasons: (1) the interest is attractive (up to 3%); (2) Maybank Platinum Visa card has no annual fee to deal it - big deal for me; (3) min. amount to be kept in the account is $1K versus $3K for the other 2; (4) no cheque book issued; (5) Debit mastercard & internet banking token is issued on the same day of account opening - that is so efficient! (6) i just need 1 giro transaction of at least $300 to hit one of the hurdles - this means i can leave the other giros for other hurdle savings account. So if you haven't consider Maybank Saveup do give it a serious look.Comments (0)10Share this
- Ho Si Min3 Reviews, 8 UpvotesReviewed on 24 Jan 2018same here! We use Maybank SaveUp for their 3% interest - very competitive rate + $50k insurance! We also use it for savings and not so much for transactions, so I'm ok with the user interface & lack of ATMs. Plus, their Maybank Platinum Visa Card has no annual fee, provided there is at least 1 transaction every quarter, and gives 3.33% cashback on almost any category of $300 spending - fuss-free! Agree that Maybank Saveup is really underrated, in fact, I had moved over from OCBC 360 to Maybank Saveup. For the same criteria Salary , Spending & GIRO: from 1.85% to 3% - straightforward decision ;) For daily transactions we use UOB One (3.33%). We get good interest with this combi :)Comments (0)10Share this
- Jasmine Xu1 Reviews, 2 UpvotesReviewed on 24 Jan 2018My husband and I applied maybank saveup joint account as we have applied housing loan through maybank, with his salary crdeit and $300 giro bills we can enjoy up to 3% interest. I'm very happy with it so far. This maybank account meant for saving so much transaction done, thus I'm ok with their internet banking design.Comments (0)20Share this
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How to maximise the interest rate for Maybank SaveUp Savings Account?
Base interest rate(%) p.a.
The base interest rate per annum for Maybank SaveUp savings account is 0.3125%
Bonus Interest Rate(%) p.a
The bonus interest rate per annum for Maybank SaveUp savings account comes with a few criteria:
- 0.3% p.a. bonus for consumers on 1 of the Maybank products
- 0.8% p.a. bonus for consumers on 2 of the Maybank products
- 2.75% p.a. bonus for consumers on 3 of the Maybank products
*Bonus interest only applies to the first S$60,000 in the bank balance.
Here are the minimum amount required for each of the eligible Maybank Product:
- Minimum S$2,000 for salary crediting
- Spend a minimum of S$500 for credit card
- GIRO Payment of minimum S$300
- Minimum S$10,000 new education loan
- Minimum S$35,000 new hire purchase loan
- Minimum S$200,000 new home loan
- Spends a minimum of S$5,000 on annual premiums for Life Insurance
- Minimum S$10,000 new renovation loan
- Invests a minimum on S$30,000 annually or S$300 monthly on Unit Trust
Terms and fees for Maybank SaveUp Savings Account
- Initial deposit: S$1,000 for foreigners and S$500 for Singaporeans and PRs
- Citizenship status: Singaporeans, PRs and foreigners
- Minimum age to open account: 18
- Minimum Average Daily Balance: S$500
- Fall below fee: S$2
- Early closure fee: S$30 if below 6 months
