Maybank SaveUp

Maybank SaveUp

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Ratings Breakdown (5)

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Min Rate0.3125%
Max Rate3.00%
Min Initial Deposit$500
Interest TiersBased on Salary credit and 4 category transactions (card spend, bills, insurance, investments, home loan instalments)
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  • Hagen Ljy
    2 Reviews, 2 Upvotes
    Reviewed 6d ago
    This 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.
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  • Junda Huang
    3 Reviews, 5 Upvotes
    Reviewed on 10 Jul 2018
    3% 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 spenders
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  • Amy Wang
    5 Reviews, 5 Upvotes
    Reviewed on 18 Mar 2018
    I 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.
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  • Ho Si Min
    3 Reviews, 8 Upvotes
    Reviewed on 24 Jan 2018
    same 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 :)
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  • Jasmine Xu
    1 Reviews, 2 Upvotes
    Reviewed on 24 Jan 2018
    My 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.
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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

Manage your money for free today!

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  • Quick overview
    Quick overview of your bank and card transactions.
  • Secure syncing
    Secure syncing of your bank or credit cards transactions
  • Automatic categorization
    Automatic categorization and analysis for your expenses
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