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. iSAVvy Savings Account; iSAVvy Savings Account-iiSAVvy Savings Plus Account Find out more, Documents Requirement for Singapore Citizens or Permanent Residents. Maybank iSAVvy Foreign Currency Time Deposit. Maybank Singapore Limited (UEN: 201804195C). for deposits $5,000 to below $200,000 and 0.35% p.a. Do not disclose any sensitive information over emails / calls / SMS.Call us immediately. Free interest calculator to find the interest, final balance, and accumulation schedule using either a fixed starting principal and/or periodic contributions. Attractive base interest of up to 0.50% p.a. for iSAVvy Plus is as follows: 0.1875% p.a. Home > Personal > Deposits & Banking > Savings > iSavvy Savings Plus Account. • 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 A SMS will be sent to inform you that the account is activated successfully and you can start using your account! 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. Do note that the interest rates do change from time to time. achieved at S$50k with iSAVvy Plus). 3 The maximum loan tenure is 35 years or up to 70 years of age, whichever earlier. Maybank was offering 2% in the last few month of 2019, and it’s now 1.9%. Maybank iSavvy Fixed Deposit Rates: (S$25,000 to S$50,000) Months | Total Interest 3 months= 0.5500 % p.a. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. (0.25% p.a. Thereafter, additional interest rate of 0.25% p.a. Beware of phishing emails / calls / SMS targeting Maybank customers. Each customer is only allowed to hold one iSAVvy Savings Plus Account. To open an account, you need to. Back to top. Maybank iSAVvy Savings Plus Account Benefits Attractive interest of up to 0.38% 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. Enter the bank interest rate, in percentage. Guide. 5 Based on loan of up to 90% of property value plus 5% for MRTA financing. If you already have an account, you may create Sub-accounts via Online Banking to help you allocate your funds for different purposes. This is the promotional Maybank iSavvy Fixed Deposit Rates. Subscribe to RSS    Find us on Facebook     Find us on Instagram. 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. 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. Beware of phishing emails / calls / SMS targeting Maybank customers. Important informationThe iSAVvy Time Deposit is a deposit account that can only be operated via Maybank Online Banking. Security, Data Protection & Client Charter, S$2 monthly service fee; waived with a minimum average daily balance of S$500, Terms and conditions apply. Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today. Do not disclose any sensitive information over emails / calls / SMS.Call us immediately. Create iSAVvy Sub-accounts to help you reach your savings goals. View the principle and total amount by year, in the chart and table. All rights reserved. upfront and 0.75% p.a. 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. Maybank saving accounts in details. 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. What factors should I consider when choosing a savings account? Leave a Reply Cancel reply. 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). Enjoy attractive interest rates (up to 1.0% p.a. 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. for 36 months) with upfront interest on the next business day and interest-on-interest upon maturity. : 4 The loan eligibility is only an estimate. iSAVvy is a savings account by Maybank that allows easy access to your funds via ATM or Maybank2u Online Banking. This bonus interest will be paid every 6 months only if the average daily balance increases every month. Subscribe to RSS    Find us on Facebook     Find us on Instagram. upfront and 0.40% p.a. 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). However, actual value-to-consumer varies by your saving behaviour. Maybank iSAVvy Foreign Currency Time Deposit. 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. An account today, link it to a debit card and your money will earn up to 3% p.a. Home > Personal > Deposits & Banking > Time Deposits. for daily balance S$5,000 to below S$50,000; 0.38% p.a. Such premature withdrawal can only be made at any of our Maybank branch in Singapore. on maturity) when you place a 36 months SGD iSaVvy Time Deposit online via Maybank Online Banking with minimum amount of $25,000. Included are options for tax, compounding period, and inflation. No statement or advice will be issued. Round-the-clock service with Online and Mobile Banking. (0.25% p.a. Enjoy 0.65% interest p.a. Click here to read more on iSAVvy Savings Plus Account. ... Interest Calculator Tool. iSAVvy has one of the highest base interest rates starting from 0.30% to 0.50%p.a., depending on your account balance. Considering the market standard is just 0.05% p.a., this base–which comes without any requirements or criteria–is remarkably competitive. 5. 2 Including loans other than from banks. Earn interest of 0.1875% 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 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. 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. in iSAVvy Savings Account, an online savings account, when you deposit a minimum of S$20,000 and many more. Find Out More. Click here to read more on iSAVvy Savings Plus Account . *Only available from 9am to 9pm. 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. No interest-on-interest will be paid. Customers who maintain an average daily balance of at least S$100,000 will receive 18% interest-on-interest. iSAVvy Savings Account Application form To be used for selected Maybank Malaysia branches only (May 2015) Page 6 of 15 MAYBANK PLATINUM DEBIT CARD AND ELECTRONIC SERVICES Together with my/our S$ iSAVvy Savings Account, I/we will be issued with Maybank Platinum Debit Card1 Maybank2u.com.sg (Online Banking) 2 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. for deposits below $5,000, 0.25% p.a. Promotion may end earlier at Maybank’s sole discretion. Enter the deposit period, in months. 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! All Savings Accounts Comparison. 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: 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: Bonus interest of 1.56% p.a. on maturity) when you place a 24 months SGD iSaVvy Time Deposit online via Maybank Online Banking with minimum amount of $25,000 Update: Maybank iSavvy Savings Promotion 01Jun to 31Aug2017 This Maybank Promotion shall be conducted from 1 June 2017 to 31 August 2017 (“Promotion Period”). For premature withdrawal, the entire interest paid upfront will be returnable to the Bank through a deduction from the iSAVvy Time Deposit principal amount. 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. for deposits of $200,000 and above. achieved at S$200k+ balance with iSAVvy, max of 1.94% p.a. All rights reserved. FD rates are for your interest only. Base interest rate(%) p.a. This site uses Akismet to reduce spam. The actual amount may differ from customer to customer. 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 … 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. Complimentary travel insurance with a balance of at least $200,000 . 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. 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. I am torn between opening the Maybank SaveUp account and the iSaVvy Saving Plus account. For foreigners, please visit any Maybank branch to apply. Enjoy 1.00% interest p.a. Only available to Singapore Citizens and Permanent Residents, S$30 early account closure fee, if the account is closed within 6 months of opening. However, actual value-to-consumer varies by your saving behaviour. 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 a 12 months placement of S$25,000 at 0.90% p.a., the interest that you will receive upon maturity is S$225. Based on the Singapore Savings Bonds calculator, the interest you get is $1,640.00. 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. 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. 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. achieved at S$200k+ balance with iSAVvy, max of 1.94% p.a. achieved at S$50k with iSAVvy Plus). 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. Fixed Deposits. Deposit Insurance Scheme for consumers with a S$50k+ balance. 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 premature withdrawal, the entire interest paid upfront will be returnable to the Bank through a deduction from the iSAVvy Time Deposit principal amount. ... Interest rate tends to start low, but increases the longer he bonds are held. Maybank Save Up Programme. on Maybank’s prevailing Savings Account interest rates will apply. Also explore hundreds of other calculators addressing investment, finance math, fitness, health, and many more. What is the interest rate for iSAVvy Savings Plus? iSAVvy Time Deposit does not allow for partial withdrawal and top-up of the principal amount. How to maximise the interest rate for Maybank iSAVvy Savings Plus Account? How to Use: Enter the initial deposit amount. 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