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Maybank Singapore Prestige Savings Account

 

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Min. Deposit
$20,000

Interest Rate
up to 1.85%

Review on Maybank Prestige Savings Account

Pros
High 0.38% to 0.50% p.a. base interest
High 1.35% to 1.47% p.a. bonus interest on incremental balance

Cons
Bonus interest only applicable on incremental balance
Interest-on-Interest only if average monthly balance is maintained for 6 months

 

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Details

Base Interest Bonus Interest
$20k to $200k 0.38% p.a. 1.47% p.a.
$200k to $2m 0.50% p.a. 1.35% p.a.

From now to 30 Nov 2018, get rewarded with up to 1.85% p.a. (0.38% + 1.47%) when you deposit a minimum of $20,000 into Prestige Savings Account

Earn bonus interest of up to 1.47% p.a. (To be increased to 1.62% p.a. in Dec 2018) on the incremental average daily balance in the Account during the Promotion Period from 1 Oct to 30 Nov 2018 Incremental Balance in the Account refers to the difference in the average daily balance during the Promotion Period as compared to the average daily balance in the Account for the month of Sep 2018

In the event that we offer a higher bonus rate on Prestige Savings Account during the Promotion Period, you will enjoy the higher bonus rate on your incremental balance for that month

Earn base interest of 0.38% p.a. for deposits below $200,000 and 0.50% p.a. for deposits of $200,000 and above

 

In addition, earn additional interest-on-interest of 18% p.a.to attain attractive interest rates of 0.45% p.a. for total balance less than $200,000 or 0.59% p.a. for total balance of $200,000 and above

Interest-on-interest means the payment of additional interest on the interest amount earned for every six-monthly period beginning from the second month of the account opening provided that
the average monthly balance maintained in the Accounts during each six-monthly period does not fall below the Interest-on-interest deposit amount

No monthly fee or minimum balance to maintain

 

Click here to go to Maybank website for more details

 

 

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