This compensation may impact how, where and in what order products or offers appear on this site. From 1 December 2020, we will be changing the Savings Account interest/hibah rates for. boost (applied to their entire balance) as long as you maintain a balance of S$5k–S$200k across 6 months. Creating sub-accounts allows you to allocate funds for your savings goals without the need to open multiple savings accounts and still enjoy the attractive interest rates of iSAVvy Savings Account and iSAVvy Savings Plus Account. Available to Singapore and Permanent Residents only, Click under MyInfo Please have your SingPass ID, password and image of your signature ready, Apply via Maybank2u SG app and stand to win 1 million TREATS points. Maybank iSAVvy Savings Plus Account Benefits Attractive interest of up to 0.38% p.a. Please have a scanned colour copy or image of NRIC, Proof of mailing address and image of your signature ready, S$30 early account closure fee, if the account is closed within 6 months of opening. Higher interest rates for higher balances: Pensioner savings accounts often have a tiered interest rate structure, paying different interest rates depending on the balance of the account (e.g. Benefits. Withholding Tax. Interest.com is an independent, advertising-supported comparison service. 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. Utility/Telco bills or Bank statement from another bank in Singapore, where the name and address must be the same as your NRIC), Valid pass (e.g. iSAVvy has a unique feature that allows account holders to enjoy an additional 6% - 18% interest-on-interest when a set average … 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. achieved at S$200k+ balance with iSAVvy, max of 1.94% p.a. Each customer is eligible to hold one iSAVvy Savings Account. Savings accounts offer a great, low-risk way to earn more with your money. MayBank's iSAVvy Savings Account Interest Rates is to drop for the 3rd time since its launch. Surprisingly, some banks' current accounts pay a higher rate of interest than their savings accounts, though you tend to only get interest on the first £3,000 or so. 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. If you already have an account, you may create Sub-accounts via Online Banking to help you allocate your funds for different purposes. 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. Singapore Dollar iSAVvy Savings Account Application Form for Maybank Malaysia customers, S$2 monthly service fee; waived with a minimum average daily balance of S$500, Create Sub-accounts via Online Banking to help achieve your savings goals, Convenience of round-the-clock online banking, Proof of Mailing Address (i.e. Bonus interest of 1.56% p.a. Each customer is only allowed to hold one iSAVvy Savings Account. The DBS Multiplier account could be considered as one of the best savings accounts but it works in a different way compared to the other savings accounts that have been mentioned in this article. The remaining interest will be paid upon maturity. on any increase in the average daily balance of the account Deposit placed into iSAVvy SGD Time Deposit must be debited from customer’s existing Maybank savings or current account via Maybank Online Banking Maybank iSAVvy Savings Plus . 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 is a savings account by Maybank that allows easy access to your funds via ATM or Maybank2u Online Banking. Only available to Singapore Citizens and Permanent Residents. Existing iSAVvy Savings Account holders may create Sub-accounts via Online Banking to help allocate your funds for different purposes. 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