Maybank is following Standard Chartered bank to offer a tier savings account that pay bonuses. For the first 5000 to 50000, the total interest is 1.10%. As for 50,000 to 200,000, the total interest is 1.18%, slightly higher than 1.15% pa of Standard Chartered Bank.
If you have S$200,000 to spare, you might as well place it in Maybank for 1.30% pa. Currently, Maybank seems to have the highest savings rate for a liquid cash account (SGD). Do take note that the interest is offered for a short time frame, please read the terms & conditions on the respective website.
Now you can earn an attractive rate of up to 1.30% p.a. on your iSAVvy Savings Account. Simply deposit a minimum of S$5,000 in your account to get started!
Rates (% p.a.)(A)
Rates (% p.a.)(B)
Rates (% p.a.)(A+B)
5,000 to < 50,000
50,000 to < 200,000
|e$aver deposit balance||Prevailing interest rate (A)||Bonus interest rate on incremental balance (B)||Total interest rate on incremental balance (A+B)|
|Less than S$50,000||0.10% p.a.||1% p.a.||1.10% p.a.|
|S$50,000 to less than S$200,000||0.15% p.a.||1.15% p.a.|
|S$200,000 and above||0.25% p.a.||1.25% p.a.|