Basic Savings Account

Basic savings account with no service or maintenance charges

MINIMUM DEPOSIT

RM20
MINIMUM BALANCE TO MAINTAIN

RM20

EN BM

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Basic Savings

RM20 is all you need to start earning interest. No service or maintenance charge required.

With this account, you get:

To earn interest, no matter what your account balance.
No service or maintenance charges as long as a minimum balance of RM20 is maintained.
Free mini statement.
Online banking with Maybank2u.com

Options for withdrawal:

Pay as you use

6 over-the-counter (OTC) visits
8 free ATM cash withdrawals (on the 9th withdrawal onwards, RM0.50 will be charged)
No fee shall be imposed for non-cash withdrawal transactions (e.g balance inquiry or fund transfer within Maybank)
First 2 GIRO transactions via over-the-counter in a month at a fee of RM0.50 per transaction and RM2.00 from the 3rd transaction onwards.
No transaction charges for GIRO transactions performed via M2U, M2U Mobile and MyMobile

RM 8 Annual Fee
- Unlimited OTC transactions and ATM cash withdrawals
- First 2 GIRO transactions via over-the-counter in a month at a fee of RM0.50 per transaction and RM2.00 from the 3rd transaction onwards.
- No transaction charges for GIRO transactions via M2U, M2U Mobile and MyMobile.

* Protected by PIDM up to RM250,000 for each depositor.

* Click here for PIDM's DIS Brochure.

How to Apply

For all Malaysians and permanent residents only

To apply:

Visit a Maybank branch near you with your primary document.

Available accounts:

Basic Savings Account (BSA) – for adults above 18 years old

Basic Savings Account Trust (BSA Trust) – for children below 18 years old with parents or legal guardians below 60 years of age

Basic Savings Account Minor (BSA Minor) - for teenagers aged 12 to below 18 years old

Required Primary Documents:

Original Identity Card (IC)/Police or Armed Forces ID Card

Birth Certificate and MyKid (for in-trust and minor accounts)

Rates

Savings Band	Interest Rates (% p.a)
First RM1,000	0.25
Above RM1,000 to RM10,000	0.25
Above RM10,000 to RM25,000	0.25
Above RM25,000 to RM50,000	0.25
Above RM50,000 to RM100,000	0.25
Above RM100,000 to RM200,000	0.30
Above RM200,000 to RM500,000	0.30
Subsequent balances above RM500,000	0.30

*Effective from 8 May 2023

All interest / dividend rates quoted may change without prior notice. Please contact the nearest Maybank branch for the latest rates

With effect from 1 August 2022, ‘Split Tier’ interest rate calculation will be implemented. ‘Split Tier’ is an interest calculation method that separates the account balance according to the respective rate tier.

Click here for Frequently Asked Questions (FAQ).

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Campaign Period : 3 April 2023 - 30 June 2023

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