Basic Savings Account-i is based on the Shariah contract of Commodity Murabahah (cost-plus-sale) where a specific asset as deemed fit by the Bank is identified and used as the underlying asset for the sale and purchase transaction between Bank and Customer.
Features
- Commodity Murabahah (cost-plus-sale)
- The profit rate is pre-determined upfront and paid on every half yearly.
Option 1
*"Pay-as-you-use" (no annual fee):
- 6 over-the-counter (OTS) visits
- 8 free ATM cash withdrawals ( on the 9th withdrawal onwards, RM0.50 will be charged
- No fee shall be imposed for non-cash withdrawals 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.
- GIRO transaction via M2U, M2U Mobile and MyMobile.
Option 2
**Payment of RM8.00 annual fee:
- Unlimited OTC transactions and ATM cash withdrawals
- First 2 Interbank 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.
- GIRO transaction via M2U, M2U Mobile and MyMobile.
- Option of online banking via Maybank2u.com
|
Savings Band (RM) |
Split Tier Effective Profit Rate (% 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
With effect from 1 August 2022, ‘Split Tier’ profit rate calculation will be implemented. ‘Split Tier’ is a profit calculation method that separates the account balance according to the respective rate tier.
Click here for Frequently Asked Questions.
Click here to view other Savings Account Profit Rate and the Ceiling Profit Rate (CPR).
* Protected by PIDM up to RM250,000 for each depositor.
* Click here for PIDM's DIS Brochure.
Click here for Terms and Conditions