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Savings Account

Yippie-i Account

Start good habits at a young age with a Shariah compliant savings account

  • Minimum deposit:

    RM1



Save today for a tastier tomorrow!


Receive 1 (one) complimentary limited edition lunchbox when you open a Yippie-i account for your little one with min. RM250 initial deposit at selected branches today, while stocks last.

Click here for the selected branches list.

Benefits


With this account, you get:

  • Savings based on the contract of Commodity Murabahah (cost-plus-sale)
  • Effective 1st January 2023, new Yippie-i Account opened will be entitled to an additional bonus profit of 0.10% p.a. for up to 12 months
  • Higher profit rate from your savings account, subject to 1 withdrawal per month for six consecutive months
  • Cash rewards for excellent grades at PT3, SPM, STPM and degree-level subject to a minimum account balance of RM500. 
  • Free Personal Accident Takaful Coverage (PATC) of up to RM100,000 for you and your child and other benefits as below:

    Account BalanceSum CoveredMedical BenefitFuneral Benefit
    Category I
    RM1,000 – RM5,000
    Maximum RM 30,000 ; or
    10x passbook balance (whichever is lower)
    RM1,000 RM1,000
    Category II
    Above RM5,000 – RM10,000
    Maximum RM70,000 ; or
    10x passbook balance
    (whichever is lower)
    Category III
    Above RM10,000
    Maximum RM100,000 ; or
    10x passbook balance
    (whichever is lower)

    Note: 
    The minimum account balance to enjoy the benefit is RM1,000 arising from accident related incidents
  • Access to over 5,800 MEPS ATM nationwide and PLUS networks worldwide
  • Access your account via Maybank2u.com and get prepaid reloads, free downloads and more

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

* Click here for PIDM's DIS Brochure.


Click here for Terms and Conditions

Click here for Product Disclosure Sheet (EN)

Click here for Product Disclosure Sheet (BM)

Rates

What profit rates can you expect from us?


Savings Band (RM)

Split Tier Effective Profit Rate (% p.a.)

Up to RM50,000

2.60

Above RM50,000

0.40


Effective from 29 Jan 2024

Note: The lower Effective Profit Rate (EPR) will apply if more than one (1) withdrawal is performed in a month for a consecutive of 6 months.

With effect from 1 August 2022, ‘Split Tier’ profit rate calculation will be implemented for Yippie-i accountholder aged 18 years & above. The profit rate is equivalent to Savings Account-i.


Click here to view other Savings Account Profit Rate and the Ceiling Profit Rate (CPR). 

How to Apply

For all children below 18 years of age with guardians below 60 years of age.


To apply:

Visit a Maybank branch near you with the primary documents of child and parent/guardian.


Required Primary Documents

  • Child: Original birth certificate and MyKid
  • Parents / Guardian: Original Identity Card (IC) for Malaysians and Passports for foreigners

Please also bring along any of the following secondary supporting documents:-

  • Valid Passport (if IC is produced as a Primary document)
  • Valid driving licence
  • Utility bills (e.g. water/electricity/telephone bills, Quit Rent, Assessment Notice) in the name and address of the customer opening the account
  • Letter of employment
  • Credit card                      

Apply now

Bonus Profit

How to earn more profit?


Effective 1st January 2023, new Yippie-i accountholders will be entitled to an additional bonus profit of 0.10% p.a for up to 12 months from account opening (OR 2 cycles of profit payment i.e. 30th June & 31st December).

To be eligible, customer must grow a minimum Average Daily Balance (ADB) of RM1,000 during each 6-month profit payment cycle, i.e from 1st January to 30th June, and from 1st July to 31st December, depending on account open date.

Bonus profit is paid up to a maximum of RM30,000 ADB growth.

How to calculate Bonus Profit?

Example

Customer opens new Yippie-i account on 25.09.2023. If eligibility criteria is met, customer will be entitled to additional bonus profit from 25.09.2023 to 31.12.2023 on 1st cycle and from 01.01.2024 to 30.06.2024 on 2nd cycle. Thereafter, there will be no more entitlement for Bonus Profit.

Customer A opens a Yippie-i account on 25.09.2023. Customer A registered ADB growth of RM12,000 by 31.12.2023 after minus baseline (zero)

Cycle 1 = 0.10% x RM12,000 x 98 (25.09.23 - 31.12.23) /365

= RM3.22


Customer A continues to register ADB growth of RM18,000 between the period of 01.01.2024 to 30.06.2024 after minus baseline (i.e. ADB registered in the previous cycle)

Cycle 2 = 0.10% x RM18,000 x 182 (01.01.24 - 30.06.24) /366

= RM8.95

Thereafter, customer A is no longer entitled to any bonus profit


Bonus profit will cease should the new Yippie-i accountholder reach the age of 18 years old during the entitlement period.


Be rewarded with year-long prizes worth over RM80,000 and earn up to 3.80% p.a. returns.

 

Children Year-Long Campaign Period: 1 January 2023 – 31 December 2023

Islamic Fixed Deposit-i Kids Campaign Period: 1 Feb 2023 – 31 July 2023

FIND OUT MORE

Locate a branch

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