Click here for Maybank Islamic Yippie-i Savings Account
Savings Account
Yippie Savings Account
Start good habits at a young age
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MINIMUM DEPOSIT
RM1
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MINIMUM BALANCE TO MAINTAIN
RM1
Save today for a tastier tomorrow!
Receive 1 (one) complimentary limited edition lunchbox when you open a Yippie account for your little one with min. RM250 initial deposit at selected branches today, while stocks last.
Click here for the selected branches list.
Perfect for Children
Higher interest rates for little ones to discover the joy of saving.
With this account, you get:
- High interest rate from your savings account, subject to 1 withdrawal per month for six consecutive months.
- Effective 1st January 2023, new Yippie Savings Account opened will be entitled to an additional bonus interest of 0.10% p.a. for up to 12 months.
- Cash rewards for excellent grades at SPM, STPM and degree-level
- Free Personal Accident (PA) coverage of up to RM100,000 for you and your child and other benefits such as medical and funeral expenses as stated below.
|
Category / Account Balance |
Sum Covered Death / TPD |
Medical Expenses |
Funeral Expenses |
|---|---|---|---|
|
Category I RM1,000 – RM5,000 |
Maximum RM30,000 ; 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
* Protected by PIDM up to RM250,000 for each depositor.
* Click here for PIDM's DIS Brochure.
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. For passport, other supporting documents that may be required are valid working/student permit, valid visa, letter of confirmation from Employer/Education Institutions (whichever is relevant)
Apply now.
Rates
What interest rates can you expect from us?
| Savings Band | Interest Rates (% p.a.) | |
|---|---|---|
| Up to RM50,000 | 2.60 | |
| Above RM50,000 | 0.40 |
*With effect from 29.01.2024
All interest / dividend rates quoted may change without prior notice. Please contact the nearest Maybank branch for the latest rates
Interest is credited twice (2) a year on 30th June and 31st December
Kawanku Savings rate will apply if you do not meet the criteria of the high Yippie interest rate.
Kawanku Savings rate will apply for account holders 18 and above.
- Replacement of ATM/bankcard: RM12
- Replacement of lost savings passbook: RM15 incl. stamp duty
- Replacement of savings passbook due to poor handling: RM10
- Early closure of account within 3 months of account opening: RM20
- Cash withdrawals at ATM facilities owned by other banks (MEPS charges): RM1
Bonus Interest
How to earn more interest?
Effective 1st January 2023, new Yippie accountholders will be entitled to an additional bonus interest of 0.10% p.a for up to 12 months from account opening (OR 2 cycles of interest 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 interest payment cycle, i.e from 1st January to 30th June, and from 1st July to 31st December, depending on account open date.
Bonus interest is paid up to a maximum of RM30,000 ADB growth.
How to calculate Bonus Interest?
Example
Customer opens new Yippie account on 25.09.2023. If eligibility criteria is met, customer will be entitled to additional bonus interest 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 Interest.
|
Customer A opens a Yippie 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 interest |
Bonus interest will cease should the new Yippie accountholder reach the age of 18 years old during the entitlement period.
Academic Cash Reward
What can you expect?
Academic Cash Reward
| Examination | Excellent Grades | Cash award |
|---|---|---|
| SPM | 8As / A+ | RM200 per accountholder |
| STPM/A-Levels | 5As / 4As and MUET Grade 6 | RM300 per accountholder |
| University Degree | 1st Class Honours | RM500 per accountholder |
How to qualify
Maintain RM1,000 in the account during the examination year for SPM, STPM/A-Levels until the date of submission for the Cash Award.
1st Class Honours Degree
The account must be opened before the accountholder reaches the age of 18. At the age of 18, the accountholder must maintain RM1,000 in the account. The account must be maintained until the date of submission for the Cash Award.
Claiming the Cash Award
The Cash Award claims must be performed at the accountholder's home branch within one (1) month from the official results announcement.
The Cash Award may only be claimed once regardless of the number of Yippie accounts held by the accountholder for each examination.
Click here for Academic Excellence Cash Award Claim Form.
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
Locate a branch
Find a Maybank branch nearby you