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Goal Savings Plan

Goal Savings Plan

Turn your desire into a Goal & Track Digitally!

Benefits


  • More disciplined goal based e-savings where the achievement of savings is displayed in the progress bar for easy tracking in the main dashboard.
  • Split-tiered interest rates, calculated daily basis and credited half-yearly in June and December
  • One-stop consolidated savings overview in online dashboard.
  • Set the Goal at no cost and no minimum amount needed.

Eligibility


  • All M2U individual and sole proprietor customers with CASA [Conventional & Islamic] are eligible to create goal savings in Maybank2u web.
  • Not applicable for Personal Savers Accounts, Overdraft accounts, Under 18 accounts (Yippie and IMTeen), accounts with Overdraft facility and Share Margin Financing accounts.

Features


Create Goal

  • Create Goal with any of your CASA account via Maybank2u Web
  • Create up to 5 Goals at any one time
  • No minimum or maximum amount
  • Minimum goal duration is 3 months and maximum up to 120 months [10 years]
  • Once a goal is created, savings will be debited from CASA and credited into Goal Savings monthly based on the duration opted for.


Top Up Goal

  • You can at any time top up your Goal Savings should you wish to achieve your goal sooner or save more than the desired amount.
  • Simply click at the goal button to complete top up.


Extend Goal Duration

  • Extension of Goal duration is allowed only when there are lapses in monthly savings.
  • The option to extend will appear only when monthly savings is defaulted. Also extension of duration is restricted to the total number of months lapsed. E.g. if you lapse twice in a year, extension allowed for twice only.


Goal Closure

  • Goal Savings will be auto-closed on maturity and the savings will be credited back to the CASA account where the plan was created.
  • Goal Savings will be auto-closed when monthly contribution to Goal plan lapsed more than 3 times per calendar year.
  • You can close Goal anytime, however no interest will be paid for closure of Goal before maturity.
  • No partial withdrawal is allowed.

Interest


Split-tiered Interest rates will be paid to CASA account tied to the respective Goal Savings every 30 June & 31 December.

Savings Band

Interest Paid
(% p.a.)

First RM1,000

0.30

Above RM1,000 to RM10,000

0.30

Above RM10,000 to RM25,000

0.35

Above RM25,000 to RM50,000

0.40

Above RM50,000 to RM100,000

0.65

Above RM100,000 to RM200,000

1.10

Above RM200,000 to RM500,000

1.15

Subsequent balances above RM500,000

1.20

 

Click here to view How to Create, Top-Up Goal!

More information


Click here for FAQ

Click here to find out how you can double up your savings with Goal Savings Plan