By The Boy Who Procrastinates - March 22, 2019

First launched in 2016, Maybank will be revising the terms and conditions on the Maybank SaveUp Account for the second time with effect from 1 April 2019. This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the revised Terms and Conditions and FAQ for more information. Summary of the Current Interest Rate mechanism for Maybank SaveUp Account  Before examining the upcoming revision to the Maybank SaveUp Account, it is probably beneficial to have a good understanding and recap to its current interest rate mechanism. For ease of reference, I will briefly summarize on how an account holder can earn interest with this savings account. 


Base Interest: It is awarded according to the different balance tiers. Other than the minimum daily...