Personal Finance
Maybank SaveUp Account Review 2023 – Is the interest rate good?
By Beansprout  •  June 10, 2023
The Maybank SaveUp Account offers an effective interest rate of up to 3.33% p.a. for up to S$75,000 of deposits. Read our Maybank SaveUp Account review to find out how to earn a higher interest on your savings. TL;DR
  • The Maybank SaveUp account offers a base interest rate of 0.25% p.a. By transacting with products with the bank, you can also earn an effective interest rate of up to 3.33% p.a. for up to S$75,000 of deposits. 
  • To earn the bonus interest, you will need to credit your salary or spend on a card, but these will only allow you to earn the bonus interest rate for a month.
  • You will need to invest, insure or borrow from the bank to earn the higher effective interest rate of up to 3.33% p.a. over a longer period of time. 
  • The interest rate of the Maybank SaveUp Account is lower than other savings accounts which require you to fulfil several criteria, such as the
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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