Q1. How do I enrol in Maybank Premier Save Up?

i. Be a Maybank Premier client,

ii. Be the primary account holder of a SaveUp Account and

iii. Take up any 1 or more of the Qualifying Products

Q2. I am a Maybank Premier client and have an existing SaveUp Account. Is there anything else that I need to do to enrol in Maybank Premier Save Up?

No, you would automatically be enrolled in the programme.

Q3. How do I open a SaveUp Account?

You may open the SaveUp Account via any of the following methods:

- Online via Maybank2u.com.sg (for Singapore Citizens and Permanent Residents only)

- At any of the Maybank Branches in Singapore

Q1. How is Bonus Interest calculated?

You will receive 2 types of interest on your SaveUp account balance every month.

i. Base Interest:

This will be accorded based on the table below and credited at the end of the month.

ii. Bonus Interest

This will be paid on the first S$150,000 in the Save Up Account with the highest average daily balance, based on the number of qualifying products held per month, and will be credited on the 17^th of the following month.

Example:

Account Balance in your SaveUp Account: S$100,000

GIRO S$2,000 every month to other billing organisations
+
Spend S$3,000 every month on your Maybank Premier World Mastercard
+
Purchase a Unit Trust of S$100,000

Total No. of Qualifying Products: 3

For 6 months, S$270.58 interest per month.
Total interest = Base interest of S$20.58 per month + Bonus interest of S$250 per month

Q2. When will my Bonus Interest be credited?

Except for Loans and Insurance Products, Bonus Interest will be tabulated at the end of the calendar month and credited into your SaveUp account by the 17^th of the following month.

For Loans and Insurance Products, Bonus Interest will be tabulated in the following month after the loan is disbursed and credited into your SaveUp Account by the 17^th of the second month.

Q3. If I have more than one SaveUp Account, which SaveUp Account will the Bonus Interest be credited into?

If you are the primary holder of more than one SaveUp Account, the Bonus Interest will be credited into the SaveUp Account with the highest average daily balance for the month.

Q4. Will I still qualify for the Bonus Interest if my SaveUp Account is closed?

No, the SaveUp Account must be active in order for you to qualify for Bonus Interest.

Q1. What are the requirements for GIRO payment to be a Qualifying Product?

i. GIRO amount must be debited from your SaveUp Account
ii. GIRO payments are made to other billing organisations and
iii. Meet a minimum aggregated transaction amount of S$1,000 within one calendar month
Payments to Maybank, Etiqa Insurance Pte. Ltd. and Maybank Kim Eng Securities are excluded.

Q2. What are the requirements for Salary Crediting to be a Qualifying Product?

i. Salary must be credited into your SaveUp Account,
ii. credited Via interbank GIRO salary credit or using Maybank Payroll and
iii. meet a minimum aggregated transaction amount of S$6,000 within one calendar month

Q3. If I meet both the minimum salary credit amount and the minimum aggregate GIRO debit amount, will I have 2 qualifying products?

No, it will be considered as 1 Qualifying Product.

Q4. Is bill payment via internet banking considered a GIRO transaction?

No, internet bill payment is not a GIRO transaction. To sign-up for interbank GIRO debiting from your SaveUp Account, please obtain a GIRO form from your billing organisation and submit the completed form with your SaveUp Account number to your billing organisation.

Q1. What are the requirements for Deposits to be a Qualifying Product?

Have a minimum deposit balance of S$300,000 per month based on the total aggregated average daily balances of all SaveUp accounts where you are the primary account holder.
Balances in all other types of accounts or SaveUp Accounts of which you are the joint account holder will be excluded.
Do note that you will earn bonus interest on the first S$150,000 of your average deposit balance, the remaining balance will earn prevailing base rates.

Q2. How is average daily balance determined?

This is determined by computing the sum of every day-end balance in your account for a calendar month divided by the number of days in that month.

Q1. What are the requirements for Credit Card spend to be a Qualifying Product?

Transact a minimum amount of S$1,500, or equivalent within one calendar month on your Maybank Premier World Mastercard.
Transactions posted (posting date) within the same calendar month will be aggregated to determine its eligibility.

Q2. If I own more than 1 Maybank Credit Card, can I combine my monthly spending to qualify for the Bonus Interest?

Only spending on the Maybank Premier World Mastercard will qualify.

Q3. Are all types of transactions included in the aggregation of the minimum spend of S$1,500?

Only retail transactions charged to the Maybank Premier World Mastercard are included in the aggregation of the minimum S$1,500 spend. Card transactions which are not eligible for rebates include:

• transactions arising from the use of the Card at an ATM or NETS;
• FlexiCash, Cash advance, Fund Transfer, 0% Instalment Payment Plans, FlexiPay, EZ-Link, Transit Link, Skrill, AXS, SAM, interest charges, late payment charges, finance charges, annual fees, reversals and other miscellaneous charges charged by a Customer to his/her Card.
• any refunded, disputed, unauthorised or fraudulent retail purchases as well as Goods and Services Tax (GST); and
• any amount charged to Cards that are subsequently cancelled, voided or reversed. The amount will be deducted from the total spend amount in the month that it is cancelled, voided or reversed.
• topping up the PayPal wallet with the Card and paying through the wallet.

Q4. Is the minimum card spend based on my card statement cycle?

No, the minimum spend of S$1,500 on the Maybank Premier World Mastercard is calculated based on the transactions posted in the current calendar month and not the card statement cycle.
Transactions made within the calendar month (e.g. April) but are posted in the following month (e.g. May) will be considered as the following month’s (i.e. May) spend amount.

Q5. Are transactions performed by supplementary card holders included in the aggregation of the minimum spend of S$1,500?

Yes, transactions performed by supplementary card holders are aggregated with the spending of the principal card holders in each calendar month.

Q6. If I have the SaveUp Account and hold a supplementary Maybank Premier World Mastercard, will I be eligible for the Bonus Interest?

No. To be eligible for the Bonus Interest, you have to be the Principal Cardholder and primary SaveUp Account holder.

Q1. What are the requirements for Dual Currency Investment to be a Qualifying Product?

i. Invest in Dual Currency Investments of minimum 14 days' tenure
ii. Meet a minimum aggregated amount of S$100,000 or equivalent within one calendar month based on the value date of the respective investments

Q1. What are the requirements for Structured Deposit to be a Qualifying Product?

Place a minimum aggregated amount of S$100,000 in Structured Deposits within one calendar month.
Placements with deposit start dates within the same calendar month will be aggregated to determine its eligibility.

Q1. What are the requirements for Unit Trust to be a Qualifying Product?

Invest in unit trusts with a minimum aggregated amount of S$75,000 within one calendar month.
Investments with trade dates within the same calendar month will be aggregated to determine its eligibility.
If your unit trusts are in foreign currency share classes, they will be converted based on the bank’s prevailing exchange rates at the end of each month.
Unit trusts cancelled within the 7-day cancellation period will be excluded.

Q2. What are the list of Unit Trust funds eligible under this programme?

All funds in the Retail/Premier platform are eligible for this Programme, except for funds with zero sales charge.

Q1. What are the requirements for Structured Notes to be a Qualifying Product?

Invest in structured notes with a minimum aggregated nominal amount of $200,000 (refers to absolute value e.g. AUD200,000 or USD200,000) within one calendar month. Investments with settlement dates within the same calendar month will be aggregated to determine its eligibility.

Q1. What are the requirements for Fixed Income Securities to be a Qualifying Product?

Invest in fixed income securities with a minimum aggregated nominal amount of $200,000 (refers to absolute value e.g. AUD200,000 or USD200,000).
Investments with settlement dates within the same calendar month will be aggregated to determine its eligibility.

Q1. What are the requirements for Regular Premium Insurance to be a Qualifying Product?

Purchase Regular Premium Insurance Policy(ies) with a minimum aggregated amount of S$10,000 annual premium within one calendar.
Policies with inception dates within the same calendar month will be aggregated to determine its eligibility.
Insurance Policies cancelled within the 14-day free-look period would be excluded

Q2. What are the requirements for Single Premium Insurance to be a Qualifying Product?

Purchase Single Premium Insurance Policy(ies) with a minimum aggregated amount of S$150,000 premium within one calendar month.
Policies with inception dates within the same calendar month will be aggregated to determine its eligibility.
Insurance Policies cancelled within the 14-day free-look period would be excluded  

Q1. What are the requirements for Home Loan to be a Qualifying Product?

Be a principal borrower of a home loan (Singapore) for a minimum loan amount of S$800,000 and/or home loan (overseas) for a minimum loan amount of S$500,000 or equivalent per loan account.

If you have multiple loans, the highest loan amount will be used to determine its eligibility.

Q2. Must the SaveUp account be used as the loan servicing account for the home loan to be considered as a Qualifying Product?

No, it is not required for the SaveUp account to be used as the loan servicing account to be considered as a Qualifying Product.

Q1. If my car loan (S$90,000) was disbursed on 15 March 2019, will it be considered as a Qualifying Product?

No, the car loan will not be considered as a Qualifying Product as only car loans which are disbursed from 1 April 2019 onwards will be considered as Qualifying Products.

Q2. If my car loan (S$100,000) was disbursed on 10 May 2021, when will the Bonus Interest be credited to my SaveUp account?

As your car loan was disbursed on 10 May 2021, the Bonus Interest will be calculated end of June 2021 and the first bonus interest will be credited to your SaveUp account on 17 July 2021.

Q1. I am currently not a Maybank Premier client but recently purchased some investment products that meets the minimum qualifying amount for Maybank Premier Save Up.
Can I enjoy the bonus interest if I sign up as a Maybank Premier client today?

Your bonus interest will be calculated from the calendar month which you are onboarded to Maybank Premier.
 
Example: You invested S$80,000 in unit trust on 1 April 2021 and joined Maybank Premier on 1 May 2021.
 
You will earn bonus interest of 0.2% p.a. for the remaining 11 months under Premier Save Up programme from May 2021 to March 2022.