May Bank Saveup Acc

[flyboy]

http://info.maybank2u.com.sg/saveup/index.aspx

I am surprised there is not much talk about this high interest account by MayBank.

I did a calculation and assuming there is $50,000 in the account, and you fulfill 3 items out of 9, you get an interest rate of 2.99% P.A.

This is so far, the only bank I noticed who did not exaggerate the interest rate, but rather DOWNPLAYED it in their promotions. (2.75% bonus is on the entire $50,000 and there is 0.1875% on first $3000 and 0.25% on next $47,000).

I am eyeing this with 3 items fulfilled. 1) GIRO SALARY IN 2) GIRO INCOME TAX OUT > $300 and 3) Credit Card Spend > $500.

Any opinions anyone?

 

[hogrider88]

i am using this.

i guess becuz their credit card not popular.

 

[Trazora]

http://info.maybank2u.com.sg/saveup/index.aspx

I am surprised there is not much talk about this high interest account by MayBank.

I did a calculation and assuming there is $50,000 in the account, and you fulfill 3 items out of 9, you get an interest rate of 2.99% P.A.

This is so far, the only bank I noticed who did not exaggerate the interest rate, but rather DOWNPLAYED it in their promotions. (2.75% bonus is on the entire $50,000 and there is 0.1875% on first $3000 and 0.25% on next $47,000).

I am eyeing this with 3 items fulfilled. 1) GIRO SALARY IN 2) GIRO INCOME TAX OUT > $300 and 3) Credit Card Spend > $500.

Any opinions anyone?

There is another thread on this already.

 

[littlepinkparish]

This will be good for anyone who have high cash flow on their accounts. I would still recommend FD if anyone keen to save up for long term.

 

[paul02]

http://info.maybank2u.com.sg/saveup/index.aspx

I am surprised there is not much talk about this high interest account by MayBank.

I did a calculation and assuming there is $50,000 in the account, and you fulfill 3 items out of 9, you get an interest rate of 2.99% P.A.

This is so far, the only bank I noticed who did not exaggerate the interest rate, but rather DOWNPLAYED it in their promotions. (2.75% bonus is on the entire $50,000 and there is 0.1875% on first $3000 and 0.25% on next $47,000).

I am eyeing this with 3 items fulfilled. 1) GIRO SALARY IN 2) GIRO INCOME TAX OUT > $300 and 3) Credit Card Spend > $500.

Any opinions anyone?

My opinion is the no matter how good, it is still a Malaysian bank. Unsure if it is trustworthy compared to the others.

 

[kidu83]

First 50k should be protected by sdic

Sent from Sony E2353 using GAGT

 

[chopra]

boc smartsaver $170+ and ocbc 360 $150+ provide better returns