MayBank SaveUp Programme

[luvalist]

Oh just saw the cap interest so even by doing so, $120k earns bonus interest. $80k earns 0.3125%. Forget it man.

 

[bright_84]

For privileged saveup, I was thinking of opening 2 saveup accounts under 1 name, each put $100k. Three cat to hit:

1. Salary (account 1) / giro (account 2)
2. $800 spending (under same name so hit $800)
3. Deposits of $200k in aggregate

(https://info.maybank2u.com.sg/privil...saveup-faq.pdf

But since 1 person can only have 1 saveup, I dunno how to interpret the “deposit” criteria.

Read and read but can’t figure this out. Did I miss out something?

Means you put 200k in 1 deposit.

 

[luvalist]

Then they shouldn’t put ALL saveup accounts with the SAME primary holder!

Annoying banks. 1.12% might as well put FD

Means you put 200k in 1 deposit.

 

[bright_84]

Then they shouldn’t put ALL saveup accounts with the SAME primary holder!

Annoying banks. 1.12% might as well put FD

They write it like that so that if they change their rule and allow multiple save up don't have to change document.....

 

[ciscube1]

Bye bye Maybank save up. I can easily get more than 0.8% elsewhere.

 

[assiak71]

Bye bye Maybank save up. I can easily get more than 0.8% elsewhere.

Its 1.125%. Where else? SSB? Citibank maxigain?

 

[power_range]

Why do banks do such things?
Kept changing their terms and conditions, and making us do so much hard work, shifting our money here and there.

So far only CIMB has been consistent.

 

[hwmook]

Bye bye Maybank save up. I can easily get more than 0.8% elsewhere.

Gonna say bye bye to maybank for me too. Cancel all their credit cards and close bank account next month.

 

[chopra]

i wont say bye bye to plat card leh

 

[bright_84]

i wont say bye bye to plat card leh

Why so sticky?

 

[hwmook]

i wont say bye bye to plat card leh

Their plat card is the only thing still worth keeping.

 

[assiak71]

Their plat card is the only thing still worth keeping.

But they charge no use fee if never use

 

[assiak71]

Switch to citibank maxigain or ssb?

 

[luvalist]

The card is good leh. Less limitation than uob one card

 

[yf1990]

Oh just saw the cap interest so even by doing so, $120k earns bonus interest. $80k earns 0.3125%. Forget it man.

Where did you see the interest cap?
I am thinking along the same lines as you - 2 accounts.

 

[ThreeSteps]

It is advisable to read the below t&c updates carefully.

Note: Save Up Programme will be revised from 1 April 2019:
Terms and Conditions for Save Up Programme: https://info.maybank2u.com.sg/pdf/cards/saveup-tnc.pdf
FREQUENTLY ASKED QUESTIONS ON REVISION OF SAVE UP PROGRAMME: https://info.maybank2u.com.sg/pdf/cards/saveup-faq.pdf
The Bonus Interest is only applicable to the first S$50,000


Note: Maybank Privilege customers with Save Up Programme will be automatically enrolled to Maybank Privilege Save Up Programme from 1 April 2019.
Terms and Conditions for Privilege Save Up Programme: https://info.maybank2u.com.sg/privilege/docs/privilege-saveup-tnc.pdf
FREQUENTLY ASKED QUESTIONS ON PRIVILEGE SAVE UP PROGRAMME: https://info.maybank2u.com.sg/privilege/docs/privilege-saveup-faq.pdf
The Bonus Interest is only applicable to the first S$100,000

 

[Trazora]

It is advisable to read the below t&c updates carefully.

Note: Save Up Programme will be revised from 1 April 2019:
Terms and Conditions for Save Up Programme: https://info.maybank2u.com.sg/pdf/cards/saveup-tnc.pdf
FREQUENTLY ASKED QUESTIONS ON REVISION OF SAVE UP PROGRAMME: https://info.maybank2u.com.sg/pdf/cards/saveup-faq.pdf
The Bonus Interest is only applicable to the first S$50,000


Note: Maybank Privilege customers with Save Up Programme will be automatically enrolled to Maybank Privilege Save Up Programme from 1 April 2019.
Terms and Conditions for Privilege Save Up Programme: https://info.maybank2u.com.sg/privilege/docs/privilege-saveup-tnc.pdf
FREQUENTLY ASKED QUESTIONS ON PRIVILEGE SAVE UP PROGRAMME: https://info.maybank2u.com.sg/privilege/docs/privilege-saveup-faq.pdf
The Bonus Interest is only applicable to the first S$100,000

Already discussed in this thread. Note also salary crediting and giro no longer counted as 2 categories. Very tough to meet 3 criteria. Also no point to go for priviledge save up. Time to switch out.

 

[assiak71]

Still need to read meh. Just switch to citibank maxigain

 

[power_range]

I switched over to UOB - because easier to hit the criteria, and also easier to set up the 3 giros - UOB card payment, and IRAS payments.

 

[fun4life]

I switched over to UOB - because easier to hit the criteria, and also easier to set up the 3 giros - UOB card payment, and IRAS payments.

But UOB interest almost same with Citi MaxiGain.