Basic Savings Account-i is based on the Shariah contract of Commodity Murabahah (cost-plus-sale) where a specific asset as deemed fit by the Bank is identified and used as the underlying asset for the sale and purchase transaction between Bank and Customer.
Features
- Based on the contract of Commodity Murabahah (cost-plus-sale)
- The profit rate is pre-determined upfront and paid on every half yearly.
Option 1
- *"Pay-as-you-use" (no annual fee):
- 6 over-the-counter (OTS) visits
- 8 free ATM cash withdrawals ( on the 9th withdrawal onwards, RM0.50 will be charged plus prevailing GST rate)
- No fee shall be imposed for non-cash withdrawals transactions (e.g balance inquiry or fund transfer within Maybank)
- First 2 GIRO transactions via over-the-counter in a month at a fee of RM0.50 plus prevailing GST rate per transaction and RM2.00 plus prevailing GST rate from the 3rd transaction onwards.
- GIRO transaction via M2U, M2U Mobile and MyMobile, the charges imposed is RM0.10 plus prevailing GST rate per transaction.
Option 2
- **Payment of RM8.00 annual fee plus prevailing GST rate :
- Unlimited OTC transactions and ATM cash withdrawals
- First 2 Interbank GIRO transactions via over-the-counter in a month at a fee of RM0.50 per transaction plus prevailing GST rate and RM2.00 plus prevailing GST rate from the 3rd transaction onwards.
- GIRO transaction via M2U, M2U Mobile and MyMobile, the charges imposed is RM0.10 plus prevailing GST rate per transaction.
- Option of online banking via Maybank2u.com
* Protected by PIDM up to RM250,000 for each depositor.
* Click here for PIDM's DIS Brochure.
| PRODUCT | EFFECTIVE PROFIT RATE (%p.a.) |
|---|---|
| BASIC SAVINGS ACCOUNT-i (BSA-i) | |
| Up to 1,000 | 0.25 |
| Up to 10,000 | 0.25 |
| Up to 25,000 | 0.25 |
| Up to 50,000 | 0.25 |
| Up to 100,000 | 0.25 |
| Up to 200,000 | 0.30 |
| Up to 500,000 | 0.30 |
| Above 500,000 | 0.30 |
Effective from 7 November 2022
Click here to view other Savings Account Profit Rate and the Ceiling Profit Rate (CPR).