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Savings Account

Basic Savings Account-i

A Shariah-compliant savings account with no service and maintenance charge

  • Minimum deposit:

    RM20

Basic Savings Account-i


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.

Terms and Conditions

 

PRODUCTEFFECTIVE 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). 

Click here for Product Disclosure Sheet (EN)

Click here for Product Disclosure Sheet (BM)

How to Apply


Who can apply?

  • Malaysians and permanent residents
  • Basic Savings Account-i (BSA-i) - adult above 18 years old
  • Basic Savings Account Trust-i (BSA-i Trust) - children below 18 years old with parents or legal guardians below 60 years of age
  • Basic Savings Account Minor-i (BSA-i Minor) - teenagers aged 12 to below 18 years old

For Personal/Joint accounts

  • MyKad (IC) / Police or Armed Forces ID Card (i.e personal /joint accounts)
  • Birth Certificate and MyKid (i.e for in-trust and minor accounts)


Please also bring along any of the following secondary supporting documents:-

  • Valid Passport (if IC is produced as a Primary document)
  • Valid driving licence
  • Utility bills (e.g. water/electricity/telephone bills, Quit Rent, Assessment Notice) in the name and address of the customer opening the account
  • Letter of employment
  • Credit card

Locate a branch

Find a Maybank branch nearby you