Why should I open a Maybank2u Savers-i account?
Maybank2u Savers-i is a Shariah-compliant savings account structured under the Shariah contract of Commodity Murabahah, where Maybank acts as your agent to carry out the underlying trading transactions on your behalf.
In plain terms, this means your savings grow through profit rather than interest, while still rewarding everyday banking habits: a base profit rate applies automatically to your balance, and you can earn bonus profit of up to 6.00% p.a. by completing Missions each month.
To open an account at any Maybank or Maybank Islamic branch, you will need RM250 as an initial deposit. If you wish to open an account online, the initial deposit is only RM100.
What can I get from Maybank2u Savers-i?
This account works much like any other Maybank2u account, with the digital convenience below built in:
- Passbookless - save printing cost and tree cutting via Maybank2u internet banking, where you can check your statement, perform fund transfers, pay bills, etc.;
- MAE by Maybank2u mobile apps installed on your smartphone for those who are always on the go;
- Kawanku Phone Banking for a more secure and personalised experience;
- Maybank Debit Card for unlimited cash withdrawals and payment of goods and services (some say it's better than paying with cash!)
What makes this account earn its keep is in the bonus profit tiers. After your Mandatory Deposit Mission is fulfilled, every Eligible Mission you stack, up to a maximum of three a month, moves you up a tier: Pay & Reload (bill payment, JomPAY, prepaid reload, QR Scan & Pay), auto financing instalment, property financing instalment, and credit card spend.
One thing worth highlighting is that if you hold both conventional and Islamic card types, only spending on a Maybank Islamic Credit Card-i counts toward the Credit Card Spend Mission here. Spending on a Maybank Conventional Credit Card is not eligible for this account.
Who can apply for a Maybank2u Savers-i account?
Any individuals 18 years old and above, with a valid IC, Police ID, or passport, can apply for the Maybank2u Savers-i account. The account is for individuals only and is not available to joint account holders, sole proprietorships, or other business entities.
A RM250 initial deposit (if you open an account via a Maybank branch) or RM100 initial deposit (if you open an account online) is required to open the account, and a balance of at least RM20 must be kept at all times.
Are there fees and charges I should know?
As an Islamic Commodity Murabahah savings account, Maybank2u Savers-i is eligible for a physical passbook. Losing yours costs RM15 to replace, including stamp duty, while a replacement for one damaged through poor handling costs RM10.
For existing Maybank customers, your Debit Card will be automatically linked to your Maybank2u Savers-i account, whereas there is no fee for the issuance of a Debit Card for new-to-bank customers. A lost or damaged ATM card is replaced for RM12.
Over-the-counter transactions, such as withdrawals under RM5,000, cost a RM5 service charge, since these can be done for free via Maybank2u or any Maybank kiosk. The same RM5 charge applies if you close the account over the counter rather than online via Maybank2u. Closing within 3 months of activation also incurs a separate RM20 early closure fee.
Is it safe to keep my money in this savings account?
Absolutely. In fact, your savings money will be guaranteed by PIDM for up to RM250,000.
