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

• 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
• 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 per transaction and RM2.00 from the 3rd transaction onwards.
• GIRO transaction via M2U, M2U Mobile and MyMobile.

Option 2

**Payment of RM8.00 annual fee:

• 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 and RM2.00 from the 3rd transaction onwards.
• GIRO transaction via M2U, M2U Mobile and MyMobile.
• Option of online banking via Maybank2u.com

Effective from 8 May 2023

With effect from 1 August 2022, ‘Split Tier’ profit rate calculation will be implemented. ‘Split Tier’ is a profit calculation method that separates the account balance according to the respective rate tier.

Click here for Frequently Asked Questions.

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)

* Protected by PIDM up to RM250,000 for each depositor.

* Click here for PIDM's DIS Brochure.

Click here for Terms and Conditions

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