Yippie Savings Account

Click here for Maybank Islamic Yippie-i Savings Account

With this account, you get: 

• High interest rate from your savings account, subject to 1 withdrawal per month for six consecutive months.
• Effective 1^st January 2023, new Yippie Savings Account opened will be entitled to an additional bonus interest of 0.10% p.a. for up to 12 months.
• Cash rewards for excellent grades at SPM, STPM and degree-level
• Free Personal Accident (PA) coverage of up to RM100,000 for you and your child and other benefits such as medical and funeral expenses as stated below.

Note: The minimum account balance to enjoy the benefit is RM1,000 arising from accident-related incidents

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

* Click here for PIDM's DIS Brochure.

To apply:

Visit a Maybank branch near you with the primary documents of child and parent/guardian.

Required Primary Documents

• Child: Original birth certificate and MyKid
• Parents / Guardian: Original Identity Card (IC) for Malaysians and
• Passports for foreigners. For passport, other supporting documents that may be required are valid working/student permit, valid visa, letter of confirmation from Employer/Education Institutions (whichever is relevant)

Apply via the MAE app

*With effect from 27 Sep 2024

All interest / dividend rates quoted may change without prior notice. Please contact the nearest Maybank branch for the latest rates

Interest is credited twice (2) a year on 30th June and 31st December

Kawanku Savings rate will apply if you do not meet the criteria of the high Yippie interest rate.

Kawanku Savings rate will apply for account holders 18 and above.

• Replacement of ATM/bankcard: RM12
• Replacement of lost savings passbook: RM15 incl. stamp duty
• Replacement of savings passbook due to poor handling: RM10
• Early closure of account within 3 months of account opening: RM20
• Cash withdrawals at ATM facilities owned by other banks (MEPS charges): RM1

Effective 1^st January 2023, new Yippie accountholders will be entitled to an additional bonus interest of 0.10% p.a for up to 12 months from account opening (OR 2 cycles of interest payment i.e. 30th June & 31st December).

To be eligible, customer must grow a minimum Average Daily Balance (ADB) of RM1,000 during each 6-month interest payment cycle, i.e from 1st January to 30th June, and from 1st July to 31st December, depending on account open date.

Bonus interest is paid up to a maximum of RM30,000 ADB growth.

How to calculate Bonus Interest?

Example

Customer opens new Yippie account on 25.09.2023. If eligibility criteria is met, customer will be entitled to additional bonus interest from 25.09.2023 to 31.12.2023 on 1^st cycle and from 01.01.2024 to 30.06.2024 on 2^nd cycle. Thereafter, there will be no more entitlement for Bonus Interest.

Bonus interest will cease should the new Yippie accountholder reach the age of 18 years old during the entitlement period.

Academic Cash Reward

How to qualify

Maintain RM1,000 in the account during the examination year for SPM, STPM/A-Levels until the date of submission for the Cash Award.

1st Class Honours Degree

The account must be opened before the accountholder reaches the age of 18. At the age of 18, the accountholder must maintain RM1,000 in the account. The account must be maintained until the date of submission for the Cash Award.

Claiming the Cash Award

The Cash Award claims must be performed at the accountholder's home branch within one (1) month from the official results announcement.

The Cash Award may only be claimed once regardless of the number of Yippie accounts held by the accountholder for each examination.

Click here for Academic Excellence Cash Award Claim Form.