Attention Maybank users! Maybank will implement 2 new measures in August.
1. Increase of FPX transfer limit
Maybank will increase the maximum FPX transfer limit from RM30,000 per day to RM50,000 per day starting from 1st August.
According to Maybank, if you do not adjust the FPX transfer limit by yourself after 20 August 2022, the system will automatically preset the maximum daily transfer limit of RM3,000 via FPX.
If you normally rarely use FPX to transfer or pay, you can choose to adjust the FPX transfer limit downwards to make your deposit more secure. This is because SMS TAC is required to verify the transaction when adjusting the FPX transfer limit.
2. Using Tiered Interest Calculation Method
According to Maybank, the Split Tier interest calculation mechanism will be implemented on August 1, 2022.
The current interest rate for the Maybank Savings Account is 0.20% to 0.25%, but this rate will be changed from August 1st, with higher interest rates for those who deposit more. The Current Account will be changed from October 1.
Under the Split Tier mechanism, when your deposit is less than RM2,000, you will only receive 0.05% interest per year. When your deposit is between RM2,000 and RM50,000, you will earn 0.65% interest. For deposits above RM50,000, you can earn 0.85%.
Attention! Even if your deposit exceeds RM50,000, your first RM2,000 deposit will still be calculated at 0.05% interest, RM2,000 to RM50,000 deposit will still be calculated at RM0.65% and only the remaining deposit will still be calculated at 0.85% interest.
