Revision In Maybank Isavvy Account

New interest rates as of 20 oct 2008
Daily balance of below S$5,000 0.25%p.a
Daily balance of S$5,000 to below S$50,000 1.08%p.a.
Daily balance of S$50,000 and above 1.38%p.a.


Old interest rates
Daily balance of below S$5,000 0.25%p.a
Daily balance of S$5,000 to below S$50,000 0.88%p.a.
Daily balance of S$50,000 and above 1.18%p.a.



No catch! Its a good 'normal savings account'

Advantage

• Good interest rate!
• No lock in period, you can withdraw the money any time you want
• For above $50,000 its better than Standard Chartered e$aver
  

Disadvantage

• No bank book, everything is done online
• Cannot draw money over the counter, but if you want they will charge a nominal fee
  
• Maximum internet bank transfer of $10,000 per day. But i guess this is a lot for most people
• For below $50,000 its not as good as Standard Chartered e$aver.
  

More information can be found at : http://info.maybank2u.com.sg/wmc/deposits_rates_revision.asp