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Save deposit interest rates masthead

Standard Chartered offers a wide range of cash management and deposit products that give you added value and benefits

Deposit Interest Rates

Savings Account

Basic Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All balances 0.25
Interest is calculated daily and paid 6-monthly. Effective date: 25/05/2009

Protected by PIDM up to RM 250,000 for each depositor

Master Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 0.10
> 50,000 – 100,000 0.10
> 100,000 – 200,000 0.10
> 200,000 – 1,000,000 0.20
Above 1,000,000 0.20
Interest is calculated daily and paid monthly. Effective date: 1 May 2020

This product is not available for new account opening effective 2 January 2013.

For existing clients, this product is protected by PIDM up to RM250,000 for each depositor.

e$aver Account
Balance Tier (MYR)
Interest Rate (% p.a.)
0 to 50,000 0.10
Above 50,000 to 100,000 0.10
Above 100,000 to 200,000 0.10
Above 200,000 to 1 Million 0.20
Above 1 Million 0.20
Interest is calculated daily and paid monthly. Effective date: 1st May 2020

Excluding e$aver Decile 1 accounts

Protected by PIDM up to RM 250,000 for each depositor

Young Savers Account
Balance Tier (RM)
Interest Rate (%)p.a.
Up to 50,000 1.70% p.a.
Above 50,000 0.25% p.a.
Interest is calculated daily and paid 6-monthly. Effective Date: 14th May 2020.

Protected by PIDM up to RM 250,000 for each depositor

SeniorSave Account
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 20,000 0.10
Above 20,000 1.00
Interest is calculated daily and paid 6-monthly. Effective Date: 5 June 2020

This product is not available for new account opening effective 2 January 2013.

For existing clients, this product is protected by PIDM up to RM250,000 for each depositor.

Privilege Savings Account (Priority Banking)
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.10
Interest is calculated daily and paid monthly. Effective date: 1st May 2020

Protected by PIDM up to RM 250,000 for each depositor

Privilege Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.10%
Interest is calculated daily and paid monthly. Effective date: 1st May 2020

Protected by PIDM up to RM 250,000 for each depositor

JustOne Personal Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.10%
Interest is calculated daily and paid monthly. Effective Date: 17 April 2020

Protected by PIDM up to RM 250,000 for each depositor

JustOne Preferred Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.10%
Interest is calculated daily and paid monthly. Effective Date: 5 June 2020

Protected by PIDM up to RM 250,000 for each depositor

JustOne Priority Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.10%
Interest is calculated daily and paid monthly. Effective Date: 5 June 2020

Protected by PIDM up to RM 250,000 for each depositor

PowerPay Account
Balance Tier (MYR)
Interest Rate (% p.a.)
0 to 50,000 0.10
Above 50,000 to 100,000 0.10
Above 100,000 to 200,000 0.10
Above 200,000 to 1 Million 0.20
Above 1 Million 0.20
Interest is calculated daily and paid monthly. Effective Date: 1st May 2020

This product is not available for new account opening effective 2 January 2013.

For existing clients, this product is protected by PIDM up to RM250,000 for each depositor.

MyDream Account
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 0.10
> 50,000 – 100,000 0.10
> 100,000 – 200,000 0.10
> 200,000 – 1,000,000 0.20
Above 1,000,000 0.20
Interest is calculated daily and paid monthly. Effective Date: 1st May 2020

This product is not available for new account opening effective 2 January 2013.

For existing clients, this product is protected by PIDM up to RM250,000 for each depositor.

Current Account

M2 Account
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 0.10
> 50,000 – 100,000 0.10
> 100,000 – 200,000 0.10
> 200,000 – 1,000,000 0.20
Above 1,000,000 0.20
Interest is calculated daily and paid monthly. Effective date: 1st  May 2020

This product is not available for new account opening effective 2 January 2013.

For existing clients, this product is protected by PIDM up to RM250,000 for each depositor.

SuperSalary Account
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 0.10
> 50,000 – 100,000 0.10
> 100,000 – 200,000 0.10
> 200,000 – 1,000,000 0.20
Above 1,000,000 0.20
Interest is calculated daily and paid monthly. Effective date: 1st May 2020

This product is not available for new account opening effective 2 January 2013.

For existing clients, this product is protected by PIDM up to RM250,000 for each depositor.

Fixed Deposit

Tenure
Interest Rate (%)P.A.
1 month 1.70% p.a.
2 months 1.70% p.a.
3 months 1.80% p.a.
4 months 1.80% p.a.
5 months 1.80% p.a.
6 months 1.85% p.a.
7 months 1.85% p.a.
8 months 1.85% p.a.
9 months 1.90% p.a.
10 months 1.90% p.a.
11 months 1.90% p.a.
12 months 2.00% p.a.
>12mths 2.00% p.a.
Interest is calculated on a contractual basis and paid upon maturity (for tenures of 1-12 months) or on a half yearly basis (for tenures of more than 12 months). Effective Date: 14th May 2020

Protected by PIDM up to RM 250,000 for each depositor

Foreign Exchange Rates

Standard Chartered Bank Malaysia Berhad

These are indicative rates and should not be construed to be applicable for any specific transaction.

Published rate as at 08/07/2020 9:02:00 AM

The below are indicative rates and subject to change.

UNIT
CURRENCY
SELLING TT/OD
BUYINGTT
BUYINGCP
SWIFT CODE
1 U.S. DOLLARS 4.3607 4.2001 4.1977 USD
1 STERLING POUNDS 5.4928 5.2561 5.2267 GBP
1 AUSTRALIAN DOLLARS 3.0626 2.8839 2.866 AUD
1 CANADIAN DOLLARS 3.2143 3.0789 3.0632 CAD
1 NEW ZEALAND DOLLARS 2.8781 2.7263 2.7096 NZD
100 CHINESE RENMINBI 62.5545 59.4653 0 CNY
1 EURO 4.9757 4.6737 4.6408 EUR
100 BANGLADESH TAKA 5.2351 4.8779 4.8391 BDT
100 BRUNEI DOLLARS 313.9969 299.3947 298.1528 BND
100 DANISH KRONERS 66.4668 63.1103 62.7316 DKK
100 SOUTH AFRICAN RANDS 25.8511 24.0669 23.8517 ZAR
100 HONGKONG DOLLARS 56.7822 53.6608 53.1748 HKD
100 INDIAN RUPEES 6.0095 5.4692 5.2067 INR
100 INDONESIAN RUPIAH 0.0311 0.0282 0.0279 IDR
100 JAPANESE YEN 4.088 3.8704 3.8537 JPY
100 NORWEGIAN KRONERS 46.4887 43.772 43.4863 NOK
100 PAKISTAN RUPEES 2.6612 2.4633 2.4437 PKR
100 SAUDI ARABIAN RIYALS 118.0531 110.3161 109.3302 SAR
100 SINGAPORE DOLLARS 313.2855 300.495 299.2487 SGD
100 SRI LANKA RUPEES 2.3818 2.2268 2.119 LKR
100 SWEDISH KRONERS 47.5507 44.8757 44.5654 SEK
100 SWISS FRANCS 467.2106 441.4026 439.1531 CHF
100 THAI BAHTS 14.3452 13.0663 12.9754 THB
100 U.A.E. DIRHAMS 0 0 0 AED

Base Rate = 2.52%

What is the base rate (BR)?

The BR we offer on this product is made up of two parts, our benchmark cost of funds (COF) and the Statutory Reserve Requirement (SRR) cost imposed by Bank Negara Malaysia. Our benchmark COF is the marginal cost of raising funds for the mortgage loans.

What are possible scenarios to trigger a change in the BR?

Our BR can rise or fall due to changes in the benchmark COF and changes in the SRR.

Changes in the benchmark COF could occur due to changes in the Overnight Policy Rate (OPR) as decided by the Monetary Policy Committee (MPC) of Bank Negara Malaysia. In addition, as the benchmark COF is the marginal cost of raising funds, it will change in line with fluctuation in the market funding condition.

SRR cost will change in line with changes in the SRR rate as decided by MPC of Bank Negara Malaysia.

Historical benchmark COF and BR in the last 3 years.

Effective date: 14 May 2020
Applicable for all new individual loan applications
Before 14 May 2020
From 14 May 2020
Reference Rate BR = 3.02% BR = 2.52%
Interest Rate BR + 1.23% BR + 1.23%
Effective Lending Rate 4.25% 3.75%
Monthly instalment (RM) 1,721.79 1,620.90
FOR ILLUSTRATION PURPOSE:
Loan Amount: RM350,000 (No Lock-In Period)
Loan Tenure: 30 years

Note: Effective Lending Rate may vary if BR or BLR changes.

Base Lending Rate = 5.70% p.a.

Effective date: 14 May 2020

Not applicable for new individual loan/financing applications from 2 January 2015 onwards

Effective date: 30 JANUARY 2020

Not applicable for new individual loan/financing applications from 2 January 2015 onwards

Foreign Currency Account

Foreign Currency Deposit Account ( FCA) interest rates are dependent on market rates and could fluctuate from day to day. Please check with your nearest branch or contact your Relationship Manager (RM) for the latest FCA interest rate.

Calculation of the interest rate on FCA account is as follows: Interest is calculated daily and paid monthly

Protected by PIDM up to RM 250,000 for each depositor

Foreign Currency Account

KLIBOR rate = 2.80%

Effective date: 1 April 2020 – 30 June 2020.

Not applicable for new individual loan / financing applications from 2 January 2015 onwards.

KLIBOR rate = 3.35%

* Click here for PIDM’s DIS Brochure