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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.)
All Balances 0.05
Interest is calculated daily and paid monthly. Effective 1st December 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.)
All Balances 0.05
Interest is calculated daily and paid monthly. Effective 1st December 2020

Excluding e$aver Decile 1 accounts

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

Young Savers Account
Balance Tier
Interest Rate (% p.a.)
Up to RM50,000 1.65
Above RM50,000 0.25
Interest is calculated daily and paid 6-monthly. Effective Date: 19th May 2022.

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

SeniorSave Account

 

Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.05
Interest is calculated daily and paid 6-monthly. Effective 1st December 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
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.05
Interest is calculated daily and paid monthly. Effective 1st February 2021

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 17th April 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 5th June 2020

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

PowerPay Account*
Balance Tier (MYR)
Interest Rate (% p.a.)
All Balances 0.05
Interest is calculated daily and paid monthly. Effective 1/12/2020

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.)
All Balances 0.05
Interest is calculated daily and paid monthly. Effective 1st December 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.)
All Balances 0.05
Interest is calculated daily and paid monthly. Effective 1st December 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.)
All Balances 0.05
Interest is calculated daily and paid monthly. Effective 1st December 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

Fixed Deposit and Term Deposit-i Board Rates* (Applicable for Retail Individuals and Business Banking clients only)
Tenure
Interest/Profit Rate(% p.a.)
1 month 1.65
2 months 1.65
3 months 1.75
4 months 1.75
5 months 1.75
6 months 1.85
7 months 1.85
8 months 1.85
9 months 1.85
10 months 1.85
11 months 1.85
12 months 1.85
Above 12 months 1.85
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: 19th May 2022

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 20/05/2022 8:46:38 AM

The below are indicative rates and subject to change.

UNIT
CURRENCY
SELLING TT/OD
BUYING TT
BUYINGCP
SWIFT CODE
1 U.S. DOLLARS 4.4865 4.3043 4.3018 USD
1 STERLING POUNDS 5.6119 5.3474 5.3174 GBP
1 AUSTRALIAN DOLLARS 3.1968 2.9984 2.9797 AUD
1 CANADIAN DOLLARS 3.5108 3.3486 3.3315 CAD
1 NEW ZEALAND DOLLARS 2.8854 2.7225 2.7058 NZD
100 CHINESE RENMINBI 67.3029 63.6305 0 CNY
1 EURO 4.8049 4.4936 4.462 EUR
100 BANGLADESH TAKA 5.2295 4.8383 4.7999 BDT
100 BRUNEI DOLLARS 326.5758 310.1103 308.824 BND
100 DANISH KRONERS 64.2389 60.7629 60.3982 DKK
100 SOUTH AFRICAN RANDS 28.8459 26.7062 26.4674 ZAR
100 HONGKONG DOLLARS 57.6854 54.3148 53.8229 HKD
100 INDIAN RUPEES 5.9103 5.4351 5.1742 INR
100 INDONESIAN RUPIAH 0.0311 0.0286 0.0283 IDR
100 JAPANESE YEN 3.5382 3.3423 3.3278 JPY
100 NORWEGIAN KRONERS 46.7529 43.8232 43.5371 NOK
100 FILIPINO PESO 8.7447 8.0973 8.0182 PHP
100 PAKISTAN RUPEES 2.2814 2.1155 2.0987 PKR
100 SAUDI ARABIAN RIYALS 121.4385 113.0575 112.0471 SAR
100 SINGAPORE DOLLARS 325.8276 311.2618 309.9709 SGD
100 SRI LANKA RUPEES 1.2975 1.1538 1.0979 LKR
100 SWEDISH KRONERS 45.6308 42.8873 42.5907 SEK
100 SWISS FRANCS 465.9428 438.7817 436.5456 CHF
100 THAI BAHTS 13.3362 12.2429 12.1577 THB

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: 19th May 2022
Applicable for all new individual loan applications
Before 19 May 2022
After 19 May 2022
Reference Rate BR = 2.27% BR = 2.52%
Interest Rate BR + 1.23% BR + 1.23%
Effective Lending Rate 3.50% 3.75%
Monthly instalment (RM) 1,571.66 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: 19 May 2022

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

Effective date: 30 July 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 = 1.97%

Effective date: : 1 Apr 2022 – 30 June 2022

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

PIDM

* Click here for PIDM’s DIS Brochure