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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 Account1
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 0.00
> 50,000 – 100,000 0.10
> 100,000 – 200,000 0.20
> 200,000 – 1,000,000 0.30
Above 1,000,000 0.60

Interest is calculated daily and paid monthly. Effective date: 16/12/2019

1Product not available for account opening effective 2 January 2013

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

e$aver Account1
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 0.00
> 50,000 – 100,000 0.50
> 100,000 – 200,000 0.70
> 200,000 – 1,000,000 1.00
Above 1,000,000 1.20

Interest is calculated daily and paid monthly. Effective date: 16/12/2019

2Excluding 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 2.70
Above 50,000 0.25

Interest is calculated daily and paid 6-monthly. Effective Date: 15/05/2019

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

SeniorSave Account1
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 20,000 0.50
Above 20,000 1.50

Interest is calculated daily and paid 6-monthly. Effective Date: 02/01/2013

1Product not available for account opening effective 2 January 2013

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

Privilege Savings Account (Priority Banking)
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.50

Interest is calculated daily and paid monthly. Effective date: 1/10/2018

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

Privilege Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.50%

Interest is calculated daily and paid monthly. Effective date: 01/07/2018

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

JustOne Personal Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.25

Interest is calculated daily and paid monthly. Effective Date: 02/01/2013

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

JustOne Preferred Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.50

Interest is calculated daily and paid monthly. Effective Date: 02/01/2013

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

JustOne Priority Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 1.00

Interest is calculated daily and paid monthly. Effective Date: 02/01/2013

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

PowerPay Account1
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 1.00
Above 50,000 2.00

Interest is calculated daily and paid monthly. Effective Date: 15/03/2013

1Product not available for account opening effective 2 January 2013

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

MyDream Account1
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 0.00
> 50,000 – 100,000 0.10
> 100,000 – 200,000 0.20
> 200,000 – 1,000,000 0.30
Above 1,000,000 0.60

Interest is calculated daily and paid monthly. Effective Date: 16/12/2019

1Product not available for account opening effective 2 January 2013

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

Current Account

M2 Account1
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 0.00
> 50,000 – 100,000 0.10
> 100,000 – 200,000 0.20
> 200,000 – 1,000,000 0.30
Above 1,000,000 0.60

Interest is calculated daily and paid monthly. Effective date: 16/12/2019

1Product not available for account opening effective 2 January 2013

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

SuperSalary Account1
Balance Tier (RM)
Interest Rate (% p.a.)
Up to 50,000 0.00
> 50,000 – 100,000 0.10
> 100,000 – 200,000 0.20
> 200,000 – 1,000,000 0.30
Above 1,000,000 0.60

Interest is calculated daily and paid monthly. Effective date: 16/12/2019

1Product not available for account opening effective 2 January 2013

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

Fixed Deposit

 

Tenure
Interest Rate (%)p.a.
1 month 2.70% p.a. 
2 months 2.70% p.a. 
3 months 2.80% p.a. 
4 months 2.80% p.a. 
5 months 2.80% p.a. 
6 months 2.85% p.a. 
7 months 2.85% p.a. 
8 months 2.85% p.a. 
9 months 2.90% p.a. 
10 months 2.90% p.a. 
11 months 2.90% p.a. 
12 months 3.00% p.a. 
>12mths 3.00% 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: 15/11/2019

*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 20/01/20 4:27:44 AM

The below are indicative rates and subject to change.

UNIT
CURRENCY
SELLING TT/OD
BUYINGTT
BUYINGCP
SWIFT CODE
1 U.S. DOLLARS 4.1291 3.9816 3.9794 USD
1 STERLING POUNDS 5.3868 5.1617 5.1328 GBP
1 AUSTRALIAN DOLLARS 2.8746 2.7153 2.6985 AUD
1 CANADIAN DOLLARS 3.171 3.0396 3.0241 CAD
1 NEW ZEALAND DOLLARS 2.7551 2.6135 2.5975 NZD
100 CHINESE RENMINBI 60.7206 57.7815 0 CNY
1 EURO 4.6354 4.3661 4.3354 EUR
100 BANGLADESH TAKA 4.9511 4.6188 4.5821 BDT
100 BRUNEI DOLLARS 308.2721 294.042 292.8223 BND
100 DANISH KRONERS 61.7876 58.7384 58.3859 DKK
100 SOUTH AFRICAN RANDS 29.0849 27.0818 26.8398 ZAR
100 HONGKONG DOLLARS 53.6485 50.7605 50.3007 HKD
100 INDIAN RUPEES 5.9832 5.4597 5.1976 INR
100 INDONESIAN RUPIAH 0.0311 0.0284 0.0281 IDR
100 JAPANESE YEN 3.7877 3.5814 3.5658 JPY
100 NORWEGIAN KRONERS 46.9385 44.246 43.9572 NOK
100 FILIPINO PESO 8.2689 7.6941 7.619 PHP
100 PAKISTAN RUPEES 2.7137 2.537 2.5168 PKR
100 SAUDI ARABIAN RIYALS 111.7526 104.5675 103.6329 SAR
100 SINGAPORE DOLLARS 307.6158 295.1604 293.9362 SGD
100 SRI LANKA RUPEES 2.312 2.1644 2.0596 LKR
100 SWEDISH KRONERS 43.8497 41.4424 41.1558 SEK
100 SWISS FRANCS 430.7345 407.6336 405.5562 CHF
100 THAI BAHTS 13.987 12.7488 12.6602 THB
100 U.A.E. DIRHAMS 0 0 0 AED

Base Rate = 3.52%

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 2019
Applicable for all new individual loan applications
Before 14 May 2019
From 14 May 2019
Reference Rate BR = 3.77% BR = 3.52%
Interest Rate BR + 1.00% BR + 1.00%
Effective Lending Rate 4.77% 4.52%
Monthly instalment (RM) 1,829.99 1,777.56
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 = 6.70% p.a.

Effective date: 14 May 2019

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

Effective date: 14 May 2019

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

Wealth Financing: Foreign Currency Cost of Funds

Published rate as at 20/01/2020. The bank reserves the absolute right and discretion to change the rates below.

CURRENCY
BASE RATE (% P.A.)
USD 1.75
EUR 0.125
GBP 0.758
NZD 0.718
SGD 1.912
AUD 0.721
HKD 2.025
JPY 0.125

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: (Available Balance x Interest Rate)/365

Foreign Currency Account

KLIBOR rate = 3.35%

Effective date: 1 January 2020 – 31 March 2020.

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

KLIBOR rate = 3.35%

Terms and Conditions

Member PIDM

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


* Click here for PIDM’s DIS Brochure