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Save deposit interest rates masthead
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 (RM)
Interest Rate (%)p.a.
Up to 50,000 1.40% p.a.
Above 50,000 0.25% p.a.
Interest is calculated daily and paid 6-monthly. Effective Date: 19th April 2021.

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

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.)
0 to 50,000 0.05
Above 50,000 to 100,000 0.05
Above 100,000 to 200,000 0.05
Above 200,000 to 1 Million 0.05
Above 1 Million 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.

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  (Applicable for Retail Individuals and Business Banking clients only)
Tenure
Interest/Profit Rate(% p.a.)
1 month 1.40
2 months 1.40
3 months 1.50
4 months 1.50
5 months 1.50
6 months 1.60
7 months 1.60
8 months 1.60
9 months 1.60
10 months 1.60
11 months 1.60
12 months 1.60
Above 12 months 1.60
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 April 2021

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 20/10/2021 8:55:50 AM

The below are indicative rates and subject to change.

UNIT
CURRENCY
SELLING TT/OD
BUYINGTT
BUYINGCP
SWIFT CODE
1 U.S. DOLLARS 4.2448 4.0661 4.0638 USD
1 STERLING POUNDS 5.874 5.5939 5.5626 GBP
1 AUSTRALIAN DOLLARS 3.2103 3.008 2.9893 AUD
1 CANADIAN DOLLARS 3.4471 3.2812 3.2644 CAD
1 NEW ZEALAND DOLLARS 3.0602 2.8856 2.868 NZD
100 CHINESE RENMINBI 66.9612 63.2204 0 CNY
1 EURO 4.9998 4.6696 4.6367 EUR
100 BANGLADESH TAKA 5.0625 4.6673 4.6302 BDT
100 BRUNEI DOLLARS 317.2276 300.629 299.382 BND
100 DANISH KRONERS 66.8903 63.1452 62.7662 DKK
100 SOUTH AFRICAN RANDS 29.7608 27.5091 27.2632 ZAR
100 HONGKONG DOLLARS 55.0937 51.7804 51.3114 HKD
100 INDIAN RUPEES 5.7639 5.2946 5.0405 INR
100 INDONESIAN RUPIAH 0.0308 0.0283 0.028 IDR
100 JAPANESE YEN 3.7384 3.5221 3.5069 JPY
100 NORWEGIAN KRONERS 51.4234 48.1403 47.826 NOK
100 FILIPINO PESO 8.5127 7.8679 7.7911 PHP
100 PAKISTAN RUPEES 2.5031 2.3158 2.2974 PKR
100 SAUDI ARABIAN RIYALS 114.8963 106.7982 105.8437 SAR
100 SINGAPORE DOLLARS 316.4804 301.7738 300.5222 SGD
100 SRI LANKA RUPEES 2.1542 1.9949 1.8983 LKR
100 SWEDISH KRONERS 49.7063 46.6435 46.321 SEK
100 SWISS FRANCS 464.6446 436.41 434.186 CHF
100 THAI BAHTS 13.0144 11.9336 11.8506 THB
100 U.A.E. DIRHAMS 0 0 0 AED

Base Rate = 2.27%

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.

historical-cof-july-1024x576.png (1024×576)

Effective date: 14 July 2020
Applicable for all new individual loan applications
Before 14 July 2020
From 14 July 2020
Reference Rate BR = 2.52% BR = 2.27%
Interest Rate BR + 1.23% BR + 1.23%
Effective Lending Rate 3.75% 3.50%
Monthly instalment (RM) 1,620.90 1,571.66
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 = 5.45% p.a.

Effective date: 14 July 2020

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 = 1.94%

Effective date: 1 October 2021 – 31 December 2021

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

KLIBOR rate = 3.35%

PIDM

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