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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 (MYR)
Interest Rate (% p.a.)
0 to 50,000 0.00
Above 50,000 to 100,000 0.50
Above 100,000 to 200,000 0.70
Above 200,000 to 1 Million 0.90
Above 1 Million 1.20

Interest is calculated daily and paid monthly. Effective date: 1st April 2020

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 2.20% p.a.
Above 50,000 0.25% p.a.

Interest is calculated daily and paid 6-monthly. Effective Date: 10th March 2020.

*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 (MYR)
Interest Rate (% p.a.)
0 to 50,000 0.00
Above 50,000 to 100,000 0.50
Above 100,000 to 200,000 0.70
Above 200,000 to 1 Million 0.90
Above 1 Million 1.20

Interest is calculated daily and paid monthly. Effective Date: 1st April 2020

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 2.20% p.a.
2 months 2.20% p.a.
3 months 2.30% p.a.
4 months 2.30% p.a.
5 months 2.30% p.a.
6 months 2.35% p.a.
7 months 2.35% p.a.
8 months 2.35% p.a.
9 months 2.40% p.a.
10 months 2.40% p.a.
11 months 2.40% p.a.
12 months 2.50% p.a.
>12mths 2.50% 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: 10th March 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 02/04/2020  5:13:47 AM

The below are indicative rates and subject to change.

UNIT
CURRENCY
SELLING TT/OD
BUYINGTT
BUYINGCP
SWIFT CODE
1 U.S. DOLLARS 4.4412 4.2795 4.277 USD
1 STERLING POUNDS 5.5303 5.2925 5.2629 GBP
1 AUSTRALIAN DOLLARS 2.7432 2.5875 2.5714 AUD
1 CANADIAN DOLLARS 3.1583 3.0269 3.0114 CAD
1 NEW ZEALAND DOLLARS 2.6678 2.5276 2.5121 NZD
100 CHINESE RENMINBI 62.9316 59.8627 0 CNY
1 EURO 4.9168 4.628 4.5954 EUR
100 BANGLADESH TAKA 5.3225 4.9622 4.9227 BDT
100 BRUNEI DOLLARS 311.8696 296.2563 295.0274 BND
100 DANISH KRONERS 65.6405 62.3331 61.959 DKK
100 SOUTH AFRICAN RANDS 24.7953 23.0537 22.8477 ZAR
100 HONGKONG DOLLARS 57.8192 54.6638 54.1687 HKD
100 INDIAN RUPEES 6.0306 5.4882 5.2248 INR
100 INDONESIAN RUPIAH 0.0277 0.0254 0.0251 IDR
100 JAPANESE YEN 4.183 3.9516 3.9345 JPY
100 NORWEGIAN KRONERS 43.0153 40.4471 40.183 NOK
100 PAKISTAN RUPEES 2.7136 2.5363 2.5161 PKR
100 SAUDI ARABIAN RIYALS 119.844 111.949 110.9485 SAR
100 SINGAPORE DOLLARS 311.3128 298.7836 297.5444 SGD
100 SRI LANKA RUPEES 2.3854 2.2212 2.1136 LKR
100 SWEDISH KRONERS 44.8073 42.1256 41.8343 SEK
100 SWISS FRANCS 463.9304 438.7597 436.5237 CHF
100 THAI BAHTS 13.7958 12.592 12.5044 THB
100 U.A.E. DIRHAMS 0 0 0 AED

Base Rate = 3.02%

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: 10 March 2020
Applicable for all new individual loan applications
Before 10 March 2020
From 10 March 2020
Reference Rate BR = 3.27% BR = 3.02%
Interest Rate BR + 1.23% BR + 1.23%
Effective Lending Rate 4.50% 4.25%
Monthly instalment (RM) 1,773.40 1,721.79
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 = 6.20% p.a.

Effective date: 10 March 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: (Available Balance x Interest Rate)/365

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%

Terms and Conditions

Member PIDM

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


* Click here for PIDM’s DIS Brochure