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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.
Master Savings Account
Balance Tier (RM)
Interest Rate (%)p.a.
All balances 0.05
Interest is calculated daily and paid monthly. Effective Date: 1/12/2020.
e$aver Account
Balance Tier (RM)
Interest Rate (%)p.a.
All balances 0.05
Interest is calculated daily and paid monthly. Effective Date: 1/12/2020.
Young Savers Account
Balance Tier (RM)
 Interest Rate (%)p.a.
Up to 50,000 2.15
Above 50,000 0.25
Interest is calculated daily and paid 6-monthly. Effective Date: 15/09/2022.
SeniorSave Account
Balance Tier (RM)
Interest Rate (%)p.a.
All balances 0.05
Interest is calculated daily and paid monthly. Effective Date: 1/12/2020.
Privilege Savings Account
Balance Tier (RM)
Interest Rate (%)p.a.
All balances 0.05
Interest is calculated daily and paid monthly. Effective Date: 1/12/2020.
JustOne Personal Savings Account
Balance Tier (RM)
Interest Rate (%)p.a.
All Balances 0.10
Interest is calculated daily and paid monthly. Effective Date: 17/04/2020.
JustOne Preferred Savings Account
Balance Tier (RM)
Interest Rate (%)p.a.
All Balances 0.10
Interest is calculated daily and paid monthly. Effective Date: 05/06/2020.
JustOne Priority Savings Account
Balance Tier (RM)
Interest Rate (%)p.a.
All Balances 0.10
Interest is calculated daily and paid monthly. Effective Date: 05/06/2020.
PowerPay Account*
Balance Tier (RM)
Interest Rate (%)p.a.
All Balances 0.05
Interest is calculated daily and paid monthly. Effective Date: 1/12/2020
MyDream Account
Balance Tier (RM)
Interest Rate (%)p.a.
All balances 0.05
Interest is calculated daily and paid monthly. Effective Date: 1/12/2020.

Current Account

M2 Account
Balance Tier (RM)
Interest Rate (%)p.a.
All balances 0.05
Interest is calculated daily and paid monthly. Effective Date: 1/12/2020.
SuperSalary Account
Balance Tier (RM)
Interest Rate (%)p.a.
All balances 0.05
Interest is calculated daily and paid monthly. Effective Date: 1/12/2020.

Fixed Deposit

Fixed Deposit, Sustainable Fixed Deposits and Term Deposit-i Board Rates* (Applicable for Retail Individuals and Business Banking clients only)
Tenure
Interest Rate (%) p.a.
1 month 2.15
2 months 2.15
3 months 2.25
4 months 2.25
5 months 2.25
6 months 2.35
7 months 2.35
8 months 2.35
9 months 2.35
10 months 2.35
11 months 2.35
12 months 2.35
12 months and above 2.35
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: 15/9/2022

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 29/09/2022 8:59:21 AM

The below are indicative rates and subject to change.

UNIT
CURRENCY
SELLING TT/OD
BUYINGTT
BUYINGCP
SWIFT CODE
1 U.S. DOLLARS 4.7131 4.5277 4.5251 USD
1 STERLING POUNDS 5.1222 4.8825 4.8552 GBP
1 AUSTRALIAN DOLLARS 3.1016 2.9107 2.8926 AUD
1 CANADIAN DOLLARS 3.466 3.3115 3.2946 CAD
1 NEW ZEALAND DOLLARS 2.7113 2.5612 2.5455 NZD
100 CHINESE RENMINBI 65.8478 62.4553 0 CNY
1 EURO 4.6319 4.3367 4.3061 EUR
100 BANGLADESH TAKA 4.6864 4.3387 4.3042 BDT
100 BRUNEI DOLLARS 329.4555 313.4622 312.162 BND
100 DANISH KRONERS 61.9499 58.6969 58.3446 DKK
100 SOUTH AFRICAN RANDS 26.8017 24.8762 24.6538 ZAR
100 HONGKONG DOLLARS 60.584 57.1202 56.6029 HKD
100 INDIAN RUPEES 5.9222 5.4492 5.1876 INR
100 INDONESIAN RUPIAH 0.0316 0.0291 0.0288 IDR
100 JAPANESE YEN 3.2886 3.1141 3.1006 JPY
100 NORWEGIAN KRONERS 44.5235 41.7764 41.5037 NOK
100 FILIPINO PESO 8.146 7.5602 7.4864 PHP
100 PAKISTAN RUPEES 2.0669 1.92 1.9047 PKR
100 SAUDI ARABIAN RIYALS 127.0968 118.3954 117.3372 SAR
100 SINGAPORE DOLLARS 328.732 314.5818 313.2771 SGD
100 SRI LANKA RUPEES 1.3453 1.2014 1.1432 LKR
100 SWEDISH KRONERS 42.3949 39.891 39.6151 SEK
100 SWISS FRANCS 487.0509 459.2117 456.8715 CHF
100 THAI BAHTS 12.6996 11.6967 11.6154 THB

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

Standardised Base Rate = 2.50%

What is the Standardised Base Rate (SBR)?

The SBR is the reference rate that all banks will use starting from 1 August 2022 in the pricing of new retail floating-rate loans/financings, refinancing of existing retail loans/financings, and the renewal of revolving retail loans/financings from 1 August 2022. Retail loans/financings refer to loans/financings to individuals (not SMEs or businesses), while ‘floating-rate loans/financings’ refer to loans/financings where the interest/profit/rental rate can change during the lifetime of the loans/financing. The SBR is linked solely to the Overnight Policy Rate (OPR), as determined by the Monetary Policy Committee (MPC) of Bank Negara Malaysia.

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

The SBR can rise or fall due to changes in the benchmark rate, i.e. changes in Overnight Policy Rate (OPR).

Effective Date : 15 September 2022
Applicable for all new individual loan applications.

BEFORE 15 September 2022
AFTER 15 September 2022
Reference Rate SBR = 2.25% SBR = 2.50%
Interest Rate SBR + 1.75% SBR + 1.75%
Effective Lending Rate 4.00% 4.25%
Monthly instalment (RM) 1,670.95 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 SBR/ BR or BLR changes.

Historical trend of Reference Rate since January 2015 below for your reference.

Note:

  • The SBR was introduced on 1 August 2022.The dotted line in the graph and the grey numbers in the table shows the historical series of the OPR, which is the benchmark rate of the SBR.
  • Indicative effective rate refers to the indicative annual effective lending rate for a standard 30- year housing loan / home financing product with financing amount of RM350k and has no lock-in period.

 

Effective Date
Jan-15
Mar-16
Jul-16
Feb-18
May-19
Jan-20
Mar-20
May-20
Jul-20
May-22
Jul-22
Aug-22
Sep-22
Standardised Base Rate (SBR) 3.25% 3.25% 3.00% 3.25% 3.00% 2.75% 2.50% 2.00% 1.75% 2.00% 2.25% 2.25% 2.50%
Base Rate (BR) 3.67% 3.77% 3.52% 3.77% 3.52% 3.27% 3.02% 2.52% 2.27% 2.52% 2.77% 2.77% 3.02%
Base Lending Rate (BLR) /
Base Financing Rate (BFR)
6.95% 6.95% 6.70% 6.95% 6.70% 6.45% 6.20% 5.70% 5.45% 5.70% 5.95% 5.95% 6.20%
Indicative Effective Lending  (IELR) /
Indicative Financing Rate (IEFR)
4.67% 4.77% 4.52% 4.77% 4.65% 4.50% 4.25% 3.75% 3.50% 3.75% 4.00% 4.00% 4.25%

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.

Effective date: 15 September 2022
Not applicable for new individual loan/financing applications from 1 August 2022 onwards

Base Lending Rate = 6.20% p.a.

Effective date: 15 September 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

KLIBOR rate = 2.60%

Effective date: 7 July 2022 – 30 September 2022

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

*Product not available for account opening effective 2 January 2013

PIDM

* Protected by PIDM up to RM250,000 for each depositor