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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.)
Up to 50,000 0.05
> 50,000 – 100,000 0.05
> 100,000 – 200,000 0.05
> 200,000 – 1,000,000 0.15
Above 1,000,000 0.15
Interest is calculated daily and paid monthly. Effective date: 1 August 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.)
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 0.15
Above 1 Million 0.15
Interest is calculated daily and paid monthly. Effective date: 1 August 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 1.45% p.a.
Above 50,000 0.25% p.a.
Interest is calculated daily and paid 6-monthly. Effective Date: 14th July 2020.

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

SeniorSave Account

 

Balance Tier (RM)
Interest Rate (% p.a.)
0-50,000 0.05
Above 50,000 to 100,000 0.05
Above 100,000 to 200,000 0.05
Above 200,000 to 1,000,000 0.15
Above 1,000,000 0.15
Interest is calculated daily and paid 6-monthly. Effective Date: 1 August 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 (Priority Banking)
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.10
Interest is calculated daily and paid monthly. Effective date: 1st May 2020

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

Privilege Savings Account
Balance Tier (RM)
Interest Rate (% p.a.)
All Balances 0.10%
Interest is calculated daily and paid monthly. Effective date: 1st May 2020

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 Date: 17 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 Date: 5 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 0.15
Above 1 Million 0.15
Interest is calculated daily and paid monthly. Effective Date: 1 August 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.)
Up to 50,000 0.05
> 50,000 – 100,000 0.05
> 100,000 – 200,000 0.05
> 200,000 – 1,000,000 0.15
Above 1,000,000 0.15
Interest is calculated daily and paid monthly. Effective Date: 1 August 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.)
Up to 50,000 0.05
> 50,000 – 100,000 0.05
> 100,000 – 200,000 0.05
> 200,000 – 1,000,000 0.15
Above 1,000,000 0.15
Interest is calculated daily and paid monthly. Effective date: 1 August 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.)
Up to 50,000 0.05
> 50,000 – 100,000 0.05
> 100,000 – 200,000 0.05
> 200,000 – 1,000,000 0.15
Above 1,000,000 0.15
Interest is calculated daily and paid monthly. Effective date: 1 August 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 1.45
2 months 1.45
3 months 1.55
4 months 1.55
5 months 1.55
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: 5th August 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 21/10/2020 8:39:07 AM

The below are indicative rates and subject to change.

UNIT
CURRENCY
SELLING TT/OD
BUYINGTT
BUYINGCP
SWIFT CODE
1 U.S. DOLLARS 4.2247 4.0661 4.0638 USD
1 STERLING POUNDS 5.4939 5.2556 5.2262 GBP
1 AUSTRALIAN DOLLARS 3.02 2.8417 2.824 AUD
1 CANADIAN DOLLARS 3.232 3.0929 3.0771 CAD
1 NEW ZEALAND DOLLARS 2.8057 2.6564 2.6401 NZD
100 CHINESE RENMINBI 63.6919 60.4514 0 CNY
1 EURO 5.0607 4.7504 4.7169 EUR
100 BANGLADESH TAKA 5.0814 4.6985 4.6611 BDT
100 BRUNEI DOLLARS 313.1172 298.2763 297.0391 BND
100 DANISH KRONERS 67.6838 64.2027 63.8174 DKK
100 SOUTH AFRICAN RANDS 26.1484 24.3123 24.095 ZAR
100 HONGKONG DOLLARS 55.0119 51.9483 51.4777 HKD
100 INDIAN RUPEES 5.9078 5.3749 5.1169 INR
100 INDONESIAN RUPIAH 0.0296 0.027 0.0267 IDR
100 JAPANESE YEN 4.0433 3.8243 3.8077 JPY
100 NORWEGIAN KRONERS 46.1241 43.3892 43.1059 NOK
100 FILIPINO PESO 8.8778 8.2293 8.1489 PHP
100 PAKISTAN RUPEES 2.6633 2.4583 2.4387 PKR
100 SAUDI ARABIAN RIYALS 114.3694 106.8154 105.8607 SAR
100 SINGAPORE DOLLARS 312.386 299.4036 298.1618 SGD
100 SRI LANKA RUPEES 2.3245 2.1721 2.0669 LKR
100 SWEDISH KRONERS 48.8396 46.0476 45.7291 SEK
100 SWISS FRANCS 471.0905 444.2414 441.9774 CHF
100 THAI BAHTS 13.907 12.6933 12.6051 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 = 1.97%

Effective date: 1 October 2020 – 31 December 2020.

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

KLIBOR rate = 3.35%

* Click here for PIDM’s DIS Brochure