Maybank Singapore (Maybank) (SGX:MAYBANK
) has raised its bonus interest rates for three of its savings programmes to offer Singaporean customers higher returns of up to 7% p.a., starting June 1, amid competition among banks to capture a larger slice of deposits from customers.
The three savings programmes are its Save Up Programme for retail customers, Privilege Save Up Programme for its privilege clients, and Premier Save Up Programme for its premier clients. Maybank has also increased the maximum balance eligible for bonus interest on each of its programmes.
