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Maybank launches new deposits promotion targeting families

Published on Sep 4, 2014 7:17 PM
 
The battle for deposits continue to heat up for banks here, with Malaysian lender Maybank firing the latest salvo. -- ST PHOTO:  KUA CHEE SIONG

SINGAPORE - The battle for deposits continue to heat up for banks here, with Malaysian lender Maybank firing the latest salvo.

The lender launched a new programme on Thursday called Maybank Family Plus, where parents who conduct more of their banking transactions with it will earn bonus interest on their children's account.

Parents can earn up to two times the regular interest on their child's savings if they do two things: put at least $200 in their child's account monthly and maintain an average balance of $2,000 or more in their own iSAVvy savings account.

If they do those two things and in addition, spend $800 on the Maybank Family and Friends Platinum MasterCard each month, they can earn up to three times the interest for their child.

 
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