Maybank Singapore unveils online investment service for as low as S$200

From now until 30 June, the sales charge for the first $2,000 will be waived.

Maybank Singapore has launched Goal-Based Investment (GBI), an online investment service available for as low as S$200.

GBI offers investment solutions designed for specific financial goals such as retirement savings, funding education expenses, wealth generation and building a passive income stream. 

Customers can begin investing from S$200 (approximately $146.9), which is reportedly one of the lowest minimum investment amounts in unit trusts amongst banks in Singapore, Maybank said in a press release. Until 30 June 2024, the sales charge on the first S$2,000 invested will be waived. 

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Its risk-profiling questionnaire is expected to help customers ascertain their investment profiles and invest from a diverse range of unit trust funds. 

Customers can also create and track their set goals, and have the flexibility to top up their  investment through lump sum top-ups or opt for regular subscription plans through monthly deductions from their bank accounts, the bank said.

The GBI is available on Maybank’s 24/7 online banking channels, the Maybank2u Online Banking or the Maybank2u SG (Lite) app.