After being satisfied with Hari Raya Aidilfitri and finishing collecting raya money among relatives, the next step is that parents should think about where they want to keep the children's raya money so that it does not get mixed with their own money. The process of opening an account may be a little tricky for some parents because they have to go to a physical counter and this is likely that parents have to ask for more time off to open a savings account. So what is the best solution?
Maybank Yippie/-i becomes a savior for parents where they can directly open an account online in just 10 minutes* if the parents already have a Maybank account. What is even more interesting is that it can only be done through the MAE application by Maybank. This article will delve deeper into Maybank Yippie/-i.
What is a Maybank Yippie?
Before that, it's important that you first recognize what this Maybank Yippie/-i is. For your information, this Yippie/-i account is a savings bank account for children under the age of 18. This account uses the concept of a trust account where parents can control finances by being account holders until the children reach their teenage years. It offers various advantages for both parents and children to enjoy and most importantly, the Yippie/-i account from Maybank is a syariah-compliant account.
Why Should You Open a Maybank Yippie Account?
If you are a busy parent, you must be looking for the easiest way to open a children's savings account. In fact, it is better if opening an account can be done at the fingertips only. It's okay, opening a physical account may take you more time than opening a bank account online.
Therefore, Maybank Yippie/-i is the best solution because you only need to spend about 10 minutes* to open a savings account for children through the MAE application. Interesting isn't it?
Other Advantages Also Offered
Among the advantages offered when you register a Maybank Yippie/-i account is that you will enjoy attractive profit rates, free takaful protection worth up to RM100,000 for guardians or parents and children. Not only that, your children will also be able to enjoy cash for academic excellence achieved successfully through SPM, STPM exams and even degrees.
It doesn't stop there, to open a new Maybank Yippie/-i account, you only need your child's original birth certificate during the registration session. In addition, you also only need at least RM1 to deposit your Yippie/-i account and also as a minimum balance in your children's account. Interestingly, this Yippie/-i account is fully protected by PIDM.
How To Open A Maybank Yippie Account?
Before you want to open this Maybank Yippie account, as mentioned above, you need to make sure that you have already opened another Maybank savings account first. After that, you can start to the next step.
First of all, you need to click on the "Apply" section located at the bottom right and select the Yippie/-i account. For steps 1 to 3, you as a parent or guardian must fill in your own information first. Here, you only need to state your name, job, employer's name, job sector, monthly income and some other additional things. This is to ensure that the bank has complete information about you as a parent or guardian and also as an account holder in the future.
Next, in steps 4 and 5 you need to fill in the children's information such as name, birth certificate number, gender and race. Finished with filling in the information and so on, next you need to take a photo of the child's original birth certificate, read the terms and conditions and then confirm all the information that has been filled in carefully and carefully.
Lastly, you can enter any amount that exceeds RM1 and above as a deposit for account activation. So that means the Maybank Yippie account registration session is over. Now you can use it officially by saving all the duit raya that they have successfully collected into their registered Maybank Yippie/-i account.
Control And Monitor Your Child's Account Through Junior Features
Furthermore, after you have opened a Maybank Yippie/-i savings account, you can control and monitor the children's Yippie/-i account through the Junior feature on the MAE application. Among the functions of this Junior feature is that you can see all the Yippie/-i accounts that have been linked together with your M2U ID like seeing the balance in your children's accounts. In addition, you can also add money according to your will which is available in this Junior feature.
How to access Junior features? You just need to press the "View All" button first on the main view, and it will take you to the Junior button. Through it, you can see your child's Junior account and if you have more than 1 Yippie/-i account, you can change according to your children's names.
Not only that, in order to ensure that your child can enjoy savings more often, you can also set a recurring savings plan for children where you can save the children's money on a regular basis. In addition, you can also view transactions and download account bank statements directly through this Junior feature. Interestingly, parents can also personalize their Yippie/-i account names to be their children's names or vice versa.
Conclusion
In conclusion, with as fast as 10 minutes* and your child's original birth certificate, you can open a Maybank Yippie/-i savings account just through the MAE application. There is no more issue of time constraints because only through a few steps, you can save their savings for future use. Coupled with various interesting advantages such as takaful protection, cash for academic excellence and also it is fully protected by PIDM.
Furthermore, with good financial management, it can secure the future of children, especially when they need a lot of money to continue their education or start a new life.
So, let's start managing your children's finances by opening a Maybank Yippie account using the MAE application starting today.
* = Disclaimer: Only for parents who are Malaysian citizens and already have a Maybank Current Account/s or Savings Account/s with a Malaysian citizen child. If you haven't already, you can register your Maybank Current Account/s or Savings Account/s on the MAE application now.