I missed this announcement completely! MayBank iSAVvy Savings Account interest rates was revised on 4 April 2008, which is more than 2 weeks ago. Currently, they are offering only at 0.88% for daily balance of S$5,000 to below S$50,000. This is from the previous 1.08%. 1.08% interest rate was from 4 February 2008 onwards and exactly 2 months from that point, it is revised again.
iSAVvy's competitor Standard Chartered's e$aver is now offering 0.78%.
My previous post on e$aver and iSavvy
http://hongjun.blogspot.com/2008/03/standard-chartereds-eaver-accounts.html
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