iSAVvy Savings Account-i


iSAVvy Savings Account-i

With an iSAVvy Savings Account-i, you'll enjoy 24/7 access to your account via online banking, phone banking and ATMs. You'll also be rewarded for your loyalty through a special dividend-on-dividend* feature.

Overview

interest rateAttractive potential hibah or "token" in the form of dividends may be distributed at the Bank's discretion to customers*. Special dividend-on-dividend feature.
Business Internet BankingRound-the-clock service with Online and Mobile Banking
Maybank Platinum Debit CardMake payments at all NETS and FlashPay acceptance points with Maybank Platinum Debit Card
  

*If dividend-on-dividend is declared, only accounts that have an average monthly balance of S$5,000 over a 6-month period are eligible for it. This dividend will be credited on the first calendar day after the end of the 6-month period, based on the dividend rate prescribed by the Bank.

Eligibility



  • Minimum age: 16 years old
    • For young individuals below 16 years of age, the account may be opened in the name of the parent or legal guardian as a Trust Account

  • Initial deposit: S$500

Documents Requirement for Singapore Citizens or Permanent Residents

  • NRIC

Documents Requirement for Foreigners

  • Passport
  • Employment Pass
  • Proof of Mailing Address (i.e. Utility/Telco/Bank statement with another bank in Singapore) where name must be the same as your Passport and Employment Pass


Account opening is subject to the Bank's approval.

Fees and Charges


Description
Fees and Charges
Fall-below fee (per month)S$2 monthly service fee; waived with a minimum average daily balance of S$500
Early Account Closure
(within 6 months)
S$30 early account closure fee, if the account is closed within 6 months of opening
Over-the-counter TransactionsFees and Charges apply for over-the-counter transactions
Others
Please click here to view the other Bank charges applicable for our services



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Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.