Savings Account-i
An affordable everyday account. Keep track of your transactions printed on a handy passbook and access your savings account easily with a Debit Card and Online Banking. The account may be opened in your child's name as a trust account with you as the sole account operator
Overview
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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 (Singaporeans/Permanent Residents)
- S$1,000 (Foreigners)
- S$0 (Foreigners with Work Permit)
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
Documents Requirement for Foreigners with Work Permit
- 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
- Your employer needs to be processing salary payment through Maybank
Account opening is subject to the Bank's approval.
Fees and Charges
Description | Fees and Charges |
| Fall-below fee (per month) | S$2 (Singaporeans and Permanent Residents) S$5 (Foreigners) When the monthly average balance falls below S$1,000 |
| Early Account Closure (within 6 months) | S$30 early account closure fee, if the account is closed within 6 months of opening |
Others | Please click here to view the other Bank charges applicable for our services |
Useful Links
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.
Important Notices
Avoid possible suspension of your unsecured credit facilities
Credit Card
Refer your friends to apply for Maybank Credit Cards and be rewarded with S$60 Cash Credit!
Receive a complimentary Samsonite Orfeo Luggage worth S$420 with Maybank Cards and Creditable
Online Security
Find out how we've made M2U secure — and how you can keep your online banking experience worry free