Benefits

• "Hibah" or "token" in the form of dividends may be distributed at the Bank's discretion
• Easy cash withdrawals via your Maybank Platinum Debit Card or ATM Card
  • Withdraw cash (no transaction fee) from ATMs in Singapore via the atm⁵ - Shared ATM Network
  • Withdraw cash in local currencies from Maybank ATMs in Brunei, Cambodia, Indonesia, Malaysia, Singapore and the Philippines
• Pay for your purchases using your Maybank Card^ linked to your Current or Savings account via NETS at any of the participating merchants' outlets. The amount spent will be directly debited from your primary Maybank Current or Savings account
• Easy transaction monitoring- update your passbook at any Branch or Passbook Update Machine to view transaction details.
• 24-hour account access via our ATMs, cash deposit machines, PhoneBanking (Dial-Link) and Online Banking (www.maybank2u.com.sg).

Minimum initial deposit

• S$500 for Singaporeans, Singapore Permanent Residents
• S$1,000 for Foreigners

Who can apply

• Singapore Citizens, Singapore Permanent Residents
  • Minimum 16 years of age
• Foreigners
  • Minimum 16 years of age
  • For Work Permit holders, your employer needs to be processing salary payment through Maybank
• 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
• Available as a personal or joint account

Required documents

• Singapore Citizens, Singapore Permanent Residents – Singapore NRIC
• Foreigners
  - Passport and Employment Pass or Work Permit; and
  - An original copy of the latest bank statement, utility or telecommunications bill with your residential address indicated

Fees and charges

• Singapore Citizens, Singapore Permanent Residents
  • S$2 monthly service fee; waived with a minimum average daily balance of S$1,000
• Foreigners
  • S$5 monthly service fee; waived with a minimum average daily balance of S$1,000
  • For Work Permit holders (with accounts opened on or after 24 March 2014): a S$500 maintenance amount shall be held in the account and will not be available for withdrawal until the account is closed.
• Fees and charges related to Savings Account-i
• Please click here for bank charges on other frequently used services and transactions

To enjoy the convenience of an everyday account, apply for your Savings Account-i at any of our Branches in Singapore.

Terms and conditions (PDF)

Questions? Our FAQ may help.

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.