Maybank iSAVvy Savings Account
Reach up to 1.25% p.a. on your savings
Deposit a minimum of S$20,000 to enjoy bonus interest on iSAVvy Savings Account.
Attractive base interest of up to 0.50% p.a. Interest-on-interest1 of up to 18%
Create Sub-accounts via Online Banking to help you reach your savings goals
Online savings account gives you the ease and convenience of banking round-the-clock
Documents Requirement for Singapore Citizens or Permanent Residents
Documents Requirement for Foreigners
Each customer is only allowed to hold one iSAVvy Savings Account. If you already have an account, you may create Sub-accounts via Online Banking to help you allocate your funds for different purposes.
How to Apply Online
Only available to Singapore Citizens and Permanent Residents
i. Online application with MyInfo*Only available from 9am to 9pm. For application submitted outside this period of time, email notification with the new account number will be sent on the next business day.
ii. Online application without MyInfo
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 transactions||Fees and Charges apply for over-the-counter transactions|
|Others||Please click here to view the other Bank charges applicable for our services|
Click here to read more on iSAVvy Savings Account
Terms and Conditions
|1||Terms and conditions apply. Eligibility for interest-on-interest is based on maintaining an average daily balance of at least S$5,000 to below S$200,000 over a 6-month period, starting from the 2nd month of account opening|
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.