Maybank iSAVvy Savings Account

PROMOTION   |   benefits   |   Requirements    |   How to apply online    |   
FEES AND CHARGES    |   FAQs   |   TERMS AND CONDITIONS

Maybank iSAVvy Savings Account

Promotion

Sub-accounts

Reach up to 1.20% p.a. on your savings

Deposit a minimum of S$20,000 to enjoy bonus interest on iSAVvy Savings Account.

Find out more

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Benefits

Attractive interest rate
Attractive base interest of up to 0.50% p.a. Interest-on-interest1 of up to 18%
 Sub-accounts
Create Sub-accounts via Online Banking to help you reach your savings goals
     
convenience
Online savings account gives you the ease and convenience of banking round-the-clock
   

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Requirements

Eligibility

  • Minimum 16 years of age
  • Initial deposit of S$500

  

Documents Requirement for Singapore Citizens or Permanent Residents

  • At the branch:
    • NRIC
  • Online
    • NRIC
    • Proof of Mailing Address (i.e. Utility/Telco/Bank statement with another bank in Singapore) where name and address must be the same as your NRIC
    • Image of your signature
 

Documents Requirement for Foreigners

  • At the branch:
    • 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

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.

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How to Apply Online

Only available to Singapore Citizens and Permanent Residents

1
Apply Now
  1. Apply Online Now

  2. Please have a scanned colour copy or image of NRIC, Proof of mailing address and image of your signature ready



2
Receive Account Number
  1. You will receive an email with your new account number in a password protected PDF file by the next business day
  2. A password will be sent via SMS to the mobile number indicated on the application form to open the PDF file

If you are not our existing Online Banking customer, you will also receive:

  1. Online Banking Access ID in the PDF file
  2. Another SMS which contains your PIN to sign-up or perform a First Time Login to Online Banking



3
Activate Your New Account
  1. Make a FAST transfer of at least S$500 from your account with another bank (in the same name) to activate the new account
  2. You will receive a SMS notification once your new account is activated successfully

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Fees and charges

DescriptionFees 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
OthersPlease click here to view the other Bank charges applicable for our services

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FAQs

Click here to read more on iSAVvy Savings Account

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Terms and Conditions

1Terms 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

Read our Terms and Conditions (PDF)

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.

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