iSavvy Savings Account

The online savings account that never stops giving

With iSAVvy Savings Account, you'll not only earn attractive interest but also special additional interest on interest* for your loyalty. Plus, enjoy the ease and convenience of online banking transactions 24/7 performed at your own time.

Click here for a list of iSAVvy Special Features and Promotions

iSAVvy Savings Account Promotion
Receive S$50 Cash Credit for every S$50,000 fresh funds deposited with iSAVvy Savings Account! Find out more

Benefits

^NEW! Complimentary travel insurance¹ with a balance of at least S$200,000
Create iSAVvy Sub-accounts to help you reach your savings goals
Enjoy free insurance coverage² if you maintain a total balance of at least S$100,000 in iSAVvy Account(s)
- Personal accident insurance coverage of up to S$250,000
- Daily Cash Benefit of S$50 per day for Hospital Admission due to accident
- Accidental Medical Reimbursement of S$500 per accident
Easy cash withdrawals via your Maybank Platinum Debit Card or ATM Card
- Withdraw cash (no transaction fee) from ATMs in Singapore via the atm⁵ QFB shared ATM network
- Withdraw cash in local currencies from Maybank ATMs in Brunei, Cambodia, Indonesia^#, Malaysia, Singapore and the Philippines.
- Pay for your purchases at any EPINS participating merchants' outlets
- Make bill payments at any AXS Stations located island-wide
24-hour account access via our ATMs, cash deposit machines, PhoneBanking (Dial-Link) and Maybank2u.com.sg

Interest rate

Attractive interest that is calculated daily and credited monthly
6% interest-on-interest * for accounts with an average monthly balance of at least S$5,000 to below S$100,000
18% interest-on-interest* for accounts with an average monthly balance of at least S$100,000 to below S$200,000

Account Opening Requirements

Minimum initial deposit of S$10
Minimum 15 years of age
Singapore Citizens, Singapore Permanent Residents – Singapore NRIC
Foreigners – Passport and Employment Pass or Work Permit

Fees and charges

S$2 monthly service fee; waived with a minimum average daily balance of S$500
S$30 early account closure fee, if the account is closed within 6 months of opening
Fees and Charges apply for over-the-counter transactions

Apply for the iSAVvy Savings Account here, or visit any of our 22 Maybank Branches in Singapore.

Terms and conditions (PDF)

Questions? Our FAQ may help.

*	Terms and conditions apply. Eligibility for interest-on-interest is based on maintaining an average monthly 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
1	Additional terms and conditions apply for the travel insurance coverage. Please refer to the policy schedule (Travel) for details
2	Additional terms and conditions apply for the personal accident insurance coverage. Please refer to the policy schedule (PA) for details
#	Bank Internasional Indonesia (BII) ATMs

Important information

The iSAVvy Savings Account is a deposit account that can only be operated via Maybank Platinum Debit Card, ATM/ATM MasterCard Electronic Card, phone banking (Dial-Link) and Maybank2u.com.sg. No passbook or monthly statements will be issued. Account holders must view their transaction records via Maybank2u.com.sg. Closure of account can only be done at the Branches.

Note

Singapore dollar deposits of non-bank depositors placed with the Bank are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor as prescribed in the Deposit Insurance and Policy Owners’ Protection Schemes Act (“Act”). Singapore dollar deposits under the CPF Investment Scheme are separately insured up to S$50,000 in aggregate per depositor as prescribed in the Act. Structured deposits and other investment products are not insured under the scheme.