Privilege Plus Savings Account
Privilege Plus Savings Account offers our privileged customers aged 50 years old and above with attractive interest rates on their savings and protects them with free personal accident insurance coverage.
Privilege Plus Savings Account Promotion
Maximise your savings during your golden years with Maybank Privilege Plus Savings account. You can make the most out of your savings from this account, enjoy higher interest rates and complimentary insurance coverage.
Receive a Samsung Galaxy Tab A 7” Wi-Fi (Retail Price S$168) with S$38,000 deposit or a Bushnell Golf Tour V4 Laser Rangefinder - Asian Pack (worth $515) when you make a deposit of S$80,000 into your MayBank Privilege Plus Savings Account and register for PayNow at any Maybank branch today!
10% off weekend room rates at Royal Plaza on Scotts
15% off 1kg whole cake at The Fullerton Hotel Singapore
15% off whole cake at Emicakes
S$500 off any dispensers with promo code "MBBDAY" for online purchases
10% off regular-priced health supplements, honey and toiletries
S$5 off in-store regular-priced health supplements, honey, toiletries and promotional items (not exceeding 20% discount)
S$78 nett Birthday Treats at Amore Fitness & Boutique Spa worth S$276.06
- Minimum age: 50 years old
- Initial deposit:
- S$500 (Singaporeans/Permanent Residents)
- S$1,000 (Foreigners)
Documents Requirement for Singapore Citizens or Permanent Residents
Documents Requirement for Foreigners
- 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
Fees and Charges
Fees and Charges
Fall-below fee (per month)
S$2 (Singaporeans and Permanent Residents)
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
Please click here to view the other Bank charges applicable for our services
|1||Terms and Conditions of the merchants involved in the promotion apply.|
|2||Customer must maintain a minimum balance of S$30,000 and aged between 50 and 70 years old. For joint account, only the older account holder will be entitled to the complimentary personal accident insurance coverage. This includes Accidental Medical Reimbursement Benefit (AMR) where the claim on the medical expenses as a result of a Bodily Injury will be based upon production of original receipts, up to S$500 per event. The total claims incurred in one Bodily Injury must exceed S$50. Subject to 1st medical expense incurred within 4 weeks of accident and medical expenses incurred for the same event must not exceed 1 year. Also, Accidental Permanent Disablement Benefit (APD), the insured person must sustain Bodily Injury which results in his/her Permanent Disablement to be eligible to the claim of up to a maximum of S$30,000. It is a one-time claim under this benefit. Once a claim is settled, the coverage for the insured person is terminated.|
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.