Maybank Privilege Plus Savings Account


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.

Overview

Attractive interest ratesAttractive interest rates


Exclusive privileges during birthday monthExclusive privileges1 during birthday month.

Complimentary InsuranceComplimentary Personal Accident Insurance, Accidental Medical Reimbursement and Permanent Disablement Benefits2

Withdraw cash for free at all Maybank and atm5 ATMs in SingaporeWithdraw cash for free at all Maybank and atm5 ATMs in Singapore

Birthday Privileges

Nature's Farm

 

10% off regular-priced health supplements, honey and toiletries


Nature's Farm

 

S$5 off in-store regular-priced health supplements, honey, toiletries and promotional items (not exceeding 20% discount)


Receive S$100 cash credit

 

Receive S$100 cash credit with every S$50,000 deposited into Maybank Privilege Plus Savings Account


True Yoga 

A pair of free True Yoga 2-session pass + A pair of free True Fitness 10-day Pass worth S$372


Kimage 

Single shade hair colouring at S$68


Beijing 101 

3-in-1 Herbal Hair Treatment at Beijing 101 at S$42 (U.P. S$128), plus Free Hair Care Product (worth S$68)


Amore Fitness & Boutique Spa 

S$78 nett Birthday Treats at Amore Fitness & Boutique Spa
Including: 1 week unlimited access to classes, Complimentary Body Composition Analysis, Hydra Replumping Care (75mins, worth S$167.25) or Haven Massage (60mins, worth S$107)


Healthway Medical 

Healthway Health Screening Pearl Package at S$250 nett

Maybank Privilege Plus Savings Account

Eligibility



  • Minimum age: 50 years old
  • Initial deposit:
    • S$500 (Singaporeans/Permanent Residents)
    • S$1,000 (Foreigners)

Documents Requirement for Singapore Citizens or Permanent Residents

    • NRIC

Documents Requirement for Foreigners

    • 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

Fees and Charges


Description
Fees and Charges
Fall-below fee (per month)
S$2 (Singaporeans and Permanent Residents)
S$5 (Foreigners)
Early Account Closure
(within 6 months)
S$30 early account closure fee, if the account is closed within 6 months of opening
Others
Please click here to view the other Bank charges applicable for our services



Useful Links

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1Terms and Conditions of the merchants involved in the promotion apply.
2Customer 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.