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SaveUp Account

Promotions   |   benefits   |   Requirements     |   How to apply online    |
Terms and Conditions

SaveUp Account

Promotions

Save Up Programme

Enjoy up to 3% p.a. interest with Save Up Programme

Choose up to 3 products and enjoy a higher interest rate on the first S$60,000 in your SaveUp account.

Find out more

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Benefits

Attractive interest rate

High base interest and enjoy up to 3% p.a. with Save Up Programme

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

Round-the-clock service with Online and Mobile Banking

  

 

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Requirements

Eligibility and Fees

  • Minimum Age: 16
  • Initial Deposit: $500 (Singaporeans/Residents, $1000 (Foreigners)
  • Minimum Average Daily Balance for the month: $1,000
  • Fall-below Fee: $2
  • Early Account Closure Fee: $30
  • Statements: Bi-monthly paper statement

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

 

Document Required

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


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 SaveUp Account. If you already have an account, you may open other savings account to suit your banking needs.

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How to Apply Online

Only available to Singapore Citizens and Permanent Residents

i. Online application with MyInfo

1
Apply Now

  1. Apply Online Now

  2. Click under  1
  3. Please have your SingPass ID, password 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 upon submission of the application*
  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 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
Account Activation
  1. A SMS will be sent to inform you that the account is activated successfully and you can start using your account!
*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

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 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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Terms and Conditions

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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Important Notices

Avoid possible suspension of your unsecured credit facilities

Credit Card

Refer your friends to apply for Maybank Credit Cards and be rewarded with S$60 Cash Credit!

Receive a complimentary Samsonite Orfeo Luggage worth S$420 with Maybank Cards and Creditable

Online Security

Find out how we've made M2U secure — and how you can keep your online banking experience worry free

Card Usage Security

To update your contact details for SMS Transaction Alerts and One-time Authorisation Codes for online purchases, please click here for the relevant forms.