SaveUp Account

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Terms and Conditions

SaveUp Account


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



Attractive interest rate

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

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

Round-the-clock service with Online and Mobile Banking





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


  • 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.


How to Apply Online

Only available to Singapore Citizens and Permanent Residents


Terms and Conditions

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

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

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

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.