Maybank Youngstarz Savings Account


Maybank Youngstarz Savings Account

Get a head start in planning for your child with this passbook savings account. This children savings account comes with complimentary insurances which cover Personal Accident and Hand, Foot and Mouth Disease, as well as exclusive birthday privileges and discounts on parties for your kids.

Promotion

Youngstarz Account Opening Gift 

Youngstarz Account Opening Gift

Receive S$20 POPULAR Bookstore vouchers when you open a new account for your child and deposit at least S$2,000 or S$60 POPULAR Bookstore vouchers with minimum of S$5,000 deposit.

Terms and Conditions apply.

   
Youngstarz Account Lucky Draw 

Winners of Youngstarz Account Lucky Draw 2018

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Overview

Attractive base interestAttractive base interest and enjoy up to 3X interest with Maybank Family Plus
Attractive base interestExclusive privileges1 in your child's birthday month.
Attractive base interestHand, Foot & Mouth Disease Hospitalisation and Outpatient Insurance2
Attractive base interestPersonal Accident Insurance3 covering you and your child worldwide

Birthday Privileges

 Sign up as a B-KidZanian Citizen at KidZania Singapore for just S$15 (U.P. S$22)

 15% off on ice cream cake at Island Creamery
 25% off 1kg ice cream cake at Andersen's

 Free single scoop ice cream at Island Creamery
 Discounted entrance rates to Pororo Park Singapore
 10% off memberships at Pororo Park Singapore and Tayo Station
 Receive a S$10 photo voucher and additional 20 kidZos at KidZania Singapore
   
Maybank Youngstarz Savings Account

Eligibility



  • Children below 16 years old
  • Parents (min 16 years old)
  • Initial deposit of S$10

Documents Requirement for Singapore Citizens or Permanent Residents

  • Child
    • Birth Certificate
  • Parent / Legal Guardian
    • NRIC

Documents Requirement for Foreigners

  • Child
    • Birth Certificate
  • Parent / Legal Guardian
    • 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)
Waived
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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1Privileges are only valid for Youngstarz Account Holders (child) below 10 years old during their respective birthday months. Other Terms and Conditions of the merchants involved in the promotions apply.
2Eligibility for Hand, Foot & Mouth Disease (HFMD) insurance is based on maintaining a minimum deposit of S$5,000 in the Youngstarz Savings Account. Payout is based on a daily hospitalisation cash benefit of S$100, up to a maximum of 25 days per year. The maximum claim by each minor Account Holder is S$2,500 at any one hospital stay or per year. Daily cash benefit will only be paid if the minor Account Holder has been hospitalised for a minimum of 18 hours in one hospital stay. Payout will be until the minor Account Holder reaches 17 years of age. Eligibility for Hand, Foot & Mouth Disease (HFMD) Outpatient Benefit is based on maintaining a minimum deposit of S$5,000 in the Youngstarz Savings Account. The maximum claim by each minor Account Holder is S$200 per year. Payout will be until the minor Account Holder reaches 17 years of age.
3Eligibility for Personal Accident (PA) insurance is based on maintaining a minimum deposit of S$5,000 in the Youngstarz Savings Account, with lump sum payout of S$15,000.


Youngstarz Account will be converted to SaveUp Account when your child turns 17 years old. A letter will be sent to you 2 months before your child's 17 years old birthday.


Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 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$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.