The Youngstarz Plus Account is the first step to planning for your child's future. With a regular endowment/ protection insurance plan³ and savings account like Youngstarz Plus account, you may now put aside a fixed amount every month to build up a fund for your child’s education and other needs.

Benefits

1. Bonus interest¹
   • Youngstarz Plus packs in bonus interest of up to 100% of the prevailing Youngstarz Account rate. This bonus interest is awarded over and above the attractive interest earned, and is paid every 6 months, for a period of 2 years!
   • Bonus interest is calculated based on the interest earned and the average monthly account balance over a 6-month period, starting from the 2nd month following the Youngstarz Plus conversion date
   • Bonus interest will be based on the prevailing tiered rates, currently at:

     Average Monthly Balance	Bonus Interest Rate
     S$3,000 and below	40% on interest amount earned
     Above S$3,000, up to S$50,000	60% on interest amount earned
     Above S$50,000	100% on interest amount earned
     Bonus Interest Rates are subject to change at the discretion of Maybank

2. Free shopping vouchers²
   Receive S$30 worth of shopping vouchers upon conversion to Youngstarz Plus. This is our way of rewarding you for planning ahead!

Your child's tomorrow begins with your planning today. Apply now at any of any of our 22 Branches in Singapore.

Important Notes:

The application submission for Youngstarz Plus account conversion for Eligible Plans has to be done within 90 days of the inception date of the policy(s). Maybank will convert the Youngstarz account to a Youngstarz Plus account within 30 business days from the Youngstarz Plus application date or policy inception date, whichever is later.

Maybank may exercise its discretion and close or refuse to open the Youngstarz Plus account and/or claw back the bonus interest paid and the cost of the shopping vouchers should the policy(s) be cancelled/terminated/altered for any reason whatsoever, within 2 years from the conversion date of the Youngstarz account to the Youngstarz Plus account.

Terms & Conditions Governing Youngstarz Plus Promotion (PDF)

Terms and Conditions

Click here for a copy of the Terms and conditions (PDF), or obtain it from any of our Maybank branches in Singapore.

Note

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

This is not a contract of insurance and reference should be made to the respective policies for the exact terms, conditions and exclusions applicable to the Prudential Policies. The information contained herein is for general information purpose only and does not constitute an offer, invitation to offer, or a solicitation, or any advice or recommendation with respect to the purchase or sale of any of the Prudential Policies. Furthermore, the information contained herein is without regard to the specific objectives, financial situation and needs of any particular person who may view it. If in doubt, you should seek advice from a qualified Financial Services Consultant.

Investments are subject to investment risks including the possible loss of the principal amount investment. The value of the investment(s) that you have chosen may fall as well as rise.

The above Prudential Policies are underwritten by Prudential Assurance Company Singapore (Pte) Limited and any information relating to the Prudential Policies contained herein is provided by Prudential. Malayan Banking Berhad shall not be liable in any manner whatsoever regarding the information relating to the Prudential Policies contained herein or your application or the contract of insurance.

Any information relating to the Youngstarz Account and the Youngstarz Plus Account (including the interest rates) contained herein has been provided by Malayan Banking Berhad. Prudential shall not be liable in any manner whatsoever in connection with such information or with Youngstarz Account and/or Youngstarz Plus Account.

Singapore dollar deposits of non-bank depositors placed with the Bank are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor as prescribed in the Deposit Insurance and Policy Owners’ Protection Schemes Act (“Act”). Singapore dollar deposits under the CPF Investment Scheme are separately insured up to S$50,000 in aggregate per depositor as prescribed in the Act. Structured deposits and other investment products are not insured under the scheme.

This document is not required to be reviewed or endorsed by the Monetary Authority of Singapore. Information correct as at 16 Jan 2012.