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| Personal : Deposits > iSAVvy Savings
Account |
| iSAVvy Savings
Account |
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With Maybank iSAVvy Savings Account, you will
earn interest that you normally associate with time
deposits. Open an iSAVvy Savings Account and
you get to enjoy 24x7 accessibility to your account
via Online Banking plus ATM access and be rewarded for
your loyalty through the special interest on interest
payment. |
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Eligibility
iSAVvy Savings Account is available as a personal or
joint account. To open an account, you need to: |
- Be at least 15
years of age
- Place a minimum initial deposit of S$10
Benefits
With our iSAVvy Savings Account, you will enjoy: |
Apply now or visit any of our 22 Branches in Singapore. For
foreigners working and/or residing in Singapore, application
is at Branches only. Existing Maybank customers with Online
Banking access can login to apply.
Questions? Our FAQ may help.
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Rates of 1.18% p.a. and 0.88% p.a. are applicable to accounts with
balance(s) of S$50,000 and above, and accounts with balance(s) of S$5,000 to below S$50,000 respectively. Interest payable on accounts with balance(s) below S$5,000 shall be based on the lowest tier of the prevailing Savings Account interest rate. Rates will apply to new and existing iSAVvy Savings Account(s) until further notice and are subject to change. Terms and conditions apply |
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Eligibility for interest-on-interest is based on maintaining
an average monthly balance of at least S$5,000 over
a 6-month period, starting from the second month of
account opening |
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S$3 service fee will be
levied for each overseas transaction |
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| Important Notes: |
| iSAVvy Savings Account is a
deposit account that can only be operated via Maybank2u.com.sg
(Online Banking), Dial-Link (Phone Banking) or a Maybank ATM/ATM
MCE Card. No passbook or monthly statements will be issued.
Account holders must view their transaction records via Maybank2u.com.sg.
A minimum deposit and holding balance of S$10 is required
to open and maintain an iSAVvy Savings Account. A service
fee will be levied for each transaction made at the Branch
counters. Should the average daily balance of the account
fall below S$500, a monthly minimum balance fee of S$2 shall
apply. Closure of account can only be done at the Branches.
Closure of account within 6 months of the account opening
date is subject to an early account closure fee of S$30. For
prevailing fees and charges, please refer to our website or
visit any of our 22 Branches. |
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| Copy
of the Terms
and Conditions may be downloaded or obtained from any
of our 22 Branches. |
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| Singapore
dollar deposits ("insured deposit") placed by an
individual (excluding sole proprietorships and partnerships),
charity or such persons prescribed in the Deposit Insurance
Act 2005 (the "Act") with the Bank will be insured
pursuant to the terms of the Act and up to the amounts provided
for in the Act. The insured deposit that is insured under
the Act has the meaning prescribed in the Act. |
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