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| Personal : Deposits > S$ iSAVvy Savings
Account |
| S$ iSAVvy Savings
Account |
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Thinking of opening a Savings Account in Singapore?
Check out S$ iSAVvy Savings Account. Not only do you get to earn interest normally associated with time deposits, you will also be rewarded for your loyalty through the special interest on interest payment. Plus, you can access your account via Online Banking and ATM round-the-clock.
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Eligibility
S$ iSAVvy Savings Account is available as a personal or joint account. To open an account, you need to: |
- Be at least 18 years of age
- Be an existing Maybank Malaysia customer
- Place a minimum initial deposit of S$500
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Benefits
With our S$ iSAVvy Savings Account, you will enjoy: |
- Attractive interest* that is calculated daily and credited monthly
- 6% interest-on-interest for your loyalty**
- Cash withdrawals at your convenience with your Maybank Singapore ATM
or ATM MasterCard Electronic Card
- From more than 140 ATMs in Singapore via the atm5 Shared ATM Network with no transaction fees
- In local currencies from over 1,000 Maybank ATMs in Malaysia, Brunei and Philippines via RegionLink, subject to a fee of only S$3 per transaction.
- 24-Hour
access to your accounts via Maybank2u.com.sg
(Online Banking)
- The ease and convenience of carrying out your banking
transactions online (Service
fees and charges will apply for over-the-counter transactions at Maybank Singapore)
Download the application form and visit any of our listed Maybank Malaysia Branches^^. Existing Maybank Singapore customers with Online Banking access can login to apply.
Questions? Our FAQ may help.
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Rates of 1.98% p.a. and 1.68% p.a. are applicable to account balance(s) of S$50,000 and above, and account balance(s) of S$5,000 to below S$50,000 respectively. Interest payable on account balance(s) of below S$5,000 shall be based on the lowest tier of the prevailing Singapore Savings Account interest rate. Rates will apply to new and existing S$ 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$5,000 over a 6-month period, starting from the second month of account opening |
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Please allow up to 14 working days for your S$ iSAVvy Savings Account to be opened. A welcome letter will be mailed to you once your application has been processed. |
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| Important Notes: |
| S$ 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 Singapore ATM/ATM MCE Card. No passbook or monthly statements will be issued. Account holders must view their transaction records via Maybank2u.com.sg. A holding balance of S$10 is required to maintain a S$ iSAVvy Savings Account. A service fee will be levied for each transaction made at the Maybank Singapore 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 in Singapore. Closure of account within 6 months of the account opening date is subject to an early account closure fee of S$30. For prevailing fees and charges, please click here. |
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| Download a copy of the Terms
and Conditions for S$ iSAVvy Savings Account. |
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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. |