Last update: 28/07/2016
The best of Maybank saving accounts at a glance
Maybank saving accounts in details
iSAVvy Savings
With iSAVvy Savings Account, you'll not only earn attractive interest but also special additional interest-on-interest for your loyalty. Plus, enjoy the ease and convenience of online banking transactions 24/7, performed at your own time.
A fuss free saving account that offers higher base interest rate based on deposit amount right from the start.
Benefits
-
Complimentary travel insurance with a balance of at least S$200,000
-
Create iSAVvy Sub-accounts to help you reach your savings goals
-
Enjoy free insurance coverage if you maintain a total balance of at least S$100,000 in iSAVvy Account(s)
-
Personal accident insurance coverage of up to S$250,000
-
Daily Cash Benefit of S$50 per day for Hospital Admission due to accident
-
Accidental Medical Reimbursement of S$500 per accident
-
Interest rate
-
Attractive interest that is calculated daily and credited monthly
-
6% interest-on-interest* for accounts with an average daily balance of at least S$5,000 to below S$100,000
-
18% interest-on-interest* for accounts with an average daily balance of at least S$100,000 to below S$200,000
Link to: Maybank iSAVvy Saving for additional details
iSAVvy Savings Plus
With iSAVvy Savings Plus Account, you will not only earn attractive interest but also be rewarded with additional bonus interest* on every additional dollar you save. Plus, enjoy the ease and convenience of online banking transactions 24/7 performed at your own time.
Benefits
-
Enjoy 10-year annual fee waiver when you apply for the Maybank Horizon Platinum Visa Card via Maybank2u.com.sg (Online Banking)
-
Complimentary travel insurance with a balance of at least S$200,000
-
Earn bonus interest of 1.56% p.a.
-
Create up to 15 Sub-accounts through Maybank Online Banking to help you reach your savings goals
-
Enjoy free insurance coverage if you maintain a total balance of at least S$100,000 in iSAVvy Account(s)
-
Personal accident insurance coverage of up to S$250,000
-
Daily Cash Benefit of S$50 per day for Hospital Admission due to accident
-
Accidental Medical Reimbursement of S$500 per accident
-
Interest rate
-
Attractive interest that is calculated daily and credited monthly
-
Bonus interest* of 1.56% p.a. on any increase in the average daily balance of the account
Maybank Savings Account
Maybank Savings Account allows you to keep track of your account history with your passbook. Plus, you will earn interest that is calculated daily and credited monthly. What's more, our interest rates are tiered, so the more you save, the more interest you' will earn!
Benefits
-
Easy cash withdrawals via your Maybank Platinum Debit Card or ATM Card
-
Withdraw cash (no transaction fee) from ATMs in Singapore via the atm5 - Shared ATM Network
-
Withdraw cash in local currencies from Maybank ATMs in Brunei, Cambodia, Indonesia*, Malaysia, Papua New Guinea, Singapore and the Philippines
-
-
Pay for your purchases using your Maybank Card^ linked to your Current or Savings account via NETSNew! at any of the participating merchants' outlets. The amount spent will be directly debited from your primary Maybank Current or Savings account
-
Easy transaction monitoring – update your passbook at any Branch or Passbook Update Machine to view transaction details
-
24-hour account access via our ATMs, cash deposit machines, PhoneBanking (Dial-Link) and Maybank2u.com.sg
Interest
SaveUp Account
The SaveUp Account lets you avoid the hassle of making trips to the bank just to update your passbook. With SaveUp, statements will be sent to you once every 2 months.
Key info
-
Higher interest than passbook savings account
-
Easy cash withdrawals via your Maybank Platinum Debit Card or ATM Card
Benefits
-
Hassle-free updates with account statements mailed directly to you every 2 months
Interest rate
Link to: Maybank SaveUp Account for additional details
Privilege Plus Saving Account
Privilege Plus Savings Account is the first and only savings account which offers our privileged customers attractive interest rates on their savings and at the same time, protects them with free personal accident insurance coverage
Key info
-
Higher interest than passbook savings account
-
Free Accidental Medical Reimbursement Benefit and Accidental Permanent Disablement Benefit insurance coverage
Benefits
-
Attractive interest for your retirement funds.
-
Free personal accident insurance coverage¹ subject to:
-
Minimum balance of S$30,000 on your Privilege Plus Savings Account.
-
Free personal accident insurance coverage¹ will be applicable to customers aged between 50 and 70. For joint account, only the older account holder will be entitled to the free personal accident insurance coverage.
-
Account can be opened in single-name or joint-name basis. For joint accounts, one of the account holders has to be 50 years and above.
-
Account holder must be a Singapore Citizen, Singapore Permanent Resident and Foreigners with Employment Pass / Work Permit / Dependant’s Pass / S Pass.
-
-
-
Accidental Medical Reimbursement Benefit (AMR)
-
The claim on the medical expenses as a result of a Bodily Injury will be based upon production of original receipts, up to S$500 per event.
-
The total claims incurred in one Bodily Injury must exceed S$50. Subject to 1st medical expense incurred within 4 weeks of accident and medical expenses incurred for the same event must not exceed 1 year.
-
-
Accidental Permanent Disablement Benefit (APD)
-
The insured person must sustain Bodily Injury which results in his/her Permanent Disablement to be eligible to the claim of up to S$30,000.
-
It is a one-time claim under this benefit. Once a claim is settled, the coverage for the insured person is terminated.
-
-
Birthday Privileges
Interest rate
Link to: Maybank Privilege Plus Saving Account for additional details
Youngstarz Savings Account
Doctor. Filmmaker. Musician. These may just be some of your child’s aspirations. And you can help him fulfil his ambition today by starting a Youngstarz Savings Account. It’s a junior savings account like no other. With an extensive range of unique benefits and privileges, Youngstarz Savings Account is tailored to give your little one that perfect head start in life!
Key info
-
Free Hand, Foot & Mouth Disease Insurance¹ and personal accident insurance
-
Exclusive birthday privileges on your child’s birthday month. Terms and conditions apply.
Benefits
-
Attractive interest to help you build up his financial security. One of the highest interest rates for a children’s savings account!
-
Hand, Foot & Mouth Disease insurance that takes care of his hospitalisation expenses with daily cash benefits of S$200 (up to a maximum payout of S$5,000 a year).
-
Personal Accident insurance that gives your child and you worldwide coverage against accidental death or permanent disablement with lump sum payout of S$400,000 or 8 times of your account balance, whichever is lower.
Interest rate
Link to: Maybank Youngstarz Account for additional details
Premier One Account
Enjoy the convenience of a checking facility and monthly statement of accounts, and watch your savings grow with one of the highest tiered interest rates in town
Key info
-
Daily interest
-
24-hour account access
-
Highest tiered interest rates
Simplify your banking with the PremierOne Account, where you'll get the features of both savings and current accounts. Enjoy the convenience of a checking facility and monthly statement of accounts, and watch your savings grow with one of the highest tiered interest rates in town. Plus, with interest calculated daily and credited monthly, you know your money is working hard for you.
Benefits
-
Hassle-free updates with monthly account statements mailed directly to you
-
Easy cash withdrawals via your Maybank Platinum Debit Card and ATM Card
-
Withdraw cash (no transaction fee) from ATMs in Singapore via the atm5 - Shared ATM Network
-
Withdraw cash in local currencies from Maybank ATMs in Brunei, Cambodia, Indonesia, Malaysia, Singapore and the Philippines
-
-
24-hour account access via our ATMs, cash deposit machines, PhoneBanking (Dial-Link) and Maybank2u.com.sg
-
Credit your Dividends/Cash Distributions directly into your bank account with Direct Crediting Service (DCS) for free
-
Make payment for your shares and receive share proceeds directly into your bank account
Interest rate
Related Post
-
How much is too much ? Get to know if your excess funds could be potentially earning higher rate of return.
-
High Interest Saving Account or Regular Saving Endownment Plan. Which is more suitalbe for me?
Back to top