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Savings Account

Passbook Savings Account

Enjoy one of the highest interest rates on savings accounts in Singapore.

Benefits


  • Attractive Interest Rates
  • Withdraw cash with no admin fee at all Maybank ATMs and atm5 network in Singapore
  • Convenience of round-the-clock online banking
  • Make payments at all NETS and FlashPay acceptance points with Maybank Platinum Debit Card

Eligibility


  • Minimum age: 16 years old
  • Initial deposit:
    • S$500 (Singaporeans/Permanent Residents)
    • S$500 (Malaysian with Work Permit)
    • S$1,000 (Foreigners)
    • S$0 (Foreigners with Work Permit)

 

Documents Requirement for Singapore Citizens or Permanent Residents

  • NRIC

 

Documents Requirement for Malaysian with Work Permit

  • NRIC
  • Proof of Mailing Address (i.e. Utility/Telco bills or Bank statement from another bank in Singapore, where the name and address must be the same as your NRIC)
  • Image of your signature

 

Documents Requirement for Foreigners

  • Passport
  • Valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass)
  • Proof of Mailing Address (i.e. Utility/Telco bills or Bank statement from another bank in Singapore, where the name must be the same as your Passport and Employment Pass)

 

Documents Requirement for Foreigners with Work Permit

  • Passport
  • Work Permit
  • Proof of Mailing Address (i.e. Utility/Telco bills or Bank statement from another bank in Singapore, where the name must be the same as your Passport and Work Permit)
  • Your employer needs to be processing salary payment through Maybank

 

This account is available to Clubs and Societies too.

Fees and Charges


DescriptionFees and Charges
Fall-below fee (per month) S$2 (Singaporeans and Permanent Residents)
S$5 (Foreigners)

When the monthly average balance falls below S$1,000
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

Other Information


 

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.