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Savings Account

iSAVvy Savings Account

Upgrade your savings

Promotion


Salary Credit and Remittance Promotion

Get rewarded with up to S$120 cash credit when you credit 3 months of your salary into your iSAVvy Savings Account and make a remittance to Malaysia.

Find Out More

Terms and Conditions apply.

Reach out for higher ground with up to 0.70% interest

Find Out More

Terms and Conditions apply.

Benefits


  • Attractive base interest of up to 0.50% p.a. Interest-on-interest1 of up to 18%
  • Create Sub-accounts via Online Banking to help achieve your savings goals
  • Convenience of round-the-clock online banking

Eligibility


  • Minimum 16 years of age
  • Minimum Initial deposit of S$500

 

Documents Requirement for Singapore Citizens or Permanent Residents

At the branch

  • NRIC

Online

  • 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

At the branch:

  • Passport
  • Employment 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)

 

Each customer is eligible to hold one iSAVvy Savings Account. Existing iSAVvy Savings Account holders may create Sub-accounts via Online Banking to help allocate your funds for different purposes.

How to apply

Available to Singapore and Permanent Residents only


i. Online application with MyInfo

Step 1: Apply Now

Apply Online Now

Click under MyInfo Please have your SingPass ID, password and image of your signature ready

 

Step 2: Receive Account Number

  • You will receive an email with your new account number in a password protected PDF file upon submission of the application*
  • A password will be sent via SMS to the mobile number indicated on the application form to open the PDF file

If you are not our existing Online Banking Customer, you will receive:

  • Online Banking Access ID in the PDF file
  • Another SMS which contains your PIN to sign-up or perform a First Time Login to Online Banking

 

Step 3: Account Activation

  • An SMS notification  will be sent once your new account is activated successfully.

 

*Available from 9am to 9pm. Applications submitted outside this time period will receive an email notification with the new account number the next business day.

 

ii. Online Application without MyInfo

Step 1: Apply Now

Apply Online Now

Please have a scanned colour copy or image of NRIC, Proof of mailing address and image of your signature ready

 

Step 2: Receive Account Number

  • You will receive an email with your new account number in a password protected PDF file by the next business day
  • A password will be sent via SMS to the mobile number indicated on the application form to open the PDF file

If you are not our existing Online Banking Customer, you will receive:

  • Online Banking Access ID in the PDF file
  • Another SMS which contains your PIN to sign-up or perform a First Time Login to Online Banking

 

Step 3: Activate Your New Account

  • Make a FAST transfer of at least S$500 from your account with another bank (in the same name) to activate the new account
  • You will receive an SMS notification once your new account is activated successfully

 

Fees and Charges


DescriptionFees and Charges
Fall-below fee (per month) S$2 monthly service fee; waived with a minimum average daily balance of S$500
Early Account Closure
(within 6 months)
 

S$30 early account closure fee, if the account is closed within 6 months of opening

Over-the-counter transactions Fees and Charges apply for over-the-counter transactions
Others Please click here to view the other Bank charges applicable for our services

Other Information


 

Terms and Conditions

  • 1Terms and conditions apply. Eligibility for interest-on-interest is based on maintaining an average daily balance of at least S$5,000 to below S$200,000 over a 6-month period, starting from the 2nd month of account opening
  • Read our Terms and Conditions (PDF)

 

FAQ

  • Click here to read more on iSAVvy Savings Account

 

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.