Back
Apply Now

Savings Account

iSAVvy Savings Plus Account

Earn attractive monthly interest, with bonus interest of 1.56% p.a

Benefits


  • Attractive interest of up to 0.38% p.a. Bonus interest of 1.56% p.a. on any increase in the average daily balance of the account
  • 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
  • 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)

 

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

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 applicable Bank charges

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

 

Other Information


TERMS AND CONDITIONS

  • 1Terms and conditions apply. Bonus interest is based on the average daily balance of the account increasing each month during 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 Plus 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.