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Savings Account

The grass is green on either side when you plan well for your silver years

Maybank Privilege Plus Savings Account #ForYou

Promotion


Maybank Save & Grow Promotion

Get more from your savings and be rewarded with S$200 cash credit for every S$40,000 deposited into selected Maybank Savings account.

Find Out More

Terms and Conditions apply.

Benefits


  • Enjoy greater rewards with Maybank Passion Plus Programme
  • Attractive interest rates
  • Exclusive privileges1 upon sign up and during birthday month
  • Complimentary Personal Accident Insurance, Accidental Medical Reimbursement and Permanent Disablement Benefits
  • Withdraw cash with no admin fee at all Maybank ATMs and atm5 network in Singapore
  • Monthly statement instead of Passbook for accounts opened online

Eligibility Requirements


  • Minimum age: 50 years old

For Singapore Citizens or Permanent Residents:

  • Via MyInfo

For Foreigners:

At the Branch (with original physical documents):

  • Passport
  • Valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass)
  • Proof of Residential 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)

Deposit Requirements


Initial deposit:

  • S$500 (Singaporeans/Permanent Residents)
  • S$1,000 (Foreigners)

How to apply

Available to Singaporeans, Singapore Permanent Residents and Maybank Malaysia customers


Online application with Myinfo

Step 1: Apply Now

APPLY ONLINE NOW

Click under Myinfo Please have your Singpass ID and password 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

Fees and Charges


Please click here to view the Bank charges applicable for our services

Instant access to digital banking services upon account activation


Make full use of your savings account with our digital banking services!

Once your account is activated, you will be notified via SMS and e-mail with a set of unique credentials that allow you to login to Maybank2u Online Banking.

Explore digital banking convenience just #ForYou:

Learn More

Other Information


 

1Terms and Conditions of the merchants involved in the promotion apply.
2Customer must maintain a minimum balance of S$30,000 and aged between 50 and 70 years old. For joint account, only the older account holder will be entitled to the complimentary personal accident insurance coverage. This includes Accidental Medical Reimbursement Benefit (AMR) where 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. Also, 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 a maximum of 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.