Back
Apply Now

Savings Account

Privilege Plus Savings Account

Enjoy attractive interest rates and free personal accident insurance coverage, exclusively for our privileged customers aged 50 and above.

  • Minimum opening deposit

    S$500 (Singaporeans/PR)/ S$1,000 (Foreigners)

Important Notice


Changes to Savings Account interest / hibah rates

From 1 December 2020, we will be changing the Savings Account interest/hibah rates.

Find Out More

Promotion


CPF Promotion

Get rewarded with S$100 cash credit when you transfer your CPF Retirement Savings or CPF LIFE to your Privilege Plus 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

Privileges


Exclusive privileges from Quantum Medical Imaging & Clinic for your benefit.

Find out more

Terms and Conditions apply

Welcome Privileges


Jade, The Fullerton Hotel Singapore
15% off a la carte dinner food bill
   
The Courtyard, The Fullerton Hotel Singapore
15% off afternoon tea
   
The Clifford Pier, The Fullerton Bay Hotel
15% off a la carte dinner food bill
   
Eu Yan Sang
Two-year free membership
   
Eu Yan Sang
30% off premium Wild American Ginseng
   
Allure Beauty Saloon Pte Ltd
20% discount on M21 or Signature misty eyebrow embroidery services
HAACH/ Dr HAACH
Reviva Rose Stem Cell Facial Treatment
   
Natural Healings
Chiropractic trial inclusive of digital posture analysis, consultation and chiropractic adjustment
   
Healthway Medical
Silver Health Screening Package
   
Healthway Dental
Dental Scaling & Polishing
   
Luxescalp
Signature Herbal Scalp Treatment

Eligibility


  • Minimum age: 50 years old
  • Initial deposit:
    • S$500 (Singaporeans/Permanent Residents)
    • S$1,000 (Foreigners)

 

Documents Requirement for Singapore Citizens or Permanent Residents
At the branch

  • NRIC

 

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)

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 (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


Note: For accounts opened online, monthly paper statements will be received instead of passbook.

 

 

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.

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.