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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


From 1 May 2021, we will be changing the Savings and Current 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

PPSA Top up promotion

Receive S$100 Takashimaya vouchers when you make a deposit into your Maybank 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
  • Monthly statement instead of Passbook for accounts opened online

Birthday Privileges

Conversion of physical Birthday letter to eCoupons. Click here to find out more.


Exclusive privileges for your during your birthday month!

Find out more

Terms and Conditions apply

Welcome Privilege


Redeem your welcome vouchers in eCoupons on the Maybank TREATS SG app

Find out more

Terms and Conditions apply

Eligibility Requirements


  • Minimum age: 50 years old

Documents Requirement for Singapore Citizens or Permanent Residents:

Online account opening

  • 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)

Deposit Requirements


Initial deposit:

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

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


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

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.

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.