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Islamic Deposits

iSAVvy Savings Account-i

24-hour access to your Shariah-compliant account with online banking, mobile banking and ATMs.

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Terms and Conditions apply

Benefits


  • 24-hour service with Online and Mobile Banking
  • Convenience of paying with NETS and FlashPay with your Maybank Platinum Debit Card
  • Withdraw cash at no charge at all Maybank ATMs and atm5 network in Singapore

Requirements


ELIGIBILITY:

  • Age: 16 and above. Individuals below 16 may open a Trust Account in the name of the parent or legal guardian.

APPLICATION DOCUMENTS:
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

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 REQUIREMENT:

  • Initial deposit: S$500

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 & Charges


DescriptionFees and Charges
Fall-below fee (per month) S$2 when the monthly average daily balance falls below S$500
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

Important Information


 

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.