• Maybank Savings Account

    Maybank Savings Account can be opened for teenagers and children. The bank also offers life insurance coverage when you open a Save n’ Protect Savings Account. You earn interest on the amount saved in your account.

    Features and Benefits

    Following are some of the features and benefits of Maybank Savings Account:

    • Low fees and charges associated with the account.
    • Highly safe and secure online banking facilities.
    • Member of BancNet Depositor Insurance, guaranteeing that each depositor is insured up to P500,000.
    • Maybank2u range of banking services in a smartphone app format in a secure environment.

    Types of Maybank Savings Account

    Maybank offers the following Savings Account with different features to suit its varied customer base:

    1. Classic Savings Account.
    2. Yippie Savings Account.
    3. ImTeen Savings Account.
    4. Save ‘n Protect Savings Account.

    Following are the various different Maybank Savings Account:

    1. Classic Savings Account

      This is a passbook-based savings account. You have to maintain a minimum balance of P10,000 to earn interest. You can access the account through Maybank ATMs in Cambodia, Malaysia, Brunei, and Singapore.

      Opening balance

      -

      Maintaining balance

      P10,000

      Balance required to earn interest

      P10,000

    2. Yippie Savings Account

      This account is for children who are below 12 years old. This account offers medical reimbursement benefits and personal accident insurance. The funds can be monitored through passbook. You also get a regional ATM card that can be used at Maybank ATMs at Brunei, Cambodia, Singapore, and Malaysia.

      Opening balance

      -

      Maintaining balance

      P500

      Balance required to earn interest

      P5,000

    3. ImTeen Savings Account

      This account is for teenagers between 13 - 17 years. This account comes with medical reimbursement benefit and personal accident insurance. The funds can be accessed from any Maybank ATM in Singapore, Malaysia, and Brunei. The funds can be monitored via the passbook.

      Opening balance

      -

      Maintaining balance

      P500

      Balance required to earn interest

      P5,000

    4. Save ‘n Protect Savings Account

      This account helps you protect yourself against the uncertainties in the future. You get a free life insurance benefit. The funds can be monitored through the passbook and you can make withdrawals from the Maybank ATMs situated in Brunei, Singapore, and Malaysia.

      Opening balance

      -

      Maintaining balance

      P50,000 to enjoy the account’s insurance-related benefits

      Balance required to earn interest

      P20,000

    Maybank Savings Account Eligibility Requirements

    Following are some of the eligibility requirements for certain Maybank Savings Account:

    1. Maybank Yippie Savings Bank Account: This account can be opened only for children aged below 12.
    2. Maybank ImTeen Savings Bank Account: This account can be opened only for young teens aged between 13 and 17.

    Documents Required for Maybank Savings Account

    Following are the documents required to open a Maybank Savings Account. The ID or set of IDs being submitted need to provide the customer’s name, photograph and signature and must be issued by an official authority. Any of the following can be submitted/used to compensate for missing vital information in other ID:

    • Passport 
    • Driver's License 
    • Professional Regulation Commission (PRC) ID
    • National Bureau of Investigation (NBI) Clearance
    • Police Clearance
    • Voter's ID (New)
    • Government Service Insurance System (GSIS) e-Card or Social Security System (SSS) ID (New)
    • Alien Certificate of Registration (ACR)
    • Postal ID 
    • Barangay Certification
    • Senior Citizen Card
    • Overseas Workers Welfare Administration (OWWA) ID
    • OFW ID
    • Seaman's Book
    • Immigrant Certificate of Registration
    • Government Office and Government-Owned and / or Controlled Corporations (GOCC) ID (e.g. AFP, HDMF IDs)
    • Certification from National Council for the Welfare of Disabled Persons (NCWDP)
    • Department of Social Welfare & Development (DSWD) Certification
    • Credit Card issued by Private Entities or Institutions Registered with or Supervised or Regulated either by the Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC) or Insurance Commission (IC)
    • Firearms License
    • Integrated Bar of the Philippines (IBP) ID

    For minors and students

    • School ID (photo-bearing and signed by the Principal or Head of Schools)
    • Birth Certificate
    • Library ID
    • IDs must be current and unexpired.

    Maybank Savings Account Interest Rates

    Following are the interest rates offered for different Maybank Savings Account:

    Maybank Classic Savings Account

    0.25% p.a.

    Maybank Yippie Savings Account

    If the account balance maintained is between P5,000 to P199,999 – the interest rate is 0.25% p.a.

    If the account balance maintained is over P200,000 – the interest rate is 0.50% p.a.

    Maybank ImTeen Savings Account

    If the account balance maintained is between P5,000 to P199,999 – the interest rate is 0.25% p.a.

    If the account balance maintained is over P200,000 – the interest rate is 0.50% p.a.

    Maybank Save n’ Protect Savings Account

    0.25% p.a.

    Fees and Charges

    Following are some of the fees and charges applicable on Maybank Savings Account:

    Fee

    Amount

    Peso Accounts – Falling Below Average Daily Balance

    P300

    Peso Accounts – Account Dormancy Charges

    P30

    USD ($) Accounts – Falling Below Average Daily Balance

    $5.00

    USD ($) Accounts – Account Dormancy Charges

    0.60$

    Cost for Manager’s Check

    P50

    Telegraphic Transfer – Outward

    $15.00

    Telegraphic Transfer – Inward

    $5.00

    Demand Draft

    $7.00

    Personal Checkbook

    P175.00

    Commercial Checkbook

    P350.00

    Bank Certificate

    P100

    Replacement ATM Card

    P100

    Replacement Cash Card

    P50

    Interim Bank Statement

    P25

    Replacement Passbook

    P100

    Account Closure (Early)

    P300

    Stop Check Payment

    P200 per request per check

    RCOCI Service Charge

    P1,000

    RCOCI Penalty Charge for every P40,000 or fraction thereof

    P200

    ATM Charges for ATMs of other banks

    P11

    ATM Balance enquiry charges for ATMs of other banks

    P2

    Minimum BP Charges

    P200

    Deposit / Withdrawal Inter-Branch

    Free

    Replacement Time Deposit Certificate

    Free

    How to apply for Maybank Savings Account?

    Online: Maybank accepts online applications for its saving bank accounts at www.maybank.com.ph

    Email: Customers can contact Maybank via email at the address customerservice@maybank.com.ph

    Phone: Customers can call Maybank over the phone at 632 588-3888 or on the Domestic Toll Free number 1800-10-588-3888

    Maybank Savings Account FAQs

    1. Are customer’s deposits safe with Maybank?

      Maybank is a member of BancNet and PDIC which ensures that every customer is insured for up to P500,000 of their deposits with Maybank.

    2. Do Maybank Savings Account have any added features like insurance?

      The Maybank Yippie Savings Account, ImTeen Savings Account come with built in personal accident insurance and medical reimbursement benefits. The Maybank Save n’ Protect Savings Account allows the customer to use the account as a regular savings account and also enjoy the benefits of a fully comprehensive life insurance policy if a minimum balance of P50,000 is maintained.

    3. Does Maybank have any foreign currency Savings Account?

      Maybank Savings Account can be deposited in with Pesos or US Dollars.

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