Choose a country
Philippines
Select a city
Select a city
Additional Information
English (PH)
Select country
Choose a country
Philippines
Canada
España
México
Philippines
United States
Việt nam
Казахстан

Maybank savings accounts for december 2022 in the Philippines

Maybank
Open a savings account at Maybank. On 03.12.2022 there are 6 options available to you.

Offers: 6

Updated:
14.10.2022
11:07
EzySave+
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

iSave
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Classic Savings Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Open a savings account on favorable terms!
Open a savings account on favorable terms!

Use the system for selecting the most profitable savings account online!

Yippie Savings Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

IM Teen Savings Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Save 'n Protect Savings Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Other types of savings accounts

How to open a savings account

Fill out your application
Fill out your application

On our website you can fill out a short application form for a savings account.

Send your application online to the suggested banks
Send your application online to the suggested banks

After the parameters being checked, you will be able to send your application to the appropriate companies.

Wait for a response from the bank
Wait for a response from the bank

If necessary, a bank specialist will contact you to clarify the details.

Open your account!
Open your account!

Sign the contract and open your account online or at the bank's branch.

Apply Your data is securely protected

BillEase
5
Albert T
Albert T
02.12.2022 at 09:25
The best interest – lower than other companies. I've been using Billease for 2 years, and want to say thanks. You may use it with no fear to pay for you smartphone or smth.
Review
TALA
2.6
Allan P
Allan P
01.12.2022 at 09:55
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account...
Review
BillEase
4.2
Marvin T
Marvin T
27.11.2022 at 13:25
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card...
Review
TALA
3.2
Joan T
Joan T
24.11.2022 at 19:07
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Review
BillEase
4.2
Evelyn M
Evelyn M
22.11.2022 at 10:10
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Review
BillEase
3.2
Erwin P
Erwin P
17.11.2022 at 13:05
I decided to get a second loan, bigger one. But it takes me ages to apply. They already had my info and acc. Why so long? My sis says its the best lender… I dont know.
Review
Maybank savings accounts for december 2022

Maybank savings account is a perfect account for you to save your money. You can deposit or withdraw cash anytime, anywhere in the world.

Types of Maybank savings accounts

  • Save'n’Protect Savings Account. You save money and enjoy free life insurance coverage when you maintain an average daily balance of ₱50,000. The average daily balance required to earn interest is ₱20,000 at 0.25%.
  • iSave. You can only open this account via the Maybank2u app. You can withdraw from any Bancnet ATM in the Philippines for free and any ATM worldwide carrying the Visa logo.
  • Classic Savings Account. It is a regular passbook-based savings account with a free regional ATM card. You can access funds anytime as you maintain a minimum balance of ₱10,000 to enjoy interest.
  • Yippie Savings Account. Kids below 12 years old can use this savings account with personal accident insurance and medical reimbursement benefits. To get an interest rate of 0.25% per year, you must ensure the account always has at least ₱500 and a balance of ₱5,000. Kids with a Yippie savings account are eligible for free personal accident insurance with coverage up to ₱500,000 or five times the ADB from the previous month.
  • IM Teen Savings Account. The IM Teen Savings account is an additional savings option for children. With built-in personal accident insurance and medical reimbursement benefit, children between the ages of 13 and 17 are covered. A minimum balance of ₱5,000 is required to earn interest on the savings account, and ₱500 is needed to keep the account active.

How to apply for a Maybank savings account?

You can apply for Maybank savings account at the branch. Here's how:

  1. Gather all relevant documents, including your identification and proof of residence.

  2. Visit your nearest Maybank branch and meet with a banker to discuss your needs and what type of account would suit you best.

  3. The banker will process your application and provide you with a temporary passbook so that you can make transactions until the bank issues the permanent passbook.

Requirements for a Maybank savings account

Below are some of the requirements to open a Maybank savings account:

General requirements

  • Current and Foreign Currency Account submission of proof of latest billing for walk-in customers.
  • Alien Certificate of Registration (ACR) for non-Filipino customers conducting business or authorized signatories on a company or business account.
  • Certificate of Registration from the BSP for foreign remittance agents.
  • The child's birth certificate for an In-Trust-For (ITF) account.
  • A Certificate of Registration of Business or Trade Name issued by DTI i for sole proprietorships.
  • Securities and Exchange Commission (SEC) registration to confirm partnership.
  • The list of directors, significant investors who own at least 2% of the company's capital stock, and beneficial owners, if any, for corporations.
  • The Registration Certificate by the Cooperative Development Authority.

Valid IDs

  • Passport
  • Driver's license
  • Birth certificate
  • Postal ID
  • Barangay certification
  • Senior citizen card
  • Library ID

Pros and cons of a Maybank savings account

Here are some advantages and disadvantages of Maybank savings accounts.

Pros

  • You may use Maybank2u to deposit and withdraw money from your savings anytime.
  • You can manage your money anytime, anywhere, and from the comfort of your smartphone with the Maybank mobile banking app.
  • It is simple to set up an automatic transfer into your monthly, weekly, or even daily savings account. If you are worried about forgetting to save money, this is a great way to ensure you don't.

Cons

  • The maximum deposit amount for your iSave account is ₱100,000, which still needs to be verified by Maybank within the first 12 months of operation.
  • The kids who own the IM Teen Savings Account must have a minimum balance of ₱ 50,000 to access the included personal accident insurance.

FAQ

Is the money in my Maybank savings account insured?

Yes. PDIC provides deposit insurance for up to ₱500,000 per depositor.     

Are my savings with Maybank savings accounts taxed?

The money in your savings account is not directly taxable. On the other hand, you must disclose interest from savings accounts as taxable income and on your tax return.  

Are credit checks required for Maybank savings accounts?

No, credit checks are unnecessary to open a savings account with Maybank.