Review & Rating Maybank Passbook Savings Account 2024
Maybank Passbook Savings Account requires the accountholder to have an initial deposit of $500 for Singaporeans or Permanent Residents and also for Malaysians with Work Permit but it imposes $1000 initial deposit for foreigners. It has an attractive interest rate of up to 0.25% p.a as of October 3, 2019
Maybank Singapore
Maybank is among Asia's leading banking groups and is South East Asia's fourth-largest bank by assets comprising of 765.3 billion Malaysian Ringgits. It has an international network of 2,600 branches in 18 countries including all 10 ASEAN countries, chiefly focusing on its "home market" of Malaysia, Singapore, Philippines, and Indonesia. Mayback offers an extensive range of products and services to its customers including Commercial Banking, Investment Banking, and Insurance. Singapore is one of Maybank groups largest overseas operations and for the provision of more value to its customers Maybank Singapore Limited was created, one of the subsidiaries of Mayback groups, to carry its wide-ranging operations in Singapore. It has been effective since 5 November 2018 and operates with Qualifying Full Bank (QFB) privileges in more than 25 service locations. As of 31 December 2018, Maybank's total assets in Singapore were approximately $73.3 billion and had a staff strength of over 2000 employees
