Benefits
- Convenience of deposit, withdrawal and closing of GSPA account at any Maybank branch in Malaysia
- Introduced by the country's largest bank, 100% backed by physical gold and in collaboration with the World Gold Council
- Cheaper as gold prices quoted are pegged to international gold prices without additional charges
- Ability to build a personal gold portfolio by purchasing gold in small amounts (minimum 5gms) regularly over a period of time
- Opportunity for capital gain if the price of gold appreciates
- Possible hedge against inflation
- Easy access to account details and transaction history via Maybank2u.com for GSPA individual / joint account holders with Maybank2u.com access.
Who can apply
- Individuals
- Joint account – maximum 4 persons
How it works
The Gold Savings Passbook Account (GSPA) is an account that lets you invest in gold in a convenient, more secure and cheaper way. You can purchase gold in 999.9 fineness at all Maybank branches at daily quoted gold prices for 1gm in Malaysian Ringgit. All transactions will be recorded in your GSPA passbook.
Whenever you need to, you may conveniently withdraw from the GSPA at the prevailing gold price in the following ways:
- Physical gold: Gold Wafers @ 10, 20, and 50 can be withdrawn at selected branches. A conversion charge to cover the shipping and insurance will be charged for the physical gold withdrawal
- Cash: The amount of gold holdings can be converted to Ringgit Malaysia at the prevailing market price. The amount in RM will be credited into your Maybank deposit account
Fees & charges
Withdrawal of physical gold is subject to conversion charge to cover shipping and insurance. The fee varies and depends on the total physical gold to be withdrawn.
Next steps
Call us
Got a question? Call our Customer Care hotline at1-300-88 6688, any time,
any day
FAQs 
Why is there a conversion charge for withdrawal from the GSPA in gold wafers?
Will the gold price quoted daily be better than at goldsmith shops?
How much are you worth?
Take a snapshot of your current financial situation with our net worth calculator >Next steps
Call us
Got a question? Call our Customer Care hotline at1-300-88 6688, any time,
any day
Please fill in the following details and we will be in touch to assist you with your application.
Can we help?
All You, All Here! Click Here for information on how to use our site, or contact our Customer Service at 1-300 88 6688 (local) or 603-7844 3696 (overseas) any time, any day.
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