Best Saving Account Malaysia

You can save your money in your child s name or start encouraging them to save money early on.

Best saving account malaysia. Earn profit by the way of hibah gift on your account balance and benefit from the rock solid guarantee of safe keeping from the bank. There s a relatively low minimum balance of 250myr which you ll need to hold in your account at all. For example a teenager s first savings account might have different benefits than a savings account designed for people in retirement. The more you save in these junior saving accounts the more you can earn in annual interests.

The best tip to start a savings account in malaysia is to go for the junior saving accounts. The ocbc 360 savings account is designed to encourage customers to use more of ocbc s products and. Get all the benefits of the best savings accounts in malaysia right here. Best islamic savings accounts in malaysia 2020 compare shariah compliant savings accounts that are open to muslims and non muslims alike.

Best junior savings account hong leong bank 3 in 1 junior account you get a savings account fixed deposit and debit card all at once with this account. The m2u savers and its syariah compliant variant m2u savers i both used to offer as much as 2 5 per cent p a. Based on the historical hibah rate you may enjoy up to 2 55 p a. Either way the interest is higher than normal saving accounts.

2 hong leong bank premium savings account. Interest with a minimum balance of rm2 000. As high as term deposit given at the discretion of the bank. Best savings accounts in malaysia 2020 earn interest on your savings account no matter how much you have deposited withdraw your cash whenever you want and enjoy peace of mind knowing your money is working for you all day every day.

Alliance saveplus account i a shariah compliant account based on qard concept with flexible withdrawal. 6 best savings accounts in malaysia for working adults 1 ocbc 360 account. Five different deposit tenures of 12 24 36 48 and 60 months. Most banks offer a wide range of savings accounts depending on different preferences.

For savings accounts there is a lot of choice in malaysia.