i want to ask what are the differences between current account and saving account? yesterday i went to bank muamalat to bank-in some money. but the bank officer told me to open current account. i'm now in saving account have approx around rm25k. should i open current account or just leave it in saving account?

Current account can have cheque...I guess ^^ And if Maybank current account can get Master Card instead of Saving account can get Visa Card only...^^

That's all I know. If I am wrong sorry...^^

With most banks, current accounts pays no interest. Even if they do, they're usually much lower than savings accounts.

The only reason to get a current account is so that you can write cheques. You can have both a current and a savings account with the same bank. If you don't intend to write any cheque, there's no point getting a current account.

This post has been edited by dkk: Apr 27 2011, 09:18 PM

Well, thats the traditional CA. Check this link .. for Maybank Premier

http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

So now is the advantage of writing cheques is the only reason opening current account?

Yes bro.

At the same time u create the CA, they can straight apply the CC & the ATM card at once. Been asked for apply CC when apply the CA from CIMB.

Hi,

Current Account is also known as a checking account, comes with chequebook facility. Usually you need to maintain a certain balance in the current account if not will charge you account maintenance fee. If you write a lot of cheques, you should get a current account.

Savings Account is a basic account with no chequebook. Most savings account have no maintenance fee. If you plan on using as a secondary account or to save aside, you should get a savings account.

I am offering PowerPay Savings Account (Interest from 2.0-2.5% p.a.) and Saadiq Saver-i Current Account (Interest from 1.3-1.9%p.a.), if you open either the above 2 accounts from me, no minimum deposit, no ATM cum Mastercard Debit card charges, no ATM cum Mastercard Debit card annual charges. Free unlimited transactions within Standard Chartered, within House networks (RM1 per transaction) and Meps networks (RM4 per transaction), Internet Banking Transactions (RM0.50 per transaction). We are offering one of the highest interest for savings account and current account.

This post has been edited by muddie: Apr 28 2011, 06:03 PM

thanks all for reply my topic, so the different between these 2acc just only cheque book? what about the dividend? izzit CA have higher dividend compare to SA?

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Added on April 29, 2011, 1:18 ammuddie,

about powerpay SA, izzit same offer that i get if i open the acc at Standard Chartered alorsetar compare to your offer?

This post has been edited by ResQ: Apr 29 2011, 01:18 AM

can use i-account at maybank .. same as personal CA...

Hi,

You cannot get PowerPay Savings Account through the branch, this account is only through Employee Banking Progam.

Yes the difference between savings account and current account is current account have chequebook facility, overdraft facility and monthly maintenance fee. Dividend? U mean the interest rate? Usually savings account give higher interest than current account.

However just received updated news, Employee Banking will not be offering PowerPay effective 3rd May. We are launching a new product:

SuperSalary Current Account
Interest up to 2.0% p.a. No introducer, no minimum deposit, no account maintenance fee, no ATM cum Mastercard Debit card annual charges. Comes with chequebook facility, phone banking, internet banking (all internet transactions RM0.50 unlimited).

This is the first current account with no monthly account maintenance fee (no need to maintain minimum balance) and cheapest internet banking.