Hi, I want to open a saving account at Citibank, as I will be going to study in Korea and they have branch in Korea (which means no additional transaction fee for cash withdrawal).

I just left my previous company early this month for going to Korea next week, so I don't have a "proof" for my income. The banker is not sure how I can be eligible to open an account at Citibank... I need to register under the place I stay here but it is under my mum's name and my mum is a housewife... so the banker just ask me to leave my contact number and she will call back after checking with their account department...

Any idea how can I open an account without going through so much of hassle? Any advice would be much appreciated. Thank you!

Why need proof of income to open saving account in Citibank?

I wonder as well. Hope that anyone with experience opening saving account at Citibank can advise.

HLB CASA: Online Standing Instruction Promotion [ HLB | T&Cs (EN) | T&Cs (BM) ]
25 May 2016 – 30 Nov 2016

Hey guys,

I am looking for a pure savings account with good interest. I not interested in FD and as i just started my career and want the flexibility to take out some money for emergency.

So for now i have an 2 main account.
1) Cimb is for paying bill, performing transaction via online banking and withdraw money for daily use.
2) Maybank is for monthly deposit of savings.

For now, half of my Maybank savings is in Maybank GIA for extra interest, but the principal amount is not guaranteed. 4% so no complaints. Meanwhile the other half is just sitting down generating basic Maybank interest rate.

So i am looking to maintain my Maybank GIA while moving the remaining half of my savings into a savings account with better interest rate. I dont really need to withdraw from this account, unless emergency.

Can anyone recommend me a good savings account? Thank you in advance!

This post has been edited by omgimahero: Jun 8 2016, 10:10 AM

Already revised the rate. Which savings account you keep now?

https://www.ambankgroup.com/eng/Announcements/Pages/20160413-InterestRateRevision.aspx

Dear Valued Customers,

Please be informed that effective 1 May 2016, the TRUE Savers Account interest rate will be revised as follows:
Account Feature Existing Revised
Flat Interest Rate 2.8% p.a. 1.8% p.a.

Maybank eGIA-i. My ambank true savers now contain effectively RM0. Will close it one of these days.

This post has been edited by Ramjade: Jun 9 2016, 08:08 AM

CIMB New CASA Account Opening Campaign [ CIMB | T&Cs ]
Promotion valid from 15 July 2016 until 30 September 2016.

Just complete all 3 steps within 30 days to be eligible for and AirAsia e-Gift Voucher!




Walk in to any CIMB Bank branch to open a savings or current account today.

Notes:
1. Eligible for new and existing CIMB Bank customers who walk in to any of the branches to open a conventional current or savings account. New current account and/or savings account opened via CIMB Clicks during the campaign period are excluded.
2. The minimum deposit amount must be maintained in the new account on the 30th day from the date of opening of the new account.
3. Customer must register for CIMB Clicks and perform 1 online banking transaction within 30 days from the date of opening of the new account.
4. Please ensure that that bank has your updated mobile number and e-mail address.
5. All winners will be notified by SMS and the AirAsia e-Gift Voucher will be sent to your e-mail within 10-12 weeks after campaign ends.
6. Each eligible customer is entitled to win one AirAsia e-Gift Voucher throughout this campaign.
7. Click on below button for more information and full terms and conditions of this campaign.

Member of PIDM. Eligible for protection by PIDM.

This post has been edited by cybpsych: Jul 15 2016, 07:32 AM

UOB: Earn up to 3.5% p.a. with your savings account [ UOB | T&Cs (EN) | T&Cs (BM) ]

similar to OCBC 360

Already shared in M2U topic, but also relevant here...



This post has been edited by cybpsych: Aug 12 2016, 09:43 AM

And CIMB is reducing their CASA rate too, the once great Air Asia Savers now offers 0.10% per annum:

http://www.cimbbank.com.my/content/dam/cim...-casa-rates.pdf

just wanna ask you guys. what's the difference between basic savings account and regular savings account? as far as i have read, basic savings account only need to deposit a minimum of rm20 to open account with either no annual fee (limited atm withdrawals) or annual fee of rm8 (unlimited atm withdrawals). so doesn't it mean basic savings account is better?

Their interest tier structure is different.

Take CIMB as an example.

Assumed you have both BSA and RSA conventional and have both above 100k.

Under BSA, above 100k you will only earn 0.35% p.a. up to 0.45% p.a.

While RSA, above 100k will give you 0.8% p.a.

The interest rate difference is a bit insignificant but thats the noticable difference

Plus, BSA is a product mandated by Bank Negara for every bank to have that BSA with no fee option for free banking to be possible

i see. thanks for the clarification. just dislike paying the annual fee or atm fee or whatever they call it. lol

I normally opt for BSA no annual fee option from most banks to experience their inter banking or potential product later.

Having said that, some bank staffs do not know there is such a no annual fee option for BSA and you need to insist and explain to them and ask them to lookup on their website or portal to convince them

The only exception that I pay for is OCBC 360 (one time atm issuance fee as oppose to annual fee but given their potential product feature, so still ok)

Ambank TRUE accounts and StanChart Just One account (me planning to do so) are not BSA but no annual fee that I know so far

perhaps banks don't make anything from basic savings account. i went to one CIMB, the person at the counter giving out numbers insisted BSA only for working purposes and need to produce offer letter. i went to another CIMB branch, and got it done without problem.

Would recommended you to forget ambank truesavers as it only have free IBG. StanChart Just One have free unlimited IBFT.

Most bank staffs will push you for the annual fee option

If one do not know about the no annual fee BSA option, most of them will end up paying the annual fee

After all, as you said, BSA is just a compliance product, they earn nothing from it, is good that customers dont know and they earn the annual fee from them

Personally, I do mostly internet banking and rarely rely on ATM (aside from cash), so will always insist on no annual fee option

last time I went to RHB bank to open a BSA, before I go, I print the BSA no annual fee option out from their website..
when I reach the RHB branch, I hand over the print out and say I want to open this account..

Hi guys.
It is possible to convert from annual fees to non annual fee bsa? I using cimb bsa with fees.
I tried to email them but no answer so far. Anyone has experience convert/ change it?
Thanks