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 Savings Account in Malaysia

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birain
post May 15 2020, 04:59 PM

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RHB bonus saver account good?
GrumpyNooby
post May 15 2020, 05:02 PM

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QUOTE(birain @ May 15 2020, 04:59 PM)
RHB bonus saver account good?
*
You aware that there's a revision in term of its interest rate right?

QUOTE(acejlsh @ May 13 2020, 09:11 PM)
https://www.rhbgroup.com/others/highlights/..._may/index.html

RHB revision.

Bonus Saver Account get cut on one off basis, from 2.65% down to 1.40%
*
birain
post May 15 2020, 06:01 PM

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QUOTE(GrumpyNooby @ May 15 2020, 05:02 PM)
You aware that there's a revision in term of its interest rate right?
*
not aware. but when i read it, macam kena tipu.

they never tell me, just suggested i take this.

*was desperate to open an account.

This post has been edited by birain: May 15 2020, 06:04 PM
Anangie
post May 19 2020, 09:58 PM

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Which saving account that give better interest rate?
GrumpyNooby
post May 19 2020, 09:59 PM

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QUOTE(Anangie @ May 19 2020, 09:58 PM)
Which saving account that give better interest rate?
*
With or without conditions to meet?
Anangie
post May 19 2020, 10:02 PM

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QUOTE(GrumpyNooby @ May 19 2020, 09:59 PM)
With or without conditions to meet?
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With condition is also fine as long can get higher interest rate.

GrumpyNooby
post May 19 2020, 10:06 PM

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QUOTE(Anangie @ May 19 2020, 10:02 PM)
With condition is also fine as long can get higher interest rate.
*
SC PSA: https://forum.lowyat.net/topic/4892672
OCBC 360: https://forum.lowyat.net/index.php?showtopi...&hl=conditional
Other conditional high yield saving accounts: https://forum.lowyat.net/index.php?showtopi...&hl=conditional

QUOTE(MilesAndMore @ Apr 28 2020, 09:48 PM)
OCBC Bank 360 Account
Up to 3.40%

Standard Chartered Bank Privilege$aver
Up to 5.60%, realistic return is 3.60% starting next month

RHB Bank Smart Account / RHB Islamic Smart Account-I
Up time 4.25%, realistic return is 3.25%
**RM10 account maintenance fee to be charged every June and December if average monthly balance is less than RM1,000. This is a current account and you can request for cheque book facility if needed.

UOB Bank ONE Account
Up to 2.88%

Hong Leong Bank Pay & Save Account
Up to 2.75%

Affin Bank E-Saver / Affin Islamic Bank E-Saver-I
RM2,000 to RM49,999 - 2.25%
RM49,999 and above - 2.50%
**Do note Affin Bank savings account calculation is based on deposit band. Account can only be open via AffinOnline. So yes, you need to have a bank account with Affin Bank prior to opening this account yourself via AffinOnline. For example, you have RM50,000 in your Affin Bank E-Saver, there is no interest for the first RM1,999, then it is 2.25% for the next RM48,000, and finally 2.50% for the last RM1.

MBSB Bank Cash Rich Savings Account-I
2.15% on all balances
*
Anangie
post May 20 2020, 12:58 PM

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QUOTE(GrumpyNooby @ May 19 2020, 10:06 PM)
After the recent revision of interest rate, RHB smart account is at 3.25% if can meet all the conditions exclude investment condition. Is the second choice of account to be opened after scb ps? Is RHB Smart Account yield better interest rate than OCBC 360?
MrTaxxi
post May 20 2020, 10:43 PM

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QUOTE(GrumpyNooby @ May 19 2020, 09:59 PM)
With or without conditions to meet?
*
what about 'without conditions'?

i am using m2u savers

before covid it was 2%.. now 0.85% biggrin.gif biggrin.gif omg...
GrumpyNooby
post May 20 2020, 10:52 PM

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QUOTE(MrTaxxi @ May 20 2020, 10:43 PM)
what about 'without conditions'?

i am using m2u savers

before covid it was 2%.. now 0.85%  biggrin.gif  biggrin.gif  omg...
*
That's the unattractive space.
Sorry can't help much.
FirstAidKit
post May 21 2020, 01:00 AM

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.

This post has been edited by FirstAidKit: May 21 2020, 01:10 AM
Anangie
post May 24 2020, 01:45 PM

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Is interest rate RHB Smart Account at 3.25% still valid as at now (after last revision of OPR this month)?
GrumpyNooby
post May 24 2020, 01:47 PM

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QUOTE(Anangie @ May 24 2020, 01:45 PM)
Is interest rate RHB Smart Account at 3.25% still valid as at now (after last revision of OPR this month)?
*
QUOTE(MilesAndMore @ Apr 28 2020, 09:48 PM)
OCBC Bank 360 Account
Up to 3.40%

Standard Chartered Bank Privilege$aver
Up to 5.60%, realistic return is 3.60% starting next month

RHB Bank Smart Account / RHB Islamic Smart Account-I
Up time 4.25%, realistic return is 3.25%
**RM10 account maintenance fee to be charged every June and December if average monthly balance is less than RM1,000. This is a current account and you can request for cheque book facility if needed.


UOB Bank ONE Account
Up to 2.88%

Hong Leong Bank Pay & Save Account
Up to 2.75%

Affin Bank E-Saver / Affin Islamic Bank E-Saver-I
RM2,000 to RM49,999 - 2.25%
RM49,999 and above - 2.50%
**Do note Affin Bank savings account calculation is based on deposit band. Account can only be open via AffinOnline. So yes, you need to have a bank account with Affin Bank prior to opening this account yourself via AffinOnline. For example, you have RM50,000 in your Affin Bank E-Saver, there is no interest for the first RM1,999, then it is 2.25% for the next RM48,000, and finally 2.50% for the last RM1.

MBSB Bank Cash Rich Savings Account-I
2.15% on all balances
*
This post has been edited by GrumpyNooby: May 24 2020, 02:18 PM
Anangie
post May 24 2020, 01:51 PM

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QUOTE(GrumpyNooby @ May 24 2020, 01:47 PM)

*
How about for RHB Smart Acc? I saw in website still 3.25%?

https://www.rhbgroup.com/RHBOnlineDepositAc...nxoCbqsQAvD_BwE

GrumpyNooby
post May 24 2020, 01:56 PM

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QUOTE(Anangie @ May 24 2020, 01:51 PM)
How about for RHB Smart Acc? I saw in website still 3.25%?

https://www.rhbgroup.com/RHBOnlineDepositAc...nxoCbqsQAvD_BwE
*
Yes, realistically 3.25% pa as long as you meet all the Save, Pay & Spend requirements.

This post has been edited by GrumpyNooby: May 24 2020, 02:21 PM
Anangie
post May 25 2020, 11:34 AM

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QUOTE(GrumpyNooby @ May 24 2020, 01:56 PM)
Yes, realistically 3.25% pa as long as you meet all the Save, Pay & Spend requirements.
*
Thanks for the information. It should be a good saving account besides SCB PSA. it generate better interest yield than FD if can fulfill the condition.
acejlsh
post May 31 2020, 09:32 PM

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QUOTE(birain @ May 15 2020, 04:59 PM)
RHB bonus saver account good?
*
BEFORE the interest rate change, this is the BEST saving accounts in the market as you only need to work on the condition for the first year. Second year onwards you do not need to do anything more to enjoy 2.65% base rate; but now it is only 1.4%.
birain
post May 31 2020, 09:56 PM

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QUOTE(acejlsh @ May 31 2020, 09:32 PM)
BEFORE the interest rate change, this is the BEST saving accounts in the market as you only need to work on the condition for the first year. Second year onwards you do not need to do anything more to enjoy 2.65% base rate; but now it is only 1.4%.
*
i see, any recommendations?
GrumpyNooby
post May 31 2020, 09:57 PM

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QUOTE(birain @ May 31 2020, 09:56 PM)
i see, any recommendations?
*
RHB Smart Account:
https://www.rhbgroup.com/RHBOnlineDepositAc...nxoCbqsQAvD_BwE

Realistically 3.25% pa as long as you meet all the Save, Pay & Spend requirements.
GrumpyNooby
post Jun 1 2020, 10:58 AM

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IMPORTANT NOTICE [FOR CIMB]
Savings / Current Account Interest / Profit Rate Revision

Dear Value Customers, Effective 01 June 2020, CIMB will revise Interest/Profit Rate for selected savings/current account.

Refer to attachment for details:
https://www.cimb.com.my/content/dam/cimb/pe...e-2020(ENG).pdf

This post has been edited by GrumpyNooby: Jun 1 2020, 11:09 AM

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