If you read the comments, there is 神經病。

exactly, that's why I try to confirm here if anyone know.. but seems up till now. no confirm answer yet

The best answer is ask from the banks themselves.

Depends on the bank itself

For Basic SA there are limits imposed by the banks but it depends on your track records

I been doing more than 150 tranxz per month and there is no limit yet on basic SA

Important Notice: Revisions of Savings Account/-i Statement Cyle Date
3 September 2021

Important Notice: Revisions of Savings Account/-i Statement Cyle Date

Dear Valued Customers,

Effective 24 September 2021, Savings Account/-i Statement Cycle Date listed will be revised as per below.

FAQ: https://www.cimb.com.my/content/dam/cimb/pe...unt-eng-faq.pdf

All sifus, is Public Bank Unionpay saving account worth to apply? Just to maintain 10k in account balance every month to get RM10 cb?

RM10 pm = RM120 pa...
= 1.2% pa

what is the saving rate for this Unionpay saving account?

is it 1st 3k = 0% pa
then 7k @ 0.30% pa = RM 21pa

which meant 10k you will get 21 + 120 = RM141 pa? or 1.41% pa ?





This post has been edited by MUM: Sep 6 2021, 03:04 PM

Thanks. So no need to every month pump in rm10k. Just make sure every month balance got rm10k then can easily get rm10 cb per month?

It is worth if you don’t want to put the rm 10k in fd. No need to wait mature date.

if that is the case,...many would tell you to put into MMF.....
No need to wait mature date
better rate than this 1.41%

Simplest solution just put in Frank at 1.8%

Thank you for both of your reply/suggestion.

comparable to 1month FD rate worr

The below would then be more appropriate....

1 month rate with anything above OPR would be a few options purely on savings and MMF

Can somebody advise which bank should i open a new savings account? Only considering between CIMB or Public Bank.

Which are safer and offer good interest? Public Bank is way more accessible in my area but i feel their online banking n app seems very outdated, while CIMB constantly up their game to be on par with Maybank.

Currently only has Maybank and thought of putting my eggs in different basket, will mostly just use for savings n create eFD with no intention of transfer out.

What's your main purpose of opening an account in another bank?
Diversify your money holdings? Do you plan to use FD of that bank?

I can't say too much about PB, just had an account briefly with them.
But I know they're damn stingy with they interest on savings account.

CIMB has decent savings account, there are 2 accounts where if you keep a monthly balance of RM5k, you get RM5 bonus.
However, I strongly disagree that CIMB online banking is great
Yes they have made improvements but I still find them to be the worst one I've experienced:
1. "Daily" maintenance between 11.55 pm to 6.00, where some services are not available
2. Random downtimes that can last for hours or days, though admittedly they have gotten better. But it was pretty frustrating when it happens and you can see their Facebook pages flooded with complains
3. Random "maintenance" over weekends etc.
4. CIMB clicks app still doesn't implement fingerprint security/access. You can "superficially" login using fingerprint or allow transfer of favourite accounts. But do anything more like view transactions etc, you need to key in your CIMB clicks password.

I've never seen any online banking portal that requires "daily maintenance".

Yes, diversify money holdings and use eFD as stated in my last sentence.

May i know which 2 accounts are they that you mentioned? I've heard alot complaints about CIMB downtime, but hows the security?
I will mostly use this new savings account to create eFD or just leave it there, as main savings account w/o much transaction unless neccesary.
Only access through online/app so security is a concern as i duwan 1 day when i login semua savings habis

Hopefully can get more input from other forumers here.

CIMB imposes a high annual fee for Debit Card, on the point of issuance, you will get charged for RM15 issuance fee, and there will be RM15 charged annually from second year onwards. Refer here:
https://www.cimb.com.my/en/personal/help-su...ebit-mastercard

The above charges, however, do not apply if you opt for:-
BASIC SAVING ACCOUNT (OPTION 1) NO ANNUAL FEE
Link: https://www.cimb.com.my/en/personal/day-to-...gs-account.html


The downside, would be, the free option comes with a monthly threshold of how many time(s) user can use the
- counter service (known as Over-The-Counter transaction): Free 6 over-the-counter visits. Above threshold - RM5.00 per visit
- ATM cash withdrawal: Free 8 ATM cash withdrawal. Above threshold - RM0.50 per transaction
Reference: https://www.cimb.com.my/en/personal/help-su....html?#basic-sa

In case you require unlimited option, you may opt for:-
BASIC SAVING ACCOUNT (OPTION 2) WITH ANNUAL FEE- that offers the unlimited monthly OTC (Counter) & ATM cash withdrawal usage.
Reference: https://www.cimb.com.my/en/personal/day-to-...gs-account.html

This post has been edited by a.lifehacks: Sep 13 2021, 10:18 PM

I know CIMB AirAsia Savers Account has the RM5 cash back, would you mind to share which is the other CIMB Bank Account product that offers the same feature?

CIMB AirAsia Savers Account: https://www.cimb.com.my/en/personal/day-to-...rs-account.html

For Public bank, I would recommend this product:-
PB UnionPay Savings Account
https://www.pbebank.com/Personal-Banking/Ba...gs-Account.aspx

Reason being, there are constantly promo campaign for cash back with their UnionPay debit card which are much more widely accepted- on par with VISA/ MasterCard (when compared with AMEX) in Malaysia.

Annual Fee for the debit card is RM8 (just like other banks with fee options- unlimited Counter/ atm cash withdrawal usage)
https://www.pbebank.com/Personal-Banking/Ra...ebit-Cards.aspx

For the list of promo:-
https://www.pbebank.com/Personal-Banking/Pr...your-share.aspx


Other promo for Public Bank Debit Card (other than the UnionPay debit card)
https://www.pbebank.com/Personal-Banking/Pr...Debit-Card.aspx
https://www.pbebank.com/Personal-Banking/Pr...ron-Visa-C.aspx
https://www.pbebank.com/Personal-Banking/Pr...government.aspx. [GOVERNMENT TRANSACTIONS, usually banks don't give cashback for government transaction, but public bank is famous for giving out promo for govt transactions)



Hope the above helps.

This post has been edited by a.lifehacks: Sep 13 2021, 10:35 PM