I just notice there is no dedicated thread into the discussion regarding Savings Account in Malaysia. Since most of us have a savings account for our monthly transaction I guess we should have a place to discuss about which is the best and if there is any negative or positives feedback from the current users..

A few article that caught my eyes

Maybank2U Savers :

Interest Rate :
2.10% p.a. : RM 2,001 < Balance < RM 50,000
2.30% p.a. : RM 50,000 < Balance

http://genxgenygenz.blogspot.com/2012/11/m...t-card-for.html
http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

Dedicated thread for Maybank2U Savers / Savers-i :
http://forum.lowyat.net/topic/1929385

Maybank M2U savers-i :

Indicative Dividend Rate Tier (p.a.) :
0.40% p.a. : Balance < RM 2,000
2.10% p.a. : RM 2,001 < Balance < RM 50,000
2.30% p.a. : RM 50,000 < Balance

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

Dedicated thread for Maybank2U Savers / Savers-i :
http://forum.lowyat.net/topic/1929385

CIMB Bank Airasia Savers Account :

Interest Rate: 1.20% p.a. on all balances(monthly bonus of RM5 bumps it up to a rate of up to 2.40% p.a with no over-the-counter transactions monthly)

http://www.cimbbank.com.my/index.php?ch=cb...2&tpt=cimb_bank

Charges & Fees


Standard Chartered JustOne Account :

JustOne Saving Account Base Interest Rates:
There are 3 versions of JustOne account now.



http://www.standardchartered.com.my/person...justone_account

Dedicated thread for JustOne Savings Account:
http://forum.lowyat.net/topic/2488569

OCBC Smart Savers Account :

Note: If there is no new deposit for that month, the interest rate is 2.5%

Interest Rate changes depend on deposit amount for that calendar month (No withdrawals during calendar month) :
2.40% p.a. : Deposit < RM 49.99
2.75% p.a. : RM 50 < Deposit < RM 999.99
2.90% p.a. : RM 1,000 < Deposit

Drawback of this Savings Account is if at least 1 withdrawal were made during calendar month, interest rate drop to 0.50% p.a for that month

http://www.ocbc.com.my/personal-banking/Ac...rs-account.html

Affin Bank Basic Savings Account :

Interest Rate Tiers :
0.90% p.a. : Balance < RM1,000
1.45% p.a. : RM1,000 < Balance < RM5,000
1.90% p.a. : RM5,000 < Balance < RM20,000
2.80% p.a. : RM20,000 < Balance < RM100,000
2.85% p.a. : RM100,000 < Balance < RM500,000
3.10% p.a. : RM500,000 < Balance < RM1,000,000
3.38% p.a. : RM1,000,000 < Balance

Source: http://savemoney.my/affin-bank-basic-savings-account-review/
Source: http://genxgenygenz.blogspot.com/2012/09/t...n-malaysia.html

Comparison of Savings Account Interest Rates :


Comparison of Senior Saving Accounts Interest Rates :

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Added on

With withdrawal and no condition on fresh deposit :

Below RM1,000 balance = CIMB Bank Airasia Savers Account - 1.2% p.a
Balance between 1,000 - 1,999 = (with no fresh deposit) Affin Bank Basic Savings Account - 1.45% p.a.
Balance between 2,000 - 4,999 = Maybank M2U Savers / Savers-i - 2.10% p.a
Balance between 5,000 - 6,500 = CIMB Bank Airasia Savers Account - 2.40% - 2.10%
Balance between 6,500 - 20,000 = Maybank M2U Savers / Savers-i - 2.10% p.a
Balance between 20,000 - 100,000 = Affin Bank Basic Savings Account - 2.80%
Balance between 100,000 - 500,000 = Affin Bank Basic Savings Account - 2.85%
Balance between 500,000 - 1,000,000 = Affin Bank Basic Savings Account - 3.10%
Above 1,000,000 = Affin Bank Basic Savings Account - 3.38%

With no withdrawal :

With RM0 - RM49.99 fresh deposit each month = OCBC Smart Savers Account - 2.50% p.a
With RM50 - RM999.99 fresh deposit each month = OCBC Smart Savers Account - 2.85% p.a
Above RM1,000 fresh deposit each month = OCBC Smart Savers Account - 3.0% p.a

OCBC Smart Savers Account is not suitable for those who which to use their Savings Account as their regular transaction account. If no withdrawal are made, the interest is high, but once a withdrawal is made, the interest drop to a sad 0.5% p.a for that month.

Special mention:

With at least RM1,500 fresh deposit each month in a single transaction NOT originating from the customers own accounts with Standard Chartered Bank = Standard Chartered JustOne Account - 1.25 to 2.0% p.a

Deposit must be made only to JustOne Current Account / Account-i. Can be moved around once done.

But the benefit with JustOne Account, once the RM1,500 requirement is fulfilled, your JustOne Current Account will enjoy unlimited free withdrawals from MEPS and HOUSe ATMs and free Interbank GIRO Fund Transfers via Standard Chartered Online Banking and ATMs in Malaysia.

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Added on

This is a source I've referred to. It includes a very nice table of calculation for some.
http://savemoney.my/best-savings-accounts-...banks-reviewed/

Best Savings Account in Malaysia by Gen-X
http://genxgenygenz.blogspot.com/2012/09/t...n-malaysia.html

1) What is the e-SmartSavers Account
e-SmartSavers Account is the first savings account that you can apply online in 3 simple steps. With this savings account, you can save and enjoy great rates as high as 4.00% p.a. while having the flexibility to withdraw or deposit to your capabilities. Also turn your financial goals into reality with the savings goal feature available with Online Banking.

2) What are the restrictions to the e-SmartSavers Account?
 The e-Smartsaver account will be restricted to maximum withdrawal amount of RM25,000 per calendar year and no limit on deposits. Please visit any OCBC branch to remove this withdrawal restriction. Learn more.
 No cheque book facilities or international transfers permitted.

...

6) How many e-SmartSavers account I can open?
It is limited to 1 account per customer.

7) I am holding a SmartSavers account. Can I open this e-SmartSavers account?
Yes, you can apply for it online.

8) I am holding a normal OCBC savings account. Can I open this e-SmartSavers account?
Yes, you can apply for it online.

Read more.