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 Savings Account in Malaysia

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Gen-X
post Nov 15 2012, 10:22 PM

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From: KL

@WhitE LighteR

Bro, good job in compiling Savings Account interest rates at Post#1.

With you updating Post#1 frequently, I am sure this thread will benefit many people.

Most of us know that Affin's FD rates are very good for a commercial bank and the board rates can be better than other banks' FD promotional interest rates. And guess what - Affin Bank's Savings Account rates are also one of the highest in town.

I have updated my article The Best Savings Account in Malaysia with tables provided by Affin Bank (in November 2012) as shown below:

Comparison of Savings Account Interest Rates
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Comparison of Senior Saving Accounts Interest Rates
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However, do note that the interest rates stated in tables above is different from that shown in Afiin Bank's website.

This post has been edited by Gen-X: Nov 15 2012, 10:25 PM
Gen-X
post Dec 24 2012, 04:43 PM

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UOB recently launched their children savings account called Fun Savers.

user posted image

The UOB Fun Savers Savings Account for children pays up to interest of 2.9% p.a. (as of December 2012) for deposit not more than RM50K which is not bad. You are allowed 1 FREE withdrawal a month and subsequent withdrawal in the same month is subjected to RM2 fee.

The only thing I dislike about UOB Fun Savers is that it credit the interest half-yearly versus Hong Leong Bank Junior Savings Account which credit the interest monthly.

To find out which is the best Savings Account for Adults, Parents, Children and Grandfathers and maybe Grandmothers too, please click here to read my article The Best Savings Account in Malaysia.

And if you have a Maybank credit card and or savings account, I believe my articles mentioned below may be beneficial to you:

My Maybank Platinum Debit Card for My Maybank Credit Cards. In this article I will show you how you can maximize earning pocket money while waiting to pay your Maybank credit card bills.

Maybankard 2 Cards American Express to Pay Your Bills Online. In this article I will show you how you can earn 5X Treats Points by using your MBB2 AMEX to pay your telekom, Unifi, Local Council Assessment Bills and earn yourself 5X Treats Points with Maybank2U.com

 

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