High interest rate of 2.80% + 3-withdrawal limit per month
+
Free unlimited online IBG + 5 free MEPS ATM withdrawals per month



For more information, please click HERE

This post has been edited by MilesAndMore: May 28 2015, 10:43 PM

Any maximum amount for each withdrawal ?

ATM - RM5,000 per day
Online IBG - RM20,000 per day

2.8% p.a, quite good for a savings acc

Something like Mach by HLB ?

In the website, I could not locate the table showing interest rate. Hopefully, it is not same as Affin Bank's tiered interest rate.

Anyone applied for it? It would be really good if it's flat 2.8% without tiered interest rate

there is no mention of how frequent the interest will be paid. mbb m2u savers i interest is paid out monthly

I believe most savings account in banks are computed on a daily basis and credited monthly into the account

Wow, I think this is one of the highest in the market now. Any catch?

website not much detail on the True Savers account and its T&C

guys, 2.8%, FLAT RATE, confirmed on FB


Attached image(s)

thanks for asking them

free 3 withdrawals per month, it was not defined properly. Does payment using the debit card or IBG meet the condition of withdrawal? or atm withdrawals only?

do i need to put in a fixed amount every month to get the 2.8%pa interest?

It is a flat interest rate of 2.80% like cklimm said.


They did state this on one of the PDF files containing the T&C of this account. Interest will be paid out on a monthly basis.


On the contrary, the interest earned for most of the savings account offered in the market is credited into the account on a half-monthly basis.


This info can be found in one of the PDF files containing the T&C of this account too. Any withdrawal from the True Savers account, be it 3rd party transfer, ATM withdrawal, bill payment, IBG are all considered as withdrawal. So as long as there is money out from the True Savers account, it will be counted as one withdrawal.


It is stated that one can enjoy a high interest rate of 2.80% per annum if you allocate a fixed amount to save every month. But yes. You are right. AmBank is not very clear about this.

By the way, TRUE Transact Account is shown as Current Account on the ATM while TRUE Savers Account is shown as Savings Account.

Most savings account have the interest earned credited back to the account on a half-monthly basis as mentioned.

i will treat it like a money market fund, plus PIDM protected

It is similar to Standard Chartered Bank JustOne Account. However, TRUE by AmBank account allows you to withdraw from both account (True Transact - Current Account) and (True Savers - Savings Account) directly using your TRUE debit MasterCard.


No. You don't have to. You can use your TRUE debit MasterCard to withdraw money via the ATM from either account. Just make sure you select the correct account (current account if you want to withdraw from your True Transact Account and savings account for True Savers Account). ATM cash withdrawal at AmBank ATM is always free for TRUE Transact Account and up to 3 withdrawals per month only for True Savers Account (online IBG, 3rd party transfer, bill payment, own account transfer included).

AmBank will also reimburse all the handling fee charged (RM1.00 + RM0.06 GST) up to 5x MEPS ATM withdrawals per month to your account when you withdraw cash at a local non-AmBank ATM from your True Transact Account. But if you choose to withdraw from your True Savers Account at a local non-AmBank ATM, you will have to pay for the MEPS handling fee yourself.

No. You don't have to. There is no below balance requirement for True Transact Account or True Savers Account. True Transact Account is not a real current account. This account doesn't come with a cheque book. Just that it is classified as a current account in AmBank's system, but it is not a real current account.

This post has been edited by MilesAndMore: Jun 4 2015, 09:35 AM