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

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

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.

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

Welcome to the board! It is good to have a staff member here and I hope you will help out in answering all the queries about this banking product whenever necessary.

Maybank Kawanku Savings Account, Maybank Islamic Wadiah Savings Account-i, Public Bank Plus Savings Account, Public Bank SaveLink Account, RHB Bank MaxSave Account, RHB Bank Basic Savings Account, HSBC Basic Savings Account, HSBC Amanah Basic Savings Account-i and many more.

Indeed this card is annual fee free.

The True debit MasterCard doesn't come with any annual fee. And this information can be found in their website.

Only for 12-month though. After that the interest rate becomes permanent at 2.65%. And after completing the 12-month top-up of RM500, should you continue to bank-in RM500 the following month or any other month, the interest rate will become 2.75% for that particular month.

No. You can't. The RM500 has to stay in your account for one whole month. The only catch is that you need 12-13 months in order to get the 2.65% interest rate.

That's always possible of course. Anyway, this account has been around for quite some time and some people have been enjoying the 2.65% interest for more than 1 year. Whoever opened this account when it was first launched got the upper hand.

Believe he is referring to M2U Savers-i. But what exactly is the profit rate for M2U Savers-i these days ? I can't seem to find it online.

M2U Savers, RHB Bank Bonus Savers or you can park your money online at Maybank e-GIA.

Or you can do what I intend to do. My mom has a Golden Savers Account but she doesn't use it. So I intend to ask her to go to Maybank to open a Golden Savvy Account-i and let me use her account for my daily transaction needs. It's a Maybank Islamic Account that pays 2.80% profit per annum. It's an account better than M2U Savers as the minimum balance need to be kept in the account at all times is only RM1.


Check out Maybank e-GIA. Everything can be done online. And best of all, there is no penalty for premature withdrawal.


Yes. You can. Been there done that.


Yes

No problem. Golden Savers Account pays meagre interest. Look for the Islamic version of this account which was renamed as Golden Savvy Account-i last year.

He was talking if he chooses to put the tenure at 7 months upon placement.

I am keeping this account. The reason is fairly simple. You shouldn't put one eggs in one basket. I am a Bumiputra and I can put money into AS1M (not sure about ASW2020) anytime I want but still, I keep some deposits in the form of Time Deposit in commercial banks.

We'll always need a back-up account and can't put all in GIA-i, M2U Savers or Golden Savvy-i. As we all know, Maybank2u can be unrealiable at times. Yes. It is true that there are less down times these days and also less complaints from Maybank2u users about non-receiving of TAC. What if we need to access our money urgently but cannot go to the branch office ? Your back-up account at another bank will be your savior. In my case, I do keep more than xx amount in my back-up accounts for emergencies. This is why I still find bank account like RHB Bank Bonus Savers and True by AmBank account useful. Despite the revision of interest rate for AmBank True Savers account, its interest rate is still one of the highest in the country.


You don't have to. It can be zero at all times.

This post has been edited by MilesAndMore: May 29 2016, 10:48 PM