Which one are the best or your favourite products?

1) OCBC 360 Account
2) OCBC Smart Savers
3) RHB Bonus Savers
4) RHB Smart Account
5) UOB ONE Account
6) Maybank2u / Affin Bank E-Savers
7) Alliance SavePlus / My Esavings
8) UOB EAccount

Public mutual = Hybrid of Saving account and FD

RHB Bonus Saver has no other conditions after 12 months. Fantastic account for day-to-day use.

RHB Smart has too many restrictive conditions. Read the conditions first.

None. Use Phillip money market fund.

That is for not so emergency fund.
But you need to keep some money that you can withdraw/use immediately - like if you get into an accident etc - no time to wait 1 business day
You can always use your CC to cover that, but it's still better to have something that you can use immediately

If you have maybank, withdrawal can be done on that day itself. Not needed to wait 1 day.

9. HLB pay and save

Yes, only need to work hard to get through the first year incremental bonus interest. A real good saving rate @ 2.65% thereafter.

Oh yea, I "tertinggal" this. Yes, this one also another type.

are these high yield accounts give better interest rates than FD?

Ranging from 0.5% to 4.28%, subject to fulfilling the products T&C monthly as well as your account balances on top of 0.0% to 0.5% of base interest with no condition.

This post has been edited by acejlsh: Oct 26 2017, 01:27 PM

My favourite would be OCBC 360 Account. It is easy to fulfill the conditions to get 4.1%. Even without the credit card spend, it is still easy to fulfill the conditions to get 2.9%. It is flexible in the sense that you do not need to fulfill all conditions to get the bonus interest. There is also an Islamic version, OCBC 360 Account-i which is similar although one of the bonus category is based on debit card spending instead of credit card spending.

Personally speaking, I think the RHB Smart Account and UOB ONE Account are not that worth it as the actual effective rate is not that high and they are too restrictive. Must fulfill one condition first before other conditions to qualify for the bonus interest rate. UOB ONE Account bonus interest rate is based on split-tier, meaning the maximum effective rate is much lower than the advertised maximum rate of 4.28%. UOB EAccount is much better if one has more than 50k, as the rate is 3.6% without any hassle.

HLB Pay & Save account is also not bad but a bit troublesome to fulfill all the conditions to get the maximum rate (3.5%). At least, it is more flexible in the sense one does not need to fulfill one condition first before fulfilling other conditions to be eligible for the bonus interest. Beware of the islamic version Pay & Save Account-i, as the rate is based on split-tier similar to UOB ONE account. Although both are similar in terms of features, the conventional one has higher interest rate as it is based on the whole balance.

Hi the 3.6% is on balances in excess of 50K, right? Would you know what the average effective rate of interest is on the first 50K? I would guess there's a scale of rates but i can't find it on UOB's website

No, it is on the entire balance if it is more than 50k. Refer to the link below: -

https://uniservices1.uob.com.my/jsp/finance/fin_sav.jsp

If you have this account and actually getting 3.6% on entire balance, then I will be so happy & thankful for your headsup Normally, they give on a scale basis - which works out to 0.815% for the first 50K

NVM, I go to UOB tomorow & ask

I agreed to you! I prefer OCBC 360 too, easily to get 2.9%. If not mistaken, can withdraw money from the account without affect the rate

Do let us know after this
But based on UOB calculator, the rate is for entire balance -> https://uniservices1.uob.com.my/jsp/calcula...sav_deposit.jsp

oooooooo awesome! will go soon! best if they calculate on daily basis. will ask

I couldn't go but a friend went PJ state branch. Walaueh, he say now the syt mktg staff there work in cubicle like karaoke laounge with intimate sofa

Confirmed 3.6% on entire balance. Also interest calculate on daily balance but credit end of mth - though this not in black & white.

IMHO if got >50,000 idle for <3 mths, then worth it. Otherwise, better put into 1mth deposit

Why yours different with mine? I go today and they tell me, to get the 3.6%,
1. > RM50k
2. Minimum RM20k need to buy their "investment" aka Unit Trust and etc.

Still got others but i terus run after hear about the "investment". Waste my time drive so long to there. No wonder no dare to write full terms and conditions on their website la.

Maybank2u Saver

I can confirm on this (the interest calculation part). What do you mean by 1mth deposit? You are referring to FD? UOB's FD rate for 1 month is very low at 2.7% p.a. Even 1 year also 3% only.


Are you referring to the UOB eAccount here? If yes, the info you got is wrong. No need to buy any investment at all. Either the staff is ignorant or lying to you to get you to buy their investment product.

Ocbc 360

yes, ocbc 260 IF you can meet at least two of the three criterias, perfect, if you meet all three.

I hope in Jan i first time can make it, even took their debitcard to make it

It should be very simple to meet the two requirements.

First is to transfer RM500 to the account every month.

Second is to make 3 outgoing transfer by IBG to any account every month. I've confirmed with OCBC that any outgoing IBG is acceptable and I've done it every month.

Yes, I did not know this and thought it must be real bill payings. And so sorry, only have TNB and Indah water bill

This month I paid TNB and made a couple of IBG, hope the February statement will bring happiness.

Does spending using the debit card count towards the rm500 spending criteria.

I think the most hassle-free is UOB eAccount right?

Just put slightly more than RM50k and watch it grows

For UOB eAccount, please note that rates have been adjusted this year.

>20k = 3.00%
>50k = 3.50%

am lookign to open this account

is this available for current account?

Can UOB eAccount be opened online if I got UOB credit card without presence at the nearest branch?

I am not sure. My eAccount is SA, and on UOB website it's interest rate is under SA.

Do you have CASA with UOB? If not, highly unlikely.

Doesn't have.
I have submitted the application but unable to process further.
No reason given and ask me to go the nearest branch.
Called CS but they unable to provide the reason also!

Same when I tried to apply last time. Had to go to branch.

Heads up - the UOB officer may hard sell you their investment products. I was told that RM10k FD placement was one of the requirements to open eAccount.

As I always do my research before signing up for anything, I had saved their website and downloaded the T&C and PDS prior. I asked for the manager, showed her everything, and she gladly instructed the officer to open my account.

CS told me that amount to open the account is RM 100 min only!

IIRC was RM 500 last time. Bring just in case.

The CS said it has been revised.
Guess it has been revised down.

Alliance Bank Save Plus Islamic

>100k - 3.55%

That's basically it, the lower tiers are not worth mentioning. If you have 100k that needs to be liquid or Alliance location is more convenient for you, this is an alternative to UOB eAccount.

For easy reference:

https://www.alliancebank.com.my/banking/per...BybDayWzFZ3YzvU

Although website did not state Islamic, but you may ask for it at the counter for the little bonus.

This post has been edited by terrysoh: Jan 31 2019, 12:47 AM

Hello, may I ask what is the maximum daily transfer limit for the account?

IBFT = 30k
IBG = 50k

Finally I opened the UOB e-Account.
The branch staff forced me to take the Debit-ATM card.
Is this compulsory?

I have about half a dozen different bank accounts (maybank, cimb, alliance,hon leong,public,rhb) and all comes with a Debit card. Havent come across any that doesnt requires to

Shouldn't be, I have UOB e-account without debit card.

Do you have other saving account/type with UOB?

Nope

Do you have online access? Because most banks only can have online access with ATM/debit card

I have online access with credit card.

Yes, I have online access for e-account.

IBG = 50k

3rd Party (UOB to UOB) = 50k

Does it meant I can transfer 50k x 2 like Maybank or just 50k x1 per day?

Quite important because it means we dont need to waste time to go bank, can transfer money out fast for FD promos to another bank.

It should be per day

https://www1.uob.com.my/personal/useful/fee...t-transfer.page

http://uniservices1.uob.com.my/personal/eb...tion_limit.html

Hi, thanks for the info above.

However, its still doesnt stated clearly whether its RM50,000x 2 or RM50,000 x 1.

As in if I exhaust RM50,000 limit on 3rd party already within the day, do I still get to send another RM50,000 to another bank.

With the exception of Maybank that allows RM50,000 x 2, I know most banks are RM50,000 x 1.

Guess I have to find out through the hard way!

Since RM 8 is already charged, guess I have to cancel it next year!

It is separate limit for IBG, IBFT & 3rd party transfer. So, total you can transfer per day is 130k.

If I got UOB ONE and YOLO, it is easier to achieve 4.28% p.a with ONE account?

It works!

I tried sending 50k GIRO, then 30k Instant and it works!

The big transfer limit + high interest are A+!

I think its currently the best rate & hassle-free savings accounts in Malaysia.

1.Your balance should be between >20k and < 50k on ONE account
2.Spend RM500 on UOB Credit Card and/or Debit Mastercard every month
3.Pay 3 bills (min RM50 per bill) via UOB Personal Internet Banking or
deposit minimum RM2,000 via Interbank GIRO/instant transfer every month

*Base on my understanding from the website to achieve 4.28% p.a

I know the requirements.
What I meant is it easy to attain?

Update on UOB-E Account:

If you have 500k to join Priority Banking, they can upgrade the interest to 3.8% instead of 3.5%.

The E-Account and tier works exactly the same, except that the 3.8% replaces the 3.5% whenever your balance is 50k and above.

https://www1.uob.com.my/personal/save/savin...ne-account.page
*Maximum effective interest rate (E.I.R.) of 3.48% p.a. is calculated based on RM50,000 deposits balance in ONE Account.

Waooo.. 3.8% higher than some FD board rate

Yup, I believe its the undisputed best saving accounts in Malaysia, no-strings attached, if you have half a mil to spare haha.

So just maintain RM 50,001 in the balance of ONE account.
Spend RM 500 on the linked UOB CC.
Pay 3 bills from PIB or inward transfer of RM 2k from other banks.

I'll be getting 4.28% right?

visit the site again, and then u will know that for that rm50001
Max E.I.R* 3.48% p.a.

First RM 10K Next RM 20K Next RM 20K Above RM 50K
2.28% p.a. 3.28% p.a. 4.28% p.a. 3.00% p.a.

I still don't understand the First RM 10k, Next RM 20k and another Next RM 20k
Doesn't that sum up to be RM 50k average balance in the account?

This post has been edited by David83: Feb 13 2019, 08:01 PM

u put RM50k, you get 3.48% effective interest.
u put RM50000.01, you get 3% effective interest.

David,

I come across that too, figure out awhile before i give up.

It is probably just a marketing gimmick to attract people/confuse value seekers like us.

E-Account still rocks that all day long.

I agreed with you.
I think better stick with lesser headache UOB e-Account.

David,

I confirmed with you here that UOB E-Account doesnt need Debit card.

I went to UOB and create an E-Account. I did specifically asked If I am required to take the Debit card, which i got a Yes. I then proceed to transfer immediately.

However, I used to have credit card with UOB, and there is an existing online account with username and password, which I no longer remember.

UOB needs to reset that and make a new account, and they asked me to come back in a few days. (No debit card was issued at that point)

When I got back a few days later, the staff proceeded to make a new online account for me, and once everything is done, Voila, no debit card was issued at all. My account is functional like normal, tried sending and receiving money.

It is evident that account can be created without Debit card, but they resist doing that unless you really press/they forgot.

Thanks for the tips.
I'll cancel the Debit Card next year.
RM 8 has been charged!

OCBC 360

BASIC - 0.5%
=========
DEPOSIT -1.2%
PAY -1.2%
SPEND -1.2%

Quick question, will I entitled this mini rate 1.2%+0.5=1.7% if only fullfilled deposit only ?

Yes. Can just fullfill one criteria

Headphone Earmarked Campaign 2019 [ UOB | T&Cs ]
Campaign period: 1 March to 31 August 2019.

Make a minimum deposit of RM15,000* and receive a set of headphones

Here’s a tune that we know you like to listen to! Receive a set of headphones just by making a minimum deposit of RM15,000* into UOB eAccount or ONE Account.

*earmarked for 5 months

This post has been edited by cybpsych: Mar 5 2019, 08:00 PM

The eligibility is very restrictive:

Eligibility
1. This Promotion is open to all new and existing UOBM individual customers who are parents or teachers (“Eligible Customers”) who open eAccount or ONE Account under School Project (“Eligible CASA”).

URL: https://www1.uob.com.my/web-resources/perso...one-tnc-eng.pdf

UOB eAccount no longer offers free IBFT for amount exceeding RM5,000.

https://www1.uob.com.my/personal/useful/fees/e-account.page

I think it's applicable to all UOB saving types; not just e-Account.

Anybody has idea on this UOB Stash thing?
Saw this from FB; not sure by UOB MY or UOB SG.

It is from UOB MY. More info can be found on the link below: -

https://www1.uob.com.my/stash/index.html

Thanks. The effective rate is 3.5%pa
It's about the same as UOB e-Account.
I think no point to go for it.

This post has been edited by David83: Mar 20 2019, 12:34 PM

Finally able to get rhb bonus saver 2.6%

Is this account the best? Put aside paying transfer and etc.

Just deposit correct? I can only my fulfill the deposit part.

So, if hit 2.75. will stagnant for 2.75 if we continue to deposit 500 monthly correct? Will be got beyond 2.75?

And if miss will drop to 2.65 only rite?

Imo easiest wit no min required $$ after fulfilling requirements and min requirements to fulfill.

1. Yes. Deposit min rm500 monthly by 3rd of the month and jZ to be safe don't touch the money.
(You ND to have increment of rm500 of the month according to 25th of last month, not sure if it's 25th)

2. Yes, confirmed last year with their staff
3. It won't go beyond 2.75% confirmed last year with their staff
4. Yes.

This post has been edited by xcxa23: Mar 20 2019, 01:10 PM

I found that 2.75 is quite a lot for an account that not require few type of transections per month as seen in ocbc 360.
No other strings attached correct besides 500 deposit monthly rite?


Any other account that provides more than 2.75 besides the bonus savers? With the same conditions?

Currently find an account that is available for withdraw even on Sat and sun with atm card....

Afaik, nope.. previously only ambank, which offer 2.9/2.8 but after a year discontinued, slashed to 1.80..

Since rhb jz min rm500 per month, so I jz scheduled transfer.
The staff did said few times it's better >rm500 and better don't touch the money for a year to safeguard 2.65% cos the t&c about min increment of rm500 per month is kinda confusing so I did rm800 per month and din touch the money for a year jz to be safe and yes it's proven successful.. lol

As far as I remember, nope. Jz min rm500 by 3rd of the month and with min increment rm500 of the month.

This rhb got provide ATM card.. but since your planning to use the money, I suggest you go to rhb ask in depth.

For those who has interest on Stash Account, you can apply/open online at UOB PIB

URL: https://www1.uob.com.my/stash/index.html

throw 30k to 50k and enjoy 3.25% (basic) or 4.45% (for 12 months promotion) without doing anything else.

https://www.ocbc.com.my/personal-banking/Ac...ster/index.html

With 50k to 60k, just dump to UOB e-Account or Stash, can earn 3.5% pa.

Thanks for the suggestion.

I only intend to put around 10k in an account that is fluid. And allow me to withdraw any time.

Already have emergency fund in fd.

And I wish to be fully invested.

RM 10k won't able to play any game in conditional high yield saving acccount.
For RM 10k, better put into 1-month FD.

If i read correctly, you must maintained the same balance or more than previous month balance to qualify for the interest, else u get... nothing?

"*Maximum Effective Interest Rate on the Stash Account is 3.5% p.a. at RM100,000 deposit, provided customer's Monthly Average Balance (MAB) for the current month is equal to or more than previous month’s Monthly Average Balance."

You still get your base interest of 1% for min placement of RM 5k.

This post has been edited by David83: Mar 20 2019, 09:35 PM

thanks for the info. Currently with M2U savers. But the minimum requirement of 2k really let down. and 2% vs 2.75% is a lot in the long run.

Just that need an account that parking for all the bills monthly before due date.

This post has been edited by [Ancient]-XinG-: Mar 20 2019, 09:39 PM