Public Bank ACE Account

A truly hybrid Public Bank current account that rewards high interest with a minimum balance of RM5,000 and provides checking facilities for easy transactions.

Public Bank ACE Account
Interest Rate
0.1% to 1.6% p.a.
Service Charge
Min. Deposit
Account Statement

Interest Rate

What you earn based on the amount that you have in your account

Min. AmountMax. AmountInterest Rate
RM50,000RM50,0000.1% p.a.
RM50,001RM100,0000.3% p.a.
RM100,001RM500,0000.6% p.a.
RM500,001RM1,000,0000.8% p.a.
RM1,000,001RM1,500,0001% p.a.
RM1,500,001RM2,000,0001.2% p.a.
RM2,000,001RM3,000,0001.4% p.a.
RM3,000,001No maximum1.6% p.a.


What would make it different?

Online Banking
Mobile App
PIDM Protected
Up to RM250,000

Fees & Charges

Service Charge
RM10 every 6 months
Early Closure Fee
Dishonoured Cheque Fee
Stop Payment Cheque Fee


Minimum Age
  • 18 years old
Minimum Initial Deposit
Who can apply
  • Malaysians

More Information

Why should I open a Public Bank ACE Account?

You want to have the flexibility of withdrawing money without restrictions like a current account does, but also enjoying high interest rates offered by savings account; Public Bank ACE Account provides you the best of both worlds.

Is this an interest-bearing current account?

Yes, you’re right. To enjoy earning high interest, you need to maintain a minimum account balance of RM5,000 at any times.

The more you deposit your money into this current account, the higher the interest you get as the interest is calculated daily and credited every 15th of the month!

What are the fees and charges I should know?

These are few but significant fees and charges you should be aware of:

  • Half yearly Service Charge: RM10.00, regardless of amount of daily balance
  • Early Account Closure: RM20, if closed within 6 months of opening
  • Cheque Processing Fee: RM0.50 per leaf, plus RM0.15 Stamp Duty
  • Dishonoured Cheque: RM150, due to insufficient funds
  • Stop Payment Cheque: RM15, upon instruction

Is it safe to keep my money in this current account?

You can rest assured that the fruit of your savings labour in this current account is protected for up to RM250,000 under the Perbadanan Insurans Deposit Malaysia.

How to open a Public Bank current account?

To open a current account with Public Bank, you need to have an introducer who maintains a current or savings account with Public Bank for more than 12 months and not a bankrupt person.

When opening the current account, your introducer must sign the application form. You are also required to bring along the following documents:

For Individuals

  • MyKad or Passport
  • For a non-resident individual, he/she must produce a valid work permit or a student pass/letter of referral from a college/institute.

For Self Employed

  • MyKad or Passport
  • Business Registration Certificates (Form A & B)
  • Business License (Form D)
  • Certificate of Incorporate
  • Business License
  • Memorandum & Articles of Association
  • Latest Form 24 & Form 49 (Companies Act, 1965)
  • Resolution of the Company's Board of Directors (duly certified by the Chairman and the Secretary of the Company)
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