What is special about Alliance My eSaving Account?
First off, this is a personal savings account that you need to apply for online. What makes this savings account so special is that it allows you to earn additional quarterly interest of up to 10% p.a., in addition to the 2% you're already earning, for consistent RM100 monthly deposits into the account - this will encourage YOU to save money, if you're not already saving enough!
Do take note the 10% p.a. interest earnings will only paid out once your deposits accumulate to RM1000.
What are the other features of this savings account?
For your convenience, you can carry out transactions such as money transfers using Internet banking via Allianceonline. You will also be issued a debit card, the Alliance My eSaving Debit Mastercard upon opening an account.
How do I qualify for the Alliance My eSaving Account?
To put it simply, almost anyone can apply for the Alliance My eSaving Account. For those who are aged 18 and below, you will be joint account holder either in trust or as a beneficiary. Unfortunately, those below 18 cannot be issued a debit card in their name...at least not yet.
You will need a minimum of RM250 as an initial deposit, where you need to maintain RM20 in your account to avoid your account from disclosure. If it is found that you have a balance of RM0 for 60 days, your account will be shut down!
What are the fees and charges?
You will need to pay RM8 for your ATM card, on top of a RM8 annual fee. Withdrawals made at other banks will be charged RM1 per withdrawal, while the OTC is RM5 per transaction.