Alliance Junior Smart Saver-i

Keep a mountain of wealth for your child's future education. Give them financial independence while giving you full control on the monthly withdrawal limit.

Alliance Junior Smart Saver-i
Profit Rate
0% to 1.7% p.a.
Account Type
Min. Deposit
Phone Banking
Account Statement
eStatement (via email)

Profit Rate

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

Min. AmountMax. AmountProfit Rate
RM1RM49,9991.7% p.a.
RM50,001No maximumNo interest


What would make it different?

Online Banking
Mobile App
PIDM Protected
Up to RM250,000
ATM Card

Fees & Charges

ATM Card Issuance Fee
MEPS Withdrawal Fee
Early Closure Fee
Inactive Account Fee


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

More Information

What is the Junior Smart Saver-i?

This is a Shariah-compliant savings account for the use of the junior savers you have running around your home. 

Having your child open a savings account can be extremely influential in their mental development, especially instilling a sense of responsibility and pride in them. 

Also allowing them some financial independence will help prepare them for their inevitable growing up.

Who can apply?

Since the name states that this is in fact a junior savings account, it would mean that only children under the age of 18 may apply for it. 

That being said, they are too young to be signing binding contracts.

Therefore, parents or guardians will need to do the registration for them, making it more like a trust account, with the child as a beneficiary.

What do we get with the account?

Similar to other savings accounts, your child will get an ATM / Debit card for their everyday transactions, withdrawals, deposits and such.

You can also request to be given a passbook to better monitor the account.

Finally, you will get a statement that will show you all the transactions made that month.

What are the fees and requirements?

There are only a few fees that you need to take note of. The first being a closure fee, if you intend to close the account, you will need to pay a fee of RM20.

Next, we have the loss or damage to card fee. 

Depending on what happened there are different card replacement fees ranging from RM10 to RM50.

As for conditions, the age limit ends at 18. Which means, that you can convert the account into a regular savings account. 

The minimum deposit required to open this Junior Account is RM100 only.

Search Icon

Get the financial support you need


We’ll guide you through your application for this financial product