AmBank

AmBank AmGenius

Watch both your child and money grow through the years - enjoy daily compounded interest rates and a free Coin Box with deposits RM300 and above.

    • Phone Banking Service
    • eStatement (via email)
  • Min. AmountMax. AmountInterest Rate
    RM1RM500002.95% p.a.
    RM50001no maximum1% p.a.

Features

What would make it different?

Online Banking
Amonline
Mobile App
SMS Transaction Alert
PIDM Protected
ATM Card

Fees & Charges

There are always fees but how much are they?

Inactive Account Fee
RM10.60
Early Closure Fee
RM21.20

*inclusive of 6% GST

Requirements

Are you eligible for this account?

Minimum Age
1 years old
Maximum Age
18 years old
Minimum Initial Deposit
RM1
Minimum Balance
RM10

Frequently Asked Questions about AmBank AmGenius

Things you might want to know

What is the AmBank AmGenius?

You know, I know it, everyone knows it - your child has a bright future ahead. What better way to ensure the future of your child with a long term savings accounts account that not only gives you an interest rate that matches that of a fixed deposit, but also give free Personal Accident Insurance of up to RM50000 to your precious.

That's awesome, what else will we be getting?

Upon opening an account with an initial deposit of RM300 and above, you will receive a complimentary Coin Box. This is excellent news, as a coin box with further motivate your child to continue saving all those loose change and extra cash laying around not working it's worth in interest earnings.

The interest earned will be credited into the AmBank AmGenius account monthly.

I see. Are there anything else I should be aware of for this account?

Yes, always! Be aware that only one withdrawal per month is allowed for this savings account, and you will need to maintain a balance of RM10 in the account.

Okay. What do I need to apply for this product?

This is a very easy and cheap account to open, applicable only for those 18 years old and above. You will need:

  • Minimum initial deposit of RM1
  • Identification card

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