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.

AmBank AmGenius
Interest Rate
0.5% to 2.2% p.a.
Min. Deposit
Phone Banking
Account Statement
eStatement (via email)

Interest Rate

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

Min. AmountMax. AmountInterest Rate
RM1RM100,0002.2% p.a.
RM100,001No maximum0.5% p.a.


What would make it different?

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

Fees & Charges

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 AmBank AmGenius?

You know it, I know it, everyone knows it - your child has a bright future ahead. What better way to ensure the future of your child than a long term savings account that not only gives you an interest rate that matches that of a fixed deposit, but also gives free Personal Accident Insurance of up to RM50,000 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 will 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 for those below 18 years old. You will need:

  • Minimum initial deposit of RM1
  • Identification card
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