Tell me about AmBank Basic Savings Account Plus.
This is AmBank's fee-free version of its standard savings account, built for everyday banking rather than earning a high return. It comes with a debit card, a passbook, and full access to AmOnline Internet Banking, the AmOnline app, and AmBank's e-Banking Centres.
It also includes a free monthly hardcopy statement, in addition to the usual free eStatement via AmOnline or email. Your deposits are protected by PIDM up to RM250,000 per depositor.
What is the interest rate for this account?
AmBank offers a flat 0.25% p.a. on the Basic Savings Account Plus, on any balance, with no tiering or bonus rate for keeping more in the account. Interest accrues daily and is credited monthly.
Who can apply for this account?
You need to be a Malaysian citizen or Malaysian permanent resident aged 18 years or older to be eligible to apply. Foreigners aren't eligible.
Anyone under 18 can still hold the account, but only through a custodial arrangement opened by a parent or legal guardian.
The minimum opening deposit is only RM20.
What are the applicable fees?
Below are a few fees that you should take note of:
- RM15 to replace a lost, stolen, or damaged passbook.
- RM12 to replace a lost, stolen, or damaged debit card, or one where you've forgotten the PIN.
- RM10 per withdrawal if you use the card overseas through the Mastercard CIRRUS or Visa PLUS network (AmBank still waives the currency conversion markup on these).
- RM10 a year if the account goes dormant.
- RM20 if you close the account within three months of opening it.
For more details on the fees, check out the fees and charges page.
