What can this account do for me?
The AmBank Basic Savings Account is much like any other savings account available on the market, only it comes with a couple more benefits.
For one thing, with this savings account, you can start as young as 12 years old and retain the account as long as you want.
Is there an interest rate for this account?
Yes, like other premium savings accounts, this AmBank Basic Savings account offers an interest rate of 0.25% p.a. on all account balances.
What do I need to open the account?
You need your NRIC; if you are under 18, have a legal guardian present.
This particular account allows you to start young. Therefore, anyone over the age of 12 can open the account with a minimum deposit of RM20.
The great thing is that since this is not a Junior account, you can continue using the same account with the same benefits until age 100, if you’d like.
You will not have to convert the account after you turn 18.
What do I get with this account?
You will, of course, receive a passbook for your account upon request, which will be useful for younger applicants in tracking their savings deposits.
Aside from that, you will also get an ATM Card for all your transaction needs, including deposits, withdrawals, and transfers.
With AmBank, you can register for an online account, get all your account updates and make changes online. Download the mobile app for easy access as well.
