What is this account about?
There are many types of savings accounts available to not just Malaysian Citizens but to everyone all over the world. High interest accounts, short term account, junior accounts, premier accounts and the list goes on. However, sometimes you just need a regular savings account for your everyday expenses and needs to be met.
What do I get with this account?
First of all, this account is super accessible, being an AmBank account, it will open up more doors for you to have access to better banking with one of Malaysia’s top banks. Another thing you get with this account is free statements. So you can ‘freely’ keep track of all your transactions and bank details.
You also get to earn some awesome interest on your bank balances. Any amount between RM200 and RM5000 will mean, you are earning returns for interest rates of 0.7% p.a.
The more you save the more you earn, so increase your balance regularly and you get to earn interest of up to 1.5% p.a. Rates are calculated daily and deposited monthly into your account for easy access.
Is there an ATM Card?
Of course, just like with any savings account, you will get a ATM/debit card for all your transaction and banking needs. You can also monitor your transactions, move money and make transfers on the AmBank mobile app once you are registered for this account.
How do I open the account?
You need to be a minimum age of 18 to be eligible for this account. It is open only to Malaysian Citizens, so bring along your NRIC for the application. Lastly, you will need to make a minimum deposit of RM200 to open the account, and you are all set.