What can this account do for me?
The AmBank Islamic Basic Savings Account is much like any other savings account on the market, except it comes with a couple more benefits. For one thing, with this savings account, you can start saving from as young as 12 years old and retain the account as long as you want.
Is there a profit rate?
Yes, this AmBank Islamic Basic Savings Account comes with a profit rate of 0.25% p.a. on all account balances.
What do I need to open the account?
All you need is your NRIC, and if you are under the age of 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 Islamic, 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.
