Tell me about AmBank Islamic Savers' G.A.N.G. Savings Account-i.
The AmBank Islamic Savers' G.A.N.G. (Great Activities "N" Games) Savings Account-i is a Shariah-compliant children's savings account designed to help children develop good savings habits from a young age.
It offers attractive profit returns equivalent to a 1-month Term Deposit-i rate for balances up to RM100,000, with profit calculated daily and credited monthly. The account also limits withdrawals to encourage disciplined, long-term saving.
How much profit can my child earn?
Your child can earn 1.75% profit per annum on balances of up to RM100,000. Profit is calculated daily and credited monthly, and profit rates are subject to change.
How old must my child be to apply for an account?
The account is available to children under 18, and it can be opened with a minimum initial deposit of RM1, making it easy for parents to start saving early.
Can I check the account balance online?
Yes. Parents or guardians can check the account balance and manage the account online via AmOnline, AmBank's internet and mobile banking platform.
What other fees and charges do I need to pay?
If an AmBank account remains inactive for more than three months, an annual fee of RM10 will be charged. An account closure fee of RM20 applies if the account is terminated within three months of opening.
