What is the AmBank TRUE Savers Account?
It is a savings account that rewards you for your everyday banking activities. Instead of earning only a standard savings interest rate, you can enjoy up to 6.25% p.a. by meeting qualifying criteria such as saving regularly, spending, making payments, investing, or purchasing insurance or takaful products with AmBank. It is suitable for customers who actively use AmBank as their primary banking account.
Another benefit is that fund transfers via AmOnline are free of transaction fees, making day-to-day banking convenient.
How do I open an account?
You can open a TRUE Savers Account conveniently through the AmOnline App or at an AmBank branch.
To be eligible, you must:
- Minimum age: 18 years old and above
- Minimum initial deposit: RM20
How does this account work?
The TRUE Savers Account offers a base interest rate of 0.15% p.a. on all balances. On top of this, you can earn bonus interest by meeting the following requirements:
| Interest | Requirement |
| Base Rate: 0.15% p.a. | Applies to all account balances. |
| Bonus Rate: +1.30% p.a. | Deposit at least RM3,000 in a single transaction into your account each month. |
| Bonus Rate: +0.80% p.a. | After qualifying for the deposit bonus, either: i) Complete at least three eligible transactions (such as bill payments, retail purchases, e-wallet top-ups, or DuitNow QR merchant payments) with a minimum cumulative spend of RM1,000 per month, or ii) Make a monthly repayment for an AmBank or AmBank Islamic home loan or financing account from your TRUE Savers Account. |
| Bonus Rate: Up to +4.00% p.a. | Invest in eligible AmBank unit trusts or purchase selected insurance or takaful products that meet the bank's qualifying criteria. |
Meeting all eligible criteria allows you to earn up to 6.25% p.a. on qualifying balances. Bonus interest is credited monthly, subject to the account's terms and conditions.
Is my money protected?
Yes. Deposits placed in the AmBank TRUE Savers Account are protected by PIDM up to RM250,000 per depositor. So you can rest easy knowing your wealth is being looked after.
