Bank Rakyat Adult Savings Account-i

Believe it or not, you can open this account with little to no initial deposit! You will need to make a deposit within 30 days of opening to earn interest

Bank Rakyat Adult Savings Account-i
Profit Rate
Account Type
Min. Deposit
Account Statement
eStatement (via email)


What would make it different?

Online Banking
ATM Card

Fees & Charges

ATM Card Issuance Fee
Early Closure Fee


Minimum Age
  • 13 years old
Minimum Initial Deposit
Who can apply
  • Malaysians
  • Foreigners

More Information

What is special about Bank Rakyat Adult Savings Account-i?

This is an Islamic savings account that can be open without a deposit! Does that make sense? But it is only valid until 30 days, meaning that you are required to deposit within 30 days to avoid account deactivation - this is convenient if you have to open a savings account, but have yet to have any funds to deposit.

What are the features of this savings account?

For your convenience, Internet banking via iRakyat is available for account holders to make banking transactions wherever they are in the world. A Bank Rakyat ATM card will be issued to you to allow you to make cash withdrawals conveniently. 

A passbook and account statement will be issued to account holders too, allowing you to easily keep track of previous transactions - low on cash and wonder what you've spent on last month? check your statements!

How will I be qualified to open this account?

This is an account for all citizens and non-citizens aged 13 years and above. This is not merely an account for individuals, but can also be set up as a joint account. 

Any clubs, co-operatives and companies wishing to open the Bank Rakyat Adult Savings Account-i are free to do so. The initial minimum deposit that is required is just RM10.

Any other hidden fees and charges?

A card replacement will set you back RM8, while the cost for a passbook replacement is RM16. Any extra account statements requested will costs you an additional RM10.60.

Search Icon

Get the financial support you need


We’ll guide you through your application for this financial product