Bank of China Savings Account

Save your money in this interest bearing passbook savings account from Bank of China with an initial deposit of only RM20. Open to all individuals wishing to have a single or joint account.

Bank of China Savings Account
Interest Rate
0.25% to 1% p.a.
Min. Deposit
Phone Banking
Account Statement
eStatement (via email)

Interest Rate

What you earn based on the amount that you have in your account

Min. AmountMax. AmountInterest Rate
RM20RM50,0000.25% p.a.
RM50,001RM200,0000.35% p.a.
RM200,001RM500,0000.5% p.a.
RM500,001RM1,000,0000.75% p.a.
RM1,000,001No maximum1% p.a.


What would make it different?

Mobile App
  • Available
PIDM Protected
Up to RM250,000

Fees & Charges

Early Closure Fee
Inactive Account Fee


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

More Information

What is Bank of China Savings Account?

This is an interest bearing savings account that allows the account holders to earn interest on savings. The passbook will be issued to you so that you can keep track of your cash flow. In addition, Bank of China also provides Internet banking and ATM facilities.

Am I eligible to open a savings account with Bank of China?

All Malaysians, permanent residents and foreigners aged 18 and above are eligible to open this savings account. In addition, this is an individual account that can be opened singly or jointly. 

All you need to do is prepare an initial deposit of RM20 together with valid identification credentials and supporting documents, such as work permit or student pass and passport (for non Malaysians). 

When you are all set with the required paperwork, make your way to any Bank of China branches for this savings account opening.

Are there terms and conditions I need to be aware of?

As this is a passbook savings account, you need to make sure your passbook is in a good custody because you may have to pay fees for the replacement costs. Also, if you decide to close your savings account within 3 months of account opening, you will be charged RM10.

Last but not least, you need to maintain RM20 in your account at all times to continue earning interest.

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