MBSB Cheeky Savings Account

Open to all Malaysians aged 17 years old and below, with the option of becoming a Cheeky Club member to enjoy many fantastic activities and events

    • Free Passbook
    • Account Statement
  • Min. AmountMax. AmountInterest Rate
    RM10RM500003.1% p.a.
    RM50001no maximum2.5% p.a.


What would make it different?

Fees & Charges

There are always fees but how much are they?

Early Closure Fee


Are you eligible for this account?

Minimum Age
12 years old
Maximum Age
17 years old
Minimum Initial Deposit

Frequently Asked Questions about MBSB Cheeky Savings Account

Things you might want to know

Who is the MBSB Cheeky Savings Account made for?

MBSB Cheeky Savings Account is made especially for the younger members of the family, aged between 12 to 17 years old. As you may have noticed, this savings account has an attractive interest of up to 3.10%p.a. on deposits of first RM50,000. 

Take for example Ang Pow money, what are your children going to spend them on? It's better to keep the money in a high interest savings account that they can use once they're reached college.

How will my interest be calculated?

Your interest earnings will be computed on daily rest but only credited monthly.

Does the savings account offers other interesting features?

Certainly. You child will miss out on many growth opportunities without the help of these privileges:

  1. Free Gift during account opening
  2. Cheeky Club Membership at only RM10 - your child will receive various membership privileges such as exciting activities that will help your child's social skills. 

Is this savings account by PIDM?

It is not. Instead, it will be guaranteed by the Ministry of Finance under the Development of Financial Institution Act (DFIA).

What do I need to apply for the MBSB Cheeky Savings Account?

To assist your child with opening an account, he/she will need:

  • An initial deposit of RM20 for account opening
  • RM10 payment for membership card

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