MBSB Peak Saver Campaign
From 1 April 2024 until 31 March 2025 (“Campaign Period”), new-to-bank customers enjoy a promotional rate of 2.80% per annum for account balances over RM10,000. What’s more, keen participants can also stand a chance to bring home 1 gram worth of gold coin! This campaign is subject to terms and conditions.
Interested? Below are the campaign mechanics for your easy reference.
| Promotional Rate | Gold Coin |
| i. Open a Tiered Savings Account-i via over-the-counter at any branch near you or through M Journey ii. Make a fresh fund deposit of RM1,000 to be eligible Tier 1 Up to RM10,000 = 0.50% per annum Tier 2 Over RM10,000 = 2.80% per annum | i. Be the first 300 new-to-bank depositors ii. Retain a minimum Monthly Average Balance (MAB) of RM30,000 for 3 months, inclusive of the opening month of your Tiered Savings Account-i iii. Eligible customer is only qualified for one (1) Gold Coin (You can find details on how to calculate the MAB in the T&C) |
Who is qualified for this campaign?
This campaign is open to new-to-bank individuals who are also classified as
- Individuals aged 18 years and over
- Malaysian citizens, permanent residents and non-residents
- Joint account holders;
- Individuals below 18 years old are subject to the account being operated by a Trustee (Parents or Legal Guardians)
Those who are not eligible to participate in this campaign include the following.
- The employees of MBSB Bank (permanent/ contract);
- Customers who have committed or are suspected of committing fraudulent, wrongful or unlawful acts to any facilities granted by the Bank or have been declared bankrupt or are subject to any bankruptcy proceedings at any time before or during the Campaign Period
Where can I reach out to get more information?
If you have any questions, please get in touch with MBSB Bank directly.
Why should I open an MBSB Tiered Savings Account-i?
When you open an MBSB Tiered Savings Account-i, you will enjoy fixed monthly profits based on your savings tier, quarterly statements of your account, a yearly Tawarruq notice, and a Standing Instruction facility for easy payment of your bills.
Additionally, enjoy the convenience of cash withdrawals with a debit card, fund transfers, instant payments and many more via M Journey online banking anytime and anywhere.
Do I get profit for saving my money in this savings account?
Of course. This Shariah-compliant savings account rewards profit based on your savings tier as shown below.
- Up to RM10,000: 0.2%
- RM10,001 to RM50,000: 0.5%
- RM50,001 and above: 1%
Therefore, the more you deposit your money into this savings account, the higher the chances you will earn higher profits on your balances.
How much do I need to open and maintain this savings account?
To open a Tiered Savings Account-i, you need RM100 as an initial deposit and maintain a minimum balance of RM50 to keep your account active and running.
This savings account can be opened singly or jointly by individuals aged 18 years or older and is open to Malaysian citizens, permanent residents as well as non-residents. For individuals below the age of 18, the account must be operated by a Trustee i.e. parents or legal guardians.
Does PIDM protect my savings?
Absolutely. Rest assured that all your savings are protected under PIDM for up to RM250,000.
