What is the MBSB Wise Saver?
Wise Saver is a savings account offered by MBSB for all Malaysian Citizens and Permanent Residents of Malaysia. With this account, you get to make deposits as big and as small as you want, which is rather normal for any other savings account. However. With this account, you get to earn an impressive interest rate on all your savings.
How does this account work?
This account is open to individuals, joint applicant, Clubs, Societies and Associations as well. Therefore, it is one of the more flexible saving accounts offered in Malaysia. To open an account for individual use or as a joint account, all applicants need to present their NRIC and for joint accounts, relationship status.
Simply bring these documents with you when going to make an application along with an extra RM20 in your pocket. Because that is all you need to open a Wise Saver Account. This account, allows you to deposit a limitless amount of money into it. there are no restrictions on how much you need to have for earning interest either.
How much interest do get?
The current interest rate set by MBSB, is 2.25% p.a. on whatever your account balance is. This interest will be calculated daily on your balance and credited into your account monthly. You will get a Debit/ ATM card with the account and a Pass Book to keep track of your transactions and the interest credited to your account.
Am I eligible for this account?
To be eligible, all you need to be is 18 years of age and a Malaysian Citizen. Its that simple. For Permanent Residents of Malaysia, who want to open this account, you will need to be 21 and over. And that is all you need.