Key Features of the MoneyMax Savings Account
The OCBC MoneyMax Savings Account is a unique savings account that rewards you 5% bonus interest on interest earned during the year if you increased your savings by a rather steep amount of RM50,000 or more from the previous year.
If you have the potential to meet this minimum requirement, what better incentive is there to save?
In addition to this, enjoy a sense of added security with free Personal Accident insurance coverage on the aggregate balance of your MoneyMax Account, subject to a maximum of RM300,000.
What else does this account offer?
Skip the queues and enjoy the ease and convenience of managing your money from the comfort of your home - or wherever you choose to do so via eLobby, OCBC's Online Banking service.
Always find an ATM around the corner with OCBC's vast network of ATMs nationwide and abroad. Best of all, pay no fees when you withdraw your money at any OCBC ATM; not just in Malaysia, but also in Singapore and Indonesia as well!
Are Foreigners allowed to apply for this account?
Yes! In fact, this account is open to Malaysians, Permanent Residents of Malaysia and foreigners who meet the minimum age of 18 years and above.
What are the Fees and Charges that may be imposed?
In OCBC's persistent attempt to encourage their customers to save, an RM5.30 monthly service fee will be charged to your account if your account balance ever falls below RM5,000.
In addition to that, there is also a charge of RM4.24 incurred should you choose to withdraw from the MEPS ATM network, but only RM1 from the HOUSe ATM network (HSBC, UOB & Standard Chartered).
What do I need to open an OCBC MoneyMax Savings Account?
You will need to prepare:
- Identification card (MyKad) or Passport
- A minimum initial deposit of RM250. If you deposit at least RM300,000 you will be upgraded to an OCBC Premier Banking account for free!