OCBC MoneyMax Savings Account

More than a normal savings account - Earn high interest rates every month and a 5% bonus interest on savings of more than RM50,000 from the previous year

OCBC MoneyMax Savings Account5% bonus interest
Interest Rate
0.05% to 0.4% p.a.
Min. Deposit
RM250
Phone Banking
Available
Account Statement
eStatement (via email)

Interest Rate

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

Min. AmountMax. AmountInterest Rate
RM5RM100,0000.05% p.a.
RM100,001RM500,0000.2% p.a.
RM500,001No maximum0.4% p.a.

Features

What would make it different?

Online Banking
OCBC Online Banking
Mobile App
PIDM Protected
Up to RM250,000
SMS Transaction Alert
Available
ATM Card
Available

Fees & Charges

ATM Card Issuance Fee
RM8
MEPS Withdrawal Fee
RM4
HOUSe Withdrawal Fee
RM1
Overseas Withdrawal Fee
RM12
Early Closure Fee
RM20

Requirements

Minimum Age
  • 18 years old
Minimum Initial Deposit
RM250
Minimum Balance
RM5

More Information

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!