Public Bank Basic Savings Account

For a minimal deposit of only RM20, you get to enjoy free services such as online banking to make bill payments and cash transfers a breeze

Public Bank Basic Savings Account
Interest Rate
0.25% to 0.45% p.a.
Min. Deposit
Phone Banking
Account Statement

Interest Rate

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

Min. AmountMax. AmountInterest Rate
RM1RM75,0000.25% p.a.
RM75,001RM100,0000.35% p.a.
RM100,001No maximum0.45% p.a.


What would make it different?

Online Banking
Mobile App
PIDM Protected
Up to RM250,000
ATM Card

Fees & Charges

MEPS Withdrawal Fee
Overseas Withdrawal Fee
Early Closure Fee
Inactive Account Fee


Minimum Age
  • 18 years old
Minimum Initial Deposit
Minimum Balance
Who can apply
  • Malaysians
  • Foreigners

More Information

What is the Public Bank Basic Savings Account?

The Public Bank Basic Savings Account as its name suggest, is a simple account that offers you all basic services at minimal costs.

Who is eligible to open a Public Bank Basic Savings Account?

Are you a Malaysian citizen or a permanent resident? If yes, you can open an account.

How much do I need to deposit to open this account?

All you need is RM20 then you are good to go.

How much interest will I earn?

Interest rates vary according to the amount of deposits in your account. You need to deposit a minimum of RM30,000 to start earning interest on your deposits. The highest possible interest rate will be given if you have deposits of more than RM100,000 in your account.

What are the features and services provided?

First and foremost you will be equipped with a savings passbook to be able to access to your account at any Public Bank branch. You can also log on to Public Bank online banking to check you account balances, transfer funds and pay bills.

Furthermore, you will be provided a Bankcard/ATM card to access your account via ATM machines and the good news is, you don't have to pay annual fee for the ATM card!

That's great! Any other fee and charges I need to watch out for?

You are eligible to 6 free over-the-counter visits per month. On your 7th visit onward, you will be charge RM1 per transaction. Similarly, the first 8 ATM cash withdrawal is free, upon which each transaction is charged RM1.

You should also be aware that every interbank transfer made over-the-counter will be charge RM0.50 for the first 2 transaction of the month and subsequently at RM2 Fund transfer via online or mobile banking and ATM will be charge at RM0.10 and RM0.30 respectively.

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