RHB

RHB Basic Savings Account

Everyone needs at least one savings accounts in their lives. Get started with RHB Basic Savings Account which provides all the banking convenience you need with no complicated fine prints.

    • Account Statement
  • Min. AmountMax. AmountInterest Rate
    RM1RM500000.25% p.a.
    RM50001no maximum0.28% p.a.

Features

What would make it different?

Online Banking
RHBNow
Mobile App
PIDM Protected
ATM Card

Fees & Charges

There are always fees but how much are they?

ATM Card Issuance Fee
RM8.48
MEPS Withdrawal Fee
RM1.06
Inactive Account Fee
RM10.60
Early Closure Fee
RM21.20

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this account?

Minimum Initial Deposit
RM20

Frequently Asked Questions about RHB Basic Savings Account

Things you might want to know

Tell me about this Savings account.

RHB’s Basic Savings account is one that comes with the least hassle and no frills attached. It is meant for the everyday user that needs to both save money and have a platform to make transactions both online and offline.

How does this account work?

Since it is in fact a regular savings account, you need only deposit money in it as you please, and as long as there is a minimum balance of RM20, the account will remain open to you. Similarly, 8if you wish to open the account, you will need to deposit a total of RM20 into the account.

Remember to bring along your IC, for registration to open the account. If you are a non-Malaysian then please be aware that this account is only open to Malaysian citizens and Permanent Residents. If you fall into that category remember to bring along the appropriate documentation including your passport and a confirmation letter from your employer.

Do I get to earn interest?

Yes, like most savings accounts, this one comes with a nominal interest rate as well. Although the minimum amount to open the account is RM20, regardless of how much you put in between RM1 and RM50,000 you will earn an interest of 0.25% p.a.

Increase your balance to more than RM50,000 and raise your interest rate to 0.28% p.a. The interest earned will be calculated daily and will be credited into your account every 6 months.

What do I get with this account?

You will of course get an ATM card with the account for your daily transactions. You can also open up an account online with RHB online banking for all your online transactions. It could be useful for the management of your account as well, with it being at your fingertips all day, every day.

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