Category Archives: Banking & Finance

Basic Savings Accounts Interest Rates

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Remember yesterday our post regarding to what is Basic Savings Accounts ?

Today we show you the comparison chart of Basic Savings Accounts Interest Rates of all banks in Malaysia.

Banking Institution Initial Deposit
(RM)		 Rates
Range (RM) Rates (%p.a.) Calculation Basis Payment
Affin Bank Berhad
Basic Savings Account 20 1.00 – 999.99
1,000.00 – 4,999.99
5,000.00 – 19,999.99
20,000.00 – 99,999.99
100,000.00 – 499,999.99
500,000.00 – 999,999.99
1,000,000.00 and above		 0.90
1.45
1.90
2.80
2.85
3.10
3.38		 Daily Monthly
Alliance Bank Malaysia Berhad
Basic Savings Account 20 Up to 1,000
Up to 5,000
Up to 10,000
Up to 30,000
Up to 50,000
Up to 75,000
Up to 100,000
Above 100,000		 0.25
0.25
0.25
0.25
0.40
0.70
0.70
0.80		 Daily Half Yearly
AmBank (M) Berhad
Basic Savings Account (Fee) 20 Up to 10000
Up to 25000
Up to 50000
Up to 100000
Above 100000		 0.25
0.60
1.00
1.20
1.50		 Daily Monthly
Basic Savings Account (Non-Fee) 20 Up to 10000
Up to 25000
Up to 50000
Up to 100000
Above 100000		 0.25
0.60
1.00
1.20
1.50		 Daily Monthly
Bangkok Bank Berhad
Basic Savings Account 10 1.85 Daily Half Yearly
Bank of America Malaysia Berhad
BBS- Saving Account 20 1.50 Daily Half Yearly
Bank of China (Malaysia) Berhad
Basic Savings Account 20 Up to 5,000
up to 10,000
up to 20,000
up to 50,000
up to 100,000
Above 100,000		 0.25
0.25
0.40
0.50
1.25
1.50		 Daily Half Yearly
Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad
Savings Account 200 2.00 Daily Half Yearly
CIMB Bank Berhad
Basic Savings Account (BSA) I 20 Up to 1000
Up to 5000
Up to 25000
Up to 50000
Up to 100000
Above 100000		 0.85
0.85
0.90
0.95
1.00
1.50		 Daily Monthly
Basic Savings Account (BSA) II 20 Up to 1000
Up to 5000
Up to 25000
Up to 50000
Up to 100000
Above 100000		 0.50
0.50
0.50
0.50
0.50
1.00		 Daily Monthly
Citibank Berhad
Basic Savings Account 20 Up to RM50,000
Up to RM200,000
Up to RM1 million
Above RM1 million		 0.25
0.35
0.75
1.00		 Daily Monthly
Deutsche Bank (Malaysia) Berhad
Basic Savings Account 20 0.50 Daily Half Yearly
EON Bank Berhad
Basic Savings Account 20 Up to 5,000
Up to 10,000
Up to 20,000
Up to 50,000
Above 50,000		 0.25
0.25
0.40
0.80
1.00		 Daily Half Yearly
Hong Leong Bank Berhad
Hong Leong Basic Savings Account 20 Up to RM10,000
Up to RM50,000
Above RM50,000		 0.25
0.50
1.00		 Daily Half Yearly
HSBC Bank Malaysia Berhad
HSBC Basic Savings Account 20 All amounts 0.25 Daily Half Yearly
J.P. Morgan Chase Bank Berhad
Saving Account 20 0.75 Monthly Half Yearly
Malayan Banking Berhad
Basic Savings Account 20 Up to RM1,000
Up to RM10,000
Up to RM25,000
Up to RM50,000
Up to RM100,000
Up to RM200,000
Up to RM500,000
Above RM500,000		 0.25
0.25
0.25
0.25
0.80
1.20
1.30
1.40		 Daily Half Yearly
OCBC Bank (Malaysia) Berhad
Easi Save 20 Up to RM50,000
Up to RM100,000
Up to RM500,000
Above RM500,000		 0.25
0.50
0.60
0.70		 Daily Half Yearly
Public Bank Berhad
Basic 55 Savings Account 20 Up to RM10,000
Up to RM30,000
Up to RM50,000
Up to RM75,000
Up to RM100,000
Above RM100,000		 0.25
0.25
0.35
0.40
0.50
0.60		 Daily Half Yearly
Basic Savings Account 20 Up to RM10,000
Up to RM30,000
Up to RM50,000
Up to RM75,000
Up to RM100,000
Above RM100,000		 0.25
0.25
0.35
0.40
0.50
0.60		 Daily Half Yearly
Public Islamic Bank Bhd
Basic Wadiah Savings Account-i 20 Up to 10,000
Up to 30,000
Up to 50,000
Up to 75,000
Up to 100,000
Above 100,000		 0.25
0.25
0.35
0.40
0.50
0.60		 Daily Monthly
RHB Bank Berhad
RHB Basic Savings Account 20 Up to 50,000
Above 50,000		 0.25
0.28		 Daily Half Yearly
Standard Chartered Bank Malaysia Berhad
Basic Savings Account 20 All balances 0.25 Daily Half Yearly
Ordinary Passbook Savings 20 All balances 0.25 Daily Half Yearly
The Bank of Nova Scotia Berhad
Basic Savings Account 20 Any Amount 1.75 Daily Half Yearly
The Royal Bank of Scotland Berhad
Basic Savings Account 20 Up to 10,000
10,001 to 50,000
50,001 to 200,000
200,001 and above		 0.25
0.50
0.75
1.00		 Daily Half Yearly
United Overseas Bank (Malaysia) Berhad
Basic Savings Account 20 Up to RM 10,000
Up to RM 100,000
Up to RM 1,000,000
Above RM 1,000,000		 0.25
0.30
0.35
0.50		 Daily Half Yearly

Basic Savings Accounts (BSA)

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Basic Savings Accounts (BSA) is offered at all banking institutions to Malaysians and permanent residents. These accounts can be opened under individual or joint names. BSA operate in the same way as the ordinary savings except that these accounts enable you to perform only basic transactions and at a minimal cost or free.

As a BSA holder, you are entitled to perform the following banking services via facilities offered by your banking institution:

Type Nature of transaction Minimun transactions per month
Over the counter
visit (OTC)
Account enquiries, deposits, withdrawals,
funds transfer within the same bank and
bill payments
6*
ATMs
Balance enquiries
Withdrawal
Funds transfer within the same bank
No limit
8*
No limit
Deposit Machines**
Cheques deposits
Cash deposits
No limit
No limit
Interbank GIRO
Interbank funds transfer
2
(at RM0.5 per transaction)*
Internet Banking
Account enquiries
Bill payments
Funds transfer
No limit
No limit
No limit

*Additional transactions may incur a charge as determined by your banking institution.

** If deposit machine facilities are not available at the branch, deposit transactions can be made at the counter without charge, These transactions will not be counted in determining the total number of OTC services performed. In cases where self-serve deposit facilities are provided and you choose to make a deposit over-the-counter, this transaction will be considered as part of the OTC limit.

More information please visit Banking info website.

Hire Purchase for New Motorcycle – Fixed Rate Term Financing

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Because of motorcycle is not that expensive, so only 2 banks are providing Hire Purchase plan for new motorcycle.

Banking Institution Margin of Financing
(max, %)		 Financing Tenure
(max, months)		 Fixed Rate Term Charges (& p.a.) Admin Charges(RM) Late Payment Charges (% p.a.)
Minimum Rate/Range APR for Minimum Rate
AmBank (M) Berhad
Details 75 (Superbike 500cc and above) 60 (Superbike 500cc and above) 6.75 12.00 - 8.00
Malayan Banking Berhad
Details 70 60 5.00 8.97 - 8.00

Note : Minimum Rate / Range
Interest rate charged by banking institutions to borrowers considered most creditworthy. Minimum rate / range is in percentage (%).

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