{"id":45203,"date":"2025-03-12T16:10:31","date_gmt":"2025-03-12T08:10:31","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=45203"},"modified":"2025-12-11T17:08:37","modified_gmt":"2025-12-11T09:08:37","slug":"best-savings-accounts","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/best-savings-accounts","title":{"rendered":"Which Savings Accounts Offer The Best Interest Rates?"},"content":{"rendered":"

Nobody uses a savings account for the thrill of watching their money grow exponentially. And rightly so \u2013 a savings account is not an investment. It\u2019s a place to stash your cash so you can access it immediately if you need to.<\/span><\/p>\n

But that doesn\u2019t mean you should settle for low interest rates. After all, the difference between a 0.50% and 2.50% interest rate on a RM10,000 balance is around RM200 a year. It\u2019s not a life changing amount, but who wouldn\u2019t want an extra few hundred ringgit a year?<\/span><\/p>\n

Basic savings accounts provide returns of around 0.2% to 1.5%. The good news is that there are several savings accounts in Malaysia that offer better rates \u2013 if you are eligible. Here\u2019s what you need to know.<\/span><\/p>\n

<\/span>Comparison of high-interest savings account<\/b><\/span><\/h2>\n

Here are the best high-yield savings account in Malaysia:<\/span>
\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Savings account<\/th>Maximum interest rate<\/th>How to get maximum interest rate<\/th>\n<\/tr>\n<\/thead>\n
Standard Chartered Privilege$aver<\/a><\/td>6.15%<\/td>Deposit + invest + pay + spend<\/td>\n<\/tr>\n
RHB Smart Account\/-i<\/a><\/td>6.85%<\/td>Deposit + invest + pay + spend<\/td>\n<\/tr>\n
UOB ONE Account<\/a><\/td>6.00%<\/td>Deposit + pay + spend<\/td>\n<\/tr>\n
UOB Stash Account<\/a><\/td>2.38%<\/td>Maintain balance between RM100,001 and RM200,000<\/td>\n<\/tr>\n
OCBC 360 Account<\/a><\/td>3.25%<\/td>Deposit + pay + spend<\/td>\n<\/tr>\n
Hong Leong Bank Pay&Save Account<\/a><\/td>4.25%<\/td>Deposit + pay + spend<\/td>\n<\/tr>\n
Alliance SavePlus Account<\/a><\/td>2.85%<\/td>Maintain balance between RM200,001 and RM500,000<\/td>\n<\/tr>\n
Rize Savings Account-i<\/a><\/td>5.00%<\/td>Deposit<\/td>\n<\/tr>\n
AmBank eFlex<\/a><\/td>2.30%<\/td>Deposit<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\nRead on for more details about each savings account.<\/span><\/p>\n

<\/span>1.\u00a0Standard Chartered Privilege$aver<\/b><\/a><\/span><\/h2>\n

Up until January 2026, Standard Chartered offers a generous total interest rate of 6.15% on your entire account balance (up to RM100,000), although you\u2019ll have to jump through a few hoops.<\/span><\/p>\n

How to earn maximum interest rate of 6.15%:<\/b><\/p>\n

Generally speaking existing Standard Chartered Privilege$aver account holders are able to increase their interest from a base 0.05% p.a. to 6.15% p.a. by fulfilling the following requirements:\u00a0<\/span><\/p>\n