Best Savings Account in Malaysia
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We found 84 savings account(s) for you!
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Prizes worth RM30 million await you!
 Profit Rate
 2.5% p.a.
 Minimum Deposit
 RM 10
Commodity Murabahah Savings Account  i
 Profit Rate
 5% p.a.
 Minimum Deposit
 RM 20
UOB One Account
 Interest Rate
 6% p.a.
 Minimum Deposit
 RM 500
UOB Stash Account
 Interest Rate
 3.2% p.a.
 Minimum Deposit
 RM 500
HSBC Amanah Basic Savings Accounti
 Profit Rate
 0.25% p.a.
 Minimum Deposit
 RM 20
HSBC Basic Savings
 Interest Rate
 0.25% p.a.
 Minimum Deposit
 RM 20
Kuwait Finance House Basic Savings Accounti
 Profit Rate
 1.5% p.a.
 Minimum Deposit
 RM 20
Alliance SavePlus Accounti
 Profit Rate
 2.55% p.a.
 Minimum Deposit
 RM 250
RHB Smart Account
 Interest Rate
 2.85% p.a.
 Minimum Deposit
 RM 1,000
UOB Lady's Savings Account
 Interest Rate
 0.75% p.a.
 Minimum Deposit
 RM 500
RHB Smart Accounti
 Profit Rate
 2.85% p.a.
 Minimum Deposit
 RM 1,000
Alliance SavePlus Account
 Interest Rate
 2.5% p.a.
 Minimum Deposit
 RM 250
RHB MaxSave Account
 Interest Rate
 1% p.a.
 Minimum Deposit
 RM 200
RHB Saving Accounti
 Profit Rate
 1.25% p.a.
 Minimum Deposit
 RM 200
Bank of China Malaysia Basic Savings Account
 Interest Rate
 1% p.a.
 Minimum Deposit
 RM 20
Bank of China Malaysia Panda Junior Dual Currency Savings Account (PJSA)
 Interest Rate
 3.15% p.a.
 Minimum Deposit
 RM 20
OCBC 360 Account
 Interest Rate
 2.7% p.a.
 Minimum Deposit
 RM 500
OCBC Booster Account
 Interest Rate
 3.1% p.a.
 Minimum Deposit
 RM 500
Affin Islamic Barakah Charity Accounti
 Profit Rate
 2.2% p.a.
 Minimum Deposit
 RM 100
Affin Islamic Junior Saveri
 Profit Rate
 1.85% p.a.
 Minimum Deposit
 RM 1
Affin Islamic Savings Accounti
 Profit Rate
 1.85% p.a.
 Minimum Deposit
 RM 100
Affin Islamic Wealth Saveri
 Profit Rate
 1.85% p.a.
 Minimum Deposit
 RM 100
Affin Islamic AffinGoldi
 Profit Rate
 2% p.a.
 Minimum Deposit
 RM 1,000
Standard Chartered Basic Savings Account
 Interest Rate
 0.25% p.a.
 Minimum Deposit
 RM 20
Standard Chartered JustOne Priority Savings Account
 Interest Rate
 1% p.a.
 Minimum Deposit
 RM 0
Standard Chartered JustOne Preferred Savings Account
 Interest Rate
 0.5% p.a.
 Minimum Deposit
 RM 5,000
Standard Chartered JustOne Personal Savings Account
 Interest Rate
 0.25% p.a.
 Minimum Deposit
 RM 0
RHB Statement Savings Account
 Interest Rate
 1% p.a.
 Minimum Deposit
 RM 100
RHB Passbook Savings Account
 Interest Rate
 1% p.a.
 Minimum Deposit
 RM 250
RHB MySave Account
 Interest Rate
 0.6% p.a.
 Minimum Deposit
 RM 100
RHB Basic Savings Account
 Interest Rate
 0.28% p.a.
 Minimum Deposit
 RM 20
RHB Junior Savings Account
 Interest Rate
 3.2% p.a.
 Minimum Deposit
 RM 1
Public Bank Bestari Savings Accounti
 Profit Rate
 1% p.a.
 Minimum Deposit
 RM 10
Public Bank Basic Wadiah Savings Accounti
 Profit Rate
 0.6% p.a.
 Minimum Deposit
 RM 20
Public Bank Young Achiever Savings Account
 Interest Rate
 2.95% p.a.
 Minimum Deposit
 RM 500
Public Bank WISE Savings Account
 Interest Rate
 1.95% p.a.
 Minimum Deposit
 RM 1
Public Bank Basic Savings Account
 Interest Rate
 0.45% p.a.
 Minimum Deposit
 RM 20
Public Bank PLUS Savings Account
 Interest Rate
 0.8% p.a.
 Minimum Deposit
 RM 250
Public Bank PB SaveLink Account
 Interest Rate
 0.6% p.a.
 Minimum Deposit
 RM 500
Public Bank PB Bright Star Savings Account
 Interest Rate
 2.95% p.a.
 Minimum Deposit
 RM 50
Public Bank 50 PLUS Savings Account
 Interest Rate
 1.2% p.a.
 Minimum Deposit
 RM 2,000
Maybank imteen Account
 Interest Rate
 1.9% p.a.
 Minimum Deposit
 RM 50
Maybank Yippie Savings Account
 Interest Rate
 1.9% p.a.
 Minimum Deposit
 RM 1
Maybank Basic Savings Account
 Interest Rate
 0.25% p.a.
 Minimum Deposit
 RM 20
Maybank Maybank2u Saversi
 Profit Rate
 1% p.a.
 Minimum Deposit
 RM 250
Maybank Maybank2u Savers
 Interest Rate
 1% p.a.
 Minimum Deposit
 RM 250
Maybank Kawanku Savings Account
 Interest Rate
 0.4% p.a.
 Minimum Deposit
 RM 250
Maybank Golden Savers Savings Account
 Interest Rate
 0.7% p.a.
 Minimum Deposit
 RM 1,000
Maybank Savings Accounti
 Profit Rate
 0.4% p.a.
 Minimum Deposit
 RM 250
Maybank Golden Savers Savings Accounti
 Profit Rate
 1.95% p.a.
 Minimum Deposit
 RM 1,000
Maybank Islamic Yippiei Savings Account
 Profit Rate
 1.9% p.a.
 Minimum Deposit
 RM 1
Maybank Islamic Basic Savings Accounti
 Profit Rate
 0.25% p.a.
 Minimum Deposit
 RM 20
Maybank Islamic Imteeni Account
 Profit Rate
 2.65% p.a.
 Minimum Deposit
 RM 50
Hong Leong Basic Savings Account
 Interest Rate
 0.25% p.a.
 Minimum Deposit
 RM 20
Hong Leong Junior Savings Account
 Interest Rate
 1.5% p.a.
 Minimum Deposit
 RM 1
Hong Leong Premium Savings Account
 Interest Rate
 0.9% p.a.
 Minimum Deposit
 RM 10,000
Hong Leong Islamic MultiTier savings account i
 Profit Rate
 0.05% p.a.
 Minimum Deposit
 RM 100
Hong Leong Islamic Junior Savings Account i
 Profit Rate
 1.5% p.a.
 Minimum Deposit
 RM 1
Hong Leong Islamic Bank Basic Savings Accounti
 Profit Rate
 0.25% p.a.
 Minimum Deposit
 RM 20
Citibank Basic Savings Account
 Interest Rate
 1% p.a.
 Minimum Deposit
 RM 20
CIMB Basic Savings Account
 Interest Rate
 0.8% p.a.
 Minimum Deposit
 RM 20
CIMB Regular Savings Account
 Interest Rate
 0.35% p.a.
 Minimum Deposit
 RM 250
CIMB Prime Savings Account
 Interest Rate
 0.6% p.a.
 Minimum Deposit
 RM 1,000
CIMB Kwik Account
 Interest Rate
 0% p.a.
 Minimum Deposit
 RM 0
CIMB AirAsia Savers Account
 Interest Rate
 1% p.a.
 Minimum Deposit
 RM 250
CIMB Islamic EcoSave Savings Accounti
 Profit Rate
 1% p.a.
 Minimum Deposit
 RM 250
CIMB Islamic Basic Savings Accounti
 Profit Rate
 0.8% p.a.
 Minimum Deposit
 RM 20
BSN GIROi Savings Accounti
 Profit Rate
 1.06% p.a.
 Minimum Deposit
 RM 0
BSN GIROi eSaver
 Profit Rate
 2% p.a.
 Minimum Deposit
 RM 500
BSN Basic Savings Accounti
 Profit Rate
 0.95% p.a.
 Minimum Deposit
 RM 20
BSN Basic Savings Account
 Interest Rate
 0.25% p.a.
 Minimum Deposit
 RM 0
BSN SEDAR Account
 Interest Rate
 2.5% p.a.
 Minimum Deposit
 RM 0
BSN GIRO eSaver
 Interest Rate
 2% p.a.
 Minimum Deposit
 RM 0
Bank Rakyat Basic Savings Accounti Adult
 Profit Rate
 3% p.a.
 Minimum Deposit
 RM 10
Bank Rakyat Basic Savings Accounti Teenager
 Profit Rate
 3% p.a.
 Minimum Deposit
 RM 10
Bank Rakyat Basic Savings Accounti Nuri
 Profit Rate
 0.75% p.a.
 Minimum Deposit
 RM 10
Bank Muamalat Basic Savings Account
 Profit Rate
 0.75% p.a.
 Minimum Deposit
 RM 20
Bank Muamalat AlMudharabah Savings Account
 Profit Rate
 2% p.a.
 Minimum Deposit
 RM 10
MBSB Wise Saver Savings Accounti
 Profit Rate
 1.25% p.a.
 Minimum Deposit
 RM 20
MBSB Cheeky Savings Accounti
 Profit Rate
 2.1% p.a.
 Minimum Deposit
 RM 20
MBSB Cash Rich Savings Accounti
 Profit Rate
 1.65% p.a.
 Minimum Deposit
 RM 100
UOB InvestPro
 Interest Rate
 1.7% p.a.
 Minimum Deposit
 RM 100
UOB Fun Savers
 Interest Rate
 1.45% p.a.
 Minimum Deposit
 RM 1
UOB ProSave Accounti
 Interest Rate
 1.6% p.a.
 Minimum Deposit
 RM 100
Read more about Savings Account
FAQs What is a Saving Account?
A savings account is a deposit account offered by a bank, which allows you to save and withdraw your money as and when you like. In most cases, saving accounts generate less interest than Fixed Deposit accounts; but unlike the latter, there are no maturity periods and you do not lose any earned interest when you choose to withdraw your deposits before a certain period of time.

In a standard savings account arrangement, you deposit your funds to a bank and receive interest based on the amount of money you have in the account on periodic basis. You are allowed to access the funds you have deposited through a variety of mediums, which include withdrawals from a bank counter, an Automated Teller Machine (ATM) through a debit card, or via phone banking and in certain cases, through an online banking service.
Savings accounts generally do not have cheque facilities. In Malaysia, a deposit account that works in an identical manner as a savings account but comes with a chequebook is known as a current account. However, current accounts are typically harder to qualify for, and could also come with maintenance charges.

Most savings accounts in Malaysia do generate interest, but the rates pale in comparison to the returns generated by Fixed Deposit accounts. Generally speaking, saving accounts are not considered good financial vehicles to generate interest returns from your money. Instead, they are mostly considered as a means to store and withdraw money for everyday expenditure.
To get the best return from your savings account, always make sure you have done the necessary comparison between different savings accounts before you commit. Also, some savings accounts may feature a tiered interest rate system, which gives you a higher interest rate for higher account balances. Ultimately, you should always find out more about your saving account in order to take full advantage of its policies.

Deposits made at most banks in Malaysia are protected by Perbadanan Insurans Deposit Malaysia (PIDM), an insurance that automatically insures depositors against closure of the bank for up to RM250,000 per depositor per bank. Banks that are protected under PIDM are known as PIDM member banks, usually identifiable by a PIDM sign at the front counters.
To be insured by PIDM for more than RM250,000, the best way is to place any amount above RM250,000 with a different bank. Another way is to place the money into a jointname account or an Islamic account, which are insured separately from conventional singlename account. Information about PIDM can be found here.

Intense competition in the banking sector means certain banks do offer higher interest rates for their savings accounts compared to others in order to capture a wider market segment. As a smart consumer, you are advised to make an effort to seek out these banks.
To find the savings accounts with the best interest rates in Malaysia, simply refer to the table at the top of the page, which contains a list of all savings accounts offered by major banks in Malaysia as well as their latest prevailing rates. Upon finding a savings account you like, you can also apply for one online and at no charge. Simply click on “Apply Now” beside the savings account of your choice, and allow our consultant to help make the necessary arrangements on your behalf.