BEST Savings Accounts in Malaysia (for High Interest!)

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⬇️ Timestamps:
0:00 → Introduction
0:06 → Unconditional Savings Accounts
0:41 → OCBC Flex Account
1:53 → MBSB Cash Rich Savings Account-i
2:50 → Conditional Savings Accounts
3:54 → OCBC 360 Account
4:59 → RHB Smart Account
6:26 → UOB One Account
7:45 → Hong Leong Pay & Save Account
8:43 → Standard Chartered Privilege Saver
10:03 → Alliance SavePlus Account
10:58 → UOB Stash Account
11:31 → RIZE Commodity Murabahah Savings Account-i
12:16 → Conclusion

Looking for the best high-interest savings accounts in Malaysia? In this video, wIll walk you through 10 top savings accounts!

Unconditional Savings Accounts: Simply open, deposit, and earn higher interest than the average 0.20% p.a. We cover OCBC Flex Account, which offers up to 2.20% p.a., and the MBSB Cash Rich Savings Account-i, a Shariah-compliant account with a promising 1.85% rate.

Conditional Savings Accounts: Earn higher rates by meeting specific conditions. We cover five accounts including the OCBC 360 Account which can offer up to 3.25% p.a., RHB Smart Account with a potential 3.85% p.a. for those into investment products, the UOB One Account boasting up to 4% p.a., HLB Pay & Save, and the Standard Chartered Privilege Saver which might reach an impressive 6.15% p.a. if you meet all their criteria.

High-Balance Accounts: Ideal for those with over RM100,000. We introduce the Alliance SavePlus Account offering up to 3.00% p.a., the UOB Stash Account with up to 2.38% p.a., and the RIZE Savings Account-i backed by Saudi Arabian digital bank Al-Rajhi Bank offering an enticing 5% p.a. campaign rate for deposits below RM 5,000.

Well, my personal favorite is the OCBC 360 Account for its simplicity. However, considering the rise of digital banks like RIZE, it's an exciting time to explore all options. More digital banks are expected in Malaysia soon, hinting at even better offers. If you found this video useful, please give it a thumbs up! Thanks for tuning in, and see you next time!
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Disclaimer: This content is provided by a paid Influencer of Interactive Brokers. Influencer is not employed by, partnered with, or otherwise affiliated with Interactive Brokers in any additional fashion. This content represents the opinions of Influencer, which are not necessarily shared by Interactive Brokers. The experiences of the Influencer may not be representative of other customers, and nothing within this content is a guarantee of future performance or success.

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Комментарии

Wow, this video is betul-betul membantu, especially for those yang nak cari savings account yang offer high interest rate. Saya suka betul cara you explain pasal the OCBC 360 account. Your breakdown on how the interest is calculated based on different components, macam deposit bonus, pay bonus, and spend bonus, sangat clear dan straight to the point. Also, saya appreciate the tips on how to achieve the max interest rate dengan hanya deposit dan spend 500 Ringgit each month, it's quite achievable for most people. Also, menarik juga to learn pasal the different categories of savings accounts and how each has its own perks and conditions. Your comparison really helps to highlight the benefits of each, making it senang for viewers to make an informed decision. Definitely a well-researched and informative video! Keep up the great work!

dausdk

Thanks for the videos. hope you continue to provide us malaysian financial guidance. Really appreciate it and happy early chinese new year wishes to you and your family.

iwillfollowuuu

Thank you for sharing this kind of knowledge, It's really help. You got my thumb ups and a new subcriber here.

fredrobert

from what I see, the ONLY benefit of saving in these savings accounts mentioned in the video is 'Protected by PIDM'

else, I don't see why I need so much hassle just to earn a meager sub-3% interest rate p.a. whereas money market funds easily surpass >3.5% p.a.

mahweigiap

Mbsb cash rich account for me! Just need to have a balance of rm50 and 1.85% profit rate! Love it 😍

SaadonAksah

Great Video! Thanks for the info really help me with my choices. Wanted to ask if having any of these banks as salary account consider as depositing money in these accounts as mentioned above? Or do i need to physically deposit every month?

SuperJUNYAN

hi ziet, thanks for the great video! i wanna ask since these high yield savings account require you to do some actions to be entitled to the rate, would it be easier to just put it in GX bank instead?

wendyliang

Maybe can consider do a FD for Malaysia bank and ensure the FD does have "PIDM"

CayonPokPok

RHB old rate have been revise with spend and pay both increase 0.25 to 0.75 with made the components become bank balance 0.05 save 1.80 spend 0.75 pay 0.75 invest 1.00. RHB website still showing old rate. Need to seek on more information page to review the new update rate.

omglee

hi ziet, i was wondering if you could explain on how can we know how much do we need to invest so that the cost of investing doesnt eat in into the money we invested

chaijieyi

Sir, can you review uob saving account because there are few account saving in uob saving account

afiqdanial

with the ringgit being weak and interest not high, long term ringgit is weakening against USD QQ

shinrashen

GX bank already 3% without doing anything.

ywrong

Hi Ziet..the UOB One account seem to be giving good returns. Is it correct the 100k deposit will yield 6% returns ?

edwinweb

Hi Ziet. Great video. Just wondering, how many bank account do you manage personally? How much is too much or too little for an average malaysian? It would be great to have your enlightment on this.

yweiyuen