19 accounts compared. Enter your balance to see monthly interest earned — then filter by bank type, bonus rates, and more.
Savings Interest Calculator
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⚠️ Rates are indicative only. Bonus rates require meeting specific criteria. Verify with your bank.
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📊 Full Rate Table — All Savings Accounts
Compare base rates, bonus rates, and max effective rates at a glance. All rates are per annum (p.a.).
Bank
Account
Type
Base Rate
Bonus
Max Effective
Min Balance
⚠️ Important Disclaimer
Rates shown are indicative figures based on published data as of early 2026. Bonus rates require meeting specific criteria (salary credit, card spend, minimum transactions, etc.). Actual rates may differ. Always verify current rates and bonus criteria directly with your bank.
Stack bonus criteria — many accounts reward salary credit + card spend + bill payments. Meeting all criteria can add 1.00–1.50% to your base rate.
Digital banks (GX Bank, Boost Bank) often offer competitive rates with zero minimum balance — great for a secondary high-yield account.
Keep your emergency fund (3–6 months expenses) in a savings account for liquidity. Move surplus to fixed deposits for higher guaranteed returns.
Islamic savings accounts are available to all Malaysians and offer comparable profit rates to conventional accounts.
PIDM protects up to RM250,000 per depositor per bank — spread large balances across banks if you exceed this limit.
Review bonus criteria monthly — missing one criterion can drop your rate back to the base rate for that month.
Some accounts have tiered bonus rates that cap at a certain balance (e.g., RM100,000). Extra funds above the cap earn only the base rate.
Compare the effective rate after meeting criteria vs the effort required. A slightly lower rate with easier criteria may be more practical.
❓ Frequently Asked Questions
As of 2026, RHB Smart Account-i offers the highest effective rate at up to 4.00% p.a. when all bonus criteria are met. CIMB OCTO SavR follows at 3.80%, while Standard Chartered Esaver reaches 3.70%. Several banks including CIMB e Saving, Hong Leong Pay&Save, Alliance SavePlus, GX Bank, and Boost Bank offer up to 3.50%. Note that bonus rates require meeting monthly criteria such as salary credit, card spending, or bill payments.
Many Malaysian banks offer bonus interest on top of the base savings rate when you meet certain monthly criteria. Common criteria include: crediting your salary to the account (usually RM2,000+), making a minimum number of debit card or credit card transactions (typically 3–5 per month), paying bills via the bank's platform, or maintaining a minimum account balance. Bonus rates typically range from 0.50% to 1.50% p.a. You need to meet the criteria every month — missing them means you only earn the base rate for that month.
Yes. Savings accounts at PIDM member banks are protected up to RM250,000 per depositor per bank. This includes both conventional and Islamic savings accounts. The limit covers your total eligible deposits (savings, current, fixed deposit) combined at the same bank. All licensed commercial banks, Islamic banks, and digital banks (GX Bank, Boost Bank) in Malaysia are PIDM members.
Conventional savings accounts pay interest (faedah), while Islamic savings accounts (Savings Account-i or BSA-i) pay a profit rate based on Shariah-compliant concepts such as Mudharabah (profit sharing) or Wadiah (safekeeping). In practice, rates and mechanics are very similar. Islamic savings accounts are available to all Malaysians regardless of religion and are equally protected by PIDM up to RM250,000.
Digital banks like GX Bank and Boost Bank offer competitive savings rates (up to 3.50% p.a.) with zero minimum balance and a fully mobile experience. They are licensed by Bank Negara Malaysia and protected by PIDM. However, they may have balance caps for bonus rates, limited product range, and no physical branches. A practical strategy is to use a digital bank for high-yield savings alongside a traditional bank for everyday banking, loans, and credit cards.