BEST Savings Accounts in Malaysia (for High Interest!)

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  • เผยแพร่เมื่อ 20 พ.ค. 2024
  • Get high interest savings account here! 🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ www.interactivebrokers.com/mk...
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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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ความคิดเห็น • 63

  • @dausdk
    @dausdk 7 หลายเดือนก่อน +32

    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!

    • @ZietInvests
      @ZietInvests  6 หลายเดือนก่อน

      Glad you like it bro 😘

  • @SuperJUNYAN
    @SuperJUNYAN 5 หลายเดือนก่อน

    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?

  • @wendyliang5215
    @wendyliang5215 วันที่ผ่านมา

    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?

  • @iwillfollowuuu
    @iwillfollowuuu 3 หลายเดือนก่อน +3

    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.

    • @ZietInvests
      @ZietInvests  3 หลายเดือนก่อน

      Thank you! May this new year bring prosperity, happiness, and health to you and your family as well. Stay tuned for more content in 2024! 🧧🧧

  • @afiqdanial3118
    @afiqdanial3118 4 หลายเดือนก่อน

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

  • @SaadonAksah
    @SaadonAksah 3 หลายเดือนก่อน

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

  • @mateodiego410
    @mateodiego410 7 หลายเดือนก่อน +1

    thanks for ur knowledge

    • @ZietInvests
      @ZietInvests  6 หลายเดือนก่อน

      You’re most welcome!😇

  • @user-uw1br3cr8d
    @user-uw1br3cr8d 3 หลายเดือนก่อน +1

    Good presentation.Clear and precise.

    • @ZietInvests
      @ZietInvests  3 หลายเดือนก่อน

      Thank you! Glad you liked it 🥰

  • @joseph2896
    @joseph2896 5 หลายเดือนก่อน +1

    great work Ziet. thanks

    • @ZietInvests
      @ZietInvests  5 หลายเดือนก่อน

      glad you liked it joseph!

  • @dolfo34
    @dolfo34 6 หลายเดือนก่อน

    That works for expats living in Malaysia too????

  • @ngchernhao6401
    @ngchernhao6401 7 หลายเดือนก่อน

    Hi ziet, for savings under 20k would you recommend any of the savings accounts mentioned or robo-advisors (tng Goinvest, stashaway etc)?

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน +2

      Hi Chern Hao, if you mean money market funds - yes! I think they are great for that purpose

  • @chaijieyi3051
    @chaijieyi3051 7 หลายเดือนก่อน +1

    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

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน +2

      Hi Jie Yi, do you mean how much we should DCA monthly? Usually I try to keep my brokerage fee somewhere

  • @yweiyuen3560
    @yweiyuen3560 5 หลายเดือนก่อน

    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.

  • @pauljun9265
    @pauljun9265 7 หลายเดือนก่อน

    hello ziet want to ask regarding if i transfer my stock from webull to IB how long of statement i need to download?3 month is enough?

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน

      Hi Kise, im not very sure about that coz i never transferred stocks from Webull before. If you ask me - maybe download the annual statement will do, as its probably just to prove your account ownership. Do check with IB support just to be sure yea

  • @omglee6389
    @omglee6389 7 หลายเดือนก่อน

    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.

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน

      Thank you for the note!

  • @CayonPokPok
    @CayonPokPok 7 หลายเดือนก่อน +2

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

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน +1

      On it! Thank you for your suggestion 😊

  • @raypang20
    @raypang20 15 วันที่ผ่านมา

    one gx kautim all the banks here

  • @shinrashen
    @shinrashen 7 หลายเดือนก่อน +1

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

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน +1

      Im making a video to share more about ways to get our hands on USD!

  • @rayallan3650
    @rayallan3650 6 หลายเดือนก่อน +1

    what about kenanga savings ? is it not good for just savings ?

    • @PassionPno
      @PassionPno 2 หลายเดือนก่อน

      It is not a PIDM insured bank account.

    • @rayallan3650
      @rayallan3650 2 หลายเดือนก่อน

      @@PassionPno really need to find a pidm insured bank only ? Just need a good saving bank with good interest

  • @sharattavivekananthan
    @sharattavivekananthan 2 หลายเดือนก่อน

    May i know the same for maybank and cimb? In the website it only shows base interest rate.

  • @choongching
    @choongching 7 หลายเดือนก่อน

    Any referral signup benefits for RIZE?

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน +1

      I don’t have one🥺 maybe next time?

  • @madeleinelee8206
    @madeleinelee8206 7 หลายเดือนก่อน

    What's the brokerage rate IBKR vs m global vs moo moo ?

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน +1

      IBKR: starting from 0.35 usd/trade
      m global: starting from 3 usd/trade
      moomoo: starting from 0.99 usd/trade

    • @madeleinelee8206
      @madeleinelee8206 7 หลายเดือนก่อน

      @@ZietInvests thanks

  • @ridhuanrazali9138
    @ridhuanrazali9138 4 หลายเดือนก่อน +2

    what about GX bank???

    • @PassionPno
      @PassionPno 2 หลายเดือนก่อน

      When this video was made, GX Bank was not launched yet.

  • @ect8565
    @ect8565 7 หลายเดือนก่อน +3

    rhb is 3.35

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน +1

      Whoops! must have been a typo during my research, thank you for the correction!

    • @tankamfook8050
      @tankamfook8050 6 หลายเดือนก่อน

      @@ZietInvestshi any ideas which MY banks provide monthly FD interest credited into your account besides UOB? Thanks

  • @hc8714
    @hc8714 2 หลายเดือนก่อน

    got this kind of money go into bond simply also 5.5 per cent percent. these banks think too much

    • @ZietInvests
      @ZietInvests  2 หลายเดือนก่อน

      but not everyone knows how to get their hands on bonds :( its intentionally made hard for everyone unfortunately

    • @alexteh1873
      @alexteh1873 หลายเดือนก่อน

      Which platform bro?.

  • @cheryee3659
    @cheryee3659 6 หลายเดือนก่อน

    Monthly change SGD better … wait for local banks ??? 😂

    • @ZietInvests
      @ZietInvests  6 หลายเดือนก่อน

      That is also an idea 🤣 Mind sharing how do you change it? Cash/ multicurrency account/ WISE/ overseas account or some other way?

    • @cheryee3659
      @cheryee3659 6 หลายเดือนก่อน

      @@ZietInvests cash

  • @darrenpang1318
    @darrenpang1318 7 หลายเดือนก่อน +1

    Just hope they don't go bust like USA's banks 😅

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน

      That one is....hard to say liao :P Got PIDM insurance up to 250k lor

  • @GO-su3lf
    @GO-su3lf 7 หลายเดือนก่อน +1

    APY/365=Daily Interest

  • @ZietInvests
    @ZietInvests  7 หลายเดือนก่อน +1

    What's your pick?🤭

    • @rawrr3396
      @rawrr3396 7 หลายเดือนก่อน +1

      There is aanother RHB smart account which give 3.35% interest rate

    • @bappe5028
      @bappe5028 7 หลายเดือนก่อน +1

      I'm using RHB and Rize.

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน

      ​@@rawrr3396 you mean this one! www.rhbgroup.com/smart/index.html?GGR&GGR&Smart&gad=1&gclid=Cj0KCQjwhL6pBhDjARIsAGx8D5_enLCKkqWNvo5yNsmNtzyQ3jlNe7I55REzm-gUiG32KnOWXODEUl8aAsntEALw_wcB

    • @ZietInvests
      @ZietInvests  7 หลายเดือนก่อน

      @@bappe5028 what's the rate you're getting with RHB's? (did you do the investment products one too?)

    • @jvchia1
      @jvchia1 7 หลายเดือนก่อน

      me too@@bappe5028