BEST Savings Accounts in Malaysia (for High Interest!)
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- เผยแพร่เมื่อ 20 พ.ค. 2024
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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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Savings account
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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!
Glad you like it bro 😘
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?
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?
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.
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! 🧧🧧
Sir, can you review uob saving account because there are few account saving in uob saving account
Mbsb cash rich account for me! Just need to have a balance of rm50 and 1.85% profit rate! Love it 😍
thanks for ur knowledge
You’re most welcome!😇
Good presentation.Clear and precise.
Thank you! Glad you liked it 🥰
great work Ziet. thanks
glad you liked it joseph!
That works for expats living in Malaysia too????
Hi ziet, for savings under 20k would you recommend any of the savings accounts mentioned or robo-advisors (tng Goinvest, stashaway etc)?
Hi Chern Hao, if you mean money market funds - yes! I think they are great for that purpose
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
Hi Jie Yi, do you mean how much we should DCA monthly? Usually I try to keep my brokerage fee somewhere
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.
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?
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
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.
Thank you for the note!
Maybe can consider do a FD for Malaysia bank and ensure the FD does have "PIDM"
On it! Thank you for your suggestion 😊
one gx kautim all the banks here
with the ringgit being weak and interest not high, long term ringgit is weakening against USD QQ
Im making a video to share more about ways to get our hands on USD!
what about kenanga savings ? is it not good for just savings ?
It is not a PIDM insured bank account.
@@PassionPno really need to find a pidm insured bank only ? Just need a good saving bank with good interest
May i know the same for maybank and cimb? In the website it only shows base interest rate.
Any referral signup benefits for RIZE?
I don’t have one🥺 maybe next time?
What's the brokerage rate IBKR vs m global vs moo moo ?
IBKR: starting from 0.35 usd/trade
m global: starting from 3 usd/trade
moomoo: starting from 0.99 usd/trade
@@ZietInvests thanks
what about GX bank???
When this video was made, GX Bank was not launched yet.
rhb is 3.35
Whoops! must have been a typo during my research, thank you for the correction!
@@ZietInvestshi any ideas which MY banks provide monthly FD interest credited into your account besides UOB? Thanks
got this kind of money go into bond simply also 5.5 per cent percent. these banks think too much
but not everyone knows how to get their hands on bonds :( its intentionally made hard for everyone unfortunately
Which platform bro?.
Monthly change SGD better … wait for local banks ??? 😂
That is also an idea 🤣 Mind sharing how do you change it? Cash/ multicurrency account/ WISE/ overseas account or some other way?
@@ZietInvests cash
Just hope they don't go bust like USA's banks 😅
That one is....hard to say liao :P Got PIDM insurance up to 250k lor
APY/365=Daily Interest
💯
What's your pick?🤭
There is aanother RHB smart account which give 3.35% interest rate
I'm using RHB and Rize.
@@rawrr3396 you mean this one! www.rhbgroup.com/smart/index.html?GGR&GGR&Smart&gad=1&gclid=Cj0KCQjwhL6pBhDjARIsAGx8D5_enLCKkqWNvo5yNsmNtzyQ3jlNe7I55REzm-gUiG32KnOWXODEUl8aAsntEALw_wcB
@@bappe5028 what's the rate you're getting with RHB's? (did you do the investment products one too?)
me too@@bappe5028