Various domestic banks have launched high-interest savings accounts, you may wish to refer to them. To enjoy high interest rates, depositors must complete specified tasks.
1. Hong Leong Bank Pay&Save Account
After completing the designated tasks, depositors will enjoy interest rates of up to 4.15% p.a.
When depositors remit RM2,000 into the account once a month, they can enjoy a savings interest of 2.25% p.a. When depositors use their savings account to pay bills of at least RM500, they can enjoy an additional interest of 0.50% p.a. or up to RM30 per month. When depositors use the debit card to spend at least RM500, they can also enjoy an additional interest of 0.50% p.a. or up to RM30 per month. When depositors invest in stocks, they can enjoy additional interest of up to 0.90% p.a.
It is worth paying special attention that when the stock investment is less than RM20,000, you can only enjoy 0.30% p.a. interest, when the stock investment is less than RM30,000, you can enjoy 0.50% p.a., when the stock investment is less than RM100,000, you can enjoy 0.70% p.a. Only when the stock investment exceeds RM100,000 can you enjoy 0.90%p.a.
2.OCBC 360
After completing 3 designated tasks, depositors can enjoy interest rates of up to 4.20% p.a.
Each depositor can enjoy a basic interest of 0.10% p.a., a monthly remittance of at least RM3,000 can enjoy an interest of 2.00% p.a. (for the first 3 months only), and a payment of at least 3 bills can enjoy an interest of 1.05% p.a., use a credit card or Enjoy 1.05% p.a. when you spend at least RM500 with a debit card.
3. UOB One Account
After completing at least 2 tasks, depositors can enjoy an interest rate of up to 6.00%p.a., but the highest effective interest rate is 4.00%p.a.
Depositors can choose at least 2 of the 6 tasks to complete, which are the account opening bonus for the first 6 months, remit a salary of at least RM2,000 into the account every month, use a credit card or debit card to spend more than RM500, and pay the minimum separately. 3 bills of RM50, perform 3 Direct Debit Payments of at least RM50 each, and remit at least RM2,000 into the account every month.
If the account balance is less than RM50,000, you can only enjoy 0.10%p.a. interest if you have not completed any tasks, 0.80%p.a. if you complete 1 task, and 2.00%p.a. if you complete 2 tasks. For the next RM50,000 in the account balance, you can only enjoy 0.10%p.a. if no tasks are completed, 1.80%p.a. for completing 1 task, and 6.00%p.a. for completing 2 tasks.
In this way, if you have an account deposit of less than RM100,000 and complete 2 tasks, you can enjoy an effective interest rate of 4.00% p.a. For amounts exceeding RM100,000, you can only enjoy an effective interest rate of 3.60% p.a.
4. RHB Smart Account
After completing specified tasks, depositors can enjoy interest rates of up to 3.85% p.a.
The savings in the account can enjoy a basic interest rate of 0.05% p.a., the monthly remittance of at least RM2,000 can enjoy an interest rate of 1.80% p.a., the account can be used to pay at least 3 bills to enjoy a 0.50% p.a., and the minimum consumption using a credit card or debit card RM1,000 can enjoy an interest rate of 0.50% p.a., and investment products investing at least RM1,000 in RHB can enjoy an interest rate of 1.00% p.a.
