Compare Savings Accounts in Malaysia

Live offers across tracked providers in Malaysia — updated daily from the Giraffy database.

Live offers

24 live offers compared from 16 providers, from 2% AER. Updated daily.

Akaun Simpanan GXBank GXBank

2% AER

  • Kadar Faedah: Asas 2.00%; sehingga 4.00% (Poket Bonus)
  • Jenis Akaun: Simpanan bank digital
  • Akses / Terma: Akses segera
  • Had Baki: Bonus untuk RM10,000 pertama

Akaun BSN MyFirst BSN

2% AER

Bank simpanan nasional BSN menawarkan penjimatan akses mudah dengan akses ATM di seluruh negara.

  • Kadar Faedah: 2.00% setahun
  • Jenis Akaun: Simpanan Biasa
  • Akses / Terma: Akses segera
  • Had Baki: Minimum MYR 20

Penjimatan Harian+ HSBC HSBC Malaysia

3% AER

Penjimatan harian HSBC dengan peringkat faedah bonus dan pemindahan percuma.

  • Kadar Faedah: Sehingga 3.00% setahun
  • Jenis Akaun: Simpanan Biasa
  • Akses / Terma: Akses segera
  • Had Baki: Tiada baki minimum

Simpanan GXBank GXBank

3% AER

Bank digital pertama di Malaysia menawarkan sehingga 3% setahun tanpa sebarang syarat terkunci.

  • Kadar Faedah: Sehingga 3.00% setahun
  • Jenis Akaun: Simpanan Bank Digital
  • Akses / Terma: Akses segera
  • Had Baki: Tiada baki minimum

Simpanan Affin Al-Falah-i Affin Bank

3.10% AER

Simpanan Islamik Affin dengan pengiraan keuntungan harian dan perlindungan PIDM.

  • Kadar Faedah: 3.10% setahun
  • Jenis Akaun: Simpanan Islam
  • Akses / Terma: Akses segera
  • Had Baki: Minimum MYR 20

Simpanan SC JustOne Standard Chartered Malaysia

3.20% AER

Simpanan JustOne Standard Chartered dengan faedah bonus untuk kredit gaji.

  • Kadar Faedah: Sehingga 3.20% setahun
  • Jenis Akaun: Simpanan Biasa
  • Akses / Terma: Akses segera
  • Had Baki: Tiada baki minimum

Simpanan-i Agrobank Agrobank

3.20% AER

Penjimatan kewangan pembangunan yang disesuaikan untuk pelanggan sektor pertanian.

  • Kadar Faedah: 3.20% setahun
  • Jenis Akaun: Simpanan Islam
  • Akses / Terma: Akses segera
  • Had Baki: Minimum MYR 20

Balang Simpanan Bank Boost Boost Bank

3.30% AER

  • Kadar Faedah: Sehingga 3.30% setiap hari, tanpa syarat
  • Jenis Akaun: Simpanan bank digital
  • Akses / Terma: Akses segera
  • Had Baki: Lihat myboostbank.co

Alliance SavePlus-i Alliance Bank

3.30% AER

Simpanan-i Alliance Bank Islamic dengan pengiraan keuntungan harian.

  • Kadar Faedah: 3.30% setahun
  • Jenis Akaun: Simpanan Islam
  • Akses / Terma: Akses segera
  • Had Baki: Minimum MYR 20

Bank Islam iSave Bank Islam

3.40% AER

Akaun simpanan-i asas Bank Islam dengan kadar keuntungan yang kompetitif.

  • Kadar Faedah: 3.40% setahun
  • Jenis Akaun: Simpanan Islam
  • Akses / Terma: Akses segera
  • Had Baki: Minimum MYR 20

Simpanan-i MBSB MBSB Bank

3.50% AER

Simpanan patuh Syariah MBSB dengan kadar keuntungan yang menarik dan akses mudah.

  • Kadar Faedah: 3.50% setahun
  • Jenis Akaun: Simpanan Islam
  • Akses / Terma: Akses segera
  • Had Baki: Minimum MYR 100

Tingkatkan Simpanan Bank Boost Bank

3.50% AER

Tingkatkan simpanan digital Bank dengan pulangan yang kompetitif dan akses segera melalui aplikasi.

  • Kadar Faedah: Sehingga 3.50% setahun
  • Jenis Akaun: Simpanan Bank Digital
  • Akses / Terma: Akses segera
  • Had Baki: Tiada baki minimum

Akaun Simpanan UOB UOB Malaysia

3.50% AER

Akaun Stash UOB memberi ganjaran kepada anda kerana meningkatkan baki anda dari bulan ke bulan.

  • Kadar Faedah: Sehingga 3.50% setahun
  • Jenis Akaun: Simpanan Biasa
  • Akses / Terma: Akses segera
  • Had Baki: Tiada baki minimum

Simpanan Bank Muamalat Mudarabah Bank Muamalat Malaysia

3.60% AER

Simpanan Islam utama Muamalat berdasarkan kontrak perkongsian keuntungan Mudarabah.

  • Kadar Faedah: 3.60% setahun
  • Jenis Akaun: Simpanan Islam (Mudarabah)
  • Akses / Terma: Akses segera
  • Had Baki: Minimum MYR 100

Deposit Tetap Bank AEON AEON Bank

3.80% AER

  • Kadar Faedah: 3.80% setahun
  • Jenis Akaun: Deposit tetap Islam (bertempoh)
  • Akses / Terma: Terma terpakai
  • Had Baki: Lihat aeonbank.com.my

Simpanan-i AEON Bank AEON Bank

3.80% AER

Simpanan Islamik AEON Bank dengan hibah harian dan integrasi ganjaran runcit.

  • Kadar Faedah: Sehingga 3.80% setahun
  • Jenis Akaun: Simpanan Bank Digital Islam
  • Akses / Terma: Akses segera
  • Had Baki: Tiada baki minimum

Simpanan-i Bank Rakyat Bank Rakyat

3.80% AER

Bank koperasi Islam terbesar Malaysia menawarkan simpanan Mudarabah.

  • Kadar Faedah: 3.80% setahun (dividen)
  • Jenis Akaun: Simpanan Islam (Mudarabah)
  • Akses / Terma: Akses segera
  • Had Baki: Minimum MYR 50

Deposit Tetap GXBank GXBank

3.85% AER

  • Kadar Faedah: 3.85% setahun (12 bulan)
  • Jenis Akaun: Deposit tetap
  • Akses / Terma: Tempoh 12 bulan
  • Had Baki: Lihat gxbank.my

Simpanan OCBC Al-Amin-i OCBC Malaysia

4% AER

Akaun simpanan patuh Syariah dengan kadar hibah yang kompetitif dan perlindungan PIDM.

  • Kadar Faedah: Sehingga 4.00% setahun
  • Jenis Akaun: Simpanan Islam (Simpanan-i)
  • Akses / Terma: Akses segera
  • Had Baki: Tiada baki minimum

Simpanan Tabung Haji Tabung Haji

4.25% AER

Tabung haji Islam Malaysia menawarkan simpanan berasaskan dividen untuk tujuan ibadah haji.

  • Kadar Faedah: 4.25% setahun (dividen)
  • Jenis Akaun: Simpanan Islam (Tabung Haji)
  • Akses / Terma: Pengeluaran separa pada bila-bila masa
  • Had Baki: Minimum MYR 1

MAKE YOUR MONEYMAKE MORE MONEY GXBank

RM8 /month

  • Minutes: 4 mins
  • Provider: GXBank

GXBank Plan GXBank

RM8 /month

  • Provider: GXBank

Your Banking Benefits, Boosted Boost Bank

RM10 /month

  • Rate: 4.0%
  • Provider: Boost Bank

RM10 Reward Just For You Boost Bank

RM10 /month

  • Provider: Boost Bank

What are Savings Accounts in Malaysia?

A savings account holds your money securely while earning interest (conventional) or profit (Islamic), giving you easy access for everyday needs and short-term goals. In Malaysia they range from basic passbook and e-savings accounts to high-yield digital accounts and Shariah-compliant savings offered by Islamic banks. The recent wave of digital banks has sharpened competition, pushing headline savings rates well above traditional passbook accounts for balances that meet certain conditions.

How the Malaysian market works

Malaysian savings accounts come from conventional banks, Islamic banks and the new licensed digital banks. Conventional accounts pay interest while Islamic accounts pay profit under structures such as Tabarru or Mudarabah, but both are functionally comparable for savers. Rates are often tiered, with the highest headline figures applying only to balances up to a cap or requiring conditions such as minimum spend or salary crediting. Digital banks have driven promotional rates notably higher than legacy accounts.

Benefits

PIDM protection — Deposits are insured by Perbadanan Insurans Deposit Malaysia (PIDM) up to RM250,000 per depositor per bank.

Easy access — Funds remain available on demand through apps, ATMs and online transfers, unlike locked-in fixed deposits.

Shariah-compliant options — Islamic savings accounts pay profit instead of interest for customers who prefer Shariah alignment.

Competitive digital rates — Digital-bank accounts offer notably higher headline returns than traditional passbook savings.

How to choose

Look at the headline rate but read the conditions: many high rates apply only up to a balance cap or require monthly activity such as a minimum deposit or spend. Check whether the account is conventional or Islamic, any minimum balance or fees, and how easily you can move money. Confirm the bank is PIDM-insured, and consider bundling a savings account with a linked current or spending account for convenience.

Leading providers in Malaysia

GXBank, Boost Bank and AEON Bank are the licensed digital banks driving high promotional savings rates through their apps. HSBC Malaysia, OCBC Malaysia and Standard Chartered Malaysia offer competitive conventional and premier savings tiers. MBSB Bank provides Islamic savings, and Lembaga Tabung Haji serves Muslims saving toward Hajj with Shariah-compliant returns. Each suits different balances and preferences, so compare rate conditions closely.

What it costs

Savings accounts typically charge little or no monthly fee, and instead pay you a return. Rates range from around 2% on standard tiers up to roughly 10% on the most aggressive digital-bank promotions, though the top rates usually apply only to capped balances or require qualifying conditions. Watch for below-the-line fees such as falling below a minimum balance, and note that promotional bonus rates often revert to a lower base rate after the campaign period.

Protections and regulation

Savings accounts are offered by banks licensed and supervised by Bank Negara Malaysia (BNM). Eligible ringgit deposits are protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to RM250,000 per depositor per member bank, covering both conventional and Islamic deposits. Islamic accounts fall under the Islamic Financial Services Act 2013. Complaints can be escalated to the Ombudsman for Financial Services.

Common questions

Is my money safe? Yes, eligible deposits at PIDM member banks are insured up to RM250,000 per depositor per bank, including digital banks.

Why is the advertised rate higher than what I earn? Top rates often apply only to balances below a cap or require conditions like a minimum monthly deposit; balances above the cap earn a lower base rate.

What is the difference between interest and profit? Conventional banks pay interest, Islamic banks pay profit under Shariah structures; for savers the practical experience is similar.

Savings Accounts in Malaysia — FAQ

What is the highest savings rate in Malaysia right now?

Giraffy tracks 5 savings accounts across GXBank,BSN,HSBC Malaysia,Affin Bank providers in Malaysia. Sort by highest rate and filter by account type (easy access vs. fixed) to find the best deal for your timeline.

Is my money safe in a savings account?

Yes — PIDM protects up to RM 250,000 per depositor, per bank. Always confirm your institution is BNM-regulated before depositing. If your balance exceeds the protection limit, spread funds across multiple separately-licensed banks.

What does p.a. mean on a savings account?

p.a. (per annum) is the standardised rate that accounts for how often interest is compounded over a year. It's the fairest number to compare across accounts — always compare like-for-like using p.a. rather than the gross or monthly rate.

What is the difference between easy access and fixed-rate savings?

Easy access accounts let you withdraw your money at any time — rates are variable and may change. Fixed-rate bonds or term deposits lock your money away for a set period (usually 1–5 years) at a guaranteed rate, which is typically higher. Choose fixed if you don't need the funds before the term ends.

Do I pay tax on savings interest?

Tax on savings interest varies by country and income level. Check your country's tax authority guidance or speak to a financial adviser if your interest income is significant.

Can I open multiple savings accounts at different banks?

Yes — and it can be a smart strategy. Spreading savings across banks maximises your deposit protection (RM 250,000 under PIDM per institution) and lets you earn the best rate at each bank. Just keep track of all accounts to avoid losing money to dormancy fees.

How quickly can I access my money in an easy access savings account?

Most easy access accounts transfer funds to a linked current account within one working day, and many process withdrawals the same day. Some accounts restrict the number of free withdrawals per month — check the terms before you open one if flexibility matters to you.