Take advantage of the higher interest rates to encourage your teenager to save. Banking is very much convenient now with our extensive network of ATMs and Cash Deposit Machines (CDM).
Features and Benefits:
Earn daily interest on your account's full balance.
Passbook will be issued with or without ATM card.
Statement-based with ATM card.
Monthly statement every 15th of the month if the account has more than 20 transactions. Otherwise, quarterly posting of statement.
Limited daily withdrawal of RM200.
Terms & Conditions Apply
Eligible for protection by PIDM. Click here for PIDM's brochure
Eligibility:
Teenager from 12 to 18 years old who are either residents or non-residents.
Requirements:
Minimum initial deposit for statement savings account - RM250 or passbook savings account - RM500.
Child's NRIC or passport.
Children's & Teenage Savings
Balance
Rates (% p.a)
Up to RM1,000
0.60
Up to RM5,000
0.70
Up to RM25,000
0.80
Up to RM50,000
0.80
Up to RM100,000
0.95
Above RM100,000
1.45
Products/Items
Charges
1
Replacement of Lost / Spoilt Passbook
RM20 (Inclusive of Stamp Duty on Letter of Indemnity)
2
Interbranch Online Transactions
Transfer
Cash Deposit
Cheque Deposit
Cash Withdrawal
No commission
3
Transfer of Funds Within Same Branch by Instruction
RM5 per transaction
4
Transfer of Funds To Another Branch by Instruction
RM5 per transaction
5
Closing of Savings Accounts (within 6 months of its opening)
RM10
6
Closing of Savings Accounts (after 6 months of its opening)
No charge
7
Account Certification for EPF Withdrawal
RM20 per certificate
8
Letter of Reference (for visa application, education placement, etc)
RM30 per letter
9
Dormant Account Activities Fee
No charge
10
Reproduction of Statements of Savings Account for period up to 1 year
RM10 (upfront)
RM2 (additional page)
11
Reproduction of Statements of Savings Account for period exceeding 1 year
RM30 (upfront)
RM2 (additional page)
12
Service charge (applicable for Prime Savings Account)
RM2 per transaction for 2nd withdrawal & above per month
Current Accounts
