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Benefits & Privileges

Octo Octo Octo
Bonus Interest
High Interest Rate
Freedom & Control

Eligibility

  • Individuals aged 12 to below 24 years
  • Upon reaching 24 years old, the account will be automatically converted to a regular savings account (statement)
  • No joint account allowed

 

Protected by PIDM up to RM250,000 for each depositor. To view PIDM's brochure, click here.

Requirements

  • NRIC or passport
  • Minimum initial deposit of RM100
  • A copy of utility bill for verification of address
  • If you are aged between 12 to below 18 years, your parent or legal guardian is needed to be present and sign the indemnity letter for issuance of debit card.

Interest Rates

Balance (RM) Interest Rates (% p.a.)
Up to 1,000 0.60
Up to 5,000 0.70
Up to 50,000 0.80
Up to 100,000 0.95
Above 100,000 1.45

Fees and Charges

Youth Savers Account

Terms and Conditions

Generic Savings Account
Savings Account Terms and Conditions (ENG)
Bonus Interest
Bonus Interest Terms and Conditions

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