This is a savings account that gives you the convenience to make withdrawals and transactions anytime you want. Ideally, your emergency fund should be in a separate account from your spending account.
You should also look for options with a competitive interest/profit rate and no fees. Comparison sites such RinggitPlus and iMoney are great online sources to help you compare savings accounts that are available in Malaysia – making it easier for you to make your choice!
Looking for a recommendation? If you’re a CIMB Preferred member, the new CIMB Preferred Savings Account-i is a good option to stash your emergency fund. With this account, you can earn up to 1.75% per annum on your account balance, which is also one of the most competitive rate in the market, earn monthly Bonus Points and enjoy exclusive Preferred Privileges. Head on to the CIMB Preferred Savings Account-i product page to know more.
At CIMB, we have a variety of products that can meet your savings needs too. Discover the best option for you right here.
Note: Savings Account/-i is protected by PIDM up to RM250,000 for each depositor.