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5 Best Savings Accounts in KL & Selangor [2024]

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Savings Account KL Selangor

Best Savings Account KL Selangor
Best Savings Account KL Selangor

Having a savings account is essential in today’s society. It gives you the security to know that your money will be there when you need it, and also offers many benefits for the future. Choosing the best savings account can be difficult because there are so many options out there. In this article, we have compiled a list of 5 Best Savings Account in KL & Selangor so that you can find the perfect one for your needs!

1. RHB Bonus Saver Account

The RHB Bonus Saver is a savings account that allows you to start saving with an initial deposit of RM500. Monthly step-up interest rates start at 0.25 percent and climb to 2.65 percent per annum in 12 months with an initial deposit of RM500.

You may also do more with your RHB savings account if you bank with RHB. You may send money conveniently and securely locally and internationally through FPX, Interbank GIRO, Instant Transfer, Foreign Telegraphic Transfer, and Western Union.

With their DuitNow app, you may send or receive money using mobile phones. The app also includes a number of other features that allow you to perform financial transactions whenever and wherever you want.

Key Differentiators:

  • Convenient and secure fund transfers are available.
  • Mobile app to make transactions at any time and from anywhere.
  • Bills and arrange bill payments with over 3,000 providers.

2. Alliance SavePlus

Alliance Bank’s Alliance Save Plus is one of the best options in Malaysia for individuals to grow their savings. With a rate of up to 2.25% per year, it’s the greatest way to add money to your account.

They are devoted to assisting you in saving money and waive numerous transaction costs that other banks charge. There is no MEPS withdrawal fee, interbank fund transfer cost, or debit card annual charge with this greatest savings account.

The best thing is that you may open an account with Alliance Bank right now. You can do this on the internet or in person at a branch, and it just takes 15 minutes!

Key Differentiators:

  • No MEPS withdrawal fee
  • No interbank fund transfer fee
  • Quick application online or at one of their branches

3. Maybank2u Savers

Maybank2u Savers account is ideal for people who move around frequently in Malaysia or abroad and can be used at 2,800 Maybank ATMs and foreign ATMs. They offers just a minimal initial deposit and a minimum maintaining balance of RM250.

You may also use various digital platforms to conduct your transactions, such as maybank2u.com.my, M2U Mobile, Kawanku Phone Banking, and ATM and Debit Card. Their website allows you to establish and terminate accounts.

The best savings account in Malaysia offers high, multi-tiered interest rates that are calculated every day and credited monthly when you accumulate RM2,000 in your account.

Key Differentiators:

  • Accessible through 2800 ATMs and international ATMS
  • Online transactions through a variety of platforms
  • Multi-tiered interest rates

4. Citibank AcceleRate Savings Account

  • Key Services: Savings account, Cards, Financing Remittances, Insurance and more.
  • Website: https://www.citibank.com.my/index.htm?icid=MYISUOYENINSUHECI
  • Address: Bukit Tengah Branch 1819-B, Jalan Perusahaan, 13600 Seberang Perai, Penang.
  • Phone: (Kuala Lumpur) 03-2383 0000 (Penang) 04-296 0000 (Johor Bahru) 07-268 0000 (Sabah & Sarawak) 1800-82-1010

Citibank’s AcceleRate Savings Account is one of the most competitive savings accounts in Malaysia, with an interest rate of up to 4.88 percent per annum.

It also allows your savings to compound faster by providing daily and monthly interest credited to your account.

It offers worldwide accessibility while also allowing you to grow your money. You may withdraw funds from over 20,000 Citibank ATMs in 180 countries and across borders at no cost.

Key Differentiators:

  • Global access
  • 20,000 ATMs globally
  • Online banking transactions

5. HSBC Everyday Global Account

  • Key Services: Savings account, Cards, Financing Remittances, Insurance and more.
  • Website: https://www.hsbc.com.my/
  • Address: 1st Floor (South Tower), No 2, Leboh Ampang, Kuala Lumpur, 50100
  • Phone: 1300 88 1388

The HSBC Everyday Global Account is a worldwide account that combines all of the features of other accounts. This fantastic savings account in Malaysia is ideal for frequent flyers or anybody who enjoys online purchasing from foreign vendors.

Users may store, move, and spend money in 11 different currencies. Furthermore, there is no minimum balance or monthly or annual charges to worry about.

They can also be used to buy different financial products such as bonds, and they offer competitive interest rates of up to 2.25% per year, meaning that your savings will increase as well.

Key Differentiators:

  • Global, all-in-one banking
  • Save, transfer, and spend in 11 currencies
  • Everyday rewards locally and internationally

Savings Account KL Selangor 

Whether you’re looking to save a lot of money or just want an easy way to keep track of all your financial transactions, these accounts are sure to work well for you and fulfill any requirements.

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Rachel Tan - FunEmpire

Article by

I'm currently the editor at FunEmpire Media Malaysia. I've over 8 years of experience in the media industry discovering the best local businesses, places and things to do in Malaysia. From lifestyle, entertainment, food, travel, education and more, I strive to curate the very best Malaysia has to offer.