Basic Savings Account

Posted April 22, 2009 - 1:30pm by Siti Zulffa Abu Bakar

Multi-tiered interest rate calculated daily, credited half-yearly

Rate:

from 1.10%

Initial deposit:

RM20.00

Minimum balance:

RM20.00

Eligibility criteria:

Malaysians aged above 1 month (including permanent residents)
Children below 12 years of age, accompanied by a parent or guardian

Detail rate breakdown:

RM1.00 to RM1000.00 -> 0.25%
RM1000.00 to RM5000.00 -> 0.25%
RM5000.00 to RM10000.00 -> 0.25%
RM10000.00 to RM30000.00 -> 0.40%
RM30000.00 to RM50000.00 -> 0.60%
RM50000.00 to RM75000.00 -> 0.80%
RM75000.00 to RM100000.00 -> 1.00%
RM100000.00 onwards -> 1.10%

Financier’s website:

http://www.alliancebank.com.my/basicsavingsaccount_ovw.html