Public Bank Basic Savings Account

publicbank

Public Bank Basic Savings Account is a savings plan that allows you to access banking services and facilities at a minimal cost. This savings plan is open to all Malaysian permanent residents.

Benefits

 

  • Easy for you to open a personal or joint savings account with an initial minimum deposit of as low as RM20
  • You only need to maintain a minimum balance of RM20 as your minimum balance requirement
  • You will be provided with a free bank savings passbook to keep track of your savings
  • The interest in this Public Bank Basic Savings Account plan is calculated on a daily basis and it is credited to your account on a half year basis
  • The first deposit will be on 30th of June and 31st of December every year
  • You will still earn interest regardless of the amount in your account balance
  • It is easy to access your bank account through any of the Public Bank branches, ATMs and PBe
  • There are also other free services that you can benefit from including cheques and cash deposits through deposit machines, account enquiries and fund transfers using the ATMs, online internet banking and mobile banking and pay your bills easily and conveniently using online internet banking and mobile banking
  • Your savings account is eligible for protection by Perbadanan Insurans Deposit Malaysia (PIDM)

Types of Public Bank Basic Savings Account

There are two types of Public Bank Basic Savings Account and they are known as Basic Savings Account and Basic 55 Savings Account. The Basic Savings Account offers a waiver of the annual fee for your ATM card, gives you free 6 over-the-counter visits on a monthly basis and free 8 cash withdrawals from ATMs on a monthly basis. The Basic 55 Savings Account is for individuals aged 55 years old and above or at least of the individuals in the joint deposit account has to be 55 years old and above. You will get free 16 over-the-counter visits on a monthly basis but no ATM card will be given to you if you choose this savings plan.

Additional Fees

 

  • There will be an additional RM1.06 inclusive of 6% GST withdrawal fee if you withdraw your money from any of the ATM machines with MEPS Logo
  • There will be an additional RM4.24 inclusive of 6% GST withdrawal fee if you withdraw your money from any of the ATM machines with HOUSe logo
  • There will be an additional RM12.72 inclusive of 6% GST withdrawal fee if you withdraw your money from overseas
  • There will be an additional RM10.60 inclusive of 6% GST for early closure
  • There will be an additional fee of RM1 on your next over-the-counter visit after you have exhausted all your free over-the-counter visits and this fee is applied similarly to your next ATM withdrawal after you have exhausted all your free ATM withdrawals limit

Interest Rates

 

  • 0.25% per annum for savings accounts with a minimum amount of RM 20 to a maximum amount of RM30000
  • 0.35% per annum for savings accounts with a minimum amount of RM 30001 to a maximum amount of RM50000
  • 0.4% per annum for savings accounts with a minimum amount of RM 50001 to a maximum amount of RM75000
  • 0.5% per annum for savings accounts with a minimum amount of RM75001 to a maximum amount of RM100000
  • 0.6% per annum for savings accounts with a minimum amount of RM100001 and above

Other Banking Facilities

You can do your banking online through Public Bank’s smartphone app that is available on Google Play Store and Apple Store. As an alternative, phone banking is also available for these Public Bank Basic Savings Account plans.

 

 

Public Bank 50 PLUS Savings Account

publicbank

Public Bank 50 PLUS Savings Account is a bank savings account that is designed and catered towards senior citizens. The objective of this Public Bank 50 PLUS Savings Account plan is to offer these senior citizens greater security, making them comfortable and offering them decent returns in their golden years. Public Bank 50 PLUS Savings is a suitable savings plan to be used as your retirement fund.

Benefits

 

  • Easy for individuals aged 50 years old and above to open an account and if you are making a joint deposit account, one of the individuals in that account have to be at least 50 years old and above
  • It offers decent returns based on the interest that are calculated on a basis of multi-tier flat rate and this interest is then compounded and credited to your account on a monthly basis at the end of the month
  • It is easy and convenient to open a Public Bank 50 PLUS Savings Account without the need of having an introducer
  • You will also benefit from additional savings as Public Bank will waive the service charge on your account
  • You will also get different discounts on selected insurance products related to Lonpac Insurance Berhad and many other discounts too
  • There will be a priority service for senior citizens to access Special Care Counters so you can do your banking conveniently without going through the long wait and queues
  • It will only cost you RM2,000 in order to successfully open a Public Bank 50 PLUS Savings Account
  • You only need a maintain a limit as low as RM20 on a monthly basis as your minimum monthly requirement
  • It is easy to access your savings account through any of the Public Bank branches, ATMs and PBe
  • Your savings account is eligible for protection by Perbadanan Insurans Deposit Malaysia (PIDM)

Additional Fees

 

  • There will be an additional RM1.06 inclusive of 6% GST withdrawal fee if you withdraw your money from any of the ATM machines with MEPS Logo
  • There will be an additional RM4.24 inclusive of 6% GST withdrawal fee if you withdraw your money from any of the ATM machines with HOUSe logo
  • There will be an additional RM12.72 inclusive of 6% GST withdrawal fee if you withdraw your money from overseas
  • There will be an additional RM10.60 inclusive of 6% GST for early closure

 

Interest Rates

 

  • 0.1% per annum for savings accounts with a minimum amount of RM 20 to a maximum amount of RM1000
  • 0.2% per annum for savings accounts with a minimum amount of RM 1001 to a maximum amount of RM10000
  • 0.6% per annum for savings accounts with a minimum amount of RM10001 to a maximum amount of RM50000
  • 0.9% per annum for savings accounts with a minimum amount of RM50001 to a maximum amount of RM100000
  • 1.46% per annum for savings accounts with a minimum amount of RM100001 and above

Other Banking Facilities

You can do your banking online through Public Bank’s smartphone app that is available on Google Play Store and Apple Store. As an alternative, phone banking is also available for this Public Bank 50 PLUS Savings Account plan.

 

 

RHB Easy Loan

RHB Banking Group strengthens its service when they introduced easy banking concept called ‘Easy’ for its branches. It could be used for daily banking operation and every operation through this system take at least 8 minutes to process. Whereas customers have to manage their activities using application form as usual, the Easy RHB only needs the customers’ MyKad. The Easy concept provides personal loan products, savings and insurance services with an offer for the Amanah Saham Nasional Berhad (ASB) savings and Employees Provident Fund (EPF) kiosk.

easy-rhb

Easy-Express Loan is a convenience personal loan without any collateral where interest will be charged upfront to the amount of loans approved and interest will be calculated in advanced for the entire tenure based on the “Rule of 78” (Rule 78 is a concept or a method of calculating the principle rate (total amount) and interest where interest will be in a greater percentage at the early stage of monthly instalment payment period). Moreover, the loan has a maximum tenure up to 5 years for government employees, employees of private sector organizations or self-employed individuals.

Interest Rates

The interest rates of RHB Easy starts from 8.31% p.a to 13.47%. The this vary based on income of the applicant, amount of financing and tenure of financing. Basically you can enjoy better interest rates when you have higher salary and borrow larger amount over longer period of time.

Features

  1. The minimum total loan amount for Easy RHB is RM2,000 while the maximum total amount is RM50,000. This would depends very much on approval
  2. The minimum loan tenure for Easy RHB is 12 months (1 year) while the maximum loan tenure is 60 months (5 years).
  3. Interest rate increased gradually with the effective rate between 21% up to 24% per year.
  4. Customers is advised to take an ‘insurance coverage’ or takaful. They will also be given a choice to take it with the bank or others agency, as long as they have a protection.
  5. Late payment penalties: 1% per year to the amount of outstanding instalment from the last date of payment until the date of the settlement.
  6. Minimum lowest installment of RM 78.01 per month

Eligibility

This loan is available for Malaysian citizen only, aged between 21 to 55 years old, and have a total personal income not less than RM18,000 per year or RM1,500 per month.

Document

For salaried workers;

  1. A copy of MyKad (front and back)
  2. Payslip or salary statements
  3. Updated bank statements
  4. EPF statements

For self-employed workers;

  1. A copy of MyKad (front and back)
  2. Business or company registration certificate
  3. Bank statements for the last 6 months that shown the income of business or company.
  4. Latest B or BE form together with payment or receipt confirmation slip from Domestic Institution (LHDN)

Benefit

  1. No guarantor and collateral required.
  2. No processing fee.
  3. Stamp duty: 0.5% from the loan amount approved will be deducted from the finance.
  4. Early repayment penalties: RM200.00 needed to be paid in the event when the loan repayment is fully completed within the first 6 months from the date of approval or payment had been made in some part. If repayment had been made full or part before the fine-out period (first 6 months), interest rate will be recalculated based on the fixed interest rate and will be charges based on the amount of the finance approved (calculation method of the interest rate is based on “Rule 78”).

Repayment Table

Easy Pinjaman Ekspres