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BankProduct Eligible AgeInitial Deposit Interest Rates (% p.a.)When CreditedWithdrawal OptionsEarly ClosurePA CoverageExtra RewardsATM / CardsFD Interest Rates
(% p.a.)
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< RM50,000RM50,000
-100,000		>RM100,000
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MaybankYIPPIE<18RM13.15% p.a.1.3% p.a.Jun 30 / Dec 31 The F.D. rate (1 month) applies if you only make 1 withdrawal over 6 months [2/year].

Otherwise the interest rate is at Kawanku Savings which hovers around 0.3% to 0.65% for below RM50k savings.		(<3 months) RM21.20
(3-6 months) RM8.48
Max: RM70,000PT3, SPM, STPM, Degree (RM100 to RM500- Open and maintain RM1000 balance during exam year until submission for award- for degree, account must be open before 18 years oldUnclearMin RM5000 for 1 month;
RM500 for >2 months.

3.15 (1 month)
3.35 (12 months)
3.60 (60 months)
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imteen12-18RM50Max: RM30,000ATM card, RM500/day limit
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Public BankWISE<18RM1 (min:RM20)3%-3.2%0.53-0.56%15th every month6 withdrawals over 6 month period; RM2.12 fee applied on the 7th withdrawal onwards.

Additional 5% interest on monthly interest if no withdrawals		(<6 months) RM21.20--Yes for >12 years oldMin RM5000 for 1 month;
RM1000 for >2 months
[The PB eFD lets you apply, manage and withdraw FD entirely online. Min: RM1000]

3.20 (1 month)
3.35 (12 months)
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BRIGHT STAR<18RM503.15%-3.2%0.45%MonthlyEnquire at counter-UPSR, PT3, SPM (RM50 TO RM200); require RM500 balanceUnclear
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YOUNG ACHIEVERS12-18RM5003.15%-3.2%0.45%End of the monthEnquire at counter--Yes for >12 years old
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RHBEASY-JUNIOR<18RM503.20%3.20%1.25%UnclearNo withdrawal +0.1%
Additional deposits (up to 0.4%)		(<6 months) RM20Max: RM20,000
Med Expenses:
RM1000 / year		-UnclearMin RM5000 for 1 month;
RM500 for >2 months

3.20 (1 month)
3.35 (12 months)
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HLBJUNIOR SAVINGS<18RM13.05%0.75%Monthly1 FREE over the counter withdrawal; RM2.12 per subsequent withdrawal(<3 months) RM20--UnclearMin RM5000 for 1 month;
RM500 for >2 months

3.05 (1 month)
3.15 (12 months)
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3-in-1 JUNIOR<18RM12.75%1.05%MonthlyEnquire at counter--Debit Card (RM8 fee), auto reload in multiples of RM50; Max: RM500/mth


Can enroll standing instructions to Junior FD sums of up to RM5000 (RM1k per time) directly from Savings
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Affin Bank
JUNIOR SAVER<18RM13.25%2.50%2.90%UnclearEnquire at counter(<6 months) RM30Max: RM70,000-
Passbook only
Min RM5000 for 1 month;
RM500 for >2 months

3.25 (1 month)
4.05 (12 months)
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CIMBJUNIOR SAVERS<12RM1003.20%0.95%1.45%Unclear1 over the counter withdrawal per month(<3 months) RM20
(3-6 months) RM10.60		-Junior Points Rewards, to redeem gifts.
Passbook only; linked to parents CIMB Clicks ID
Min RM5000 for 1 month;
RM1000 for >2 months

3.20 (1 month)
3.35 (12 months)
3.65 (60 months)
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Ambank
AMGENIUS<18RM12.95%1%Unclear1 over the counter withdrawal per month(<6 months) RM20--UnclearMin RM5000 for 1 month;
RM500 for >2 months

3.15 (1 month)
3.35 (12 months)
3.40 (60 months)
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UOBFUNSAVERS<18RM12.95%0.35%UnclearEnquire at counter(<3 months) RM21.20--
Passbook only
Min RM5000 for 1 month;
RM500 for >2 months

2.95% (1 month)
3.15% (12 months)
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OCBCYOUNG SAVERS<17RM5002.90%0.30%Jun 30 / Dec 31No fee or limit on OTC withdrawals

Additional 5% interest on yearly interest if no withdrawals for 12 months		(<3 months) RM20-
UPSR, PT3, SPM
(RM50 - RM150)
Acct open 1 year prior
No ATM card, but can tag account to parent’s ATM cardMin RM5000 for 1 month;
RM1000 for >2 months

2.90% (1 month)
3.25% (12 months)
3.35% (60 months)
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Note: Prepared in March 2018. Figures may change in the future. Check with the banks for the most recent rates, terms and conditions.
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Check out the full post at Mumsgatherfinds. See you there.
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