WISE SAVINGS ACCOUNT
Saving is a good habit and WISE aims to instill in your child the Wisdom In Saving Early. It's open to all children below 18. Not only is it easy to get started, we've also put in special features to give your child more encouragement to save. So get your child to start saving today with WISE.
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Here's what WISE Savings offers your child:
- Ease of opening an account for individuals (resident and non-resident) below the age of 18 years with as little as RM1.
- Minimum balance to be maintained at any one time is only RM1.
- High interest rates, compounded daily and credited monthly on the 15th of each month. The more you save, the more interest you earn!
- Interest is payable on all balances.
- A bonus monthly interest of 5% on monthly interest earned if no withdrawals are made during the month.
- Encouragement of the saving habit, as only 6 withdrawals are allowed over a 6-month period. A fee will be levied for every withdrawal above this limit.
- ATM cards that will be issued to account holders 12 years old and above.
Eligible for protection by PIDM.
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- Latest interest rates
- Fees and Charges
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