Basic Savings Account

Basic Savings Account

A savings account that offers you basic banking services at minimal cost. It’s open to all individual Malaysian citizens and permanent residents.

Here's what Basic Savings Account offers you:
  • Ease of opening an account for individuals (personal or joint) with an initial deposit of just RM20.
  • Minimum balance to be maintained at any one time is RM20.
  • Interest is calculated daily and credited half yearly as at 30 June and 31 December every year.
  • Easy access to your account through any Public Bank branches, ATM or PBe.
  • Other FREE services offered:
    - Cheques and cash deposits via deposit machines.
    - Account enquiries and fund transfers within the Bank via ATM, internet banking and mobile banking.
    - Bill payments via internet banking and mobile banking.
Basic Savings Account
  • Option 1 – Waiver of annual fee for Debit Card
    • Free 6 over-the-counter (OTC) visits per month.
    • Free 8 ATM cash withdrawals per month.
    • The first 2 Interbank GIRO transactions via OTC in a month at a fee of RM0.50 per transaction and RM2.00 per transaction for third transaction onwards.
  • Option 2 – Annual Fee of RM 8.00 for Debit Card
    • Unlimited ATM cash withdrawals and OTC transactions.
    • The first 2 Interbank GIRO transactions via OTC in a month at a fee of RM0.50 per transaction and RM2.00 per transaction for third transaction onwards.
Basic 55 Savings Account
  • Aged 55 years old and above (for joint account, one of the depositors must be aged 55 years old and above).
  • Free 16 over-the-counter visits per month.
  • No Debit card will be issued under this account.
Eligible for protection by PIDM.

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Fees and Charges
Terms and Conditions [Bahasa Malaysia] [English] [中文]