4 Gold Investment Account by CIMB, Maybank, PB and UOB [Comparison]

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Previously, I told you all that there are two main types of gold investment? Do you all still remember how to buy gold?

Yes, paper gold (Gold Investment Account) and physical gold. We can go any bank to ask about the gold account or gold saving account. Buy 5 grams or 10 grams and get some experience. You can try to get some gold coins like Kijang Emas from Maybank too.

Maybank Gold Coin

What’s the best gold investment account in Malaysia? I have studied the Gold account from Maybank, Public Bank, CIMB and UOB.

  • CIMB Bank Gold Deposit Account (GDA)
  • Maybank Gold Saving Passbook Account (GSPA)
  • Public Bank the Gold Investment Account (GIA)
  • UOB the Gold Saving Account (GSA)

Gold Account Camparison:

AccountCIMB BankMaybankPublic BankUOB
Min Initial Deposit1 grams1 grams5 grams20 grams
Min Subsequent
1 gram &
multiple of 1 gram
in multiple of 1 gram1 grams &
multiple of 1 gram
Multiple of 5 grams
Min Balance1 gram1 gram2 grams10 grams
Cash WithdrawalYesYesYesYes
Physical Gold
Charge on
Physical Withdrawal
based on the Bank’s prevailing gold BUYING price quoted in RM per grambased on the Bank’s prevailing gold BUYING price quoted in RM per grambased on the Bank’s prevailing gold BUYING price quoted in RM per gramDifferential between physical gold price and PGA/GSA price + processing fee
Annual FeesRM5 if year end balance <10 gramsUnknownRM10 if year end balance <10 gramsRM2 if month end balance <10 grams
Price Spread
per gram*
~ RM 5.60 (4.3%)~ RM5.29 (4.03%)~RM5.61 (4.3%)~ RM2.10 (1.5%)
Selling Buying PricesCIMBMaybankPublic BankUOB
WebsiteCIMB Bank WebMaybank WebsitePublic Bank WebUOB Website

2nd update: 4 June 2012
3rd update: 24 August 2012
4th update: 7 December 2013
5th update: 15 July 2015
6th update: 31 July 2015

How to choose the best gold account? From the chart, we know that the price spread per gram of UOB Gold Saving Account just RM2.10 (1.5%), the least among the four banks.

Price Spread per gram = Buying Price – Selling Price

Awesome Facebook Comments

12 Awesome Blog Comments

  1. Maxloon120 June 7, 2012 at 3:39 pm - Reply

    Obviously UOB is better, but i go for Maybank.

  2. Mister Leaf June 7, 2012 at 9:13 pm - Reply

    Oh, why you choose Maybank? The “Price Spread per gram” is highest among banks in Malaysia.

  3. Nicholas July 2, 2012 at 12:13 pm - Reply

    may i know uob got provide internet service for gold acc?

  4. xueen December 17, 2013 at 5:02 am - Reply

    can i know how to see the buying price and selling price?

    • MisterLeaf December 18, 2013 at 8:40 am - Reply

      You can click the link in the table. Example, click the Buying Selling Prices column of each bank.

  5. theresa April 5, 2015 at 6:35 pm - Reply

    hi there
    just wanna ask you if you have compare the buy/sell rate between PBB and CIMB on the same date?

  6. ying June 23, 2015 at 5:56 pm - Reply

    can i know the advantage of UOB golden investment compare with other bank?

    • BrianTan1979 September 15, 2015 at 2:15 am - Reply

      UOB have the lowest price spread of RM 2++ which means that you only need to wait for a price increase of RM 2++ before you make a profit.

      I am using UOB gold savings and so far, it haven’t failed me. I managed to transact and make profits even when it is not possible to do so with other banks.

      On the other hand, UOB branches are not that common compared to the other banks and you need to go to the counter to perform the transactions. Online transactions for gold are not available for the common folk.

  7. Kin July 27, 2015 at 3:31 am - Reply

    do we have a chart that showing how was the paper gold price over the recent years (or months)?
    for example, chart that shows Maybank paper gold price from January to June 2015??

  8. MisterLeaf July 27, 2015 at 12:47 pm - Reply

    kin, we have prepared the chart that show the gold price history chart from Maybank, CIMB, UOB and Public Bank: http://www.misterleaf.com/2621/how-check-bank-gold-price/

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