4 Junior Saving Account by Affin, Maybank, AmBank and RHB [Comparison]

Updated: September 5, 2018 / Home » Financial Plan » Banking

Nowadays, there are many banks that provide Junior Saving Account for children who are less than 18 years old. My mother told me before; children are never too young to learn how to save their money, especially after getting AngPow during Chinese New Year.

As parents, you can start saving your children’s money with a high interest saving account. In fact, the Junior Saving Account’s interest is as high as Fixed Deposit account. That’s too great!

Most of the bank including Maybank, AmBank and RHB Bank is giving 2.95% – 3.25% interest rate for this type of saving account.

RHB Junior Savings

I’m preparing a table to compare Junior Saving Account by Affin Bank, May Bank, Ambank and RHB.

Deposit Range (RM)AffinBankMaybankAmBankRHB
Junior SaverYippie Savings AccountAmGenius Savings AccountJunior Savings Account
RM 1 -
RM 999
3.25%3.15%2.95%3.20%
RM 1,000 -
RM 4,999
3.25%3.15%2.95%3.20%
RM 5,000 -
RM 19,999
3.25%3.15%2.95%3.20%
RM 20,000 -
RM 49,999
3.25%3.15%2.95%3.20%
RM 50,000 -
RM 99,999
2.50%1.30%1.00%3.20%
RM 100,000 -
RM 499,999
2.90%1.30%1.00%1.25%
RM 500,000 -
RM 999,999
3.05%1.30%1.00%1.25%
RM1,000,000
and above
3.33%1.30%1.00%1.25%
SourceAffin Bank RatesMaybank RatesAmbank RatesRHB Bank Rates
RELATED  【大马报税需知】纳税人税率 (Kadar Cukai) 及如何计算税金方式

Update: Feb 2018

After I have done this research, I found some great things to share with you. Most of the bank is paying interest as high as ordinary fixed deposit, so we should encourage our children to learn saving money as young as possible.

LiangLiang writes about Saving, Blogging, and Investment, enjoys cooking and discovering everything new. Oh yes, she is a pretty and smart girl too.

5 comments on “4 Junior Saving Account by Affin, Maybank, AmBank and RHB [Comparison]

  1. lee yu han [ Reply ]

    can maybank yippie saving account withdraw money?

  2. 亲,我想问junior saving account 和
    大人小孩联名户口有什么不同吗?
    能不能向你索取各银行利息率的比较图?

    • MisterLeaf [ Reply ]

      Junior Saving Account 是18岁以下孩童的储蓄户口,一般都与父亲或母亲联名。我不确定您和孩子的联名的户口是哪一种,您需要询问有关银行。

  3. TIE CHUI PING [ Reply ]

    Hi, can you do more comparison including other bank available in Malaysia? Thanks!

    • MisterLeaf [ Reply ]

      We will try our best. Thanks for support.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.