AmBank AmGenius Junior Savings Account Review

AmBank AmGenius – good rate 3.00% p.a. with free PA insurance 
Drawback: limited branch network, low rate of 1.00% p.a. on balances above RM50k

Interest Rate:
below RM50,000 : 3.00% p.a.
above RM50,000 : 1.00% p.a.
Interest Credited: monthly
Age of Child: under 18 years
Minimum Amount: RM1 (but save > RM300 for coin box)
Withdrawal Restrictions: 1x per month
Account Closing Fees: RM20 if closed within 6 months of opening
Bonus Features: Free Personal Accident insurance
Freebies: Coin box (with minimum RM300 deposit)
 
Go To AmBank
AmBank’s AmGenius probably comes below Maybank’s Yippie-i, as it has a lower PA insurance coverage, (very) slightly lower rate, as well as no cash awards for exam performance.

Consider this account after maxing out on RHB and Maybank (ie if you have more than RM150,000 to save for your child).

 

Not what you are looking for, or looking for the top child / junior savings accounts in Malaysia? See our constantly updated Best Child / Junior Savings Accounts in Malaysia.

  • Share This Article :
    0
    0
    0
  • Discuss This Article :
    0

Related Stories

Comments