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Links
  List of banking institutions in Malaysia
  Bank Negara Malaysia
  BNM LINK
  Insuranceinfo
  Duitsaku
  FMB
  AKPK
  Credit Bureau
  ABM
  PIDM

 
  Select one of the following to know more:  
 
 
Your Loans
Hire Purchase
Housing
SME Financing
Your Cards
Credit Cards
Charge Cards
Your Accounts
Current Account
BSA & BCA
Savings Account
 
 
A savings account enables you to save or deposit your money into an account and receive certain interest rate with no stated maturity. Available in all the banking institutions in Malaysia, it pays daily interest on your balance and is normally credited to your account every month.
 
 
     
   
  Different banking institutions offer different forms of savings account to cater to your different needs. Some of these accounts may be subject to fees and charges. Also, banking institutions may charge you if you close your account within short period after you have opened the account.

Where ATM facility is concerned, the charges also vary amongst banking institutions. Some impose an annual fee with unlimited transactions allowed while others may impose a fee after you have exceeded a certain number of transactions. So, before you open any account, find out more about the fees and charges applicable to the account to minimise your cost. Consider your needs and the type of account that can cater for it. You can obtain the list of fees and charges imposed by the banking institutions at their banking hall as well as at their respective websites.
 
     
     
   
  As ATM card enables access to your account, you must protect it from loss or unauthorised access to your account. Below are some security measures you can take in safekeeping your card:  
     
 

Keep your ATM in a safe place, preferably the same place so that you will notice it when it is not there.
   

Do not leave your ATM card around where others can see, even
at home.
   

Never write down your PIN anywhere. Memorise it if possible and destroy any notification of PIN received from your banking institution.
   
Never reveal your PIN to anyone.
   

Do not respond to any request allegedly from your banking institution for your PIN. Never give any information about your ATM card or PIN over the phone. This may be a financial scam.
   

Notify your banking institution immediately if your card is missing or stolen.
 
 
     
     
   
  With effect from 16 October 2008, all your ringgit and foreign currency deposits with any commercial, Islamic and investment banks, and deposit taking development financial institutions regulated by Bank Negara Malaysia, will be fully guaranteed by the Government through Perbadanan Insurans Deposit Malaysia (PIDM) until December 2010.

Perbadanan Insurans Deposit Malaysia (PIDM) is a statutory body established under Akta Perbadanan Insurans Deposit Malaysia 2005. No application is required for deposit insurance coverage and the premium is paid by financial institutions concerned.
 
     
 
To find out more about the deposit insurance system, you can:
 

Call PIDM’s toll-free information line 1-800-88-1266 from 8.30 a.m.
to 5.30 p.m. on Monday to Friday (excluding public holidays)
 
Email to info@pidm.gov.my
   
Visit PIDM’s website
   

Get a copy of PIDM’s public information leaflet from your nearest member institution branch
 
 
     
     
   
  Where there has been no transaction (either withdrawal or deposit) in the account for a period of seven years, the account will be classified as unclaimed moneys. Under the Unclaimed Moneys Act 1965, such funds will be transferred to the Registrar of Unclaimed Moneys. Prior to the funds being transferred, banking institutions will send notices requesting the customers concerned to reactivate or close their accounts.

The owner of the unclaimed moneys may recover the moneys from the Registrar either in person or in writing. The address of the Registrar is as follows:
 
     
  Registrar of Unclaimed Moneys
Jabatan Akauntan Negara
Tingkat 42, Menara Maybank
100, Jalan Tun Razak
50050 Kuala Lumpur.