Malaysia Best High-interest Savings Account [June 2025]

When it comes to managing your savings, the balance between liquidity and returns is crucial. Fixed deposits often offer higher returns but they lack liquidity, tying up your money for a set period. Conventional savings accounts, on the other hand, provide easy access to your funds but with much lower interest rates, usually not exceeding 1%.

Enter high-interest savings accounts, which strike a balance between the two. These accounts offer attractive interest rates, sometimes up to 6% per annum, without compromising on accessibility.

While some conditions might apply to unlock these high rates, they still provide significantly better returns compared to standard savings accounts. This makes them a compelling option for those looking to grow their savings while maintaining liquidity.

Here’s a look at some of the best high-interest savings accounts in Malaysia for June 2025, designed to help you maximise your earnings without locking up your funds.

What exactly are high-interest savings accounts?

High-interest savings accounts stand out primarily due to their attractive interest rates compared to regular savings accounts. These accounts are ideal for cautious savers, offering better returns without the risk linked to stocks or bonds.

They serve as a secure option to preserve and incrementally increase your capital, making them perfect for long-term savings, emergency funds, major life milestones, or retirement planning.

However, these accounts often come with certain conditions such as minimum balance requirements, transaction limits, or the need to link with other financial products within the same bank to unlock the highest rates.

Despite these stipulations, the benefit of higher earnings makes these accounts a worthwhile consideration for many.

Overview of high-interest savings accounts in Malaysia

UOB Malaysia

United Overseas Bank (Malaysia) Bhd is the Malaysian subsidiary of Singapore-based UOB Group, one of Southeast Asia’s leading banks. UOB Malaysia was established in 1993 following the acquisition of Chung Khiaw Bank. Today, it operates as a full-service bank offering retail, corporate, and investment banking services, as well as Islamic banking through UOB Islamic Bank Berhad. 

UOB is well-regarded for its strong credit standing, conservative risk profile, and digital banking innovations. With a network of over 40 branches nationwide, UOB Malaysia targets affluent individuals and SMEs, and is known for structured wealth management, credit cards, and loan products. The bank also offers tiered high-interest savings accounts, such as the UOB One and Stash Accounts, aimed at digitally savvy savers looking for better returns on liquid cash.

UOB One Account

The UOB One Account offers tiered interest rates of up to 6.00% p.a. for balances up to RM200,000. You can earn up to 2.00% for the first RM 50,000; up to 4.00% for the next RM 150,000; and up to 3.78% for any amount above RM200,000 by performing any of the 2 actions below:

• Credit a minimum of RM2,000 salary every month
• Spend at least RM2,000 each month using your eligible UOB debit or credit cards.
• Pay 3 bills of minimum RM50 each via UOB TMRW app or Personal Internet Banking (PIB) every month.
• Have a combined minimum spending of RM500 with any of your eligible UOB Debit or Credit Cards every month.
• Make 3 direct debit
payments (minimum RM50
each) every month

Source: UOB

UOB Stash Account

The UOB Stash Account offers tiered interest rates based on your account balance, with a base rate of 0.05% p.a. For balances up to RM200,000, you can earn up to 3.20% p.a. by maintaining or increasing your monthly average balance. The interest rates are as follows:

• First RM25,000: 0.05%
• Next RM25,000: 1.05%
• Next RM50,000: 2.55%
• Next RM100,000: 3.20%
• Above RM200,000: 1.60%

To enjoy bonus interest rates and maximise returns, you need to maintain the monthly average balance.

Source: UOB

Standard Chartered

Standard Chartered Bank Malaysia Berhad is the oldest foreign bank in Malaysia, with roots dating back to 1875. It is a subsidiary of UK-based Standard Chartered PLC, a global banking group with deep experience in emerging markets.

The bank serves both retail and corporate clients, offering personal banking, priority banking, Islamic financial services through Standard Chartered Saadiq, and corporate advisory. While it maintains a modest physical footprint of 30+ branches in major cities, it focuses heavily on digital banking and relationship-based financial planning. Its Privilege$aver high-interest savings account has become popular among affluent professionals who seek integrated banking, investing, and spending features. Standard Chartered is often chosen by expats, high-income locals, and multinational firms for its international connectivity and premium service standards.

Standard Chartered Privilege$aver

Standard Chartered's Privilege$aver account offers a total interest rate of up to 6.15% p.a. for balances up to RM100,000 by fulfilling the following requirements:

• Deposit RM3,000 or more
• Spend more than RM500 using Standard Chartered credit card
• Make at least two JomPAY bill payments
• Invest minimum of RM10,000 in eligible products
• Deposit RM3,000 or more in eligible accounts (Exclusively for New Employee Banking clients)

Source: Standard Chartered

RHB Bank

RHB Bank Berhad is one of Malaysia’s leading local banks and the fourth-largest financial services group in the country. Formed through a series of mergers—most notably the consolidation of Kwong Yik Bank and DCB Bank—RHB has built a strong reputation for offering reliable, full-spectrum banking services across retail, SME, and corporate segments.

With over 200 branches nationwide and a growing regional presence, the bank provides a comprehensive range of services including personal banking, Islamic banking through RHB Islamic, and wealth and investment solutions via RHB Investment Bank. RHB’s Smart Account has emerged as a competitive high-interest savings option, rewarding customers for everyday banking behaviours such as saving, spending, and bill payments.

Known for its balanced approach between innovation and relationship banking, RHB appeals to customers seeking solid, trustworthy service with digital convenience.

RHB Smart Account

RHB Smart Account rewards you for saving, spending, and investing transactions with a maximum interest rate of 6.85% for balances up to RM100,000 with some of the more easier requirements:

• Monthly average balance more than RM 1,000. 
• Deposit a minimum amount of RM 2,000 monthly.
• Meet up to a maximum of 3 pillars from Spend min RM1,000; Pay 3 bills of min RM25, Convert from MYR to FCY of min RM3,000; Trade with brokerage fee of min RM100; invest in UT/-i min of RM 10,000; Take up housing loan with min of RM400,000; take up auto loan with min of RM40,000
• Maintain active Joy@Work status

Below is an illustration of how you can earn an impressive 6.85% with RHB Smart.

Source: RHB

OCBC

OCBC Bank (Malaysia) Berhad is a subsidiary of Singapore’s OCBC Bank, one of Asia’s most stable and long-established financial institutions. With more than 80 years in Malaysia, OCBC is licensed locally and operates under OCBC Bank and OCBC Al-Amin for Islamic banking.

The bank offers a wide suite of retail, commercial, and SME banking services, and is known for its strong financial position, customer service, and tech adoption. OCBC caters to diverse customer segments, including affluent clients, with products such as the OCBC 360 and Booster Accounts, both of which provide attractive tiered interest to savings-oriented individuals. The bank’s commitment to sustainable finance and innovation further enhances its appeal to progressive Malaysians.

OCBC 360 Account

The OCBC 360 Account offers a competitive interest rate of up to 3.25% p.a. for balances up to RM100,000 by meeting specific deposit and spending conditions:

• Deposit at least RM 500 every month
• Pay at least 3 bills online every month.
• Spend at least RM500 on your OCBC Credit/Debit Card(s) every month.

Additionally, new customers can benefit from a promotional rate of up to 5% p.a. for the first two months by depositing at least RM3,000 monthly. The OCBC 360’s relatively low requirements make it an attractive choice for consolidating everyday expenses and earning high returns. 

Source: OCBC

OCBC Booster Account

The OCBC Booster Account offers a total interest rate of 3.35% p.a. on a maximum balance of RM50,000 for four months, combining a base interest rate of 2.15% p.a. and a Wealth Bonus interest rate of 1.20%.

• Base interest/profit: Earned on your entire balance when you maintain at least RM30,000.
• Wealth Bonus interest/profit: Applied to the first RM50,000 of your balance for four months, based on qualifying amounts of selected investments or insurance.

Enjoy the promotional Wealth Bonus for four months when you invest in any new eligible wealth product from OCBC of at least:

• Regular Premium Insurance: RM6,000 for the first year annual premium
• Unit Trust Lump Sum Investment: RM20,000

Additionally, new customers can benefit from a promotional rate of up to 4.15% p.a. Where instead of the Wealth Bonus interest rate of 1.20%, you will get 2.00%. This promotion is exclusively for new Booster Account/-i customers during the campaign period from 1 Apr 2025 to 31 Dec 2025.

Source: OCBC

Hong Leong Bank

Hong Leong Bank Berhad is one of Malaysia’s top five domestic banks by assets, operating under the Hong Leong Financial Group. With origins going back to 1905, the bank has evolved into a modern full-service financial institution offering retail banking, business banking, wealth management, and Islamic banking via Hong Leong Islamic Bank.

Hong Leong is known for its prudent management, international expansion, and customer-focused digital platforms. The bank has strong capabilities in mortgage lending, SME financing, and personal banking, and it supports multicurrency accounts, making it attractive to frequent travellers and investors. Its Pay&Save Account stands out for offering bonus interest tied to savings, spending, and stock trading activity.

Hong Leong Pay&Save Account

The Hong Leong Bank Pay&Save Account offers a maximum interest rate of 4.15% p.a. for balances up to RM100,000, with specific conditions:

• Deposit at least RM2,000 in a single transaction monthly for three consecutive months (capped at RM500 per quarter)
• Spend at least RM500 with your debit card monthly (capped at RM30 per month)
• Pay cumulative RM500 bills online every month (capped at RM30 per month)
• Bonus interest of up to 0.90% for successful trades on HLeBroking, Hong Leong Bank’s stockbroking platform.

Additionally, the account supports 12 foreign currencies, making it unique among local bank accounts.

To illustrate how much you would earn if you fulfill all the criteria, along with RM100,000 in account balance and RM100,000 trading in HLeBroking.

Source: Hong Leong Bank

Alliance Bank Malaysia

Alliance Bank Malaysia Berhad is a mid-sized financial services group, known for its focus on SMEs, retail banking, and wealth management. Tracing its origins to various mergers of local institutions, Alliance Bank has developed a reputation for customer service and digital innovation.

It operates across Malaysia through physical branches and online platforms, and also offers Shariah-compliant solutions through its subsidiary, Alliance Islamic Bank. Products like the SavePlus Account provide competitive interest rates for large balances, catering to customers seeking easy-to-maintain savings accounts without the complexity of tiered conditions. The bank has won recognition for its digitally-forward approach, especially among urban, mobile-first users.

Alliance SavePlus Account

The Alliance SavePlus Account has straightforward eligibility requirements but requires a substantial balance for the best rates:

• RM0 - RM20,000: 0.00%
• RM20,001 - RM50,000: 1.20%
• RM50,001 - RM200,000: 1.80%
• RM200,001 - RM500,000: 2.85%
• RM500,001 and above: 3.00%

To earn a more desirable interest rate of 2.85%, maintain an account balance between RM200,001 and RM500,000. Balances over RM500,000 earn 3.00%, though this requires a significant initial deposit. This account is ideal for those looking to deposit large sums of money with minimal hassle.

AmBank

AmBank Group (formerly Arab-Malaysian Bank) is a homegrown financial institution that has been serving Malaysians since 1975. It operates under AMMB Holdings Berhad and provides a comprehensive mix of retail, commercial, and Islamic banking services.

With over 170 branches nationwide, AmBank is widely accessible and offers services including deposits, credit cards, home financing, and insurance. Its Islamic arm, AmBank Islamic, mirrors these offerings under Shariah principles. AmBank is also investing in digital channels and mobile-first solutions like AmOnline. The eFlex savings account is positioned as a flexible high-interest product with low entry barriers, appealing to younger savers and digital natives.

Ambank eFlex

The AmBank eFlex account offers bonus interest to enhance its base rate by maintaining a balance above a certain threshold. Here’s how it works:

• Base Rate: 0.5% p.a. on any end-of-day balance.
• Bonus Interest/Profit Rate: The difference between the prevailing 3-month FD/TD-i rate (currently 2.30%) and the daily accrual interest/profit rate. To qualify, maintain a daily end-of-day balance of at least RM20,000.
• Online Exclusive: Apply via the AmOnline Mobile app.

Enjoy seamless transactions and be prepared for emergencies while earning competitive interest rates on your savings.

Looking for other low risk investment?

High-interest savings accounts offer greater liquidity and good returns, but they often have limits on the interest you can earn and require meeting certain conditions. Fortunately, there are other low-risk investment options worth considering:

Cash Management Solutions

These provide high liquidity and potential for higher yields than traditional fixed deposits by investing in money market funds.

One example is StashAway Simple, offering a projected rate of 3.6% p.a. without locking up your money and no minimum or maximum deposit requirement. 

Flexi Home Loan Account

Allows prepayment of home loans to reduce interest costs while maintaining the ability to withdraw excess payments, blending savings and liquidity effectively.

National Education Savings Scheme (SSPN)

Designed for parents saving for their children's education, SSPN offers competitive dividends backed by the Malaysian government, plus tax relief on contributions.

Amanah Saham Nasional Berhad (ASNB)

ASNB provides a range of funds, for both Malaysian Bumiputera and non-Bumi investors, with competitive returns that can surpass fixed deposits.

The stability and potential higher dividends make it a strong option for dynamic investments.