Savings Account

RHB Junior Savings Account

It just takes RM1 to create a brighter future for your child. Open an account today to help them realise their ambitions.


Highlights and Benefits

High Interest Rate

Attractive interest rate as high as 1-month fixed deposits rate for balances up to RM50,000.

Accident Coverage

Complimentary Personal Accident Insurance up to RM50,000 coverage subject to minimum account balance of RM500.

Low Deposit

Make a low initial deposit of just RM1 to get started.

RHB Debit Card

Debit Card is available for individuals aged 12 years and above.

RHB Online Banking

Enjoy a world of banking features and solutions anytime, anywhere. (Only applicable for parent or legal guardian to view the Junior Savings Account balance)

No Maximum Placement

Eligible for RHB Premier customers with children below 18 years old only.

Preferred Debit Card

RHB Visa Debit Card

RHB Visa Debit Card


Cashback
0.5% on overseas transaction

Benefits

  • Enjoy contactless function.
  • Able to use the card for online / overseas function. However, customer need to opt on for this function.
  • Easy to apply as no minimum income is required.
  • Able to withdraw cash at any MEPS nationwide & the limit is up to RM10,000.
  • Applicable for Minor account age 12 to below 18 years or minor who open joint account with parent/ guardian aged 18 years and above
  • The daily defaulted limit for ATM, retail spend (EMV) and MyDebit (Epos) is RM200 respectively

Rates

With effect from 25 August 2023
Subject
Column 1
Column 2
Range (RM) Up to
50,000
Above
50,000
Rates (p.a) 2.40% 0.55%
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Interest is calculated daily and credited half yearly.

Eligibility

Residents and
Non-Residents

For Trust Account:

Individuals aged 30 days to 12 years (opened with parents or legal guardian aged 18 years and above)

For Minor Account:

Individuals aged 12 to 18 years (accompanied by parents or legal guardian aged 18 years and above)

For Joint Account:

Individuals aged 12 to 18 years (opened with parents or legal guardian aged 18 years and above)

Junior account holder is the primary account holder.

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RHB Junior Savings Account

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