Is the Savings-i Account PIDM-insured?

Yes. The Savings-i Account is PIDM-insured up to RM250,000 per depositor per member bank.

Savings-i Account

Q: What is the interest rate on the Savings-i Account?

The Savings-i Account pays a base rate of 1% p.a., up to 1.25% p.a. with bonus tiers. Tawarruq profit rates: 0.00% (RM0-999), 1.00% (RM1,000-99,999), 1.25% (RM100,000+). Historical Qard hibah rates identical tiers (previous rates, not indicative). No transaction conditions - tiered by balance only. Verified 4 Sept 2026 against the official Bank Rakyat website.

Bank Rakyat · Malaysia · Verified 4 Sept 2026

BASE RATE

1% p.a.

MAX RATE (ALL TIERS)

1.25% p.a.

BALANCE CAP

None

■ BONUS TIER REQUIREMENTS

Salary credit NOT REQUIRED

Card spend NOT REQUIRED

Bill payments (JomPAY / standing instruction) NOT REQUIRED

Insurance / investments via bank NOT REQUIRED

PIDM insured YES — RM250,000 per depositor per member bank

Minimum balance RM20 initial deposit

HOW THE RATE WORKS

Tawarruq profit rates: 0.00% (RM0-999), 1.00% (RM1,000-99,999), 1.25% (RM100,000+). Historical Qard hibah rates identical tiers (previous rates, not indicative). No transaction conditions - tiered by balance only.

SOURCE

https://www.bankrakyat.com.my/portal-main/article/savings-i-account

Bank Rakyat official Savings-i Account page - Profit Rates (Tawarruq) and Historical Hibah tables

Verified 4 Sept 2026. Rates change — always confirm on the official site.