Is the Boost Bank Savings PIDM-insured?

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

Boost Bank Savings

Q: What is the interest rate on the Boost Bank Savings?

The Boost Bank Savings pays a base rate of 2.5% p.a., up to 4% p.a. with bonus tiers. Savings Account earns 2.5% p.a. daily interest; Savings Jars earn 3% p.a. daily interest (up to 8 Jars); Special Jars earn up to 3.3% p.a. (e.g. Hello 2026 Jar, Unlimited Jar, Protect Jar) and BoostUP Jar earns 4% p.a. daily interest when spending min RM500/month with Boost Wallet (campaign 17 Nov 2025–17 Nov 2026). Special Jar promotional rate applies in Month 1-2 after unlocking; must repeat qualifying transaction monthly to keep it. Interest computed daily on end-of-day balance and paid daily. Verified 4 Sept 2026 against the official Boost Bank website.

Boost Bank · Malaysia · Verified 4 Sept 2026

BASE RATE

2.5% p.a.

MAX RATE (ALL TIERS)

4% p.a.

BALANCE CAP

Hello 2026 Jar: savings up to RM100,000; Unlimited Jar: no limits on saving deposits

■ 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 RM1 to open and activate account

Monthly fee RM0 service charge (dormant account charge RM10/year)

HOW THE RATE WORKS

Savings Account earns 2.5% p.a. daily interest; Savings Jars earn 3% p.a. daily interest (up to 8 Jars); Special Jars earn up to 3.3% p.a. (e.g. Hello 2026 Jar, Unlimited Jar, Protect Jar) and BoostUP Jar earns 4% p.a. daily interest when spending min RM500/month with Boost Wallet (campaign 17 Nov 2025–17 Nov 2026). Special Jar promotional rate applies in Month 1-2 after unlocking; must repeat qualifying transaction monthly to keep it. Interest computed daily on end-of-day balance and paid daily.

SOURCE

https://myboostbank.co/savings-account

Boost Bank official savings page: '2.5% p.a. daily interest on your Savings Account', '3% p.a. daily interest on your Savings Jars', open with as low as RM1, no hidden fees, no lock-in. Special Jars page (https://myboostbank.co/special-jars) lists BoostUP Jar 4% p.a. (RM500 monthly Boost Wallet spend) and other jars up to 3.3% p.a. with campaign end dates. PIDM membership per pidm.gov.my member list (Boost Bank Berhad, licensed digital bank).

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