Is the GXBank Savings PIDM-insured?

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

GXBank Savings

Q: What is the interest rate on the GXBank Savings?

The GXBank Savings pays a base rate of 2% p.a., up to 3.7% p.a. with bonus tiers. 2.00% p.a. daily interest on Main Account and Savings Pockets (effective 1 Oct 2024). Bonus Pocket adds bonus interest on top of the 2.00% base: 3.18% p.a. total for 3-month tenure or 3.70% p.a. total for 6-month tenure (inclusive of base), on savings up to RM50,000; bonus paid on tenure completion. Promotional campaigns (e.g. 4.00% p.a. 3-month Bonus Pocket for 2nd anniversary) have applied at times. Interest calculated daily on end-of-day balance and credited daily. Verified 4 Sept 2026 against the official GXBank website.

GXBank · Malaysia · Verified 4 Sept 2026

BASE RATE

2% p.a.

MAX RATE (ALL TIERS)

3.7% p.a.

BALANCE CAP

RM50,000 for Bonus Pocket (max RM12,500 per pocket, up to 4 pockets); no cap on Main Account/Savings Pockets

■ 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 to activate account

Monthly fee RM0 (no monthly fees; RM0 account closure, statements, intrabank and DuitNow transfers)

HOW THE RATE WORKS

2.00% p.a. daily interest on Main Account and Savings Pockets (effective 1 Oct 2024). Bonus Pocket adds bonus interest on top of the 2.00% base: 3.18% p.a. total for 3-month tenure or 3.70% p.a. total for 6-month tenure (inclusive of base), on savings up to RM50,000; bonus paid on tenure completion. Promotional campaigns (e.g. 4.00% p.a. 3-month Bonus Pocket for 2nd anniversary) have applied at times. Interest calculated daily on end-of-day balance and credited daily.

SOURCE

https://gxbank.my/savings-account

GXBank official savings account page: '2% p.a. daily interest. No minimum balance. No limits. No lock in periods.' Daily Interest Rate table: Main Account 2.00% p.a., Savings Pocket(s) 2.00% p.a., effective 1 Oct 2024. PIDM member statement on page. Bonus Pocket rates cross-checked on https://gxbank.my/bonus-pocket (3.18% 3-month / 3.70% 6-month, inclusive of 2.00% base, up to RM50,000).

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