Is the KAF Digital Bank Savings PIDM-insured?

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

KAF Digital Bank Savings

Q: What is the interest rate on the KAF Digital Bank Savings?

The KAF Digital Bank Savings pays a base rate of 3% p.a., up to 5% p.a. with bonus tiers. Islamic digital bank (Shariah-compliant). Savings Account-i pays discretionary weekly hibah (gift): historical hibah for Akaun Simpanan-i Basic Plus shows 5.00% p.a. on the first RM2,000 and 3.00% p.a. on RM2,001 and above for every week from 23 Jun 2026 to 1 Sep 2026. Hibah is discretionary and historical rates are not indicative of future rates (per official disclaimer). PIDM-protected up to RM250,000 per depositor per official page. Verified 4 Sept 2026 against the official KAF Digital Bank website.

KAF Digital Bank · Malaysia · Verified 4 Sept 2026

BASE RATE

3% p.a.

MAX RATE (ALL TIERS)

5% p.a.

BALANCE CAP

5.00% p.a. tier applies to first RM2,000; RM2,001 and above earns 3.00% p.a.

■ 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

HOW THE RATE WORKS

Islamic digital bank (Shariah-compliant). Savings Account-i pays discretionary weekly hibah (gift): historical hibah for Akaun Simpanan-i Basic Plus shows 5.00% p.a. on the first RM2,000 and 3.00% p.a. on RM2,001 and above for every week from 23 Jun 2026 to 1 Sep 2026. Hibah is discretionary and historical rates are not indicative of future rates (per official disclaimer). PIDM-protected up to RM250,000 per depositor per official page.

SOURCE

https://www.kafdigitalbank.com.my/produk

KAF Digital Bank official product page (BM): 'Sejarah Hibah Akaun Simpanan-i Basic Plus' table shows 5.00% (first RM2,000) / 3.00% (RM2,001+) weekly from 23/06-31/06 through 01/09/2026; disclaimer that historical hibah is not indicative; 'Akaun simpanan KAF Digital Bank dilindungi oleh PIDM sehingga RM250,000 untuk setiap pendeposit'. PIDM membership per pidm.gov.my member list (KAF Digital Bank Berhad, licensed Islamic digital bank).

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