Is the ELITE Savings Account-i (ESA-i) PIDM-insured?

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

ELITE Savings Account-i (ESA-i)

Q: What is the interest rate on the ELITE Savings Account-i (ESA-i)?

The ELITE Savings Account-i (ESA-i) pays a base rate of 1% p.a., up to 1.68% p.a. with bonus tiers. Tiered profit rates for individuals aged 45+: 1.00% (below RM10,000), 1.25% (RM10,000.01-50,000), 1.50% (RM50,000.01-100,000), 1.68% (RM100,000.01+). Half-yearly service fee waived with MAB >=RM1,000. No transaction conditions. Verified 4 Sept 2026 against the official Bank Muamalat website.

Bank Muamalat · Malaysia · Verified 4 Sept 2026

BASE RATE

1% p.a.

MAX RATE (ALL TIERS)

1.68% 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 RM1,000 initial deposit

HOW THE RATE WORKS

Tiered profit rates for individuals aged 45+: 1.00% (below RM10,000), 1.25% (RM10,000.01-50,000), 1.50% (RM50,000.01-100,000), 1.68% (RM100,000.01+). Half-yearly service fee waived with MAB >=RM1,000. No transaction conditions.

SOURCE

https://www.muamalat.com.my/banking/personal-banking/elite-savings-account-i-esa-i

Bank Muamalat official ELITE Savings Account-i (ESA-i) page - tiered profit rate table, eligibility (45+), fee waiver

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