Is the Ryt Bank Savings PIDM-insured?

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

Ryt Bank Savings

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

The Ryt Bank Savings pays a base rate of 2.05% p.a., up to 1.95% p.a. with bonus tiers. Base rate 2.05% p.a. earned daily on Main Account and Save Pockets (no limits, no lock-ins). Bonus rate 1.95% p.a. (total 4.0% p.a.) on first RM20,000 of Save Pocket balances when qualifying: earn 5 stamps (max 1/day) via min RM10 spend with Ryt Card or JomPAY bill payment, unlocking a 30-day bonus period; repeat stamp card to renew. New users enjoy 4.0% p.a. for first 30 days after activation. Structure revised 18 June 2026 (previously 3.00% base + 1.00% bonus). Verified 4 Sept 2026 against the official Ryt Bank website.

Ryt Bank · Malaysia · Verified 4 Sept 2026

BASE RATE

2.05% p.a.

MAX RATE (ALL TIERS)

1.95% p.a.

BALANCE CAP

Bonus rate applies to first RM20,000 across all Save Pockets; balances above earn 2.05% 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

Base rate 2.05% p.a. earned daily on Main Account and Save Pockets (no limits, no lock-ins). Bonus rate 1.95% p.a. (total 4.0% p.a.) on first RM20,000 of Save Pocket balances when qualifying: earn 5 stamps (max 1/day) via min RM10 spend with Ryt Card or JomPAY bill payment, unlocking a 30-day bonus period; repeat stamp card to renew. New users enjoy 4.0% p.a. for first 30 days after activation. Structure revised 18 June 2026 (previously 3.00% base + 1.00% bonus).

SOURCE

https://www.rytbank.my/savings-account

Ryt Bank official savings account page: 'Base 2.05% p.a. ... Plus Bonus +1.95% p.a. ... Total 4.0% p.a. Earned daily, applies for balances up to RM20,000 across all Save Pockets. The rest earns 2.05% p.a.'; stamp-card mechanics and new-user 30-day 4.0% offer; 'A member of PIDM. Protected by PIDM up to RM250,000 for each depositor.' PIDM membership per pidm.gov.my member list (YTL Digital Bank Berhad, known as Ryt Bank).

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