In its latest campaign, MBSB Bank Bhd has announced new rates that offer competitive financial solutions for individual and small and medium-sized enterprise (SME) customers.
For individual customers, the Tiered Savings Account-i (Peak Saver) offer profit rates of 0.50% per annum for balances of up to RM10,000 and 2.8% per annum for balances exceeding that amount.
The campaign that runs from 1 April 2024 to 31 March 2025, is designed to benefit both small savers and larger depositers, offering flexibility while maximising profit.
Additionally, the Term Deposit-i account is ideal for those seeking a secure, short-to-medium term investment, offering 3.7% per annum for a 6-month tenure and 4% per annum for a 12-month tenure, which requires a minimum deposit of RM10,000 and runs from 2 September to 31 December 2024.
The bank also introduced the Prime Business Account (Current Account) with a tiered profit structure for its SME customers, allowing them to benefit from a 1.8% per annum rate for balances below RM50,000, 2.5% per annum for balances exceeding RM50,000 and 2.8% per annum for balances above RM500,001.
The product is aimed at helping business owners to better manage their cash flow while generating profitable returns and is available from 26 August 2024 to 26 August 2025.
According to MBSB, its Prime Deposit-i account for SMEs provides even higher returns, offering 3.8% per annum for a 6-month tenure and 4% per annum for a 12-month tenure with a minimum deposit of RM10,000, which also runs until 26 August 2025.
Through these offerings, the bank reaffirms its commitment to creating value for both individual and business customers by providing tailored, innovative and secure financial solutions.
