Boost Bank: No more tiers, up to 3.6% p.a. with RM1 deposit

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Boost Bank: No more tiers, up to 3.6% p.a. with RM1 deposit
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Boost Bank has removed its tiering system allowing everyone to get better rates without maintaining RM2,000 balance. CelcomDigi users can now enjoy 4% p.a.

tiering system, allowing all users to enjoy better rates with a minimum deposit of as little as RM1. Previously, Boost Bank users were required to make a deposit and maintain aBoost Bank now lets you enjoy higher interest rates with just RM1 deposit

Effective today, Boost Bank users are only required to deposit at least RM1 to unlock the highest Platinum President Tier. Here’s the applicable interest rate:To enjoy higher returns, you’ll have to save funds in the Savings Jar, which is like a sub-account designed to help you achieve your financial goal. The interest rate for Boost Bank is calculated daily but credited every week.3.88% p.a. profit rate.

This 4% p.a. rate for Savings Jar is offered for a limited time. The Mydin Jar is offered until 30th September while the CelcomDigi Jar is offered until 7th November 2024. With the latest revision, users are no longer required to maintain a minimum balance of RM2,000 to enjoy the 4% p.a. rate for the Savings Jar.Boost Bank in its current state only offers a Savings Account product with no option for QR or card spending.

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