GXBank Offers Limited-Time 5% Interest on Savings Pockets for Hari Raya
by Fintech News Malaysia April 2, 2024Malaysia’s first digital bank, GXBank, has introduced a new incentive for its Savings Pockets customers, offering a 5% per annum daily interest rate from 10 April to 9 May as part of its Raya campaign.
This temporary promotion aims to encourage both new and existing customers to enhance their savings without the constraints of a fixed deposit’s lock-in period, thereby offering greater liquidity and flexibility.
Unlike traditional fixed deposit accounts, Savings Pockets by GXBank allow customers to withdraw their funds at any time, ensuring they do not forfeit the accrued interest.
This feature aims to support the financial well-being of Malaysians during the festive season, allowing them to meet their festive obligations while still focusing on their long-term savings goals.
The campaign is accessible to all GXBank customers, covering both new and existing account holders who deposit fresh or existing funds into their Savings Pockets.
It applies to balances up to RM5,000 in every Savings Pocket, with the provision for each customer to open up to ten Savings Pockets under their account.
GXBank has scheduled to release the full Terms & Conditions on its website on 5 April 2024, detailing all aspects of the promotional offer.
The digital bank has been actively rolling out new offerings including the introduction of physical debit cards and the integration of QR code payment options.
