Ryt Bank will maintain its 4 percent per annum savings rate and introduce additional rewards for users in December as part of the 12.12 season.

Customers can continue earning 4 percent interest in their Save Pockets by using the Ryt Card for everyday spending or by making JomPAY bill payments.

New users receive two starter stamps, and three transactions in the first month are needed to unlock the boosted rate.

After that, collecting five stamps every 30 days keeps the 4 percent rate active. Interest is paid daily and there is no lock-in.

For December, customers can earn 1.2 percent cashback on local MyDebit transactions, capped at RM12.

Overseas spending earns unlimited 1.2 percent cashback with no foreign exchange fee for physical card transactions.

Ryt PayLater offers instant credit of up to RM1,499 with zero percent interest for the first month, no documents and no late fees.

It is presently available for Merchant QR payments, with debit card and online banking features to follow.

The credit line has no minimum drawdown threshold.

Customers can also earn up to RM5 through Ryt AI for eligible transactions, including JomPAY payments.

Ryt Bank said its user base has grown steadily since launch, with customers earning daily interest and cashback across its range of digital banking services.

The rewards will be available from 1 December on the Ryt Bank app.

“Malaysians told us they want a bank that delivers great savings, real cashback, and smart tools that make life easier.

We’ve kept the 4% p.a. interest because it matters, and built on it with Ryt Card, Ryt AI, and Ryt PayLater – giving customers more ways to earn and manage their money effortlessly.”

said Melvin Ooi, CEO of Ryt Bank.

Featured image: Edited by Fintech News Malaysia, based on image by Freepik