Ryt Bank has restructured its deposit yields by reducing its base savings rate from 3% to 2.05%, according to an in-app customer notice effective 18 June 2026.
The digital banking platform notified users that the revised Ryt Bank interest rate maintains a maximum return of 4% strictly through a new bonus campaign structure.
Customers previously earned a 3% base yield alongside a 1% bonus component.
The updated framework shifts the balance to a 2.05% base alongside a higher 1.95% bonus requirement.
The official application update also directed users seeking higher yields to explore the Ryt Invest feature for potential returns of up to 6%.
Savers must now complete specific stamp card gamification loops to unlock the full promotional rates.
The maximum yield applies exclusively to the first RM20,000 in account balances.
The adjustment positions the bank against competitors offering alternative yield structures, such as GXBank bonus pockets at up to 3.55% without locking funds and Boost Bank at up to 4%.
Featured image: Edited by Fintech News Malaysia based on an image by freepik via Magnific.
