Rize Launches Saving Accounts With ‘Best-In Town’ Profit Rates
Rize, Malaysia’s newest digital bank, has launched the Rize Deposit Campaign 2023 which offers the ‘Best-In Town’ profit rates.
Rize, which is powered by Al-Rajhi Bank Malaysia, is offering its customers a 5% profit rate for the first RM5,000 they deposit in a Rize Savings Account-i (Commodity Murabahah Savings Account-i or CMSA).
The campaign runs from 20 March 2023 to 31 August 2023, and also offers customers ‘best-in-town’ profit rates at a 4% rate for deposits above RM5000.
According to a press release from Rize, eligible customers are entitled to enjoy the special profit rate on their CMSA day end balance based on the account balance tiering below;
| Tier | Account Balance (RM) | Special Profit Rate |
| 1 | First RM5,000 (RM0 – RM5,000.00) | 5.00% p.a |
| 2 | Subsequent amount (RM5,000.01 and above) | 4.00% p.a |
The special profit rate will be calculated based on the customer’s end of day CMSA balance.
Looking for the best saving accounts available? Check out our offerings right here!
