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.