Boost Bank, a collaboration between Axiata and RHB, has recently launched as Malaysia’s first home-grown digital bank, offering a range of advantages designed to enhance the banking experience for Malaysians.
Seamless Integration with Boost eWallet
Existing Premium Wallet users of the Boost eWallet app can effortlessly open a Boost Bank account through an embedded onboarding process. This integration positions Boost Bank at the forefront of embedded banking, synchronizing seamlessly with users’ daily routines.
Financial Inclusion for the Unbanked and Underbanked
Boost Bank is committed to bridging financial inclusion gaps by enabling individuals without existing bank accounts to be digitally onboarded. This initiative aligns with their mission to serve underserved and unserved sectors of society, providing them with accessible financial tools.
Competitive Interest Rates
The bank offers attractive interest rates to help users maximize their savings. For instance, users can earn a promotional daily interest rate of up to 3.6% per annum by depositing a minimum of RM2,000 into Boost Bank’s Savings Jar and/or Savings Account. After the promotional period, Platinum President users will continue to enjoy a standard daily interest rate of 3.2% per annum on their Savings Jars.
Strategic Partnerships for Added Benefits
Boost Bank has established partnerships with prominent retailers and service providers, including CelcomDigi, MYDIN, and Servay Hypermarket. Through these collaborations, users can look forward to rewards and savings on daily necessities, further enhancing the value of their banking experience.
Robust Security Measures
To ensure the safety of users’ funds, Boost Bank implements comprehensive security features such as “Freeze Account” for emergencies, “Device Binding” for access control, and a “Cool-Off Period” for new device logins. Additionally, deposits are protected by Perbadanan Insurans Deposit Malaysia (PIDM) for up to RM250,000, providing users with peace of mind.
In summary, Boost Bank offers a user-friendly digital banking experience with a focus on financial inclusion, competitive interest rates, valuable partnerships, and robust security measures, making it a compelling choice for Malaysians seeking modern banking solutions.
Special Jars
Unlock up to 3.3% p.a. daily interest with Special Jars
Spend with our eligible partners to receive Special Jars with higher interest.
Grow savings with up to 3% p.a. daily interest
Open a Savings Account & create Savings Jars with as low as RM1.
Shake Reward is back!
Get up to RM8 cash via Shake Rewards by becoming a Boost Bank user and activating “Auto Add Money” to your Boost Wallet. Enjoy cash rewards via Shake Rewards after every eligible transaction!
