Savings Accounts

In an effort to encourage savings, our company welcomes all private individuals to open savings accounts with us.

We offer attractive interest rates on savings accounts. Rates are uniform irrespective of balance of accounts, unlike savings accounts offered by most financial institutions.

Our current savings interest rate is 1.5% computed on daily-rest basis with effective from 2nd February, 2009.

Frequently Asked Questions

  1. Can non-residents open a savings account with your company?

    Yes, subject to any currency and other restriction imposed by the Government from time to time. Savings interest shall, however, be subjected to withholding tax.

  2. What is the minimum amount required to open a savings account?

    RM500.00 for new customer, or RM50.00 for those who also have fixed deposit account with us.

  3. Do you have any Automatic Teller Machines facility?

    As we are not a full-fledge banking institution, we do not provide ATM services at the moment.

  4. What is the maximum amount of cash permitted for withdrawal per day?

    RM5,000.00 for cash withdrawal per day. If the amount withdrawn exceeds RM5,000.00, we would pay out by cheque to the depositor.

  5. Can I deposit a cheque which is issued in my name to my savings account?

    No, due to recent changes in banking industry practices, any cheque that is received for deposit to your account with our company must be issued to Borneo Housing Mortgage Finance Berhad. (Applicable to Kuching Branch only.)