AmBank AmGenius Savings Account

I have been searching high and low for a child saving account with highest interest rate for my child. After doing some comparisons among child saving account of local banks, I found out that Ambank offers the highest interest rate which is equivalent to one month FD rate, 3%. The limitation is that there can only be 1 withdrawal per month.

Main Features

• Free Personal Accident Insurance up to RM50,000.
• Free Coin Box (refer to photo above) for opening account with RM300 & above.
• High interest rate equilvalent to 1-month FD rate according to account balance.
• Only 1 withdrawal per month
• Interest credited into account monthly

Requirements & Eligibility

• Minimum age: 18 years & below
• Minimum opening amount: RM1
• Minimum balance to maintain: RM10

Current Interest Rate

• Up to RM50,000 3.00%
• Above RM50,000 1.00%


The coin box is not that solid, the camel was parted from the coin box after my child used it for less than 3 months.