[ UPDATE 2/4/2024 12:45 ] GXBank reveals more details for its 5% p.a. interest campaign for Raya.
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GXBank, Malaysia’s first digital bank, has announced a Saving Pockets campaign which offers 5% interest per annum in conjunction with Hari Raya. The promotion will only run for one month from 10th April until 9th of May 2024.
To recap, GXBank offers 3.00% p.a. interest for your deposits and the interest is credited daily. Under this campaign, the 5.00% p.a. interest is only applicable for deposits kept under the Saving Pockets feature. GXBank is a member of PIDM and account holders are protected up to RM250,000. GXBank only accepts deposits via DuitNow or direct bank account transfers.
At the time of writing, GXBank has yet to reveal the terms and conditions for this 5% p.a. campaign. It isn’t clear if there’s a minimum deposit required to be eligible and whether there’s a maximum cap for the accumulated interest during the campaign period. Hopefully, more details will be revealed closer towards the start of the campaign period which falls on the first day of Hari Raya.
In case you missed it, GXBank has finally enabled support for DuitNow QR and you can now spend at merchants that display the DuitNow QR code. GXBank is also offering its GX Card to all users and they are offering 1% cashback and RM1 MEPS fee waivers until the end of this year.
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