15 November 2021

Revision of Alliance SavePlus Account/-i rate

Announcement

15 November 2021

Revision of Alliance SavePlus Account/-i rate

Announcement

Dear Valued Customers,

Effective 1 January 2022, the interest/profit rate for Alliance SavePlus Account/-i will be revised respectively to the following:

Account Balances (RM)	Current Rate	Rate with effect from 1 Jan 2022	Interest/profit rate payout with effect from 1 Jan 2022
0 - 20,000	0% p.a.	0.0% p.a.	Interest/profit rate payout based on total account balances
20,001 - 50,000	0.20% p.a.	0.20% p.a.
50,001 - 200,000	0.80% p.a.	0.80% p.a.
200,001 - 400,000	2.00% p.a	2.00% p.a
400,001 - 10,000,000	2.25% p.a.	2.25% p.a.
Above 10,000,000	2.25% p.a	1.25% p.a	Interest/ profit rate payout based on split-tier starting from the amount above RM10,000,000

Maximum effective rate on SavePlus/-i is 2.25%p.a. at RM400,001 - RM10,000,000 deposits balances.

Notes:

Accounts with balances above RM10,000,000 is subjected to split-tier interest/ profit rate for the balances above RM10,000,000
The above rates are for SavePlus-i that is based on the Shariah contract of Tawarruq. For SavePlus-i that is based on Qard contract, the rate shall be based on historical hibah rate and paid solely based at the Bank’s discretion.

Illustration:

If the account’s balance is RM10,000,000, the full RM10,000,000 will be entitled to 2.25%p.a.
If the account’s balance is RM10,500,000, the first RM10,000,000 will be entitled to 2.25%p.a. and the remaining RM500,000 will be entitled to 1.25%p.a.

Should you have any further queries, please do not hesitate to contact our Customer Service at +603-5516 9988 or visit your nearest branch. We truly value you as a customer and looking forward to your continued support.

Thank you.