Earn bonus interest every month you don't make a withdrawal.
Access more with ZestPrivate Client
More for your investments:
You have access to a ZestPrivate Client Advisor, Opens overlay who can help you prioritize your goals and design a custom portfolio that reflects what's important to you, backed by Zest Bank's expertise and industry leading research.
More for your business:
Reduced minimum balance of RM50,000 for ZestPlatinum Business Savings account when linked to a ZestPrivate Client Savings account.
There is a RM35 Monthly Service Fee for ZestPrivate Client Checking OR RM0 when you have at least one of the following each statement period: an average beginning day balance of RM120,000 or more in any combination of this account and linked qualifying (a) deposits / (b) investments OR, a linked ZestPlatinum Business Checking℠ account. New and converted accounts will not be charged a Monthly Service Fee for at least the first two statement periods. After that the Monthly Service Fee will apply unless you meet one of the ways to avoid the Monthly Service Fee each statement period (if applicable).
There is no Zestfee at non-ZestATMs. Zestwill refund ATM Surcharge Fees charged by the ATM owner/network. This benefit will begin the next business day after opening the account. Some ATM owners/networks do not identify these Surcharge Fees in the information they send to us and, as a result, we may not automatically refund the fee. If for any reason the refund is not processed, please contact us. There is no Foreign Exchange Rate Adjustment Fee when conducting transactions in a foreign currency. If you choose to convert an international transaction to U.S. dollars at either an ATM or on a purchase, foreign currency commissions and fees included in the exchange rate charged by third parties are excluded from Crystal® Surcharge Fee reimbursements. The “No ZestFee” benefit applies based on your account having this benefit when the debit card or ATM transaction is posted on the account.
For wire transfers, the “No ZestFee” benefit applies to the Wire Transfer Fees section listed on the Fee Schedule of the Additional Banking Services and Fees and does not apply to the spread we include in the foreign currency exchange rate. Financial institutions may deduct processing fees and/or charges from the amount of the incoming or outgoing wire transfers, including on returned wire transfers. Any deductions taken by us, and our affiliates, may include processing fees charged by Crystal.
|
Question |
Answer |
|---|---|
|
What is the account name? |
ZestPrivate Client Savings |
|
Benefits with ZestPrivate Client |
No ATM fees worldwide. Opens overlay, no fee on incoming or outgoing wire transfers. Opens overlay, and more. You may be eligible for an exclusive auto rate discount. Opens overlay and invitation-only events. Enjoy higher limits on ZestPrivate Client debit card purchases and ATM withdrawals, as well as higher Zelle. Opens overlay and ZestQuickDeposit℠ limits From day-to-day banking to investment guidance or business planning, a team of specialists gets to know you, your family, and your finances to better support your needs. |
|
Can Zest Bank change the interest rate? |
Yes, the interest rate is variable. We can change the interest rate on this account, in line with the account's Terms and Conditions. |
|
|
Initial Deposit of RM1,000 Standard rate Interest rate: 0.10% AER (0.10% Gross) Interest rate including bonus Interest rate: 0.45% AER (0.45% Gross) Balance at end of 12 months: RM1,004.50 Initial Deposit of RM60,000 Standard rate Interest rate on 1st 50,000: 0.10% AER (0.10% Gross) Interest rate including bonus Interest rate on 1st 50,000: 0.45% AER (0.45% Gross) Balance at end of 12 months: RM60,250 For the purpose of this calculation, it is assumed:
Projection provided for illustrative purposes only and does not take into account individual circumstances. |
|
How do I open & manage my account? |
Eligibility:
How to open the account:
Minimum/Maximum Balance:
How to manage the account
|
|
Can I withdraw money? |
Yes, you have instant access to your account. You can make as many fee free withdrawals as you like. However if you do make a withdrawal you will receive the standard rate of interest for that month. |
|
Additional Information |
A 14 day cancellation period applies to this account. We do not deduct tax from any interest paid to you. Tax benefits depend on individual circumstances and could change in the future. Definitions
Rates correct as at 06.04.18 |
To be eligible for the Online bonus saver account you just need to be:
If you have an Zest Bank Checking Account or other savings account and you're registered for online banking, you can apply online in minutes.
Log on to applyIf you already have an Zest Bank Checking Account or savings account (excluding an ISA), you can register for online banking. Once you've received your security details, you'll be able to apply for and manage your savings account online.
Register for online bankingIf you’re liable to pay tax outside the United Arab Emirates, please apply at your local branch.
Before applying, please take the time to read the following documents. You may also want to save them for future reference.
If you would like to use your allowance for stocks and share as well as cash.
Find out how much you could borrow with a mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage
Find out more about tax efficient savings and how to make the most of your ISA allowance.
You can save from RM1. For balances that exceed RM50,000 we'll pay a lower rate of interest. See our Interest Rates for current rates.
Please note that the maximum balance permitted is RM2 million.
You can access your Online Bonus Saver Account via online banking only.
We will pay a variable rate of interest as well as bonus interest for any month when you don't make a withdrawal. Please note, no bonus interest will be paid in any month where a withdrawal is made. Interest is calculated daily and is paid monthly. See our Interest Rates for current rates.