Best Places to Grow Your Savings Right Now

Earn up to 6.85% pa with low risk.

Author

The Futurizts
October 30, 2025

1. MAE Wallet (5% pa, first come-first serve)

As part of Maybank’s 5th anniversary for the MAE app, the yellow bank is allowing users to earn 5% pa on their savings in the MAE Wallet.

Compared to other cash apps and digital banks, this is easily one of the highest-paying rates right now.

How to participate:

1️⃣ Transfer a minimum of RM200 from another bank or eWallet (must be under your name) to your MAE Wallet.

2️⃣ Under “Recipient Reference,” type “MAETurns5”.

3️⃣ Maintain your balance until 31 Jan 2026 to keep earning.

Things to note:

  • You’ll earn 5% pa on up to 3 eligible transfers (min. RM200 each).

  • The deposit period runs from now to 30 Nov 2025 — first come, first serve.

  • Your profit is calculated daily but paid at the end of each month, starting 31 Dec 2025.

  • This promo only applies to MAE Wallet, NOT your Maybank savings or current account.

  • 🚫 Moving money between your own Maybank accounts doesn’t count.

  • You can withdraw funds, but your daily returns only apply as long as your balance stays above your initial transfer amount.

2. Ryt Bank (4% pa + 1.2% overseas cashback)

Known as the first AI-powered digital bank, Ryt Bank allows you to earn up to 4.00% pa* on your first RM20,000 in Save Pockets.

The balance in your main account (and any extra funds above RM20,000 in Save Pockets) will earn 3.00% pa (base rate) with no cap.

Other perks:

✅ Interest paid and compounded daily

✅ 1.2% cashback on in-store overseas spending*

✅ WAIVED foreign transaction fees*

✅ Get up to RM5 when you use their AI to send money

✅ No minimum balance (like GXBank)

❌ Not Shariah-compliant

🎁 Referral code: 9KD4V (early access, may have expired)

*Promotional rates lasts until 30 November.

Compared to other digital banks (AEON, my Alrajhi, Boost, etc.), Ryt Bank is the best, for now.

Registration, transfers, adding money, and managing savings pockets all feel very satisfying.

The app doesn’t overload you with information, unlike traditional banking apps.

You can make transfers and general queries using their AI with plain instructions or even screenshots.

3. Versa Save Conventional (4.00% pa*)

*For new users who sign up after 1 September 2025.

Versa is a wealth management app that allows you to invest in local and global markets.

Their two most popular funds are Versa Save (Conventional) and Versa Save (Shariah-Compliant). Both are low risk Money Market Funds that offer stable returns, much like TNG GO+ and StashAway Simple.

The base return rate for both funds are as follows:

  • Versa Save (Conventional): 3.48% pa*

  • Versa Save (Shariah Compliant): 3.29% pa*

*Nett returns for August 2025.

This is nothing to shout about, but to sweeten the pot, Versa is allowing new users to earn 4.00% pa nett on Versa Save (Conventional) and 3.70% pa nett on Versa Save (Shariah Compliant).

To receive these rates, you’d have to register an account and maintain at least RM2,000 in fresh funds in Versa Save (Conventional) or RM1,000 in Versa Save (Shariah Compliant) at the end of every month. 

The rewards are calculated daily and credited in following month, applicable on up to RM50,000 fresh funds in respective Versa Save offerings.

✅ User friendly

✅ Deposit/withdraw in 2-3 business days

❌ Not insured by PIDM

🎁 Referral Code: THEFUTURIZTS (Get RM10 for first deposit of RM100 and above)

4. AEON Bank (3.00% pa + 0.50-2.00% cashback)

Dubbed as Malaysia’s first Islamic Digital Bank, AEON Bank allows you to earn up to 3.00% pa, calculated daily and paid at the end of each month.

To be clear, the balance in your main account will earn 0.25% pa, while savings pots will earn 3.00% pa.

You can create up to 20 savings pots with different goals, and the money can be deposited/withdrawn instantly.

You’ll also receive 1x AEON points for every RM1 spent using the debit card, which can be claimed for cash (1,000 points = RM5.00). This makes the cashback 0.50%.

If you spend at participating AEON stores, you’ll get 4x AEON points on Thursdays and 3x AEON points on other days, which effectively increases the cashback rate to 1.50-2.00%.

✅ Shariah-compliant.

✅ Savings account, insured by PIDM.

✅ Deposit/withdraw instantly using DuitNow.

✅ 0.50% cashback on most spending with debit card.

✅ 1.50-2.00% cashback on spending in AEON stores.

❌ Profit payout occurs at the end of each month.

🎁 Referral Code: AB403017 (Get 1,000 AEON Points worth RM5)

5. BoostMyMoney (3.25-6.85%* pa)

BoostMyMoney is a Shariah-compliant fund that helps users earn and save with higher returns. The base return is 3.75% pa (excluding fees of 0.50%).

The profits are paid daily and you’ll also receive Boost Stars for every ringgit maintained in the account.

The stars are credited into your Boost eWallet every month and can be claimed as cashback (1,000 Stars = RM1).

The longer you maintain the balance in your account (min. RM500), the more Boost Stars you’ll receive, up to 3x stars on every RM1.

*From month 9-12, the earnings rate effectively increases to 6.85% pa, assuming you convert the stars to cashback.

I used BoostMyMoney for slightly over a year and accumulated 374k stars (worth RM374)

You can also withdraw 95% of your funds instantly to the Boost eWallet, which can be cashed out and sent to your bank account.

However, note that Boost eWallet has a RM10k transaction limit every month. Because of this, I keep less than RM10,000 in BoostMyMoney.

✅ Earn profit daily.

✅ Shariah-compliant.

✅ Earn Boost Stars for cashback.

✅ Withdraw up to 95% of funds to e-wallet instantly.

❌ Not insured by PIDM.

❌ Transaction limit of RM10k monthly.

🎁 Referral Code: shi57gv2

To be clear, BoostMyMoney is different from Boost Bank, which offers 3.00% pa and is protected by PIDM. Think of this product as something similar to TNG GO+.

6. Touch n’ GO+ (3.03% pa)

GO+ offers superb flexibility and pays daily profit based on the balance in your account at the end of each day.

It will not affect your e-wallet payments — whenever you make a deposit or transfer, the funds will automatically be added or deducted from your GO+ account.

✅ Earn profit daily.

✅ Shariah compliant.

✅ Deposit/withdraw instantly with DuitNow.

❌ Maximum deposit limit of RM20,000.💡

❌ Not insured by PIDM.

💡 You’ll still earn daily profit beyond this limit, but you won’t be able to deposit more funds.

7. ASB & ASM (4-6% pa)

Amanah Saham Bumiputera (ASB) and Amanah Saham Malaysia (ASM) are unit trust funds managed by Amanah Saham Nasional Berhad (ANSB).

The funds are always fixed at RM1.00 per unit, giving you the flexibility to plan your investments without worrying about market volatility or price swings.

Unfortunately, ASB is only available for Bumis. For non-Bumis, ASM is the next alternative, but the units are limited and often hard to purchase.

✅ Shariah compliant.

✅ Stable, consistent returns.

✅ Deposit/withdraw in 1-2 business days.

❌ Limited units for non-bumis (ASM).

❌ Profit payout occurs once a year.

❌ Not insured by PIDM.

“Got so many options, I can’t decide.”

Most cash apps are relatively new and often go under maintenance.

As such, it’s best to use multiple apps so you won’t be locked out from your funds.

I use AEON Bank and TNG for daily spending and saving. For emergency funds, I like to keep them in a separate place (Ryt Bank, ASB/ASM, Versa) so I won’t see them and be tempted to spend.

Growing your savings has never been easier.

At a 4% annual compound rate, you’ll achieve RM50,000 in 5 years if you set aside roughly RM755 per month.

This is much faster than saving manually without investing (RM833/month).

Of course, saving RM50,000 may not be feasible for everyone, but think of it this way: It’s better to have some money set aside rather than none at all.

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DISCLAIMER: Investing in cash apps or unit trusts has its own risks as they are different from opening a deposit account with a financial institution. You should speak with a financial planner before making any investing decisions. ⚠️

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