RHB Bank launches smart deposit accounts, 3% per annum

Valuations remain attractive for RHB Bank

KUALA LUMPUR: RHB Bank Bhd had on Wednesday launched its deposit accounts RHB Smart Account and RHB Smart Account-i, which offer customers attractive returns of 3% per annum and 1%  bonus payouts.

Both accounts can be opened online and will reward customers based on the banking transaction that the customer performs, be it saving, paying bills online, spending, or investing with RHB.

With a minimum of RM2,000 monthly deposit and maintaining an average balance of RM1,000 in the account, RHB Smart Account or RHB Smart Account-i holders can qualify for the attractive bonus payouts when they make transactions.

Speaking at the launch of RHB Smart Account and RHB Smart Account-i, RHB Banking Group group retail banking executive director U Chen Hock said the accounts allow customers to open their account online, doing away with the unnecessary paperwork, simplifying the account opening process to not more than 10 minutes. 

"The RHB Smart Account complements customers increasing inclination to use the internet and mobile devices for their banking and financial needs.

"As of January 2017, the total number of users has grown to 2.24 million," said U.