Benefits
- Hassle-free online account opening via AmOnline mobile app for existing AmBank and AmBank Islamic customers.
- Enjoy flexibility of a savings account and earn interest rate equivalent to a 3-month Fixed Deposit. Click here to view the interest rate.
Requirements:
- Minimum age: 18 years old & above
- Minimum initial deposit: Waived (online account opening)/ RM20 (over-the-counter)
(Protected by PIDM up to RM250,000 for each depositor)
How eFlex/-i works
Base Rate
0.5% p.a on any end-of-day balance
Bonus interest/profit rate
- Bonus Interest/Profit Rate is the difference between the prevailing 3-month Fixed Deposit/Term Deposit-i board rate (rate is subject to change) and the Daily Accrual Interest/Profit Rate.
- To qualify for the Bonus Interest/Profit, daily end-of-day balance must be equal to or more than the threshold balance of RM20,000.
- Bonus Interest/Profit is calculated based on the daily end-of-day balance with the qualifying threshold balance accrued and credited at month-end.
How to Use eFlex/-i
1. Apply for eFlex/-i via AmOnline
Transact as you normally would on a regular savings account -deposit, withdraw, transfer or pay bills and loans/financings.
2. Earn interest/profit
Earn on a base rate of 0.5% p.a. However, if your balance does not dip
below RM20,000, your interest/profit rate on your daily end-of-day balance.
balance is topped up to the prevailing 3-month FD/TD-i rate of 2.40%.
3. Be prepared for the unexpected
In the event of emergencies where you need money, bank on eFlex/-i to tide you over while still earning 0.5%.
How can you make the deposit?
1. Transfer money to your eFlex/-i via AmOnline if you have another account with AmBank/AmBank Islamic
2. Use another bank’s online banking service to make the transfer to your eFlex/-i account
3. eposit cash into your eFlex/-i from any AmBank Cash Deposit Machine
