Details are updated as of the time of writing. Obviously, the main thing that attracted me to open a FRANK account is the FD-like interest that OCBC offers (1.80% at this moment) – without the restrictions imposed by typical FD products. Here’s a table that’ll give you a clear idea of why FRANK is such a unique offering in the market now:

Account Opening Reward: Get an RM20 additional cash reward in your account when you sign up using my referral code 3AFMJA, and deposit a minimum of RM20 in your account within 15 days from sign up!.

Capital is protected by PIDM up to RM250,000.

Withdraw money at no extra charges from any ATM by OCBC (Malaysia, SG, Indonesia, HK & Macau)

No forex mark-up while spending foreign currencies online (just like BigPay).

Minimum account balance & initial deposit of RM20 (extremely low barrier of entry).

No typical FD lock-in period & withdrawal penalty.

Earn interest up to 1.8% per annum for money saved on Save Pot + 0.3% per annum for money in Spend Pot.

Save Pot & Spend Pot feature: Adjust your money accordingly when you want to save or spend.Account Opening Reward – Open Your FRANK account today!.Sustainability Issue: Get Prepared for a Potential Brutal Issue from FRANK.Save Pot & Spend Pot – How Do They Work?.

Ocbc malaysia fixed deposit rate