Public Bank 50 PLUS Savings Account is a bank savings account that is designed and catered towards senior citizens. The objective of this Public Bank 50 PLUS Savings Account plan is to offer these senior citizens greater security, making them comfortable and offering them decent returns in their golden years. Public Bank 50 PLUS Savings is a suitable savings plan to be used as your retirement fund.

Benefits

 

• Easy for individuals aged 50 years old and above to open an account and if you are making a joint deposit account, one of the individuals in that account have to be at least 50 years old and above

• It offers decent returns based on the interest that are calculated on a basis of multi-tier flat rate and this interest is then compounded and credited to your account on a monthly basis at the end of the month

• It is easy and convenient to open a Public Bank 50 PLUS Savings Account without the need of having an introducer

• You will also benefit from additional savings as Public Bank will waive the service charge on your account

• You will also get different discounts on selected insurance products related to Lonpac Insurance Berhad and many other discounts too

• There will be a priority service for senior citizens to access Special Care Counters so you can do your banking conveniently without going through the long wait and queues

• It will only cost you RM2,000 in order to successfully open a Public Bank 50 PLUS Savings Account

• You only need a maintain a limit as low as RM20 on a monthly basis as your minimum monthly requirement

• It is easy to access your savings account through any of the Public Bank branches, ATMs and PBe

• Your savings account is eligible for protection by Perbadanan Insurans Deposit Malaysia (PIDM)

Additional Fees

 

• There will be an additional RM1.06 inclusive of 6% GST withdrawal fee if you withdraw your money from any of the ATM machines with MEPS Logo

• There will be an additional RM4.24 inclusive of 6% GST withdrawal fee if you withdraw your money from any of the ATM machines with HOUSe logo

• There will be an additional RM12.72 inclusive of 6% GST withdrawal fee if you withdraw your money from overseas

• There will be an additional RM10.60 inclusive of 6% GST for early closure

 

Interest Rates

 

• 0.1% per annum for savings accounts with a minimum amount of RM 20 to a maximum amount of RM1000

• 0.2% per annum for savings accounts with a minimum amount of RM 1001 to a maximum amount of RM10000

• 0.6% per annum for savings accounts with a minimum amount of RM10001 to a maximum amount of RM50000

• 0.9% per annum for savings accounts with a minimum amount of RM50001 to a maximum amount of RM100000

• 1.46% per annum for savings accounts with a minimum amount of RM100001 and above

Other Banking Facilities

You can do your banking online through Public Bank’s smartphone app that is available on Google Play Store and Apple Store. As an alternative, phone banking is also available for this Public Bank 50 PLUS Savings Account plan.