Best E-Wallet & Digital Bank Rates Malaysia 2026
Where to park spare cash for daily returns. Compare the yields, PIDM protection and features of Touch 'n Go GO+, the digital banks and cash-management funds — ranked.
Compare e-wallet & digital bank rates
Ranked by indicative yield. Digital banks are PIDM-insured; money-market funds are low-risk but not. “Up to” rates may need promo conditions — tap any provider to read & write reviews.
| Provider | Rate p.a. | Min | How you pay | Withdrawal | |
|---|---|---|---|---|---|
🏆 Ryt Bank Savings Digital bankPIDM 4% needs the monthly stamp condition and is capped at RM20k — promo terms change, check in-app. | up to 4.00% Daily interest | None First RM20,000 | Debit card + DuitNow QR | Instant (DuitNow) | Visit★ Reviews › |
Boost Bank Savings Digital bankPIDM The 4% headline is the BoostUP Jar rate and needs at least RM500 of Boost Wallet spend each month; the main Savings Account pays 2.5% p.a. and Savings Jars 3% p.a. | up to 4.00% Daily interest | None Up to 4% on Special Jars | Debit card + DuitNow QR | Instant (DuitNow) | Visit★ Reviews › |
KDI Save Money-market fund Money-market fund — low risk but NOT PIDM-insured and returns aren't guaranteed. | up to 3.88% p.a. · daily compounding | RM100 First RM50,000 | Withdraw to bank first | ~1–2 business days | Visit★ Reviews › |
GX Bank Account Digital bankPIDM The 3.55% tier is a fixed-term 6-month Bonus Pocket; the everyday rate is 2% (still uncapped). | up to 3.55% Daily interest | None No cap on base rate; Bonus Pocket capped at RM12,500 each, max 4 pockets | Debit card + DuitNow QR | Instant (DuitNow) | Visit★ Reviews › |
StashAway Simple Money-market fundShariah Projected (not fixed) rate; a 0.15% p.a. management fee applies. Not PIDM-insured. | up to 3.55% Projected p.a. | None No cap | Withdraw to bank first | ~2–3 business days | Visit★ Reviews › |
Versa Cash Money-market fund Money-market fund — not PIDM-insured; the 4.2% quest needs fresh funds and a 210-day hold. | up to 3.48% Net p.a. | None No cap (base) | Withdraw to bank first | ~1–3 business days | Visit★ Reviews › |
Touch 'n Go GO+ E-walletShariah Investment-linked (money-market fund). Returns vary daily and are NOT guaranteed or PIDM-insured. | up to 3.45% Daily returns | RM10 Earns on full balance | DuitNow QR + tolls & transit | Instant (spendable balance) | Visit★ Reviews › |
AEON Bank Savings Digital bankPIDMShariah The 3.00% profit rate is a promo on Savings Pots (live to 31 Aug 2026); the base Savings Account-i pays 0.25% — confirm the current tier in-app. | up to 3.00% Daily interest | None Up to 20 savings pots | Debit card + DuitNow QR | Instant (DuitNow) | Visit★ Reviews › |
Good to know
Tap a question to open it.
As of June 2026, KDI Save pays a fixed 4.00% EAR with no spending conditions. Ryt Bank and GXBank reach up to 4.00% with promo conditions, and Touch 'n Go GO+ pays about 3.0–3.4% daily. All rates are indicative and change often.
Licensed digital banks (GXBank, Ryt Bank, Boost Bank, AEON Bank) are PIDM-insured up to RM250,000, so the interest is guaranteed. GO+, KDI Save, StashAway Simple and Versa Cash are money-market funds — low risk, but returns vary and are not guaranteed or PIDM-insured. So GO+ is not PIDM-protected.
A digital-bank deposit is guaranteed and PIDM-insured. A money-market fund invests in short-term instruments, so returns are usually a touch higher but not guaranteed. Both are low risk and let you withdraw anytime.
Often yes. Ryt's 4% needs five monthly spend 'stamps' (capped at RM20k), GXBank's 4% is a 6-month Bonus Pocket (base is 2%), and Versa's 4.2% is a fixed-rate quest on fresh funds. KDI Save's 4.00% is one of the few with no strings.
Yes, for cash you may need soon — they earn daily and let you withdraw anytime, unlike a fixed deposit that locks your money. FDs can pay more for committed savings, so many people keep an emergency fund here and longer-term money in FD.
For everyday spend and tolls that still earns, Touch 'n Go GO+. For the highest no-strings rate, KDI Save. For a PIDM-insured account with a debit card, GXBank or Ryt Bank.
💬 Community discussion
Questions or tips about GO+, digital banks or money-market funds? Share them below — or tap any provider above to leave a review for that one specifically.
💬 Discussion
Looking for committed savings instead? Compare fixed deposit rates and high-yield savings accounts.
Rates are indicative "up to" figures for reference only (as of 24 July 2026) and change frequently; promotional rates require meeting the provider's terms. Digital-bank deposits are PIDM-insured to RM250,000; money-market products (GO+, KDI Save, StashAway, Versa) are not guaranteed or PIDM-insured. Confirm the current rate with the provider before depositing. Rates.my is not a licensed financial adviser.
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