Boost Bank: rates, fees, eligibility and how it works
How Boost Bank’s savings account and Jars work, and how the bank is different from the Boost eWallet.
| Item | Official figure |
|---|---|
| Licence | Conventional digital bank, PIDM member — not the Boost eWallet |
| Savings Account | 2.5% p.a. daily interest |
| Savings Jars | 3% p.a. daily interest, no lock-in on the ordinary product |
| Special Jars | Campaign rates — check the live official page |
| Opening amount | Official page: open with as little as RM1 |
Source: Boost Bank savings FAQ.
Bank versus e-wallet
Boost Bank takes deposits and is a PIDM member. Boost eWallet is a payment wallet. A transfer question that mentions “Boost” may refer to either product. If you are opening a deposit account, you want the Boost Bank app and the bank’s official pages, not the e-wallet help articles.
Rates
The official FAQ also describes interest as computed on the end-of-day balance. Jars have no lock-in on the ordinary 3% product, according to the savings page (“no lock-in period”).
The marketing banner and the FAQ have used different Special Jar headline rates at the same time. We are not publishing a standing Special Jar rate. Open the official Special Jars page and read the campaign conditions and end date.
Card, loans and support
Boost Bank offers a debit card. Its debit-card page states that, effective 1 July 2026, the RM1 interbank ATM withdrawal fee is waived nationwide at participating ATMs. Confirm current card fees on that official page before you travel overseas.
The public website also lists lending products. We have not built a separate Boost loan page because search demand did not justify one; if you need official loan terms, use Boost Bank’s own product pages rather than a third-party summary. This site does not use referral codes.
Official support: support@myboostbank.co, +603 8658 3000, and a separate fraud number +603 8658 3033 as listed on the bank’s site.
FAQs
Is Boost Bank the same as Boost eWallet?
No. The bank is a licensed deposit-taker. The e-wallet is a payment product. PIDM protection applies to eligible bank deposits, not to e-wallets.
What is the interest rate?
Official FAQ: 2.5% p.a. on the Savings Account and 3% p.a. on Savings Jars, both described as daily interest. Special Jars are promotional.
Does Boost Bank offer a personal loan?
The website lists lending products. Rates and tenures for those products are on Boost Bank’s loan page and Product Disclosure Sheet.