Ryt Bank: rates, fees, eligibility and how it works
How Ryt Bank’s 2.05% p.a. base rate and 4.0% p.a. Save Pocket bonus work, plus fees and limits.
How the 4.0% p.a. rate is unlocked
Make a qualifying transaction
Spend with the Ryt Card or make a JomPAY bill payment of at least RM10. One successful transaction equals one stamp.
Collect a full stamp card
A maximum of one stamp per day. Official campaign terms describe five stamps unlocking a 30-day bonus period.
Earn 4.0% on the first RM20,000
The 4.0% total (2.05% base + 1.95% bonus) applies to Save Pocket balances up to RM20,000 across all Save Pockets. The rest earns 2.05%.
Renew the bonus
Complete another stamp card to renew the 30-day bonus period. New customers get 4.0% p.a. for the first 30 days after successful activation.
Bonus interest is a campaign mechanic and can have a cap or an end date in the official terms. Confirm the current campaign page and the in-app figure before you rely on 4.0%.
Official fees and limits
The fees and limits page is dated August 2026. Savings-account service, closure, e-statement and dormant charges are all listed as RM0. DuitNow transfers and transfers to Ryt Bank are waived.
| Item | Default | Maximum |
|---|---|---|
| DuitNow and QR transfers — daily | RM5,000 | RM50,000 |
| QR payments to merchants — daily | RM5,000 | RM10,000 |
| Bill payments — daily | RM5,000 | RM50,000 |
| Card withdrawal — daily | RM3,000 | RM10,000 |
| Card payments — daily | RM3,000 | RM20,000 |
Source: rytbank.my/fees-and-limits, updated August 2026.
Physical Ryt Card issuance or replacement is RM12. Domestic MEPS cash withdrawals are waived. Overseas cash withdrawal is RM12 per transaction. Foreign transactions are charged 2% on the foreign-currency amount (Visa’s exchange rate applies).
Lending, Shariah and safety
Ryt also offers Ryt Credit. That is borrowing, not a deposit, and PIDM does not cover borrowed amounts. Ryt is conventional, not Shariah-compliant — the direct answer is on this guide.
Official support: +603-5115 5115, support@rytbank.my, and in-app live chat (Ryt describes chat as available 24/7).
FAQs
Is Ryt Bank Shariah-compliant?
No. It is a conventional digital bank licensed under the Financial Services Act 2013. AEON Bank and KAF Digital Bank are the Islamic digital banks.
Is Ryt Bank PIDM-protected?
Yes. YTL Digital Bank Berhad is a PIDM member. Eligible deposits are protected up to RM250,000 per depositor.
Does everyone get 4.0%?
Only on the first RM20,000 in Save Pockets, and only when the bonus is unlocked (or in the first 30 days after activation). The base rate is 2.05% p.a.