Boost Bank Unveils New Debit Card, 5% Daily Interest for Savings ...

Boost Bank, a digital bank by Axiata and RHB, is offering Malaysians a 5% per annum daily interest rate on savings deposited in its “Boost Birthday Jar” throughout October.

East Malaysians can also access the same 5% p.a. daily interest rate at four supermarkets and hypermarkets in Sabah and Sarawak: Bataras Sdn. Bhd., CKS RETAIL Sdn. Bhd., FARLEY (KCH) Sdn. Bhd., and Servay Hypermarket Sdn. Bhd.

Customers can activate their RM5 cashback by using specific redemption codes: BOOSTSERVAY, BOOSTBATARAS, BOOSTCKS, and BOOSTFARLEY.

Shoppers who spend at least RM50 per month using the Boost eWallet app at these stores will be eligible for the interest rate and receive RM5 cashback on essential goods.

Boost Bank has also introduced a new debit card in collaboration with Payments Network Malaysia (PayNet) and Mastercard. The card is accepted at over 100 million locations globally.

Customers can order the card through the Boost Bank app, with free delivery.

Those who order the physical card by 31 December 2024 will receive RM10 cashback and pay no annual fees for the first year.

Boost Bank will also hold a series of roadshows across Sabah and Sarawak to educate users and promote healthier saving habits.

With over 2,000,000 merchants onboarded across Malaysia, Boost Bank is continuing to expand its QR payment touchpoints.

Fozia Amanulla, CEO of Boost Bank, said,

“Staying true to our mission of empowering the underserved, we are proud to offer an exclusive 5% p.a. daily interest rate and RM5 cashback on groceries that not only support the everyday lives of Malaysians but also encourage smarter shopping and greater savings for the rakyat.

With the strong backing of PayNet’s national payments network and cutting-edge financial infrastructure—including DuitNow QR and DuitNow Online Banking—users can enjoy a seamless, secure, and convenient digital banking experience.”

Sheyantha Abeykoon, Group CEO of Boost, added,

“As we celebrate our 7th birthday this year, we are thrilled to reward our users with the 5% p.a. daily interest rate through the Boost Birthday Jar, adding even more value for users during this celebration.

East Malaysia has always been a stronghold for our eWallet business, and we are delighted to extend our exclusive digital bank offerings to loyal customers through our trusted partners.”

Featured image: (From left) Ivan Chua, General Manager, CKS Retail; Azrul Fakhzan Bin Mainor, Senior Director, PayNet; Wan Hanisah Binti Wan Ibrahim, Board of Director, Boost Bank; Fozia Amanulla, CEO, Boost Bank; Sheyantha Abeykoon, Group CEO, Boost; Ankur Jakhwal, CEO, Boost Connect; Michael Lai, DC and Logistics Manager, Servay Hypermarket; Viola Chin, Group Financial Controller, Bataras