Singapore property has prestige, but the entry cost can make many investors pause. Kuala Lumpur, on the other hand, offers larger homes, lower prices, and stronger rental-yield potential without making buyers feel like they need to all-in on their asset just to enter the market.

In this article, we will clearly compare the two markets, helping investors and you understand why KL still holds a prominent place on the regional property map.

Key Takeaways

• KL property remains attractive because investors can access larger units, lower prices, and stronger rental yield potential than in Singapore.
• Singapore property remains stronger in terms of liquidity, currency safety, and long-term capital preservation, especially for investors who prioritize stability.
• Foreigners and Singaporeans can buy property in Malaysia, but they must account for state rules, minimum purchase thresholds, 8% stamp duty, and resale liquidity.
• Kuala Lumpur’s rental yield can outperform Singapore’s, especially outside the city center, where Numbeo data show KL at 5.71% versus Singapore at 2.74%.
• The best KL investment areas are not always the most glamorous. Areas with strong tenant demand, MRT or LRT access, and reasonable entry prices often perform better.

Estimated reading time: 18 minutes

1. Why do investors still choose KL property over Singapore?

Investors still choose KL property because Kuala Lumpur offers more room, higher yield potential, and a lower entry point than Singapore. Singapore remains a powerful market for long-term wealth preservation, but KL often makes more sense for buyers who want rental income, affordability, and regional exposure.

A simple way to understand it is this: Singapore property is often priced for safety and capital preservation, while KL property is often priced for income and space. If an investor wants a trophy asset in a stable city, Singapore is hard to ignore. If the same investor wants a larger condo, a higher rental yield, and a more flexible entry price, KL becomes very attractive.

For example, PropCashflow compared what around SGD 500,000 can buy across Singapore and Malaysia. In Singapore, that amount may only get buyers into a small studio or act as a down payment for a much larger leveraged purchase.

In Kuala Lumpur, the same capital, converted to about RM1.7 million, can place investors in the premium condo segment or even allow them to consider more than one rental asset.

The Kuala Lumpur property market also benefits from a broader tenant pool. Professionals, students, expats, families, digital nomads, and regional workers all support rental demand in different parts of the city.

Areas like Mont Kiara, Bangsar South, Old Klang Road, Cheras, and KLCC cater to different renter groups, giving investors more ways to match a property with a real tenant base.

That said, cheap does not always mean good. A lower price only becomes an investment advantage when the property can attract tenants, control costs, and exit at a realistic resale value. As the old investing reminder goes, “Price is what you pay; value is what you get.”

For buyers comparing KL property investment opportunities, IQI Global’s Malaysia-based network can help connect investors with local market insights, new launches, and subsale opportunities across key neighborhoods in Kuala Lumpur. Approach us now!

2. Is KL property cheaper than Singapore property in 2026?

KL property is significantly cheaper than Singapore property in terms of rent, purchase price, and overall cost of living. This is one of the biggest reasons regional investors continue to compare property in Malaysia vs Singapore before making a decision.

According to Numbeo, the cost of living in Singapore, including rent, is 186.3% higher than in Kuala Lumpur, while rent prices are 377.2% higher.

Numbeo also estimates that a person would need around RM37,222.60 in Singapore to maintain the same standard of living as in Kuala Lumpur, where RM13,000 is sufficient, assuming rent is included in both cities.

Property purchase prices show an even wider gap. Numbeo data show that Singapore’s price per square meter in the city center is 491.1% higher than in Kuala Lumpur. Outside the city center, Singapore is 1,011.4% higher than Kuala Lumpur.

Global Property Guide also places Singapore among Asia’s most expensive residential markets, with Singapore at USD18,952 per sqm, while Kuala Lumpur luxury apartments are listed at USD2,628 per sqm as of April 2026. That gives investors a clearer picture of the breadth of the affordability gap across Asian cities.

Let us give you an example: Ali has SGD 500,000 to invest. In Singapore, he may struggle to buy a meaningful private residential asset without taking on a larger loan and dealing with heavy buyer taxes. In KL, the same budget can open the door to a premium condo in selected locations, or a stronger rental-focused unit in a practical neighborhood.

This is why Malaysia’s property affordability remains one of KL’s biggest advantages. It allows investors to enter the market with more breathing room, rather than putting all their capital into a single expensive, low-yield asset.

3. Which has better rental yield, KL or Singapore?

Kuala Lumpur generally offers a better rental yield than Singapore because property prices in KL are much lower relative to rents. Singapore rents are high, but property prices are even higher, which compresses yield.

Gross rental yield simply means how much yearly rent a property earns before deducting costs. Think of it as the first health check of a rental property, not the final profit number. It tells you whether the rent is strong compared with the purchase price.

According to Numbeo, Kuala Lumpur’s gross rental yield is 3.47% in the city center and 5.71% outside the center. Singapore records 2.57% in the city center and 2.74% outside the center.

PropCashflow also reports KL gross rental yields in many established rental areas ranging from around 5.0% to 7.5%, depending on location and property type. For example, Mont Kiara is listed at around 4.5% to 5.5%, Cheras at around 5.0% to 6.0%, and Old Klang Road at around 5.0% to 6.0%.

Property Genie provides an even broader view of KL rental-yield areas, identifying Cheras, Setapak, Sentul, Bangsar South, Bukit Jalil, Kepong, Mont Kiara, KLCC, Sri Petaling, and Old Klang Road as key rental markets for 2026. Its data show that selected areas, such as Cheras, can reach an estimated gross yield of 5.5% to 9.5%, depending on the project and entry price.

Here is the important part: rental yield in Kuala Lumpur depends heavily on the building, not just the area. Two condos in the same neighborhood can perform very differently. A well-managed building near transport, shops, and offices may rent quickly, while a tired building nearby may sit empty longer than leftover kuih raya after the office party.

Investors should also remember that gross yield is not net profit. Maintenance fees, sinking fund contributions, repairs, vacancy, property taxes, loan interest, and furnishing costs can reduce the final return. A 6% gross yield may look beautiful on paper, but the real test is whether it still works after costs.

4. Can foreigners and Singaporeans buy property in Malaysia?

Foreigners and Singaporeans can buy property in Malaysia, but they must comply with foreign ownership rules, state-level regulations, minimum purchase thresholds, and tax requirements. Singaporeans are generally treated as foreign buyers unless they hold Malaysian permanent resident status.

Malaysia’s rules are not one-size-fits-all. Foreign property ownership in Malaysia depends on the state, property type, and price threshold. For example, Kuala Lumpur generally applies a RM1 million minimum purchase threshold for foreign residential buyers, while other states may have different rules or exemptions.

The Business Times reported that Malaysia doubled the flat stamp duty on residential property transfers involving non-citizens and foreign companies to 8% from 1 January 2026. On a RM1.5 million property, that means RM120,000 in stamp duty on the transfer alone, compared with about RM44,000 under the tiered rates for Malaysian citizens.

This matters because the cost of property entry is not just the purchase price. A foreign buyer may also need to pay state consent fees, legal charges, valuation fees, registration fees, and financing-related costs. The Business Times cited expert comments that a foreign buyer’s total acquisition cost may run 8% to 11% above the headline price.

Let us give you an example: Sarah from Singapore sees a KL condo priced at RM1.5 million. At first, it may look affordable compared with Singapore. But once she adds 8% stamp duty, legal fees, consent costs, and financing requirements, the real cash outlay becomes much higher. The property may still be a good buy, but only if the rental and resale plans support the full cost.

Foreign buyer property rules in Malaysia should therefore be treated as part of the investment calculation, not a small technical detail. The smartest buyers ask three questions before buying: What is my real entry cost? Who will rent this unit? Who will buy it from me later?

5. How does Singapore ABSD make Singapore property harder for foreign buyers?

Singapore ABSD makes Singapore property much harder for foreign buyers because the tax adds a very high upfront cost before the investor earns any rental income. This is one reason many foreign buyers compare Singapore property with Malaysia property before committing capital.

ABSD means Additional Buyer’s Stamp Duty. It is an additional tax on top of the standard buyer’s stamp duty. For foreign buyers, it can feel like paying for a second, invisible property before even collecting the first month’s rent.

According to PropertyNet, a foreigner buying a S$1 million Singapore residential property faces 60% ABSD, equal to S$600,000. After adding buyer stamp duty and legal fees, the total upfront cost can exceed S$647,000 before financing.

Singapore property tax and cooling measures are designed to protect the local housing market and manage demand. This makes sense from a policy angle, but it changes the return calculation for foreign investors. A buyer who starts with a 60% tax burden needs strong appreciation just to justify the entry cost.

By comparison, Malaysia’s foreign-buyer stamp duty at 8% is still painful but far lower than Singapore’s 60% ABSD for foreigners. PropertyNet estimates Malaysia’s total upfront costs for foreign buyers may rise to roughly 9% to 10% for most residential purchases after the 2026 change.

This is why Singapore property is often better suited to investors who prioritize stability, prestige, and capital preservation. KL is more attractive for investors who care about rental income, space, and lower entry costs.

In short, Singapore is not weak. It is simply expensive to enter. KL is not automatically better either. It is more accessible, but investors must be sharper with location, tenant demand, and exit planning.

6. What are the best areas to invest in KL property?

The best areas to invest in KL property depend on the investor’s goal. For rental yield, practical areas like Cheras, Setapak, Sentul, Old Klang Road, and Bangsar South often deserve attention. For expat demand and premium tenants, Mont Kiara, Bangsar, and KLCC remain important.

PropertyGuru advises buyers to check whether visible neighborhood upgrades are backed by real financial data, such as rent, occupancy, and tenant demand. In simple terms, a new cafe is nice, but it does not automatically make your condo a strong investment.

Cheras is one of KL’s strongest yield-led areas because it combines lower entry prices with great rental demand. MRT connectivity has also improved its appeal among young professionals and families. PropCashflow notes that properties within walking distance of MRT stations tend to show higher occupancy and better rental performance.

Bangsar South works well for investors who want office-supported rental demand. Its tenant base includes professionals working in nearby commercial areas, making it more resilient than locations that depend only on lifestyle appeal. Property Genie estimates Bangsar South’s gross yields at around 5.8% to 6.8% based on its 2026 rent and transaction signals.

Mont Kiara remains one of the most established expat rental markets in Kuala Lumpur. Its strength comes from international schools, family-friendly condos, restaurants, services, and a long-standing expat ecosystem. However, investors must avoid overpaying, because a premium entry price can quickly reduce yield.

KLCC remains strong for prestige and premium tenants, but it is not always the best yield play. High prices can compress returns, especially in trophy towers. Older, well-managed buildings may sometimes produce better yields than newer luxury buildings with expensive branding.

Old Klang Road is a practical rental corridor because it offers central access, mature amenities, and a lower entry point than KLCC or Bangsar. PropCashflow highlights its connection to the Mid Valley and KL Eco City employment corridor, which helps support tenant demand.

Because each KL neighborhood behaves differently, investors can work with IQI Global consultants to compare demand in the area, rental expectations, and suitable property options before making a decision.

7. What risks should investors check before buying KL property?

Investors should check the full cost, tenant demand, resale liquidity, and building quality before buying a property in KL. The biggest mistake is assuming that a property is good just because it is cheaper than in Singapore.

The Business Times warned that a “cheap” Malaysian condo could cost Singapore buyers more than expected once taxes, financing rules, and exit liquidity are factored in. This is the key lesson: currency conversion is not investment analysis.

Resale liquidity is especially important. If locals are buying most properties in an area at RM400,000 to RM600,000, a foreign buyer entering at RM1 million or above must know who the future buyer will be. Otherwise, the property may look attractive at the point of entry but become hard to sell later.

PropertyGuru recommends buyers stress-test their numbers by assuming one month of vacancy, realistic repairs, and rent slightly below the highest advertised asking price. This is practical advice because investments should work under normal conditions, not only under perfect ones.

Let us give you an example: Daniel buys a condo because the brochure shows a 6% projected yield. But after one vacant month, with repairs, maintenance fees, and a slightly lower rent, his real return drops to around 4%. The property may still be decent, but it is no longer the easy win he imagined.

Currency risk is another point. A Singapore-based investor earning in SGD but collecting rent in MYR must consider exchange-rate movement. A weaker ringgit can make buying cheaper, but it can also reduce returns when rental income is converted back into SGD.

Building-level performance matters more than broad area hype. A well-managed condo in a normal area can outperform a poorly managed tower in a famous postcode. In KL, the boring building with clean lifts, good security, and steady tenants may beat the shiny project with a pool nobody maintains.

For investors who want support beyond online research, IQI Global combines local agent knowledge, data-led property matching and real estate services across buying, selling, renting, property management and investment advisory.

KL property remains relevant because it solves problems that Singapore property often cannot: affordability, space, and rental yield. Singapore still offers stronger liquidity and capital preservation, but KL gives investors a practical entry into Southeast Asia real estate.

The wise move is not to chase the cheapest unit. It is to buy the right property, in the right building, at the right price, for the right tenant.

Frequently Asked Questions (FAQs)

Explore KL property opportunities with IQI Global and connect with local experts who understand Malaysia’s market, rental demand, and foreign buyer journey.

Reference

1. Chuah, B. K. (2026, May 13). That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think. The Business Times. Retrieved from
   https://www.businesstimes.com.sg/international/asean/cheap-malaysia-condo-could-cost-singapore-buyers-far-more-they-think
2. Fezili, F. (2026). Top 10 best areas in Kuala Lumpur for rental yield 2026 (Condominiums & landed houses). Property Genie. Retrieved from
   https://www.propertygenie.com.my/insider-guide/top-10-areas-in-kuala-lumpur-for-rental-yield-2026-NjjUkLPJzYjTXYA3N825e7
3. Global Property Guide. (2026, April). Square meter/square foot prices in Asian cities. Retrieved from
   https://www.globalpropertyguide.com/asia/square-meter-prices
4. Numbeo. (2026, May). Cost of living comparison between Kuala Lumpur and Singapore. Retrieved from
   https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Malaysia&city1=Kuala+Lumpur&country2=Singapore&city2=Singapore
5. Numbeo. (2026, May). Property prices comparison between Kuala Lumpur and Singapore. Retrieved from https://www.numbeo.com/property-investment/compare_cities.jsp?country1=Malaysia&city1=Kuala+Lumpur&country2=Singapore&city2=Singapore
6. PropertyNet. (2026, May 4). Cross-border property investment: Singapore vs Malaysia vs Thailand in 2026. Retrieved from
   https://propertynet.sg/cross-border-property-investment-singapore-malaysia-thailand-2026/
7. PropCashflow. (2026, March 7). Kuala Lumpur property guide 2026: Best areas for investment. Retrieved from
   https://propcashflow.my/blog/kuala-lumpur-property/
8. PropCashflow. (2026, April 7). Singapore vs Malaysia property investment: Side-by-side comparison (2026). Retrieved from
   https://propcashflow.my/blog/singapore-vs-malaysia-property-investment-comparison/
9. Shah, M. (2026, April 29). How to track property rental yields and neighborhood uplift signals in Malaysia. PropertyGuru. Retrieved from
   https://www.propertyguru.com.my/property-guides/malaysia-rental-yield-signals-what-buyers-must-check-pjx-79654

The post Malaysia vs Singapore Property: Why Investors Still Choose KL? appeared first on IQI Blog.

Version: CN

Ready to take control of your finances with a digital bank? Malaysia’s banking landscape has exploded with exciting new options, and two stand out from the crowd: AEON Bank, Boost Bank, and GX Bank.

This guide will break down everything you need to know about AEON Bank and Boost Bank, from their origins and offerings to their current promotions.

By the end, you’ll have a clear understanding of what each bank brings to the table, helping you choose the best fit for your banking needs.

1.0 AEON Bank

1.1 What is AEON Bank?

AEON Bank is Malaysia’s pioneering Islamic digital bank.

It operates entirely online, meaning you can access all your banking needs through its user-friendly mobile app – no physical branches required.

AEON Bank focuses on offering a wide range of Shariah-compliant financial services, catering to both personal and business needs.

1.2 AEON Bank Launch Date

AEON Bank officially opened its doors to the public on May 26, 2024.

This marked a significant milestone for Malaysia’s digital banking scene, as AEON Bank became the country’s first Islamic digital bank.

1.3 Who Owns AEON Bank?

AEON Bank is a joint venture between two subsidiaries of Japan’s leading retail group, AEON Group:

• AEON Financial Service, Ltd. (AFS)
• AEON Credit Service (M) Berhad (AEON Credit)

1.4 CEO of AEON Bank

The current CEO of AEON Bank (M) Berhad is Raja Teh Maimunah Raja Abdul Aziz. She assumed the role in December 2022, bringing over 30 years of experience in the financial services industry.

Before joining AEON Bank, she held leadership positions at various prominent financial institutions in Malaysia and the GCC region. 

Click here to preview the AEON Bank’s full committee members

1.5 AEON Bank Partner and Collaboration

AEON Bank has partnered with several key players to expand its offerings and reach a broader customer base. Two notable collaborations include:

• Visa: This partnership resulted in the launch of the AEON Bank x Visa Debit Card-i, a Shariah-compliant card offering access to Visa’s vast network of merchants and payment solutions.
• Zurich Malaysia: This collaboration focuses on expanding access to Syariah-compliant takaful (Islamic insurance) solutions through AEON Bank’s platform.

1.6 Is AEON Bank Shariah-compliant?

AEON Bank is fully Shariah-compliant. It operates under the Islamic Financial Services Act 2013 (IFSA).

AEON Bank has a dedicated Shariah Committee comprised of experts in Islamic finance, ensuring all its products, services, and operations adhere to Islamic principles.

1.7 Is AEON Bank under BNM?

AEON Bank is licensed and regulated by Bank Negara Malaysia (BNM). This means it operates under BNM’s guidelines and is subject to their oversight, ensuring stability and security for its customers.

1.8 Interest Rate for AEON Bank Savings Account

Currently, AEON Bank offers a profit rate of 3.88% per annum on its Savings Account-i and Savings Pot. This rate is valid until August 31, 2024.

The profit is calculated based on the total balance in your account at the end of each day and is credited to your account on the last day of the month.

AEON Bank hasn’t announced the standard profit rate that will apply after August 31st. We’ll need to wait for an update after the campaign ends.

1.9 Current Promotion

AEON Bank is currently running several enticing promotions for new customers:

• Sign-up Bonus: Receive 3,000 Aeon Points upon registration, which you can convert to cash.
• 3X Aeon Points: Earn triple the AEON Points for every RM1 spent using the AEON Bank x Visa Debit Card-i until August 31, 2024.
• 3.88% Profit Rate: Enjoy a 3.88% per annum profit rate on your Savings Account-i and Savings Pot until August 31, 2024.
• Free Debit Card: Get the physical AEON Bank Visa Debit Card-i for free during the introductory period.
• Free AEON Points Membership: Enjoy a one-year waiver of the RM12 annual membership fee for the AEON Points Programme.

1.10 How to Sign Up for AEON Bank

Signing up for AEON Bank is a simple process:

1. Download the App: Download the AEON Bank app from your preferred app store.
2. Register: Create an account by providing your personal information.
3. E-KYC Verification: Complete the e-KYC (electronic know your customer) process by providing your MyKad details and taking a selfie.
4. Bank Transfer: Make a minimum transfer of RM20 from your existing Malaysian bank account to your newly created AEON Bank account.

1.11 Download Platform

AEON Bank’s app is available for download on both Android and iOS platforms:

• Android: Google Play Store
• iOS: Apple App Store

2.0 Boost Bank

2.1 What is Boost Bank?

Boost Bank is Malaysia’s first homegrown digital bank, a joint venture between Axiata Group’s fintech arm Boost and RHB Banking Group.

Boost Bank aims to revolutionize banking by offering accessible and integrated financial services to all Malaysians.

2.2 Boost Bank Launch Date

Boost Bank officially launched on January 15, 2024, with its app available on the Apple App Store and Google Play Store.

2.3 Who Owns Boost Bank?

Boost Bank is owned by the Boost-RHB Digital Bank Consortium, with Boost holding a 60% stake and RHB holding the remaining 40%.

2.4 CEO of Boost Bank

The CEO of Boost Bank is Fozia Amanulla, who was appointed to the position shortly before the bank’s launch.

2.5 Boost Bank Partners and Collaboration

Boost Bank’s primary partner is RHB Banking Group, a well-established Malaysian bank with a strong track record.

This collaboration leverages Boost’s fintech expertise and RHB’s banking experience to provide a unique and robust digital banking solution.

Boost Bank also announced exciting partnership promotions launching in the coming months.

These collaborations aim to empower both unbanked and underbanked individuals by offering rewards and savings on essential everyday purchases.

The partnerships will include CelcomDigi, MYDIN, Bataras, Sdn Bhd, CKS Retail Sdn Bhd, Farley (KCH) Sdn Bhd, Servay Hypermarket (Sabah) Sdn Bhd, and Boulevard Hypermarket and Departmental Store Sdn Bhd.

2.6 Is Boost Bank Shariah-compliant?

Boost Bank offers a range of Shariah-compliant services, including its PayLater solution, Boost PayFlex, which allows for QR code payments and in-app transactions.

2.7 Is Boost Bank Under BNM?

Boost Bank is licensed and regulated by Bank Negara Malaysia (BNM), ensuring its operations adhere to strict regulatory standards.

2.8 Membership Tier

Boost Bank offers three membership tiers:

• Boost Basic: Open to anyone who signs up for a savings account.

• Platinum President: Requires a minimum deposit of RM2,000 in your savings account or Savings Jar, maintained for at least 25 days within a calendar month.

• Platinum President with Partner Benefits: Similar to Platinum President, but requires monthly shopping with selected partners through Boost e-wallet to unlock higher interest rates and additional perks.

2.9 Interest Rates for Boost Bank Savings Account

The interest rates for Boost Bank’s Savings Account and Savings Jar depend on your membership tier:

Boost Basic:

• Savings Account: 0.5% p.a.
• Savings Jar: 1.5% p.a.

Platinum President:

• Savings Account: 2.5% p.a.
• Savings Jar: 3.2% p.a. (Promotion: 3.6% p.a.)

Platinum President with Partner Benefits:

• Savings Account: 2.5% p.a.
• Savings Jar: 3.6% p.a.
• *Special Groceries Jar Promotion: 4% p.a.*

2.10 Current Promotion

Boost Bank is currently offering a promotional interest rate of 3.6% p.a. on Savings Jars for Platinum President tier users, starting from June 5 until August 31, 2024.

This promotion has a deposit cap of RM200 million.

Additionally, a Special Groceries Jar Promotion with 4% p.a. daily interest rates is announced for Platinum President with Partner Benefits users, starting from June 13 to September 30, 2024.

2.11 How to Sign Up for Boost Bank

Signing up for Boost Bank is straightforward:

1. Download the app: Get the Boost Bank app from the Google Play Store or Apple App Store.
2. Create an account: Follow the on-screen instructions to register your account.
3. Verify your identity: Complete the eKYC process by providing required documents.
4. Open a Savings Account: Choose your desired membership tier and start your banking journey.

2.12 Download Platform

Boost Bank’s app is available for download on both Android and iOS platforms:

• Android: Google Play Store
• iOS: Apple App Store

3.0 GX Bank

 3.1 What is GX Bank?

GX Bank is a bank that you can access fully on your phone app with no physical branches needed. Being the first fully digital bank in Malaysia, it is launched by Grab, the e-hailing service.

PS; GX Bank is not shariah-compliant.

GX Bank main focus in a nutshell is to make banking accessible and beneficial for all Malaysians.

They also aim to help people save money and reach their financial goals.

3.2 GX Bank Launch Date

GX Bank officially launched their digital bank to the people on 1^st September 2023.

This marked GX Bank in the history books as it is the first approved digital bank in Malaysia adding in that an e-hailing service company made it happen!

3.3 Who owns GX Bank?

GX Bank is a joint venture that has a few key players which includes:

• Grab Holdings Limited
• Singapore Telecommunications Limited (Singtel)
• Consortium of Malaysian Investors

3.4 CEO of GX Bank

The CEO of GX Bank is Lai Pei Si who is involved extensive experience in the banking industry before becoming the CEO of a digital bank.

Lai Pei Si was positioned senior roles within Standard Chartered which includes Branch & Priority Banking management, Wealth Product Development, and Channel Strategy.

Click here to continue browsing through GX Bank’s committee members.

3.5 GX Bank Collaborations

As of 24^th July 2024, GX Bank has no direct collaborations with other established bank companies. However, future collaborations are possible.

DuitNow Integration: GX Bank integrates with DuitNow, a national interbank funds transfer network.

This allows GX Bank users to send and receive money from users of other banks using DuitNow.

In a way, we can say that this is an indirect collaboration for specific functionalities.

3.6 Is GX Bank under BNM?

Yes, GX Bank is licensed and regulated by Bank Negara Malaysia (BNM) ensuring that GX Bank functions safely and soundly within the Malaysian financial system.

3.7 Interest Rate for GX Bank Savings Account

GX Bank offers a daily interest rate of 3%  per year on their savings account balance. This is a competitive rate compared to traditional banks in Malaysia.

The interest is calculated and credited daily, which means your money grows rather faster than other banks.

You don’t need to have a minimum amount of money in your account to earn interest.

Your money is readily accessible, making it penalty-free when you want to withdraw your money.

3.8 How to Sign up for GX Bank

It will only take you less than 4 minutes to apply as GX Bank says!

1. Download the app: Get GX Bank from the Google Play Store or Apple App Store.
2. Create your account: Open the app and click on “create account” to start.
3. Prepare your info: Have your valid MyKad (Malaysian Identification Card), Malaysian-registered mobile number, and a valid email address ready.

You’ll also need an existing bank account from other traditional bank in Malaysia ready.

4. Verify your identity: You will need to take a selfie and picture of your Mykad for verification.

5. Activate your account: Once approved, you’ll need to make a small deposit into your account to activate it!

3.9 Download Platform

GX Bank’s app is available for download on both Android and iOS platforms:

Android: Google Play Store

iOS: Apple Store

4.0 AEON Bank vs. Boost Bank vs. GX Bank: A Side-by-Side Comparison

To help you make the best decision for your needs, here’s a quick comparison table highlighting the key differences between AEON Bank, Boost Bank and GX Bank:

Interested in property investment? Need assistance from us? We are happy to help you! Sign up below and our investment expert will approach you soon. let’s become a wise investor and secure your favorable return for a better future!

Continue Reading:

1. Fixed Deposit: Which Bank Has the Best FD Rates for June 2024? + Quick Guide to Fixed Deposits (FD & FD-i)
2. GX Bank: 3% Interest and Zero Fees! Is It Worth the Hype? Here’s My Experience
3. Bank Negara’s Unchanged OPR Ensures Housing Market Stability 

The post Things you should know about AEON Bank, Boost Bank, and GX Bank in 2024  appeared first on IQI Blog.