Estimated reading time: 7 minutes
Ryt Bank, Malaysia’s fifth digital bank and the world’s first AI-powered bank for payments, just launched, and it’s a total game-changer. Sign up, breeze through KYC, and have a full bank account ready as fast as 2 minutes.
Here’s what you’re getting:
- 4% p.a. interest (paid daily, no lock-in)
- 1.2% unlimited cashback for in-store oversea payments
- PIDM protection
- Bank Negara Malaysia licensing
- a cool-looking Ryt Card (limited edition for the first 20k users).
Oh, and stick around, I’ll show you how to bag RM225 in free cash!
Disclaimer: This post is made in collaboration with Ryt Bank, but rest assured – reviews and opinions are all my own and Ryt Bank does not get to amend the content in this article.
TABLE OF CONTENTS
Who Owns Ryt Bank?
If you’re curious how to pronounce ‘Ryt’, it’s actually pronounced ‘Right’, in line with their tagline – Banking Done Right. And although Ryt Bank is a fresh brand, it’s backed by two old-timers:
- YTL Group: One of Malaysia’s largest listed companies (RM74.7b combined market cap, July 2025). Owned and partially owned these: Lot 10, The Ritz-Carlton, YES 5G, KLIA Ekspres, and even a $4.3b AI data centre in Johor with Nvidia.
- Sea Limited: The brains behind Shopee, Garena and SeaMoney which needs no further introduction
Since Ryt Bank is licensed by Bank Negara Malaysia and covered by PIDM (up to RM250,000), it’s as safe as traditional banks like Maybank or CIMB.
Why You Should Sign Up Now
Ryt Bank’s Save Pocket, a savings account is now offering:
- 4% p.a. interest (until 30 Nov 2025) for the first RM20,000.
- 3% p.a. interest thereafter.
- Interest paid daily.
- No fees, no lock-in.
Quick math:
Total days = 6 (26 Aug – 31 Aug) + 30 (September) + 31 (October) + 30 (November) = 97 days
Daily interest rate = 4% / 365 = 0.01095890411%
Daily interest amount
= Principal × Daily interest rate
= RM20,000 × 0.000109589
≈ RM2.19178 per day
Total interest
= Daily interest × Number of days
= RM2.19178 × 97 days
≈ RM212.60
RM20,000 in Ryt Bank @ 4% p.a. = RM212.60 earned by campaign end.
RM20,000 in a traditional savings account @ 0.1%p.a. = RM5.32 earned.
That’s nearly 40x more free money!
Ryt Bank vs Other Banks/Digital Banks/Fintechs: Which is the best? (Comparison Table)
Before you compare their 4% rates with money market funds like TNG GO+ or Moomoo’s Cash Plus, you’ll need to know that this 4% is a PIDM guaranteed savings product in case the company goes under, instead of an investment product which doesn’t have that guarantee – so, no risk involved at all.
And if you compare to other digital banks licensed in Malaysia, clearly Ryt Bank is giving the highest interest rate as of the writing of this article. Yes, KAF gave 5% in the past but it is only limited to the first RM2,000 plus the rate is not guaranteed. Meaning, it is still subject to the bank’s discretion.
Ryt Card Perks
- Limited edition design for first 20,000 users.
- 1.2% unlimited cashback for overseas in-store spend (until 30 Nov 2025).
- Zero foreign exchange fees (until 30 Nov 2025).
- Waived ATM withdrawals nationwide. *You will still see that RM1 charge on the ATM machine but the fee will be waived and paid back to you later via the app.
- Free RM8 Shopee voucher (until Nov 30 2025 or while stocks last).
- PayLater up to RM1,499, 0% interest for first month (QR spend only).
Ryt AI: World’s first AI-powered bank for payments
Imagine this:
- Text to Pay: You text Ryt Bank “Pay Amelia RM50” and instantly the money is transferred.
- Text to Transfer: If for some reason you end up having someone’s bank details on a piece of paper… no problem, all you need to do is to take a picture of that paper, and their AI feature will read and perform the transfer for you – with your confirmation of course.
Try out this Ryt AI feature before 30th September 2025 and get up to RM5 cashback reward!
Here is how to get it: Every time you perform a transaction with Ryt AI with a minimum of RM10 transacted value, you get RM1. Do it for up to 5 times, and you get RM5 (RM1x5). You can basically complete this back-and-forth transfer with your friends in a few minutes.
And just to give you a peace of mind, this Ryt AI is backed by bank-grade security. That means every move with Ryt AI is encrypted and protected.
Other Features
- DuitNow, QR, online transfers, JomPay available.
- Save Pocket tracker lets you split goals (travel fund, bills, etc.).
- Real-time expense tracking with smart categorization, visual breakdown and merchant details.
- Security tools: freeze/unfreeze card, spending limits.
*Apple Pay & Google Pay expected soon.
TL;DR
To recap on the perks and campaign period:
| Perks | Campaign Period |
| 4% p.a. interest (Save Pocket) for first RM20,000 | Now – 30 November 2025 |
| 3% p.a. interest for anything above RM20,000 | Last until further announcement |
| Ryt Card: 1.2% unlimited cashback for in-store oversea payment | Now – 30 November 2025 |
| Ryt Card: Zero foreign exchange fees | Now – 30 November 2025 |
| Ryt Card: Free ATM withdrawal nationwide | Last until further announcement |
| Ryt Card: RM8 Shopee Voucher | Now – 30 November 2025 (while stock lasts) |
| Ryt AI: Transfer RM10 to get RM1 cashback (capped at 5 times) | Now – 30 September 2025 |
And by signing up today, you can pocket in:
- RM212.60 (Save Pocket @ 4% p.a.).
- RM8 Shopee voucher.
- RM5 from trying Ryt AI transfer.
That’s RM225.60!! So sign up today with my link here!
Final Thoughts
With the backing of YTL and Sea Limited, plus Bank Negara licensing, Ryt Bank looks like the strongest digital bank launch so far. If they extend the 4% campaign and add local cashback (like GX Bank’s 1%), it could easily be the best everyday account in Malaysia.
Digital banks in Malaysia are finally heating up, and as consumers, we’re the biggest winners.
If you prefer a video version of this article, I have made a video covering the exact same thing – do check it out here!
F&Q
Is Ryt Bank Safe?
Ryt Bank is protected by PIDM, which insures eligible deposits up to RM250,000 per depositor.
Is Ryt Bank Shariah-compliant?
No. Ryt Bank is not Shariah-compliant
When Will Ryt Bank’s 4% Interest Rate End? (Latest Update)
Under the latest campaign (1 December 2025 to 31 March 2026), you need to collect 5 stamps to unlock the 4.0% interest rate. Each stamp requires a minimum RM10 transaction made using the Ryt Card or via JomPAY bill payment.
Share the Wealth
Found this information useful? Share this post with your friends and family to help them stay informed about what’s happening around them. And if you’re not already subscribed, join our community to receive more insightful content directly to your hands.
