Which One Is ACTUALLY Worth Your Money? 💳🔥
Malaysia’s digital banking scene is exploding in 2025.
New apps, sleek cards, crazy interest rates, cashback, AI features — everyone is fighting for your attention (and your deposits).
But here’s the real question 👇
Which digital bank truly gives the most value — not just pretty cards?
After personally using and researching every single one, here’s my honest Top 5 Digital Banks in Malaysia for 2025, ranked from #5 to #1 based on:
-
Innovation & features
-
Ecosystem strength
-
Real value for users
-
Islamic vs conventional options
-
Long-term potential (not just hype)
Let’s break it down 👇
#5 — KAF Digital Bank (For Early Adopters 🧪)
KAF Digital Bank officially opened to the public in August 2025, making it one of the newest players in the market.
It is:
-
🇲🇾 Malaysia’s second Islamic digital bank
-
Fully licensed under Bank Negara Malaysia
-
Backed by KAF Investment Bank + fintech names like Carsome, MoneyMatch & StoreHub
What’s good?
-
Qard Savings Account-i
-
Up to 5% hibah p.a. for the first RM2,000
-
Weekly hibah payments
-
No physical branches = fully digital
Limitations
-
No physical debit card yet
-
No cashback or major rewards
-
App still very basic
👉 Best for: Early adopters who want a Shariah-compliant digital bank and don’t mind limited features (for now).
#4 — Boost Bank (Best for Existing Boost Users ⚡)
Launched in June 2024, Boost Bank is backed by Axiata + RHB, and it shows.
Highlights
-
Savings rate up to 3.6% p.a. (can hit 4% during promos)
-
“Pots” feature for saving goals
-
Strong integration with Boost eWallet
-
Massive traction: RM700M deposits in 6 months
Downsides
-
Not Shariah-compliant
-
Best rates are mostly promotional
-
ATM withdrawal fees apply
👉 Best for: Heavy Boost eWallet users who want everything in one ecosystem.
#3 — GXBank (The Grab Powerhouse 🚗🍔)
GXBank is Malaysia’s first digital bank, launched in November 2023, backed by Grab + Kuok Group.
Why it stands out
-
Daily interest payouts (yes, DAILY)
-
GX Savings: 2% p.a.
-
GXBiz (SME account): up to 4% p.a. for eligible Grab merchants
-
No minimum balance
-
1% unlimited cashback on overseas spending
-
Zero annual card fee
Bonus feature
-
GX FlexiCredit: instant revolving credit line up to RM150,000
👉 Best for: Grab users, merchants, and SMEs who want ecosystem advantages + liquidity.
#2 — AEON Bank (Best Islamic All-Rounder 🕌)
Launched in May 2024, AEON Bank became Malaysia’s first Islamic digital bank.
Strong points
-
Savings Pot with 3% p.a.
-
Daily profit calculation (credited monthly)
-
Grocery cashback up to 8X AEON Points
-
ATM fees refunded
-
Shariah-compliant financing up to RM50,000
-
SME Islamic business accounts
Drawbacks
-
Monthly profit payout only
-
App feels slightly clunky
-
Minimum RM20 balance required
👉 Best for: Users who want Shariah-compliant banking + cashback for daily spending.
🥇 #1 — Ryt Bank (The AI Bank That Changed Everything 🤖💥)
Launched in August 2025, Ryt Bank instantly stole the spotlight.
Why?
Because it’s the world’s first AI-powered digital bank.
Backed by YTL Group + Sea Limited (Shopee), Ryt Bank is playing a different game.
Insane features
-
4% p.a. on savings (up to RM20,000)
-
Daily interest credit
-
AI assistant that:
-
Transfers money via chat
-
Pays bills from screenshots
-
Handles JomPAY automatically
-
-
BNPL with instant approval (no documents)
-
Overseas spending: 1.2% unlimited cashback
-
Zero FX markup
-
No annual card fee
It literally feels like having a personal banker inside your phone, 24/7.
The only downside?
-
Not Shariah-compliant (yet)
👉 Best for: Users who want maximum returns, automation, AI convenience, and premium features.
My Personal Setup 💼
I use:
-
AEON Bank → daily spending & groceries (cashback wins)
-
Ryt Bank → savings (4% daily interest = unbeatable)
Final Thoughts 💭
Digital banks are no longer “nice to have” — they’re becoming financial power tools.
But remember 👇
Saving alone won’t make you wealthy. Investing does.
🚀 Ready to Invest Beyond Digital Banks?
If you’re already earning interest from digital banks, the next smart move is to let your money grow through ETFs — diversified, low-cost, and beginner-friendly.
I personally use moomoo to invest in ETFs because:
-
Ultra-low fees
-
Real-time market data
-
Powerful charts (even for beginners)
-
Easy access to global ETFs (US, China, Asia)
👉 Start investing in ETFs with moomoo here:
🔗 https://j.moomoo.com/0xFRE4
Don’t just let your money sit.
Make it work harder for you.
🔥 If you found this useful:
-
Share this with a friend
-
Comment your Top 3 digital banks
-
Which card design do you like most? 👀
#DigitalBankMalaysia #Fintech2025 #PassiveIncome #MoneyTalks #ETFInvesting #moomoo #WealthBuilding #PersonalFinanceMY
