Ryt Bank Maintains 4% Savings Rate with New December Rewards
Malaysia-based Ryt Bank has announced it will continue offering its 4 percent per annum savings rate while introducing enhanced cashback features and rewards starting December 2025. The digital bank, which markets itself as an AI-powered financial institution, aims to provide customers with multiple earning opportunities through everyday spending and banking activities.
The bank’s Save Pockets feature will maintain the 4 percent annual interest rate, with customers required to use their Ryt Card for regular transactions to unlock the bonus rate. New users receive two free stamps upon signup, needing only three successful transactions in their first month to activate the enhanced rate. Subsequently, account holders must collect five stamps every 30 days through card usage or JomPAY bill payments to continue earning the boosted interest. The interest accrues daily without lock-in periods.
December 2025 brings expanded cashback options for Ryt Bank customers. Local spending at MyDebit-accepting merchants will earn 1.2 percent cashback, capped at RM12 monthly. Participating retailers include Secret Recipe, FamilyMart, 7-Eleven, Tealive, MyNews, Lotus’s, Mr DIY, Guardian, and 99 Speedmart, alongside over 300,000 physical merchants across Malaysia. For international transactions, the bank offers unlimited 1.2 percent cashback on all foreign physical card purchases with zero foreign exchange fees.
The bank has also introduced Ryt PayLater, providing instant credit access up to RM1,499 with zero percent interest for the first month. The service requires no documentation and charges no late fees. Additionally, Ryt AI Rewards allows customers to earn up to RM5 through transactions facilitated by the bank’s AI assistant, including JomPAY payments.
Since launching, Ryt Bank reports having welcomed hundreds of thousands of Malaysian customers who utilize its ecosystem spanning savings, payments, credit, and AI-assisted banking services. The December enhancements reflect the bank’s strategy to reward customers for their regular financial activities within a single platform.
All new features become available on December 1, 2025, through the Ryt Bank mobile application. Terms and conditions apply to all promotional offers and services.
