Ryt Bank enhances 4% savings with new cashback, smarter features and daily rewards this December
This coming December, Ryt Bank is doubling down on its popular 4% p.a. savings rate, a feature that has quickly gained traction among Malaysians. The bank is rolling out upgraded rewards, expanded cashback perks, and smarter automation to help users stretch every ringgit even further.
Keeping the 4% p.a. Rate
Ryt Bank confirms it is keeping its headline 4% p.a. Save Pockets rate, but is making it easier for customers to continue enjoying it. Users simply spend with their Ryt Card as usual to earn stamps automatically.
The bank starts everyone off with two free stamps, requiring only three transactions in the first month to unlock the boosted rate. After that, customers need just five stamps every 30 days to maintain 4% p.a. with no lock-in period, and interest continues to be paid daily.
Expanded Cashback for Everyday Spending
Beginning December, Ryt Bank users can earn up to RM12 cashback monthly for local transactions at MyDebit merchants nationwide, including major chains such as Secret Recipe, FamilyMart, 7-Eleven, Tealive, MyNews, Lotus’s, Mr DIY, Guardian and 99 Speedmart. With more than 300000 participating merchants across Malaysia, customers can easily redeem cashback through their daily purchases.
Unlimited Overseas Cashback With Zero FX Fees
For international transactions, the Ryt Card now offers unlimited 1.2% overseas cashback, covering all foreign physical card purchases. The bank also removes foreign exchange mark-up fees entirely, making it a more cost-efficient option for travellers.
Ryt PayLater With Instant Approval
The bank is also expanding its credit services with Ryt PayLater, giving users instant access to up to RM1499 in credit. The first month is interest-free, requires no documents, and carries no late fees, further simplifying access to short-term financing.
Ryt AI Rewards Integrated Into Daily Banking
Ryt AI, the bank’s AI-powered assistant, now provides additional rewards when customers transact through the feature. Users can earn up to RM5 when completing tasks such as JomPAY bill payments, making the app’s AI tools more meaningful to day-to-day usage.
A Growing AI-Powered Banking Ecosystem
CEO Melvin Ooi emphasised that customer feedback guided Ryt Bank’s latest upgrades, noting that Malaysians want “great savings, real cashback, and smart tools that make life easier.”
Since launch, Ryt Bank has attracted hundreds of thousands of Malaysians, many of whom are already earning daily interest and cashback across savings, payments, credit and AI-driven features. The bank says its mission is to make digital banking feel more human, more connected and more rewarding.
Availability
The upgraded rewards — including the enhanced 4% unlock, local and overseas cashback, Ryt PayLater access, and Ryt AI rewards — will be available starting 1 December through the Ryt Bank app, with terms and conditions applied. Stay tuned for more trending tech news at TechNave.com.
