DuitPlus Savings Account-i is Al Rajhi Bank Malaysia's digital-only Islamic savings account, opened in the MY alrajhi app and structured as commodity murabahah (Tawarruq). As of 15 July 2026 it pays 0.67% a year on balances under RM5,000, 2.08% from RM5,000 to RM49,999.99, 3.00% from RM50,000 to RM999,999.99 and 3.50% from RM1 million. A Savings Pot inside the same account pays 3.08% on any amount. Deposits are PIDM-protected up to RM250,000. For a saver with RM50,000 or more, or anyone willing to use Pots, it is one of the better Islamic savings accounts in Malaysia; under RM5,000 in the main balance it earns very little.
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What DuitPlus is, and what happened to Rize
If you searched for 'Rize', the product you remember still exists under a new name. On 8 June 2025 Al Rajhi Bank Malaysia launched MY alrajhi as the single mobile app for retail customers, replacing both the Rize app and alrajhi@24seven. The bank's announcement renamed the Rize Savings Account-i as DuitPlus Savings Account-i and said the then 3.3% profit rate would continue 'until further notice'. The alrajhi@24seven portal and app were decommissioned on 1 July 2025. The rate has since moved to the tiered structure below, and rize.com.my is now an unrelated banking guide site with no connection to the bank, so do not type account details there.
The account is open to Malaysian citizens aged 18 and above, and the product page sets out the onboarding sequence. Everyday rails are included once the account is live: DuitNow transfers, DuitNow QR, JomPAY bill payments, and an optional Visa Debit Card-i ordered in the app.
- Download MY alrajhi from the Apple App Store or Google Play and create a username and password
- Verify your identity with your physical MyKad or MyTentera and take a selfie
- Enter your personal and employment details to complete the account setup
- Transfer at least RM20 from a Malaysian bank account or online wallet to activate the account
- Wait out the 12-hour cooling-off period that applies after activation before you get full access
The published tier table and how profit is paid
Al Rajhi publishes the DuitPlus tiers on both the product page and its rates board, dated 15 July 2026. Profit is calculated daily on the end-of-day balance at the applicable tier rate and credited at month-end. The rates are stated as 'exclusive of the 0.01% agency fee (including SST)', which is the wakalah bil ujrah fee the bank charges for executing the commodity trades, and they are 'subject to change at the Bank's discretion'. The product page describes profit 'based on your account balance tier'; the examples below assume the whole balance earns its tier rate, which you should confirm against the product disclosure sheet before relying on it.
| Balance band (RM) | Profit rate (p.a.), updated 15 July 2026 |
|---|---|
| Up to 4,999.99 | 0.67% |
| 5,000.00 to 49,999.99 | 2.08% |
| 50,000.00 to 999,999.99 | 3.00% |
| 1,000,000.00 and above | 3.50% |
Two other figures matter for day-to-day use. The minimum balance to keep the account is RM10, and the debit card carries a RM10 annual fee. Neither the product page nor the rates board lists a monthly maintenance fee or a transaction-count condition for the profit rate, which puts DuitPlus in the simple category: Tawarruq, so the rate is a contractual profit rather than a discretionary hibah.
Savings Pots at 3.08%: the quiet best rate in the account
The rates board lists 'DuitPlus Savings Pot profit rates' at 3.08% a year on any amount, updated 15 January 2026. That is a full percentage point above the 2.08% tier and still above the 3.00% tier, so a saver with RM20,000 earns more by moving it into a Pot than by leaving it in the main balance. Pots are goal-based sub-accounts created in the app; Al Rajhi markets them as a commitment device, which implies some friction on withdrawal, so read the Pot terms in the app before parking money you might need at short notice. Whether Pot balances count toward the main account's tier is not stated on the pages we fetched.
Term Deposit-i on top: the grid and the app bonus
Al Rajhi's Term Deposit-i and Upfront Profit Term Deposit-i are also commodity murabahah, with a RM500 minimum placement and PIDM protection. Term Deposit-i runs from 1 to 60 months with profit at maturity; the Upfront Profit version pays profit the next day on 1, 3, 6, 9 or 12 month tenures. Placing through the MY alrajhi app adds 0.20% a year on Term Deposit-i and 0.15% on the Upfront Profit version over the counter rate. A special campaign on Term Deposit-i ran from 22 August to 30 September 2026 and had ended by our check; the Upfront Profit campaign of 3.15% to 3.70% runs from 1 September to 31 December 2026.
| Tenure | Term Deposit-i standard | Term Deposit-i via app | Upfront Profit TD-i campaign (1 Sep to 31 Dec 2026) |
|---|---|---|---|
| 1 month | 2.00% | 2.20% | 3.15% |
| 3 months | 2.10% | 2.30% | 3.40% |
| 6 months | 2.20% | 2.40% | 3.70% |
| 9 months | 2.25% | 2.45% | 3.70% |
| 12 months | 2.30% | 2.50% | Not listed |
The stacking logic is straightforward. Keep the amount you may need within three months in a Savings Pot at 3.08%, and lock the rest into the Upfront Profit Term Deposit-i campaign at 3.70% for six or nine months while it lasts. Outside campaign windows the term deposit standard rates sit below the Pot rate, so the Pot becomes the default home for savings. Our Islamic term deposit rate comparison tracks how Al Rajhi's grid compares with other banks' boards.
PIDM protection: RM250,000 per depositor, Islamic and conventional separately
Al Rajhi Banking & Investment Corporation (Malaysia) Bhd is a PIDM member bank, and PIDM's deposit insurance page confirms the limit: RM250,000 per depositor per member bank, covering principal and profit. Islamic and conventional deposits at the same bank are protected separately, and deposits at different member banks are protected separately. Protection is automatic. A saver holding RM300,000 in DuitPlus is covered for RM250,000; splitting RM50,000 to a second member bank restores full cover without giving up the 3.00% tier, because that tier starts at RM50,000. PIDM's brochure, linked from Al Rajhi's own footer, has the detail on joint accounts and trust accounts.
Branch and cash access for a foreign-owned bank
Al Rajhi Bank Malaysia is the Malaysian subsidiary of Saudi Arabia's Al Rajhi Bank, and its physical footprint is small. The branch locator's default Klang Valley tab lists a Shah Alam Smart Financial Centre and a Bangsar branch, with the head office at Integra Tower on Jalan Tun Razak; there is a separate tab for locations outside the Klang Valley and one for ATMs. Branch hours are 09:15 to 16:15, Monday to Friday in most states, with a Friday prayer closure. Customer care runs 24 hours on +603-2332 6000. In practice, cash comes out through the Visa Debit Card-i at any ATM that accepts it, and cash goes in by transfer from another bank rather than over a counter. Our foreign Islamic banks guide explains why that model suits some savers and not others.
Worked annual return on RM20,000 and RM100,000 versus two rivals
The two closest digital rivals are AEON Bank, whose Savings Pot pays 3.00% a year with PIDM protection, and KAF Digital Bank, whose savings account pays a discretionary hibah that its product page records historically at 5.00% on the first RM2,000 and 3.00% above that. The distinction matters: KAF's page states that historical hibah 'cannot be interpreted as indicative hibah' and creates no obligation, while Al Rajhi's and AEON's rates are contractual Tawarruq profit until changed. Public Islamic Bank's ForU2Save page returned 'page not found' when we fetched it, so its rate is not compared here.
| Account | RM20,000 for a year | RM100,000 for a year | Basis |
|---|---|---|---|
| DuitPlus main balance | RM416 (2.08%) | RM3,000 (3.00%) | Tawarruq, tier rate on whole balance |
| DuitPlus Savings Pot | RM616 (3.08%) | RM3,080 (3.08%) | Tawarruq, flat Pot rate |
| AEON Bank Savings Pot | RM600 (3.00%) | RM3,000 (3.00%) | Tawarruq, flat Pot rate |
| KAF Digital Bank savings | About RM640 | About RM3,040 | Discretionary hibah, historical 5.00% to RM2,000 then 3.00% |
The figures are simple annual arithmetic on the published rates, before the 0.01% agency fee and before any rate change; actual monthly crediting on a daily balance will differ slightly. The ranking is tight. KAF's historical hibah edges ahead on both amounts, but it is a gift the bank may stop paying. Among contractual rates, the DuitPlus Pot leads AEON's Pot by 0.08 points, and the DuitPlus main balance only catches up at RM50,000. For the full stacking method across banks, see how to stack halal savings rates.
Our view: who should open DuitPlus
Open it if you already bank digitally, hold RM50,000 or more in cash, or are disciplined enough to run your savings through Pots at 3.08%. The Tawarruq contract gives a stated rate rather than a hoped-for hibah, PIDM covers RM250,000, and the Upfront Profit Term Deposit-i campaign at 3.70% to the end of December 2026 is a clean place for six-month money. Keep the main balance above RM5,000 or the 0.67% tier makes the account pointless as a store of value.
Skip it, or pair it with another bank, if you deposit cash regularly, live outside the Klang Valley and want a counter, or want a current account with cheques. Use the provider directory to shortlist a full-service Islamic bank for salary and bills, and the compare tool to set DuitPlus against AEON and KAF on the balance you actually hold. Re-check the rates board before moving money: the tiers were revised in July 2026 and the bank reserves the right to change them without a fixed notice period on the pages we read. Facts checked against alrajhibank.com.my, pidm.gov.my, aeonbank.com.my, kafdigitalbank.com.my on 9 September 2026.
Frequently asked questions
What is the DuitPlus Savings Account-i profit rate?
As of 15 July 2026 the tiers are 0.67% a year up to RM4,999.99, 2.08% from RM5,000 to RM49,999.99, 3.00% from RM50,000 to RM999,999.99 and 3.50% from RM1 million. The Savings Pot inside the account pays 3.08% on any amount (updated 15 January 2026). Profit is calculated daily and credited monthly, and the rates exclude a 0.01% agency fee.
Is DuitPlus the same as the Rize savings account?
Yes. Al Rajhi Bank Malaysia renamed the Rize Savings Account-i as DuitPlus Savings Account-i when it launched the MY alrajhi app on 8 June 2025 and retired the Rize and alrajhi@24seven apps. Existing Rize users logged into MY alrajhi with their Rize credentials. The 3.3% rate quoted at launch has since been replaced by the tiered table.
Is Al Rajhi Bank Malaysia protected by PIDM?
Yes. Al Rajhi Banking & Investment Corporation (Malaysia) Bhd is a PIDM member, and eligible deposits including DuitPlus and Term Deposit-i are protected up to RM250,000 per depositor per member bank, principal and profit included. Islamic and conventional deposits are protected separately, as are deposits at different member banks. Protection is automatic and costs nothing.
How do I open a DuitPlus account?
Download MY alrajhi from the App Store or Google Play, create a username and password, verify your identity with your MyKad or MyTentera and a selfie, then enter personal and employment details. Transfer at least RM20 from a Malaysian bank account or wallet to activate. A 12-hour cooling-off period applies before full access. You must be a Malaysian citizen aged 18 or above.
Does DuitPlus have fees or a minimum balance?
The minimum balance to keep the account open is RM10 and the activation deposit is RM20. The optional Visa Debit Card-i costs RM10 a year. The pages we fetched list no monthly maintenance fee and no transaction conditions on the profit rate; the only deduction described is the 0.01% agency fee already excluded from the quoted rates. Check the fees and charges document in the app for ATM and overseas charges.
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Is DuitPlus better than AEON Bank or KAF Digital Bank?
On contractual rates, the DuitPlus Pot at 3.08% slightly beats AEON's Savings Pot at 3.00%, and the DuitPlus main balance only matches that from RM50,000. KAF's historical hibah of 5.00% on the first RM2,000 and 3.00% above produces a marginally higher figure, but KAF states it is discretionary and not indicative. All three are PIDM members, so the choice turns on rate certainty and app features.
