The RHB Banking Group is a multinational regional financial services provider that offers customers complete solutions through different segments and an ecosystem of sub-sectors to provide simple experiences for their clients. The workforce at this company understands how important it can be to try out new things or make changes, not to disrupt ongoing projects; they work hard, so these processes go off without any hiccups!
Ranked among the top banks in Malaysia, RHB has a significant presence across ASEAN. With more than 14 thousand employees and spanning 9 countries within this region, it is no surprise that they are considered market leaders for many products to target different needs of customers.
Gold investment accounts allow you to invest in gold without having any physical assets. In Malaysia, only certain banks offer these accounts, and they can be beneficial if you want to diversify your portfolio in different investments.
Your investment may be at risk if market conditions change. Although gold is considered one of the safest investments in the world, you’ll have no control over the profitability of your fund and could sustain losses as well!
The price of gold will be determined by the Bank at its sole and absolute discretion. It considers all relevant factors, including world market conditions, local currency exchange rates between USD and MYR, and fineness levels.
Not protected by authorities
Gold investment account is not covered by Perbadanan Insurans Deposit Malaysia (PIDM).
Visit any RHB Branch to open an account for Multi-Currency Account and a Ringgit Savings or Current Account.
Minimum initial purchase
The amount of gold you need to start an investment account. It depends on the bank and type, but it can be as little as 1 gram or more!
The minimum amount of gold needed to maintain your gold investment account.
Minimum subsequent purchase/ sale
The minimum amount of gold you must involve in any transactions when buying or selling via your gold investment account.
The difference between a bank’s selling price and buying price for gold investments account. For example, you get gold at RM250, and the bank repurchases it at RM240. The buy-sell spread is RM10 (RM250 minus RM240).