Gold Investment Account

Hargaemas Hari Ini
Public Bank (Gold Investment Account) GIACIMB Bank (Gold Deposit Account) GDAMaybank (Gold Savings Passbook Account) GSPAKuwait Finance House (Gold Account - i) GAIUOB (Gold Savings Account) GSA
Launch Date4/21/20081/17/201119974/29/201010/15/2010
Minimum Initial Deposit20 grams10 grams5 grams10 grams20 grams
Minimum Balance in the Account2 grams1 grams1 gram1 gram10 grams
Charges for Gold Balances Below Quantity RequiredRM10 will be charged in the event gold balance falls below 10 grams at year endRM5 will be charged in the event gold balance falls below 10 grams at year endNot ApplicableNot ApplicableRM2 will be charged in the event gold balance falls below 10 grams at month end
Minimum subsequent Purchase/Sale5 grams and must be in multiple of 1 gram5 grams and must be in multiple of 5 gram
Fineness of Gold99.9% fineness99.9% fineness999.9 gold99.5% fineness999.9 gold
Minimum Quantity for Physical Gold Withdrawal100gram, 500grams, and 1000 grams100grams in multiples of 100 gramsGold Wafers @ 10, 20, and 50 grams1 gram, 5 grams, 10grams, and 50 gramsRequest to covert into physical gold will be at the Bank discretion
Account Opening RequirementEither a savings or current account is requiredEither a savings or current account is requiredNot ApplicableEither a savings or current account is requiredEither a savings or current account is required
Mode of OperationPassbookPassbookPassbookStatementStatement
Gold Sale / Purchase PriceBased on the Bank's Prevailing gold Selling / Buying price quoted in RM per gramSame in this row
Gold Withdrawal1)Cash 2)Credit into Savings or Current account 3) Physical gold withdrawal at selected branches1)Credit into Savings or Current account 2) Physical gold withdrawal at selected branches1)Cash 2)Credit into Savings or Current account 3) Physical gold withdrawal at selected branches1)Credit into Savings or Current account 2) Physical gold withdrawal at selected branches1)Credit into Savings or Current account 2) Physical gold withdrawal at selected branches
InterestNo interest payoutsame in this row
Online TradingYesNoNoNoNo
Protection of PIDMInvestment is not insured by PIDMsame in this row
NoteOnline gold trading via PBeBank.com - Gold purchases and sales are offered at discounted pricePhysical gold withdrawal will be charge RM1 pergram of gold orderedMalaysia's largest bank, 100% backed physical goldFirst shariah based gold account in MalaysiaPremier Gold Account (PGA) is available at smaller difference between selling and buying prices for big investor