OCTIS vs Boost, GX Biz, AEON, Airwallex: where to park idle company cash in Malaysia
Digital bank rates are above the 2.75% policy rate. Here is who can use them and what you give up.
Last checked · 4 sources
Otty's short answer
Boost Grow lists 3.0% p.a. daily interest for new merchants with no lock-in. AEON Bank lists up to 2.5% and GX Biz 2.50%, but GX Biz is for sole proprietors only. Airwallex Yield is not confirmed for Malaysia and is a money market fund, not a deposit. Bank fixed deposits are PIDM-protected, but rates are set bank by bank, so get board rates in writing.
Side by side
Swipe to see every column
| What matters | OCTISSdn Bhd + OCTIS | Boost Bank (Boost Grow) | GX Biz (GXBank) | AEON Bank | Airwallex Yield |
|---|---|---|---|---|---|
| Rate listed | Not an OCTIS product | 3.0% p.a. daily | 2.50% p.a. | Up to 2.5% p.a. | Not available in Malaysia |
| Sdn Bhd can use | Yes, a Sdn Bhd run with OCTIS | Yes, subject to terms | No, sole proprietors | SSM-registered businesses | Not confirmed |
| Lock-in | Not an OCTIS product | None | Not published | Not published | Not applicable |
| Minimum balance | Set by our licensed partner; quoted before you commit | None | None | Not published | Not applicable |
| Rate is promotional | Not an OCTIS product | Stated for new merchants | Not stated | Not stated | Not applicable |
| PIDM cover | Not a bank; accounts via licensed partners | Yes, RM250,000 | Yes, RM250,000 | Yes, RM250,000 | No, fund product |
| Product type | Multi-currency business account via licensed partners | Bank savings | Bank account | Islamic bank account | Money market fund |
| Regulator | Not a bank; accounts and FX via licensed partners | BNM digital bank | BNM digital bank | BNM Islamic digital bank | SG and HK, not MY |
Data sources & disclaimer: Comparison data was compiled from publicly available sources — including the competitors' own published pricing and feature pages — captured on 9 November 2026. Figures reflect the typical or advertised pricing at that time and may have changed since; plans, inclusions and prices vary by provider, region and promotion. OCTIS is independent and not affiliated with the named companies; all trademarks belong to their respective owners. This comparison is provided in good faith for general information only and is not professional, legal or financial advice — please verify current details with each provider before deciding.
Which one fits you
OCTIS · Sdn Bhd + OCTIS
Choose OCTIS if you want your accounts, multi-currency banking via licensed partners and CRM in one place, rather than a savings product.
Boost Bank (Boost Grow)
Choose Boost Grow if you are a Sdn Bhd that wants a flexible balance and can accept a rate that may change after the promotion.
GX Biz (GXBank)
Choose GX Biz only if you trade as a sole proprietor.
AEON Bank
Choose AEON Bank if you want a Shariah-compliant business account with a stated rate up to 2.5%.
Airwallex Yield
Do not plan around Airwallex Yield in Malaysia. Its published markets do not include Malaysia.
What the table does not show
Keep three months of costs liquid
Idle cash is the money beyond payroll, rent, tax and supplier bills for the next two or three months. Keep that layer in an account you can pay from the same day. Only the surplus beyond it should chase a rate. A 0.5% rate difference on RM100,000 is RM500 a year, so do not take on lock-ins or fund risk for it.
Deposits versus funds
Digital bank savings are deposits, covered by PIDM up to RM250,000 per depositor per bank. Airwallex Yield places balances in money market funds and states it is not a savings or deposit product and does not guarantee returns. Its help pages cover Singapore, Hong Kong, Australia, Europe, New Zealand and the US, not Malaysia. Bank Negara's overnight policy rate was 2.75% at the last confirmed meeting.
Fixed deposits
Traditional banks offer fixed deposits for companies, with rates set by each bank and tenure. We did not find a published business fixed deposit rate to cite, so ask your bank for its current board rate and any early-withdrawal penalty. A fixed deposit can suit tax or dividend money you will not touch until a known date.
Where OCTIS fits
Interest on company cash is taxable income and has to be booked correctly. OCTIS bookkeeping records interest from any account and carries it into your tax filing in Malaysia. OCTIS is not a bank, does not hold money and has no partnership with any provider named here. Ask about 10–30% off your current bill.
Frequently asked questions
Can a Sdn Bhd earn interest on its cash in Malaysia?
Yes. Boost Bank lists Boost Grow at 3.0% p.a. daily for new merchants, and AEON Bank lists up to 2.5% p.a. Traditional banks offer fixed deposits. GX Biz is for sole proprietors only.
Is Boost Grow safe?
Boost Bank is a Bank Negara licensed digital bank and a PIDM member, so deposits are protected up to RM250,000 per depositor. The 3.0% rate is stated for new merchants and can change.
Does Airwallex Yield work in Malaysia?
We found no mention of Yield on Airwallex's Malaysia pages. It is documented for Singapore, Hong Kong, Australia, Europe, New Zealand and the US. It is a money market fund, not a bank deposit.
Is interest income taxable for a company?
Interest earned by a company is generally part of its business income and taxable in Malaysia. Confirm treatment with your tax adviser or accountant for your case.
Sources
Checked on the date above. Links open the provider's or regulator's own page.