In the past, we only have Maybank offering gold saving accounts. At the time when Maybank first launches that service, not many of the people are interested in investing in gold or precious metal. It could be that the people needed a ready cash just to get through month by month. Later, Public Bank also offered such service to the public. Well, it is not just gold saving accounts but also gold bullion and minted gold coins. If you check and compare Maybank and Public Bank gold price rates, you would note that there are differences. Generally, as for now, Public Bank offers a better rate for the public.
Now, we see another bank offering the same service. UOB has entered the market and the good news is that it is giving a better rate to the public compared with Maybank and Public Bank. So if you have extra money that you would not spend for maybe a year, I would advise you to invest it in gold savings account. Or if you are in USA, check out United States Gold Bureau. You may find a better deal there.