"12 Ways To Save Money In Malaysia"! It's written and published by iMoney
It covers tips on topics like:
- Learn about high-yielding bank accounts & fixed deposits you never knew existed.
- Discover ways to leverage on the one financial instrument that has no business saving you money – your credit card.
- Read about ways you can manoeuvre your loans to help you pay less over the long run.
- Find out how you can bump yourself down a tax bracket LEGALLY using relief and rebates.
- And many more
- TIP#1:
Open & Maintain High-Yield Banking Accounts
A savings or current account is now just a mechanism to STORE your money instead of one that can help you GENERATE MORE money from your savings because of their negligible interest rates.
Well, it doesn’t necessary need to be this way. Because in Malaysia, there are savings or
current accounts that do generate substantial interests from your deposits, which include (i)
high-yielding accounts applicable to Priority Banking customers; and (ii) savings accounts
with “forced saving” mechanisms that generate interest as high as 2% p.a..
So if you’re still holding a normal savings or current account that generates non-existential
interests, consider alternatives. You can easily do so by looking up iMoney’s
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