- How Bank Interest Rates Work On A Savings Account? Here’s A Mini Guide
Ever since young, we have learned to save up money and stash it away in a savings account. But did you know there’s another way to save money and earn even more money? The answer: leveraging interest rates on savings accounts. Understanding how interest works on a savings account is important to help you maximise […]Read More
- 4 Reasons Why Your Business Should Have a Business Bank Account
If you are a business owner, you may or may not already have a business bank account. But is it necessary to get a bank account for your business? Here’s our analysis on why it may be a good idea to get a business bank account. When you’re a budding entrepreneur, starting your own business […]Read More
- Personal Banking vs Business Banking: Do I Need Separate Accounts?
Not all types of businesses may necessarily warrant a business bank account—maybe you are just a freelance writer or a freelance graphic designer who works on projects on a part-time basis. For these folks, the belief is that as long as you can handle the current volume of transactions of your personal and business expenses, […]Read More
- Apa Itu Kemudahan Overdraf Bank?
Anda ingin tahu apa itu kemudahan overdraf (overdraft facility), dan bagaimana untuk menggunakan kemudahan ini? Ketahui lebih lanjut dalam artikel ini dan lihat jika kemudahan ini sesuai untuk keperluan kewangan anda. Kemudahan overdraf ialah sejenis pinjaman dibawah kategori demand loan (pinjaman dimana peminjam perlu bersedia untuk membuat bayaran balik pada bila-bila masa) yang ditawarkan oleh […]Read More
- Cara Pengiraan Kadar Faedah Rata Dan Baki Berkurangan Pinjaman Bank
Anda mungkin sering berhadapan dengan terma kadar faedah rata (flat interest rate) dan juga kadar faedah baki berkurangan (reducing balance rate) sewaktu ingin memohon pinjaman. Namun, adakah anda faham perbezaan antara kedua-dua kadar tersebut? Tahukah anda bagaimana pengiraan kadar faedah tersebut dilakukan, atau anda hanya berharap kepada bantuan pegawai bank? Jangan biarkan anda berada dialam […]Read More
- I’m Only 21 Years Old. Do I Need A Credit Score?
Most of us are unaware of how important it is to start building our credit scores early in life. We only realise this 3-digit number plays a vital role in getting our bank loans and credit card applications approved later on. Read on to find out why you should start establishing your credit score at […]Read More
- Ask The Expert: Avoid These 6 Mistakes If You Want A Great Credit Score
It is important to keep your credit score in good shape so you can apply for loans, credit cards and get lower interest rates. Read this article to find out six bad financial decisions that can hurt your credit score. A good credit score is a great privilege. It increases your chances of securing a […]Read More
- 6 Ways To Improve Your Credit Score
This article was first published in June 2017 and has been edited and updated for accuracy and clarity. Don’t limit your future by ignoring your credit score, here are tips you should follow to help you improve your credit score. What is a credit score? A credit score is usually derived from a person’s credit […]Read More
- How Credit Cards Can Affect Your Credit Score
Credit cards can boost or sink your credit score, a financial tool that opens doors to many good things in life – such as favourable bank loans for your dream car and home, as well as competitive interest rates. Find out what you should do and what to avoid so you can achieve a healthy […]Read More
- BNM Maintains OPR At 1.75% – What Does This Mean For Malaysians?
Bank Negara Malaysia (BNM) recently announced that it will maintain the Overnight Policy Rate (OPR) on 20 January 2021. But as a Malaysian, what does this mean for you? If you haven’t already heard, Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.75%, the lowest level since it was […]Read More
- Don’t Fall For These 5 Credit Score Myths!
A good credit score can help you achieve important milestones in life – like getting a loan for your home, buying a car or starting a business. However, there are many misconceptions out there about how credit scores work. Here are the most common credit score myths that you should be aware of. Your credit […]Read More
- #CHInsights – How Does Credit Accessibility Impact Financial Inclusivity?
Greater financial inclusivity would open more opportunities for people to build savings, make investments and have access to credit. In this episode of #CHInsights, we take a deeper look at how credit accessibility affects the state of financial inclusivity in a county. In a world still ravaged by income inequality, poverty, and socio-economic issues, country […]Read More
- Maybank Islamic Berhad Launches First-in-market Islamic Corporate Card With A Charity Element
Maybank Group, through its Islamic banking arm, Maybank Islamic Berhad, today launched a new Islamic corporate card, the first in the market that channels a percentage of customer spending to charity. The bank will contribute 0.1% of all customer spending on overseas merchants, such as eBay, Amazon and Apple, to selected charity bodies. Based on […]Read More
- UOB Malaysia Launches Mighty Insights, Malaysia’s First AI-Powered Digital Service On Its All-In-One Mobile Banking App
UOB Bank combines in-house AI capabilities with best-in-class financial technology to empower its customers to make wiser financial decisions through the UOB Mighty app. UOB Malaysia recently launched Mighty Insights, the country’s first artificial intelligence (AI)-based digital banking service to make it simpler and smarter for customers to manage their finances via the Bank’s all-in-one […]Read More
- How To Read Your Credit Report Using This Code
A credit report is important because it helps you assess whether you are eligible to apply for a credit card, personal loan or mortgage. Read this article to find out how you can read and check your credit report for free! Getting rejected for a credit card or loan isn’t a personal slight against you, […]Read More
- BNM Announces Additional Measures To Assist Individuals And SMEs Affected By COVID-19
Bank Negara Malaysia (BNM) has recently announced that it will establish additional financing measures to provide relief and support to small and medium enterprises (SMEs), following the release of Budget 2021 by the Ministry of Finance last week. These measures, which include additional targeted repayment assistance for individuals and SME borrowers, and several other initiatives, […]Read More
- Is Your Credit Score Good Enough To Get You A Mortgage? Here’s Why It Matters
Mortgage lenders take your credit score into serious consideration when you apply for a house loan. Therefore, it is important to make sure that you have a good credit score in order to be perceived as a low-risk borrower. But how do you know if your credit score is good enough for a mortgage? Read […]Read More
- 4 Ways A Bad Credit Score Can Impact Your Life (And How You Can Fix That)
Having a bad credit score can negatively affect your financial life in the long term. It may lead to high-interest credit card debt, denial of loan application and more. In this article, we outline the four side effects of bad credit and the five ways you can fix it. Read more to find out. Having […]Read More
- Bank Negara Malaysia Reassures Borrowers Repayment Assistance To Continue Until Next Year
If your finances are still affected by the pandemic, rest assured knowing that Bank Negara Malaysia (BNM) has confirmed that repayment assistance will extend until 2021. This article explains everything you need to know about the targeted assistance, read more to find out. Though the continued uncertainty surrounding the country’s economy has left many Malaysians […]Read More
- Banking Institutions To Assist Borrowers And Customers In CMCO And EMCO Areas
Banking institutions are ready to assist borrowers or customers in CMCO and EMCO areas, according to a joint statement released by The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (ABIM). Following the announcement that Sabah, Kuala Lumpur, Selangor and Putrajaya will be placed under a Conditional Movement Control […]Read More