Six smart ways to beat inflation

Find out six ways to beat inflation and build a sound financial future.

THERE is no denying that the cost of living has risen over the past few years. Many Malaysians have felt the pinch and lamented the fact that everything has gotten pricier – however, we are not alone. In fact, inflation, though not a new phenomenon, has become even more apparent following the Covid-19 pandemic with a greater impact this year.

Today, as we gradually build back economic momentum, most Malaysians are concerned about job security and income stability. With many having seen a drop or even cessation of income during the height of the pandemic, it has become a struggle to build back all that was lost.

Most are worried about their financial future, though some may have a substantial amount of savings – at the rate of today’s inflation, what seems substantial today may end up being just a pittance tomorrow.

Therefore, in this time of uncertainty and worry, many Malaysians are hesitant to make any financial decision, particularly major ones, with most adopting a wait-and-see approach.

In response, as a trusted enabler to help Malaysians ease their financial worries, Maybank has stepped up to provide six financial products - Maybank e-Islamic Fixed Deposit-i, ASB Financing/-i, Maybank Islamic Zest-i, Maybank Unit Trust, Maybank Islamic Gold Account-i (MIGA-i) and Maybank credit cards/-i.

If you are looking to grow your savings, Maybank e-Islamic Fixed Deposit-i offers better returns for everyone with promotional rates of up to 3.1% per annum for a 12-month placement. You can conveniently make a placement online via Maybank2u or the MAE app.

Fixed deposit offers the flexibility of withdrawing your funds in an emergency or whenever they are needed, which makes it ideal for idle savings or extra money.

Meanwhile, ASB Financing/-i allows you to invest and earn returns without withdrawing your savings. You will also be privy to consistent dividends and only need to commit to a monthly instalment from as low as RM47.

As an added bonus, when you invest a minimum financing amount of RM10,000 from now to Oct 31, you stand to win prizes worth RM60,000 which include travel vouchers, Petronas petrol vouchers and cash credited into your Maybank Islamic Zest-i account.

Maybank Islamic Zest-i is a Shariah-compliant investment account that allows you to earn potential profit (paid monthly and not subject to balance band or number of withdrawal) from your investment based on a profit sharing ratio with the bank.

Even better, you stand a chance to win prizes year-round. This is your chance to walk away with 1kg Maybank Islamic Gold Account-i investment, a Honda City Hatchback, RM1,000 in cash or more!

Gold has been long known as a safe haven asset and a wise investment that can be used to hedge against inflation and act as an investment diversifier. Maybank Islamic Gold Account-i (MIGA-i) presents a hassle-free, secure and convenient way to buy and invest in gold backed by 999.9 purity accredited by London Bullion Market Association (LBMA). This financial product is a Shariah-compliant physical gold backed account and only requires an initial investment of as low as RM10 per transaction. What’s more, users can even use the 'future orders' feature to automatically buy and sell gold conveniently at their preferred price.

If you’re looking to diversify your investment portfolio based on what you want and need, check out Maybank Unit Trust, which are professionally managed by reputable fund managers, to make the most of your money.

Start with a low initial investment from RM1,000 and choose to top up as you please along your investment journey. You may also opt for the convenience of setting automated deductions from as low as RM100 monthly.

From now until Dec 31, enjoy sales charges from as low as 1% when you invest in unit trust online via Maybank2u. Make every cent count and seize this opportunity to maximise your capital now..

Investments aside, if you are looking to save on daily necessities, such as groceries and petrol, the range of Maybank credit cards/-i available are able to cater different needs.

Cardholders get access to a host of privileges that include cashback for groceries and purchases from participating merchants, as well as for petrol and more at Petronas with the PETRONAS Maybank VISA Gold and Maybank Islamic PETRONAS Ikhwan Visa Gold Card-i.

There are even rebates as well as membership rewards points to be enjoyed, while avid travellers will be thrilled to earn Enrich and KrisFlyer points when they travel with selected airlines such as Malaysia Airlines and Singapore Airlines respectively.

Frequent online shoppers, meanwhile, will benefit from Maybank Shopee Credit Card that rewards users with Shopee vouchers and Maybank Grab Mastercard Platinum Credit Card for extra Grab Rewards for spending online.

With the many different types of accounts that offer higher returns, chances to win prizes and investment opportunities,why not make your money work for you by exploring one of these exciting new products from Maybank to build up a stronger financial foundation?

It is even more convenient now than ever for you to get started, as all these products and more can be easily opened and accessed online via Maybank2u.

If you are not yet a Maybank account holder, it's really easy to open one. You will be required to visit the bank for verification, but this is a short and easy process:

Step 1: Complete the pre-application on M2U

Step 2: Make an appointment on Maybank EzyQ

Step 3: Visit desired branch for verification and you’re all set!

With all these financial products available and easily accessible at your fingertips, you get to build a more secure financial future for you and your family.

For more info, visit now.

Disclaimer: All Maybank products mentioned above are subject to terms and conditions. Interest/profit rates quoted are accurate at the time of writing. All rates are subject to change without prior notice. Kindly refer to the Maybank2u website or contact the nearest Maybank branch for the latest rates. Maybank and Maybank Islamic are members of PIDM. Protection by PIDM is subject to insurability criteria. Please refer to the list of insured deposits displayed at for further details.

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