Due to the spread of COVID-19, the global economy has plunged into a trough, prompting the Bank Negara Malaysia (BNM) to reduce interest rates three times this year!
The economists predict that Bank Negara will cut interest rates again to around 1.25%-1.50%. The deduction of interest rate also means that you will get lesser interest for your bank deposits!
Photo Source: The Star
However, the good news is that the average interest rate given by EPF in recent years turned out to be as high as 5.98%. If you don't want to take risks in buying stocks, then depositing money in EPF is a safe investment for you.
If you are a provident fund member, you can deposit money into EPF through Maybank2u by yourself in the following few simple steps to earn higher interest!
Photo Source: The Rohani
Step 1: Log in to the Maybank2u account.
Step 2: Click "Pay & Transfer"
Step 3: Select "EPF"
Step 4: Enter personal information "provided fund member number, member name, member ID number, amount", and then click "Pay"
Step 5: Finally, request the TAC verification code and enter it.
If you want financial freedom quickly, saving money is really more important than making money!
Hurry up and share this with your family, relatives, and friends, so that everyone can know the good news!
Cover Photo: The Culture Trip | Berita Harian | AirAisa Big
