iMSavvy by Maybank | June 2021
As we near the halfway mark of 2021, it may be a good time to take stock of our financial journeys. Open minds are key when it comes to dealing with uncertainty, especially with the pandemic still at large. For those focusing on accumulating wealth, we have something new for you this month: Decumulation. Learn more about what it means to convert your assets into income streams for the retirement you’ve always planned for. We also unpack the concept of debt – learn how you can reap returns with certain forms of borrowing, along with a breakdown of the debt versus equity conundrum for businesses. As we move deeper into a wired world, see what banks are doing to keep you safe and pick up tips to protect yourself while banking online. In the meantime, stay home and stay safe.
Handpicked for You

Decumulation: Why simply saving for retirement is not enough

How can you kick back and enjoy your golden years without having to worry about overspending? Find out more about decumulation and how you can take this necessary step in your retirement.

Rich Debt, Poor Debt: Why not all debts are bad for you

Borrowing may not always be bad news. See what differentiates good debt different from bad, and how to make the most out of it.

Debt or equity: How to finance your business?

Should you go for debt or equity when it comes to capital-raising? Here’s what to consider when making a decision for your company.

Is anyone watching your online transactions?

Learn what banks are doing to keep you safe in online and mobile banking, and how you can protect yourself.

 
What's Happening

Maybank Reports 1QFY21 Net Profit of RM2.39b

Maybank Group announced on 27 May 2021 that it achieved a net profit of RM2.39 billion for the first quarter ended 31 March 2021, compared with RM2.05 billion last year. This came as loans picked up pace on the improving economic outlook, while overhead expenses and impairments declined. Profit before tax for the quarter stood at RM3.17 billion, compared with RM2.80 billion in 1QFY20.
   

Free Financial Assistance Benefit for side effects of COVID-19 vaccine

All eligible customers of Maybank Singapore Limited will receive complimentary coverage for COVID-19 vaccination side effects from Etiqa. Application is not required and coverage is free of charge.

The benefit includes a Hospitalisation Benefit of up to S$1,000 over a maximum of 10 days, and an Intensive Care Unit Benefit of up to S$1,000 over a maximum of 5 days, should individuals experience any side effects related to a COVID-19 vaccine. Terms apply.
   

Retire well with AMBER by Etiqa

Etiqa Insurance Singapore has launched AMBER, a holistic retirement ecosystem that supports customers with their physical, mental and financial health for better quality of life.

 

AMBER members enjoy free access and member rates on an extensive range of professional services and curated activities. The Amber Adviser matching service connects customers to available local service providers – meticulously selected and screened – which includes caregiving, nursing homes, physiotherapy and dental services.
 
Marketplace
Get cashback when you shop at Qoo10 Singapore   Stay home with GrabFood, GrabMart and GrabExpress   Send money to Malaysia with S$0 service fees

Shop on Qoo10 Singapore and get S$6 cashback with a minimum spend of S$50. Valid till 30 June 2021.

Enjoy up to 50% off on GrabFood and GrabMart and S$5 off on GrabExpress. Valid till 16 August 2021.

From now till 30 June 2021, enjoy zero service fees when you transfer funds through Maybank Mobile/Online Banking to a Maybank Malaysia account.
   
This advertisement has not been reviewed by the Monetary Authority of Singapore.
All information is updated as at 1 June 2021.
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