Do you ever feel like your money just disappears into thin air?
You’re not alone. But what if there were a secret weapon to take control of your finances?
Enter the world of Malaysian investment apps!
These handy tools can help you ditch the spreadsheets, make smarter decisions, and finally reach your financial goals.
Explore these 9 Investment Apps and find the one that will help you save more, spend smarter, and finally achieve your financial dreams!
Top 9 Investment Apps to Jumpstart Investing:
1. ASNB
The ASNB (Amanah Saham Nasional Berhad) app is backed by government support, ensuring reliability and credibility.
The ASNB app provides users with a convenient platform to invest in various unit trust funds offered by ASNB.
ASNB declared a dividend payout of 5.25 sen per unit for its main fund for the fiscal year ending on December 31, 2023.
You can also check out the benefit of ASNB funds here : All You Need To Know About Amanah Saham Bumiputera!
2. KWSP i-Akaun
The KWSP-i Akaun App aids Malaysians in saving for retirement and achieving financial security.
The i-Saraan program, an initiative by KWSP, offers a 15% matching incentive on your voluntary contributions. Here are the specifics:
- An annual maximum of RM500
- A cap of RM5,000 or until the age of 60
- Includes annual dividends, tax exemptions on contributions, and death benefits (t&c apply)
For instance, a RM2000 contribution to i-Saraan earns an additional RM300 from EPF, boosting the account and promoting greater retirement savings.
3. Moomoo
Moomoo, a newcomer to the Malaysian investment scene, is licensed by the Securities Commission Malaysia (SC).
It provides a one-stop platform for investing in local Bursa Malaysia stocks as well as US stocks.
What interestingly… Moomoo offers a welcome rewards to all the new users and it’s based on 3 levels:
- Level 1: Access to MY Stocks Market Depth Level 1 and US Stocks Market Depth Level 2.
- Level 2: Deposit RM500 and earn RM100 in cash coupons.
- Level 3: Deposit RM10,000, you’ll have a chance to receive a share worth up to RM4,000 from a selection that includes Grab, Under Armour, Coca Cola, Apple, Tesla, or NVIDIA.
4. Versa
Versa is a comprehensive investment app designed to help users manage and grow their money efficiently.
And starting in May 2024, there’s something new and exciting to look forward to: the ‘Money Booster’ campaign.
Here’s the catch—it’s super simple to qualify. All you need to do is set up an auto-debit plan with one of the Versa Invest Funds.
Just make sure you get it done by 27 May 2024, 3 pm, to lock in the rate.
Here’s how it works:
| Auto-debit amount | Earn an additional 1% p.a |
| Minimum of RM200 | First RM10,000 of your Versa Cash or Versa Cash-i balance |
| Minimum of RM500 | First RM30,000 of your Versa Cash or Versa Cash-i balance |
It’s a fantastic way to give your savings a boost with minimal effort. Just set it up once, and watch your money grow!
5. TnG GO+
You’re probably familiar with the TnGo e-wallet, but have you heard about its TnGo GO+?
With TnGo GO+, users can deposit funds and earn daily returns on their investments.
The best part? You can withdraw your money whenever you need to.
Offering a net daily return rate of 3.45% per annum, TnGo GO+ provides a competitive way to grow your idle funds.
To start earning daily interest, simply deposit RM10 to your account.
6. StashAway
StashAway provides a user-friendly investment platform for fee-free investing, especially for the initial six months on investments up to RM100,000.
Users appreciate the flexibility of the StashAway, as it requires no minimum investment amounts and ensures transparency with no hidden fees.
Moreover, the app’s lack of minimum balance requirements and absence of early withdrawal penalties make it a hassle-free option for investors.
7. Rize
Ditch the traditional bank and take control of your finances with Rize, the mobile app that’s like your personal investment guru.
Here’s what makes it awesome:
- Need a financial lifeline? Rize throws traditional loans a knockout punch with a super-competitive interest rate of 3.79% p.a.
- Forget boring old piggy banks. Rize lets you create “saving pots” – like digital envelopes – for specific dreams. Visualize your progress and watch your savings grow towards those goals!
8. KDI Save
KDI Save— an investment app provides users with an opportunity to earn fixed daily returns at a competitive rate of 4.0% per annum.
With this feature, users can enjoy steady growth on their savings within the RM0 to RM50,000 range.
Overall, KDI Save offers users a reliable platform to accumulate savings with fixed daily returns, ensuring financial stability and growth.
10. GXBank
GXBank, the first Malaysia’s digital banking platform, functioning entirely online without any physical branches.
GXBank offers various appealing promotion such as:
- You can get a RM8 cashback for depositing RM88 and RM8 for registering with DuitNow.
- Earn up to RM29.40 cashback by linking your GX Account to GrabUnlimited subscriptions.
- Daily interest rate of up to 3% p.a. , let your interest earn interest every single day.
One great feature of GX Bank is its 24/7 in-app live chat, you can reach out for assistance anytime, from anywhere.
Quick Guide for YOU!
Simplify your finances with our guide to financial apps!
| Investment Apps | Benefits | Payout Frequency | Protected/Regulated by? | Shariah Compliant? |
| ASNB | Dividend payout of 5.25 sen per unit | Annually | Securities Commission Malaysia (SC) | Yes |
| KWSP i-Akaun | 15% matching incentive | – | Government | Yes |
| Moomoo | 3 levels welcome rewards | Can be monthly, quarterly and annually paid. | Securities Commission Malaysia (SC) | No |
| Versa | 4.77% p.a. returns (if you set up auto-debit by 25/4/24) | Daily | Securities Commission Malaysia (SC) | Yes |
| TnG Go+ | 3.45% p.a. daily return rate | Daily | – | Yes |
| StashAway | 3.6% p.a. daily return rate | Daily | Securities Commission Malaysia (SC) | Yes |
| Rize | 3.79% p.a. daily return rate | Daily | PIDM | Yes |
| KDI Save | 4.0% p.a. daily return rate | Daily | – | No |
| GXBank | 3.0% p.a. daily return rate | Daily | PIDM | No |
Malaysia’s financial sector is rapidly evolving, with numerous apps addressing diverse financial needs by providing incentives, competitive rates, and retirement savings solutions.
Whether you’re experienced or new to finance, these investment apps offer convenience and transparency.
So, don’t hesitate—explore them now and secure your financial future!
If you are looking for a long term investments, you also can…
Invest properties at IQI Global!
We have a lot of trusted property agents that will guide you or you can be one of us. Join us now!
Continue Reading:
1. Personal Finance: A Complete Investing Guide for you
2. Top 12 Finance Influencers in Malaysia who Make Money Mastering Fun and Simple!
3. Fresh Grads Still Don’t Know How to Manage Finances (Why is That?)
