According to the Financial Education Network [FENetwork], many Malaysians find it more difficult to face unexpected life events. Around half (52%) of Malaysians struggle to raise emergency funds of RM1,000 or more. It's also been found that only a quarter (24%) are able to sustain living expenses for at least three months if they lose their main source of income.
Leaving your funds untouched will increase the amount of money you have in the long term, as long as it's in the right place to begin with.
But if you save your money in an ordinary savings account, you'll be missing out on a better profitable interest that could grow over time.
An HSBC Everyday Global Account offers a competitive interest rate that will grow your money faster than a regular savings account.
If you're not already an HSBC customer, you can easily apply for an Everyday Global Account online in just 10 minutes. All that’s then left to do is to confirm your identity (MyKad & Driving License/Passport) in the next 30 calendar days at any branch.