New digital financial planning tools on Maybank2u

PETALING JAYA: Malayan Banking Bhd’s internet portal Maybank2u has introduced new digital financial planning tools that help customers plan their savings, monitor their insurance and keep up-to-date on their financial goals, via goal savings plan, spending tracker and an insurance dashboard.
The goal savings plan feature allows customers to segment their money into ‘goals’ without having to create separate accounts. Customers can create up to five goals and set a fixed monthly contribution. Once a goal is created, the prescribed amount will be debited from their principal account and credited into their goal savings account(s) based on the duration opted for. All amounts placed in the goal savings account(s) will enjoy the applicable interest.
Customers can at any time top up their goal savings plan should they wish to fast track the goal achievement or save more than the desired amount.
The spending tracker feature allows customers to track spending on their debit and credit card, allowing for an overview of where they spent the most, helping customers to manage and control their expenditure.
The insurance dashboard allows customers to view their purchased Etiqa Takaful Life and General Insurance policies in a single dashboard, and also allows purchase of insurance and investment plans from Etiqa.
“Since the pilot launch of the goal savings plan last month, we have seen over 4,500 goals created with over RM31.5 million targeted to be saved. We forecast that the numbers will increase by 100% by year end,” said group CEO, community financial services Datuk John Chong.
To complement the launch of these new features, Maybank has introduced the ‘Double Up Your Savings’ campaign to encourage the habit of saving among customers, which will end on Feb 28, 2019.