When it comes to money, there’s one thing I absolutely hate: watching it slowly lose value to inflation.

For context, every RM1,000 will be worth:

• RM883.85 in 5 years

• RM781.20 in 10 years

• RM610.27 in 20 years

• RM476.74 in 30 years

^ At an inflation rate of just 2.50% per year.

That’s why I rarely leave idle cash in a traditional savings account earning next to nothing.

Whether it’s your emergency fund, short-term savings or money waiting to be invested, there are better places to keep it growing without taking excessive risk.

Here are eight options you can consider:

1. Versa (Up to 10.00% p.a.)

Versa is a wealth management app that allows you to invest in local and global markets.

Their two most popular funds are Versa Cash (Conventional) and Versa Cash-i (Shariah-Compliant). Both are Money Market Funds that offer stable returns, much like TNG GO+ and StashAway Simple.

The base return rate for both funds are as follows:

• Versa Cash (Conventional): 3.47% pa*

• Versa Cash-i (Shariah Compliant): 3.14% pa*

*Nett returns for December 2025.

This is nothing to shout about, but Versa is currently running a promotion for new users:

i) Set up min. RM500 auto debit and earn 10.00% p.a. on Versa Cash and/or Versa Cash-i for 90 days.

The bonus begins from the month of your first auto-debit transaction and continues until the end of your Eligibility Period (refer below).

The 10% p.a. bonus only applies to the first RM500 auto-debit and will be credited to your highest balance in Versa Cash/-i within 30 business days after the auto save transaction has occurred each month.

✅ Deposit/withdraw in 2-3 business days (Versa Cash)

✅ Same day withdrawal if made before 10 AM for Versa Cash-i

❌ Not protected by PIDM

🎁 Referral Code: THEFUTURIZTS (Get RM10 for first deposit of RM100 and above)

Download Versa: https://download.versa.com.my/1bAf/02iw4x48

View the full campaign TNCs: https://versa.com.my/10-p-a-auto-save-bonus-for-august-new-joiners/

2. Shopee Money+ (Up to 5.00% p.a.)

Shopee Money+ is a new feature added to ShopeePay that allows users to earn profit from their idle cash.

If you’re a regular Shopee user, then this feature is almost a “no-brainer” for you, but even if you don’t use the app, their current promo is actually quite attractive to consider.

Until 30th November, you’ll earn up to 5% p.a. on the first RM10k, paid daily.

✅Minimum deposit: RM10

✅ Minimum deposit for bonus rate: RM200

✅ Daily returns

✅ Withdraw instantly to ShopeePay eWallet

✅ Withdrawals to bank account take 1-2 business days*

✅ Shariah-compliant

❌ Not protected by PIDM

Quick tip: Since you can withdraw instantly to ShopeePay eWallet, you can DuitNow transfer that balance to your bank account anytime, which actually makes the withdrawals instant.

Find out more here: https://my.shp.ee/kqSk4UvN

3. Ryt Bank (4.00% p.a.)

Known as the first AI-powered digital bank, Ryt Bank allows you to earn 2.05% + 1.95% p.a. in Save Pockets.

The bonus rate only applies to the first RM20,000. To earn it, you have to spend at least RM10/day in 3 separate transactions using the Ryt Card. Otherwise, the earnings rate will drop to the base rate of 2.05% p.a.

The balance in your main account (and any extra funds above RM20,000 in Save Pockets) will earn 2.05% p.a. with no cap.

✅ Earn up to 4.00% p.a. on first RM20,000, paid daily

✅ Protected by PIDM, up to RM250,000

✅ 1.2% unlimited overseas cashback

✅ No minimum balance (like GXBank)

❌ Not Shariah-compliant

🎁 Referral code: PBWEL (get up to RM50 Rewards)

Explore more: https://www.rytbank.my/

4. AEON Bank (3.00% pa + 1.00% cashback)

Dubbed as Malaysia’s first Islamic Digital Bank, AEON Bank allows you to earn up to 3.00% p.a., paid at the end of each month.

To be clear, the balance in your main account will only earn 0.25% pa, while savings pots will earn 3.00% p.a. So don’t store too much money in your main acc!

You can create up to 20 savings pots with different goals, and the money can be deposited/withdrawn instantly.

You’ll also receive 2x AEON points for every RM1 spent using the debit card at participating AEON stores, which can be claimed for cash (1,000 points = RM5.00). This makes the cashback rate 1.00%.

✅ Shariah-compliant.

✅ Protected by PIDM, up to RM250,000

✅ 1.00% cashback on debit card spending at AEON stores.

❌ Profit payout occurs at the end of each month.

🎁 Referral Code: AB403017 (Get RM12 debit card waiver)

Explore more: https://www.aeonbank.com.my/promotions/awareness

5. MooMoo Cash Plus (6.00% p.a.)

Moomoo Cash Plus mainly invests in cash management tools such as bank deposits and short-term government bonds.

You can choose from a few money market funds, namely:

• Maybank Retail Money Market Fund (~3.50% p.a.)

• Eastspring Investments Islamic Income Fund (~3.60% p.a.)

• United Money Market Fund (~3.60% p.a.)

^ These funds are very similar, so I wouldn’t be too analytical on choosing. Any one of them is fine.

As part of their promotion, new users will earn 6.00% p.a. for 30 days, up to RM30,000.

If the annual returns from your first selected Moomoo Cash Plus fund fall below 6% p.a., Moomoowill top up the difference up to 30 days in the form of cash coupons, limited to a subscription of RM30,000.

✅ Earn profit daily

✅ Shariah compliant

✅ Deposit/withdraw in 2-3 business days

❌ Confusing deposit/withdraw process

❌ Not insured by PIDM.

I find the deposit process quite complex. You can refer here: https://www.moomoo.com/my/invest/cash-plus

🎁 Referral Link (Up to RM2,000 in rewards): https://j.moomoo.com/0y2980

6. Boost Bank (2.50-4.00% p.a.)

Boost Bank is registered as a digital bank and is protected by PIDM, similar to AEON Bank and RYT Bank.

But the similarities stop there.

The app has special “Savings Jars” with specific requirements. If you meet those requirements, you’ll earn the bonus rate.

• Main Account: 2.50% p.a.

• Unlimited Jar: 3.30% p.a. (Unlimited amount, only requirement is to open and activate this jar)

• BoostUp Jar: 4.00% p.a. (Spend RM500/mo with BoostWallet to unlock this, max amount capped at RM3,000)

• Other jars (refer to picture below)

✅ Earn interest daily

✅ Deposit/withdraw instantly

✅ Protected by PIDM

❌ Not Shariah-compliant

❌ Earnings rate is quite complex

Learn more: https://myboostbank.co/

7. Touch n’ GO+ (3.03% pa)

GO+ offers flexibility and pays daily profit based on the balance in your account at the end of each day.

It will not affect your e-wallet payments. Whenever you make a deposit or transfer, the funds will automatically be added or deducted from your GO+ account.

✅ Earn profit daily.

✅ Shariah compliant.

✅ Deposit/withdraw instantly with DuitNow.

❌ Maximum deposit limit of RM20,000.💡

❌ Not insured by PIDM.

💡 You’ll still earn daily profit beyond this limit, but you won’t be able to deposit more funds.

⚠️ As of 2nd December, TNG is in deep trouble after a user complained that his account got suspended for no reason. Because of this, many users are withdrawing money from their GO+ accounts. Read more here.

8. ASB & ASM (4-6% pa)

Amanah Saham Bumiputera (ASB) and Amanah Saham Malaysia (ASM) are unit trust funds managed by Amanah Saham Nasional Berhad (ANSB).

The funds are always fixed at RM1.00 per unit, giving you the flexibility to plan your investments without worrying about market volatility or price swings.

Unfortunately, ASB is only available for Bumis. For non-Bumis, ASM is the next alternative, but the units are limited and often hard to purchase.

✅ Shariah compliant.

✅ Stable, consistent returns.

✅ Deposit/withdraw in 1-2 business days.

❌ Limited units for non-bumis (ASM).

❌ Profit payout occurs once a year.

❌ Not insured by PIDM.

Explore more: https://thefuturizts.beehiiv.com/p/asb-asm-asnb-can-malaysians-invest

Thanks for reading!

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DISCLAIMER: Investing in cash apps or unit trusts has its own risks as they are different from opening a deposit account with a financial institution. You should speak with a financial planner before making any investing decisions. ⚠️