BFM 89.9

Podcast  >  Morning Run  >  Ringgit and Sense  >  Stashaway Simple - Fixed Deposit Killer?

Stashaway Simple - Fixed Deposit Killer?

Wong Wai Ken, Malaysia Country Manager, Stashaway

30-Jul-20 09:37

Stashaway Simple - Fixed Deposit Killer?

This year Bank Negara has cut rates 4 times, taking the OPR from 3% to 1.75%. This is the lowest level since 2004.

While the central bank has done this to help stimulate the economy, it’s also punishing savers as Fixed Deposit rates have also fallen.

As savers look for the best rates for their cash, one of the options that has come up is Stashway Simple.

Roshan speaks to Ken about their new cash management product, and also gets into the direct debit technical issue Stashaway faced earlier in the week, as well as their recent portfolio optimisation on the back of unprecedented monetary policy from the US Federal Reserve.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  Money Market FundsFixed DepositsOPRStashawayRoboadvisorInterest RatesFinancial ServicesGovernment/Regulatory/Policy MakingEconomy, MarketsPersonal Finance


Business
Money

Share this podcast




Play / Pause

Listen now : Open For Business: Soo Shea Pin, Feith London

Today’s Shows



6:00 AM

The 6AM Stretch

7:05 AM

Market Watch

7:15 AM

Morning Brief

8:05 AM

The Breakfast Grille

Kishore Mahubani , former Singapore diplomat and author

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

The Property Show

10:05 AM

Open For Business

Soo Shea Pin, Feith London

11:05 AM

Tech Talk

MSP with Matt Armitage

12:00 PM

Enterprise Biz Bytes

1:00 PM

The Breakfast Grille Repeat

Kishore Mahubani , former Singapore diplomat and author

2:05 PM

Live & Learn

Stay Home & Watch: Sindiket

3:05 PM

Good Things

tbc; tbc

4:05 PM

Health and Living

Doctor in the House: Recovered From COVID-19? What Now?

5:05 PM

The Evening Edition

5:35 PM

KIV

6:05 PM

Inside Story

7:05 PM

The Evening Edition

8:05 PM

On The Ball

9:00 PM

A Bit of Culture

10:00 PM

The Flow