I took the time to check back from 2015 to 2018.

I tried using both the method you mention but didn't get the same dividend return.


My findings:

Interest is calculated by - (Deposit Amount/Balance x Dividend % / 12 months) x number of months entitled to.

Transaction between 1st to 16th will entitle for that month of interest. i.e Deposit on 05 Nov RM20 x 4% / 12month * 2 months = RM0.13

Transaction from 17th to 31st won't entitled for that month of interest. i.e Deposit on 30 Oct RM20 x 4% / 12month * 2 months = RM0.13

Just double check again.
Deposit on 14/12/2015, 15/12/2015, 13/12/2016 & 15/12/2016 not entitled to any interest.
Deposit on 4th Dec get me 1 month of interest. Not sure the cut off date for Dec.



This post has been edited by rapple: Sep 4 2019, 04:06 PM

Interesting. Perhaps they're using weekly or bi-weekly then. Unlikely that any financial institution uses month as unit of calculation....

When is the best time to withdraw, so that u still entitle dividend for that month?

Just want to confirm if Boost can be used to pay for SSPN-i ?

I tried but transaction failed. Anyone knows why ?

Definitely can. But no one can read your mind to tell you why yours fail. I've deposited my sons' SSPN-i repeatedly over past few months

No idea.

I tried the same calculation from 2015 to 2018 and managed to get the exact dividend they paid out.

Think if someone planning to do deposit then withdraw every year then

Deposit in end of Nov thus entitled to interest for month of Dec

Withdraw in Jan as early as possible for other investments.

------------------

For withdrawal made in Jan

16-1-17 - No interest is paid for the amount withdrawn.

13-1-16 - No interest is paid for the amount withdrawn.

------------------

My findings shows that money deposited in there for at least 1 calendar month, will get the 1 month interest but don't take this as an actual guideline for entitlement of dividends because the sample size I have is around 3 to 4 transaction a year x 4 years = +/- 16 transactions.

This post has been edited by rapple: Sep 6 2019, 03:06 PM

I have just added my SSPN-i account to boost today, maybe they need time to verify first ? or

Im trying to test to deposit Rm10.00 and my available is currently 16.00, maybe my available is to low ?

Does boost have a customer service number i can call to clarify with them ?

May I know under which section in Boost to perform this top-up to SSPN account ?

You can find it under "pay bill" then go to "add new bill account" then choose "PTPTN SSPN", add in your account number and you can start making payment.

thanks !

now i can split into rm10 each transaction for multiple shakes ! haha...

for year 2019, it is Rm8k or still Rm6k ?

update: apparently there is a rm1 charge per transaction........

This post has been edited by lyc1982: Sep 6 2019, 04:59 PM

2019 onward 8k

Dont forget to join the Pay Bill Mission to get extra $ on top of shake...

From my past experience, paying RM100 or RM200 get shake enough to offset the RM1 service charge.

Thnx for the info !


how to join the Pay Bill Mission ?
thnx...

update: ok, i saw the Mission thingy already

This post has been edited by lyc1982: Sep 10 2019, 01:59 PM

I think splitting your payment/deposit into RM10 is a bad idea. Each deposit you got to pay RM1 service charge. Can you cover your service charge with the shake reward? Also, the tax relief for 2019 is 8k. How many times you want to deposit?

My recommendation is each time deposit RM101 with mission CB + shake CB.

Deposit rm101 already seeing few pages of statement, can't imagine if deposit rm10

what is mission CB ?

im planning to deposit in 3,000 this month, so if i were to put 101 each time, i have to do it 30 times. also i notice that i need to use up the boost mission credit to start the mission, i have only 14 credits. how to get more credits ?

haha...i realized there's a rm1 transaction fee...so rm10/transaction is out of the window already

CB = cashback

They are only limited missions available for SSPN deposit every month. I think only each “Pay 400” & “Pay 200” available every month. So you have to schedule your deposit every month. Unless you don’t mind to deposit without any mission.

Thanks for the reply. I dont have enough boost coins to activate the mission, the 400 require 20 coins and 200 requires 10 coins

Luckily I have collected 800+ coins during the top up mission time.