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 Conditional High Yield Savings Account

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MMMoney
post Apr 23 2023, 08:24 PM

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QUOTE(MGM @ Apr 16 2023, 11:16 PM)
This thread is for multi banks high yield CASA. IT will be nice to specify which product u guys r referring to. TIA.
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It's RHB Smart Account. www.rhbgroup.com/smart/index.html
MMMoney
post Apr 23 2023, 08:31 PM

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QUOTE(contestchris @ Apr 17 2023, 12:45 AM)
Wrong calculation.

Save = ~ 52000/3 * 1.8 * (365/12) = RM26.49
Pay = ~ 52000/3 * 0.75 * (365/12) = RM11.04
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Oh, the pay should be 0.75, and I will be getting the remaining 0.75 at the EOM.

But to calculate the MAB, the Actual Number of Days in a month, do you mind sharing why it's counted as 3 but not 2? It should be 2 days (30th Mar and 31st Mar) right?

MAB = Total Daily End Balance / Actual Number of Days in a month

eugenelam85
post May 1 2023, 05:21 PM

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This post has been edited by eugenelam85: May 4 2023, 05:23 AM
exwuliao
post May 8 2023, 12:05 PM

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Best account now is UOB One?
https://www.uob.com.my/personal/save/saving...ount/index.html
datolee32
post May 8 2023, 06:13 PM

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QUOTE(exwuliao @ May 8 2023, 12:05 PM)
If without consider investment, the highest one should be stanchart psa, 4.15% but quite troublesome, I personally use RHB smart 3.35%. UOB One Account below 50k 2%, above 50k 4%, if 100k effective interest rate only 3%.
xander2k8
post May 8 2023, 06:33 PM

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QUOTE(exwuliao @ May 8 2023, 12:05 PM)
Best one is Rize at 5% limited to the 1st 5k then 4% for after 1st 5k onwards
xander2k8
post May 8 2023, 06:33 PM

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QUOTE(datolee32 @ May 8 2023, 06:13 PM)
If without consider investment, the highest one should be stanchart psa, 4.15% but quite troublesome, I personally use RHB smart 3.35%. UOB One Account below 50k 2%, above 50k 4%, if 100k effective interest rate only 3%.
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Highest now is Rize 🤦‍♀️ if you compared Stanchart PSA
mamamia
post May 16 2023, 04:14 PM

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anyone has issue with RHB Smart account bonus interest tracker. I've fulfilled all requirement on 1 May 2023, but, based on the tracker, it still shown 0 progress.. anyone face the same?
contestchris
post May 16 2023, 11:08 PM

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QUOTE(mamamia @ May 16 2023, 04:14 PM)
anyone has issue with RHB Smart account bonus interest tracker. I've fulfilled all requirement on 1 May 2023, but, based on the tracker, it still shown 0 progress.. anyone face the same?
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Yes same issues, it shows 0 bills paid and RM0 deposited.

However, the credit card spend category is correctly showing as "FULFILLED".
mamamia
post May 17 2023, 10:18 AM

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QUOTE(contestchris @ May 16 2023, 11:08 PM)
Yes same issues, it shows 0 bills paid and RM0 deposited.

However, the credit card spend category is correctly showing as "FULFILLED".
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yes, only credit card spend shown target reached. u also paid bill n deposit on 1 May?
contestchris
post May 17 2023, 12:52 PM

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QUOTE(mamamia @ May 17 2023, 10:18 AM)
yes, only credit card spend shown target reached. u also paid bill n deposit on 1 May?
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No mine were later...it was correctly reflected initially, only bugged out when I checked yesterday
mamamia
post May 18 2023, 12:08 PM

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QUOTE(contestchris @ May 17 2023, 12:52 PM)
No mine were later...it was correctly reflected initially, only bugged out when I checked yesterday
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ytd checked still not reflected. Today finally reflected.
contestchris
post May 18 2023, 12:48 PM

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QUOTE(mamamia @ May 18 2023, 12:08 PM)
ytd checked still not reflected. Today finally reflected.
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Yes now all okay
download88
post May 26 2023, 01:39 AM

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QUOTE(MMMoney @ Apr 16 2023, 11:27 PM)
I am not able to figure out why my calculation is not able to match the Bonus 1 (save) received for the month of Mar. I opened the account at the end of Mar.

30-Mar Deposit RM 1000
31-Mar Deposit RM 50000
31-Mar Bill 1 - RM 1
31-Mar Bill 2 - RM 1
31-Mar Bill 3 - RM 1
31-Mar Bill 4 - RM 1
31-Mar Bill 5 - RM 1
31-Mar Bill 6 - RM 1
31-Mar Annual Fees - RM 8
31-Mar Interest Credited  RM 0.07 >> Correct
15-Apr Bonus 1 (Save) RM 26.49 >> Wrong
15-Apr Bonus 2 (Pay) RM 11.03 >> Correct

My calculation:
Save ( MAB x 1.8% / 365 x 31)
= 25993.04 x 1.8% / 365 x 31
= 39.74

Pay ( MAB x 0.5% / 365 x 31)
= 25993.04 x 0.5% / 365 x 31
= 11.04

I could not get the right number for Bonus 1 (Save), is there anything wrong with my calculation?
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want to ask 6 bills also same bill? e.g pay 6 times on unifi bill
or must be diff type of bills... tq
helloguyssss123
post May 26 2023, 08:46 AM

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QUOTE(download88 @ May 26 2023, 01:39 AM)
want to ask 6 bills also same bill? e.g pay 6 times on unifi bill
or must be diff type of bills... tq
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Can be same acc X 6 times.
Pay TNB bill RM1 X 6 times, easy
cybpsych
post Jun 27 2023, 02:55 PM

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cclim2011
post Aug 29 2023, 04:10 PM

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QUOTE(datolee32 @ May 8 2023, 06:13 PM)
If without consider investment, the highest one should be stanchart psa, 4.15% but quite troublesome, I personally use RHB smart 3.35%. UOB One Account below 50k 2%, above 50k 4%, if 100k effective interest rate only 3%.
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hello. not sure if asked or discussed before. i am back to psa after a while.

so is mab 90k in aug, 95k in sep, 100k in oct
then mab 90k in nov, 95k in dec, 100k in jan

makes be eligible for loyalty bonus for all the 6 month if you'd know?

if not i would slowly grow 3-4k from say 50k 😂

This post has been edited by cclim2011: Aug 29 2023, 04:20 PM
AskarPerang
post Sep 7 2023, 02:50 PM

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QUOTE(exwuliao @ May 8 2023, 12:05 PM)
QUOTE(datolee32 @ May 8 2023, 06:13 PM)
If without consider investment, the highest one should be stanchart psa, 4.15% but quite troublesome, I personally use RHB smart 3.35%. UOB One Account below 50k 2%, above 50k 4%, if 100k effective interest rate only 3%.
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I think UOB One account is the best at the moment for 50K to 100K savings.
Not sure what were the T&Cs previously.

But currently left only 2 steps to hit 6% pa. Easily achievable.
ericlaiys
post Sep 7 2023, 05:21 PM

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QUOTE(AskarPerang @ Sep 7 2023, 02:50 PM)
I think UOB One account is the best at the moment for 50K to 100K savings.
Not sure what were the T&Cs previously.

But currently left only 2 steps to hit 6% pa. Easily achievable.
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yup . 6% for up to 100k
Do 2 criteria. easy to hit
gooroojee
post Sep 7 2023, 07:06 PM

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QUOTE(AskarPerang @ Sep 7 2023, 02:50 PM)
I think UOB One account is the best at the moment for 50K to 100K savings.
Not sure what were the T&Cs previously.

But currently left only 2 steps to hit 6% pa. Easily achievable.
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QUOTE(ericlaiys @ Sep 7 2023, 05:21 PM)
yup . 6% for up to 100k
Do 2 criteria. easy to hit
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Maximum effective rate is 4% ya.. 2% on first 50k and 6% on second 50k.. average become 4%

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