Could be campaign related. They are having a campaign for bonus interest for RHB Smart account. Could be that. I don't get it though

What we're the RHB Smart Account interest rates pre-Covid? That should give an idea as OPR rises.

You maybe didn't meet the monthly average balance amount by doing that

Guys, any idea how much does RHB Smart account's rates change based on OPR Hikes/Cuts? I noticed despite two rate hikes, they didn't adjust rates, unlike say OCBC, which has done so.

What exactly is updated yea? Can't see any difference at first glance.

OCBC 360 now at 3.10%, HLB Pay & Save now at 3.05%.

Anyone have a historical movement of RHB Smart interest rates when OPR was falling? I’m just wondering why they’re not changing over the last 1.5 years since OPR has gone up 4 times now.

In June 2020 it was 3.25%

https://pictr.com/image/7xHCCv

No I can't recall but invest is not included here. Its beyond this. That's why it says 3.25% and above.

Any news revision to RHB Smart Account?

Damn right RHB has finally arrived at the party 3.35% is a great rate. They have bumped the bill payment and card spending bonus rate up by 0.25% each.

No need. For max 3.35%, easiest combo is:

1) Maintain RM1k avg throughout the month
2) Deposit at least RM2k
3) Pay 3 bills (RM1 payment to TNB x 3 times counts)
4) Spend RM1.0k with RHB cards

Actually no scratch that, easiest way is pay 6 x RM1 to TNB account. No need bother with card spending as you will get an additional bonus of 0.75% for 6 bill payments.

This post has been edited by contestchris: Jan 7 2023, 03:51 PM

The Campaign is open to all new and existing RHB Smart Account/-i customers (both residents and non-
residents) of Consumer Banking Segment only (“Eligible Participant(s)”). The participating account
under this Campaign is the RHB Smart Account/-i (“Eligible Account”).

Yes which is exactly what I said in the final paragraph

For me is nil as my debit card is the zero annual fee version.

I presume consumer banking means individuals like us (as opposed to business/commercial banking).

I'm not sure if you can apply online with just a credit card.

I already had a RHB debit card (along with the Shell CC) and yes, I was able to apply online. They just retagged my primary for debit card from SA to CA.

Yes you can withdraw anytime. It's just a transaction record. But beware, need to have average balance of RM1k/month.

In any case, if you don't even have a an average balance of even a thousand Ringgit, quite pointless cause at that point any difference in interest rates is just a matter of a few cents.

This post has been edited by contestchris: Jan 7 2023, 07:00 PM

Yes bingo. Don't tell them anything about Smart Account.

In my case I opened for my HL. Only later I created the Smart Account.

See the two versions here: https://www.rhbgroup.com/personal/personal-...ount/index.html

Sometimes they will bodo2 don’t know about the zero annual fee version since the bank obviously cannot earn fees in such a scenario. Threaten to report them to BNM and suddenly they will remember and allow.

This post has been edited by contestchris: Jan 10 2023, 10:28 AM

Yes. The BASIC Smart Sccount features is still rm2k deposit, 3 bills and rm1k card spend.

The BONUS features of 6 bills, rm2.5k card spend, mortgage etc are NOT captured in the app.

Takes 2 days to update, it's normal.

Calculation of all bonus interest will be for the full month regardless when you complete the task

This post has been edited by contestchris: Jan 25 2023, 11:44 PM