Couldn't understand whether this has been addressed yet for UOB One account - the tiering discussion I did see.

Is the interest calculated daily rest or monthly average?

So if today I put 100k in and leave it till end of the month, will I earn 4% EIR on that 100k for each day remaining?

Or will it take the monthly average balance (RM0 x 8 days + RM100k x 23 days) of 74.1K and then give interest of 2% on the first 50k, 6% on the next 24k?

Thanks, will put >100k to get full benefit for March then!

Can't find clear answer in UOB https://www.uob.com.my/personal/save/saving...ount-index.html - the bonus 6% on 50k-100k amount is till what date? Currently 4% at 100k will fall to 3% effective when that promo expires.

Fresh grad unlikely to have sufficient amount to need to chase small differences in percentage return, the time spent on doing all the additional work probably cost them more than the small returns in interest.

You only need to fulfil 2 criteria, no benefit to fulfill more than 2.

The easiest (IMO) is credit card spend (you should be holding UOB One and that has minimum spend of RM500 for benefits anyway) and transfer RM2k in.

That's not how the interest works... you don't have to fulfill ngam-ngam on first day of month to get the interest.

Assuming you got 100k in the savings account, to get the 4% interest (roughly RM333 per month) for October you need to fulfill the criteria before end of the month. They will grant the interest for the whole amount for the entire month.

Source: been using this account since last year, I always fulfill mid to end month for the CC spend category but have always received 4%.

The interest is 2% on your first 100k (monthly average balance), 6% on your next 100k. So best rate is leave 200k inside for 4% effective. Everything past 200k is 2%. And as long as you complete the two tasks each month you will get the same rate.

Your extra money deposited (just like the excess past 200k) only earns 2%, because that's the rate for >200k.

No one knows how long promo will last. But they will inform a bit ahead of time if any change.

If you have >200k, I suggest only put 200k in this account. The remainder better to be put in any other high interest account which give more than 2% (SCB/OCBC/TNG Go+/RHB/KDI/Boost). Or if you have a spouse, get them to open one, put 150k each.

RHB smart-i 2025 campaign seems to be 4.25% if can have monthly incremental of 1k. Without then 3.85% (not as good). What I don't like is PAY requirement increased to RM25, but can be done I guess. Is this the highest possible rate currently without invest/trading stuff?

4% on 400k, 6.85% only on up to 100k amount.

400k the bank has collateral. 6.85% includes usage of bank services which also earn the bank monies.

Basically not comparing apple to apple.

For RHB I consistently can't seem to get the Pay component. 3 bills of RM25 - I pay TNB 3 times RM25 each will qualify?

Yes exactly. I pay using the app, and I pay RM25 each time, and I pay from the Smart-i savings account.... dunno why only getting Bonus 1 (Save) and no Bonus 2 (Pay).

Time to call I guess.

I only started doing the PAY component (after skipping half a year due to preferring UOB One) in May. Does that mean I will get the May bonus 2 on 22nd June (or somewhere close to that)? The bonus paid in June is earned from May deposits and activities?

Anyone has experience - the current RHB smart account promotion - what happens if you don't hit the MAB? Straight away no bonus, or bonus interest is lesser? From the graph in https://www.rhbgroup.com/personal/deposits/...ount/index.html it shows (up to 1.6% per pillar achieved for amounts 50k<100k) but underneath the image has a footnote saying "Applicable to customers who increased an their balances of more than RM1,000 compared to previous month to entitle for an additional 0.20%p.a. "

Not sure if this means "only customers who increase MAB will get the 1.6%" or "only customers who increase MAB will get an additional 0.2%"?

I specifically asked about 'increase MAB by 1k' which is necessary to get 1.6%. Not maintain minimum 1k. I mentioned that multiple times in my question.

So it will become 1.4% for each criteria if the MAB doesn't increase instead of 1.6%? Not 0%?

Anyone not received the SAVE bonus (normally 15th of the month) in July yet?

My RHB Smart account has increment RM1k MAB, total amount ~99k MYR, and did receive multiple deposits of >1k in June (3 times on 1st June). Hibah credited on 30th June was expected amount.

I have never changed this before. I received cash rebate in the previous month.


Thanks. Did not receive this through any channels (email, SMS, app), may I know how you got to know about this?

Still got people using OCBC360? RHB and UOB so much better since OCBC last revision.....

My RHB account been having smaller amount last few months since threw all my liquidity in SSPN for the 1% ganjaran kesetiaan.

October was withdrawal date, so I dumped into Smart account. Did some quick maths to ensure RM100,000 monthly average balance.

I have joy@work status, and I satisfied the spend and pay conditions.

Received RM4.25 on 31st Oct and RM441.645 on 7th November. Based on my calculations that's 5.25% p.a. exactly (5.2499)

For November I add RM1041 to MAB (slightly above in case their maths rounding different) hopefully can maintain.

The problem with hitting 6.85% is that the remaining actions all quite expensive. Don't mention home loan/auto loan, RM100 brokerage fee is effectively spent to get RM135.89 additional return. Investing in their unit trust opportunity cost is high. Anyone tested converting to foreign currency/precious metal? What's the spread, and does it work if convert and then convert back?

Okay, I'll bring it over:-

The task 3 is what you're talking about. Need multicurrency accoutn though? Let me chekc how to open that.