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 Conditional High Yield Savings Account

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ericlaiys
post Nov 23 2022, 08:05 PM

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QUOTE(leo_kiatez @ Nov 23 2022, 04:56 PM)
How does HLB pay & save works, daily or monthly interest? Need to deposit MYR to foreign currency?
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where got 3.05%. saving only 2%. rest if spend 500 . you can play around using this calc:- https://www.hlb.com.my/en/personal-banking/...ve-account.html
ericlaiys
post Dec 16 2022, 06:06 PM

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QUOTE(IceLeo @ Dec 16 2022, 09:33 AM)
Bonus interest 0.5% capped at RM30.. kind of like cheating.. u cant get 3.05% no matter how you meet the requirement unless ur money is less than 6000
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that why i dont bother. uob can get 2.8% easily.
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
ericlaiys
post Sep 7 2023, 11:49 PM

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QUOTE(lovelyuser @ Sep 7 2023, 08:01 PM)
Ya ya, done the calculation. Hence the best is Rize at this moment till end 2023, if no changes
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lol...a lot of rize people complained that calc interest is incorrect. so at least uob still consistent and accurate.
aug interest is all 4% rather than 5% for first 5k
ericlaiys
post Oct 27 2023, 10:31 AM

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QUOTE(weiseang72 @ Oct 27 2023, 08:48 AM)
HLB PaySave account the deposit 2k consecutive 3 months for enjoy the 2.25% interest, want to ask do we need maintain full 2k amount we deposited in or we can out after deposited in?
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better maintain after deposit in
ericlaiys
post Jan 19 2024, 04:32 PM

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QUOTE(thecurious @ Jan 19 2024, 01:28 PM)
Wow dropped so much...
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How do u view the rate? Cannot even see it. Only 1 page
ericlaiys
post Jan 19 2024, 04:48 PM

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QUOTE(cybpsych @ Jan 19 2024, 04:46 PM)
6 pages of pdf wor
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How come I only see 1 page in iPad (open safari and chrome)?
Try later on laptop
ericlaiys
post Jan 20 2024, 01:41 AM

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QUOTE(mamamia @ Jan 19 2024, 04:54 PM)
ya, safari having this kind of limitation... dunno y, n always happened for SCB's pdf
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but i have tried chrome.same problem
iphone also same fate
ericlaiys
post Jan 21 2024, 10:01 AM

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QUOTE(mamamia @ Jan 20 2024, 06:43 PM)
I should said iOS issue, not safari
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yes. you are right. i can opened from my macbook without any issue.
from 6.15 -> 4.15%, better go to gxbank 3% without do anything & daily interest
ericlaiys
post Jan 21 2024, 01:10 PM

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QUOTE(anon118 @ Jan 21 2024, 12:41 PM)
My concern is that it cannot transfer money in and out like a normal bank.
Even though it uses nice account numbers, I seem to be unable to use other conventional banks to transfer money in.

Maybe I'm doing something wrong?
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no problem transferring from my bank acc.-4 different bank. i think is your bank issue. please provide which bank cannot
ericlaiys
post Jan 21 2024, 01:11 PM

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QUOTE(frankliew @ Jan 21 2024, 12:24 PM)
GXbank is the best so far for daily use. If got duit now scan will be great.
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u can use debit card and get 1% cashback

This post has been edited by ericlaiys: Jan 21 2024, 01:11 PM
ericlaiys
post Feb 24 2024, 01:36 PM

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QUOTE(contestchris @ Feb 24 2024, 01:30 PM)
To get 4% you need rm100k. RM100k is also beyond emergency savings or short term savings for most people. For all other kinds of money, they should be made to work harder anyways.
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above 50k already can get 4%. no need 100k
ericlaiys
post Feb 24 2024, 01:36 PM

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QUOTE(contestchris @ Feb 24 2024, 01:30 PM)
To get 4% you need rm100k. RM100k is also beyond emergency savings or short term savings for most people. For all other kinds of money, they should be made to work harder anyways.
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above 50k already can get 4%. no need 100k
ericlaiys
post Feb 24 2024, 01:36 PM

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QUOTE(contestchris @ Feb 24 2024, 01:30 PM)
To get 4% you need rm100k. RM100k is also beyond emergency savings or short term savings for most people. For all other kinds of money, they should be made to work harder anyways.
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above 50k already can get 4%. no need 100k
ericlaiys
post Feb 24 2024, 02:48 PM

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QUOTE(!@#$%^ @ Feb 24 2024, 02:19 PM)
up to within 50-100k is 4%. more than 100k is 3.6%. but within the limits of high yield savings account, this is still the best.
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3.6% is till 125k only
ericlaiys
post Feb 24 2024, 03:59 PM

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QUOTE(!@#$%^ @ Feb 24 2024, 02:59 PM)
oh is it? didn't see that. lol
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QUOTE(!@#$%^ @ Feb 24 2024, 03:19 PM)
but anyway more than 100k u only get 2% anyway. make no sense to put more than 100k.
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From uob website:

Effective Interest Rate of 3.60% p.a. for balance tier above RM100,000 is calculated based on RM125,000
deposit, provided customers complete any of the 2 actions per month

Above 125k, better transfer & put on gxbank - 3% pa
ericlaiys
post Feb 24 2024, 04:13 PM

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QUOTE(!@#$%^ @ Feb 24 2024, 04:08 PM)
what about if i put 100k in uob and 25k in gxbank? will the effective rate be more than 3.6% ?
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if you do

100K - 4% EAR [UOB]
25K - 3% EAR [GX]

i will max

UOB:
100K - 4% EAR
25K - 3.6% EAR

GX:
any amount extra after uob - 3%
ericlaiys
post Feb 25 2024, 09:49 AM

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QUOTE(!@#$%^ @ Feb 25 2024, 01:35 AM)
hmm or is it EAR 3.6% for the whole 125k after factoring in 25k at 6%? my math not good. lol
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nope uob calc each based on tiering.
if you worry, then just put till 100k
ericlaiys
post Feb 25 2024, 04:40 PM

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QUOTE(Nom-el @ Feb 25 2024, 04:30 PM)
It is not true at all. One will only get 2.xx% to 3.xx% for amount above 50k depending on the exact amount. 4% is only for 100k or amount very close to that as it is based on split-tier calculation.
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Ear is correct. Every month get those interest bank in since they introduce it last few month.
ericlaiys
post Mar 3 2024, 12:45 AM

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QUOTE(mamamia @ Mar 2 2024, 11:21 PM)
Meaning if I have more than 100k, I shall put to other bank like RHB SMART / OCBC? I thought 125k effective rate is 3.6%, still higher than RHB smart / OCBC 360.. so I’m confuse whether I should put the extra 25k in uob one or RHB better?
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I will put max 100k-4%
Extra 25k put at GXBank better-3%

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