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 Digital bank Rize, By Al Rajhi Bank

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virtualgay
post Aug 17 2023, 09:34 PM

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QUOTE(ikanbilis @ Aug 17 2023, 07:00 PM)
VIP - no fee imposed

ikanbilis - 50sen fee  sweat.gif
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then i want become VIP
how to become VIP
virtualgay
post Aug 17 2023, 09:36 PM

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QUOTE(ikanbilis @ Aug 17 2023, 07:20 PM)
Just tahan till 31 Dec when the promo ends then transfer all money out.
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i wish it never end cause i like it... high interest
every month i earn like around RM35 from interest

virulence
post Aug 17 2023, 11:14 PM

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QUOTE(virtualgay @ Aug 17 2023, 09:36 PM)
i wish it never end cause i like it... high interest
every month i earn like around RM35 from interest
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I received a call from Al Rajhi bank today and they intro other investments like unit trust, physical gold purchase, foreign funds account & FD. FD rate is currently 4% p.a. so I think they will start reducing Rize interest rates starting on 1st Jan. Nothing lasts forever bye.gif
virtualgay
post Aug 17 2023, 11:16 PM

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QUOTE(virulence @ Aug 17 2023, 11:14 PM)
I received a call from Al Rajhi bank today and they intro other investments like unit trust, physical gold purchase, foreign funds account & FD. FD rate is currently 4% p.a. so I think they will start reducing Rize interest rates starting on 1st Jan. Nothing lasts forever  bye.gif
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by that time our OPR will be like 3.75% since there is no more reason to not increase OPR, no more PRN
so we should be able to get 4.00% FD
ericlaiys
post Aug 17 2023, 11:59 PM

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july interest not deposit- got an update from CS. They will credit on 1 Set 2023
ronnie
post Aug 18 2023, 07:38 AM

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QUOTE(virtualgay @ Aug 17 2023, 11:16 PM)
by that time our OPR will be like 3.75% since there is no more reason to not increase OPR, no more PRN
so we should be able to get 4.00% FD
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Raise to OPR 5% better...
1mr3tard3d
post Aug 18 2023, 09:34 AM

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QUOTE(cybpsych @ Aug 17 2023, 07:06 PM)
you did many transfers of >5k?

I suspect something like FOC up to X transfers. after that, fee imposed.
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user posted image
more than 7 per month / more than 4 per day i guess
virtualgay
post Aug 18 2023, 10:58 AM

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QUOTE(1mr3tard3d @ Aug 18 2023, 09:34 AM)
user posted image
more than 7 per month / more than 4 per day i guess
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save a lot of nasi lemak money!!!
4 times already can buy 1 nasi lemak provided nasi lemak no inflation la
SUSBrookLes
post Aug 20 2023, 08:54 PM

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QUOTE(virulence @ Aug 17 2023, 11:14 PM)
I received a call from Al Rajhi bank today and they intro other investments like unit trust, physical gold purchase, foreign funds account & FD. FD rate is currently 4% p.a. so I think they will start reducing Rize interest rates starting on 1st Jan. Nothing lasts forever  bye.gif
*
Well. That 5% is just to attract newbies to put money into their account. But they are a foreign bank. Unless they really give good investment options like say physical gold purchase with very low spread. Why should I put my money inside instead of in other banks that gives the same interest.

Still hoping that rize can increase the period of this promo for newbies like me. Or at least make the interest rate 4.5 instead. Otherwise no point putting in.

This post has been edited by BrookLes: Aug 20 2023, 08:56 PM
virtualgay
post Aug 21 2023, 12:05 AM

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QUOTE(BrookLes @ Aug 20 2023, 08:54 PM)
Well. That 5% is just to attract newbies to put money into their account.  But they are a foreign bank. Unless they really give good investment options like say physical gold purchase with very low spread. Why should I put my money inside instead of in other banks that gives the same interest.

Still hoping that rize can increase the period of this promo for newbies like me. Or at least make the interest rate 4.5 instead. Otherwise no point putting in.
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can you tell me which bank give the same interest rate, i would love to open an account with them soon...
im sure a lot of bro here will love to do the same...
waiting for your feedback / respond
ronnie
post Aug 21 2023, 08:46 AM

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All monies in RIZE is protected by PIDM... so it's pretty safe as the Malaysian Govt.
ericlaiys
post Aug 21 2023, 09:41 AM

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problem resolved on transaction history not showing. just make a call and problem resolved.
after click transaction history...wait couple sec..then voila, now appearing liao
virtualgay
post Aug 21 2023, 11:41 AM

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QUOTE(ericlaiys @ Aug 21 2023, 09:41 AM)
problem resolved on transaction history not showing. just make a call and problem resolved.
after click transaction history...wait couple sec..then voila, now appearing liao
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Their transaction history is too plain cannot even figure out the 100 was transfer to which bank
It just show name... That's all nothing more
SUSBrookLes
post Aug 21 2023, 01:25 PM

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QUOTE(virtualgay @ Aug 21 2023, 12:05 AM)
can you tell me which bank give the same interest rate, i would love to open an account with them soon...
im sure a lot of bro here will love to do the same...
waiting for your feedback / respond
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I indicated that this is the only reason why ppl put in.
xander2k8
post Aug 22 2023, 05:04 PM

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QUOTE(ronnie @ Aug 21 2023, 08:46 AM)
All monies in RIZE is protected by PIDM... so it's pretty safe as the Malaysian Govt.
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Not all the money 🤦‍♀️ it is PIDM only up to 250k per depositer account name
ronnie
post Aug 22 2023, 06:00 PM

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QUOTE(xander2k8 @ Aug 22 2023, 05:04 PM)
Not all the money 🤦‍♀️ it is PIDM only up to 250k per depositer account name
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thanks for the clarification. PIDM only up to 250k per depositor account is a known fact to all Malaysian by default
nexona88
post Aug 22 2023, 11:08 PM

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QUOTE(ronnie @ Aug 22 2023, 06:00 PM)
thanks for the clarification. PIDM only up to 250k per depositor account is a known fact to all Malaysian by default
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Not everyone knows...

Some don't even know the existence of PIDM & what they do....


xander2k8
post Aug 23 2023, 12:03 AM

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QUOTE(ronnie @ Aug 22 2023, 06:00 PM)
thanks for the clarification. PIDM only up to 250k per depositor account is a known fact to all Malaysian by default
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It is not really known fact 🤦‍♀️ as even when you open bank account physically most bank officers don’t even emphasis about before you open account

Even digital bank itself like Rize during onboarding doesn’t even mentioned it 🤦‍♀️ and you would only know if it is in PDS and the person has read it through to know about it

QUOTE(nexona88 @ Aug 22 2023, 11:08 PM)
Not everyone knows...

Some don't even know the existence of PIDM & what they do....
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Yes you are right a lot not aware where is PIDM and it’s functions and how it works
ronnie
post Aug 23 2023, 07:28 AM

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Everyone does not want to use PIDM actually... so dont bother to know
nexona88
post Aug 23 2023, 09:28 AM

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QUOTE(ronnie @ Aug 23 2023, 07:28 AM)
Everyone does not want to use PIDM actually... so dont bother to know
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Not don't want to use..

Many don't know it's existence... Early days also I don't know... Thrn slowly I get to know... It's like some kind of insurance for banks products 😜

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