Sorry I was not aware. Thanks for informing.

Hopefully Rize will see fit to continue with interest rates higher than GX

More fight more better, makes the rates higher

I didn't say go higher than current rates, but go higher than GX, which is 3.5% currently. 3.5% or slightly higher is fair possibility for Rize after 31 December..

This post has been edited by BWassup: Dec 9 2023, 04:49 PM

Yup, cannot select transferee bank.

There was a message on system maintenance from 12.30am to 8.30am tomorrow, when transactions would not be available. They started early?

This post has been edited by BWassup: Dec 9 2023, 06:00 PM

I'm not a customer yet. Just quoting what other people here said earlier. Now looking at the website, yeah, it's only 3% daily compounding rate for savings account. Not so exciting after all.

Apologies

Rize? no daily interest but higher rate overall. For now.

KDI save is not a bank but has higher rates than GX. Acceptable if can live with fund withdrawal within same day.

As calculated by someone a day or 2 ago, daily interest @ 3% compounded daily is only 3.04xxx %. Daily interest doesn't give much more.

This post has been edited by BWassup: Dec 11 2023, 05:40 PM

Hahaha. not exciting in that sense. Just that we got used to 4/5% with Rize.

This post has been edited by BWassup: Dec 11 2023, 05:50 PM

Light meal. Roti Canai RM2 + Teh Tarik RM2.20

Please don't talk out of context la bro just because I used the word "exciting" . I just said we are used to getting 4/5% for a long time, and these rates are good. Why talk about blaming BNM not raising rates? I certainly don't want BNM to raise rates unreasonably as I have a loan to service. And yes, one can earn high rates in Turkey and Argentina, but we all know it comes with a huge risk. Definitely not for me.

This post has been edited by BWassup: Dec 11 2023, 09:39 PM

I would say it is better than expected, given that FD rates have been coming off past few months.

System failures, too many comments already, hopefully their recent maintenance jobs make it work better.

Yes, it means that. As it did before, barring another revision in the campaign rates.

No need worry so far ahead. Rize is not a fixed deposit.

However, it's not the customers that determine whether there is counter service or not. It's the banks doing away with it as much as technology will allow them to. Counter service will probably be discontinued when it all becomes fully cashless and digitalized.

"It doesn't matter if the cat is white or black, as long as it catches the mice" - Deng Xiao Peng

Need to have salary credit, I'm not eligible

This post has been edited by BWassup: Dec 27 2023, 11:41 AM

[quote=ericlaiys,Dec 28 2023, 09:36 AM]
EAR is 4% for 100k (if u do 2 activities per month, easy to hit).
If u dont do 2 activities, then u will not get 4%. This promo already running before rize come out
So far UOB is much more stable

[/quote

UOB one account works best if used just like a RM100k FD. Otherwise, if used as a transactional account and if the balance drops below or goes above 100k on any day, the effective overall rate will be lower than 4%.

Whereas Rize will pay 4% (wef 1.1.24) regardless of your balance.

I would say Rize is more flexible, if one can live with lower daily transfer limits (since no counter transactions), and can accept their much-maligned systems and CS quality.

jack2, I can do with others' posts, but I couldn't with yours.

Not sure why.

This post has been edited by BWassup: Dec 29 2023, 09:51 AM

ok got it.

No complaints in here about Rize so far today. Previous bugs fixed then.

This post has been edited by BWassup: Jan 1 2024, 10:06 AM

Tried to do a Duitnow transfer of 12k to a new payee at another bank today. Failed twice. 10min later Rize CS called, informing that it had breached their parameter, so she called to verify before I could do it again successfully.

She said it's not because it's a new payee.

Not sure what the limit is for transfer to go through immediately

This post has been edited by BWassup: Jan 4 2024, 09:43 AM

We have all experienced the weaknesses of Rize systems. Wonder if they would have spent additional cost to move on to the next level of data analytics to include personal scoring?

I also had similar experience. In the beginning, multiple 5k transfers were blocked after the third transfer. 50k transfer was blocked once.

After a few such blocks, neither mode were blocked. Until today. I usually transfer to saved favorites, but today it was to a new beneficiary. CS says not because it's a new beneficiary, so could be it's because it's above 5k or 10k, or it's not a saved favorite?