yes they followed slapface guy's favourite "board rate".

around 3%. Guess they forgot to update their system for the extended promo.

EDIT:
called CS, they are aware of this issue. Everyone is affected.
CS said customers should get credited with the remaining amount by end of today.
Means will have another deposit from rize, so keep an eye out for it. Like another poster above got another credited transaction

This post has been edited by Optizorb: Feb 1 2024, 09:02 AM

how to have "another" when there wasn't one in the first place?

if only got the 31st jan credited and not 1st feb credited then confirm not accurate as CS already said everyone also affected by the short crediting.

if you get the other one credited today, then should be correct interest amount dy for your month of Jan.

then up to you want to verify its exact or not. For me I would still verify la, I always do manual verification on 1st of the month, regardless got problem or not

takes like 1 week for statement to be available iirc.
so i just manually calculate on my own only. screenshot all transactions from previous month, then tally up each end of day's balance. if you have an excel spread ready it would be very simple and doesn't take much time to calculate it. Certainly much faster than waiting for the statement to be available


i also make a lot of transactions every month, using it like a normal banking acc.

depends on your luck. some people kena, some dont.

cant speak for gxb as i dont use it.

im talking about rize. sometimes people get charged, sometimes people dont.

its just rize being rize. to be safe i just transfer 4999 multiple time

no head no tail

at least tell out what's the issue you facing

apart from that big fak up by Rize on 1st December, i have not had any issues since regarding deposits/withdrawal. Only other issue encountered was for January profit credited short cause they forgot to apply new promo rate.

and im using Rize just like my SA. With daily in-out in-out multiple transactions cause of business.

Either:
1) I am really lucky
2) You are really unlucky
3) You dont even use Rize anymore but just trying to keep the circlejerk alive

rize know you are the TS for rize tered

thats why dont give you close account

did your 4% divide by 366 instead of 365?

and did you calculate for 29 days instead of 30/31 days?

mine a lot of in and out transactions also ngam for all 3 accounts

good job rize. now time to announce good news for us in the next 2~3 weeks.

mine normal business transactions only.

i thought of doing what you said above to double dip from 2 places , but then decided not to.
dont want kena banhammer on my account in either 1 of the place if they deem it to be "fraudulent transactions"

This post has been edited by Optizorb: Mar 1 2024, 06:49 PM

the interest doesn't compound every day..

End of day 11.59pm balance x 4% /366 = your daily interest you get (which will only be totaled at the end of the month)

monthly interest = sum of all the daily interest calculations
give or take 10~20 cents difference due to rounding differences

example: if you have 5k inside rize and never touch the money:

Day 1 EODB = 5k x 4% /366 = 0.55 cents (actually it is 0.54644808743)
Day 29 EODB = 5k x 4% /366 = 0.55 cents (actually it is 0.54644808743)

own calculation = 29 days x 0.55 cents = 15.95 interest
actual calculation = 29 days x 0.54644808743 cents = 15.8469945355 = received 15.85 from rize

This post has been edited by Optizorb: Mar 2 2024, 01:21 PM

nonsense.
they round up to two decimal places when the third decimal place is 5 and above.

This post has been edited by Optizorb: Mar 7 2024, 12:59 PM

dont know dont care, just wanted to tell you that you spoke nonsense earlier regarding banks dont round up.

December: (5k x 5% /365) x 31 = 21.2328767123 = received 21.23 (not rounded up)
January: (5k x 4% /366) x 31 = 16.9398907104 = received 16.94 (rounded up)
February: (5k x 4% /366) x 29 = 15.8469945355 = received 15.85 (rounded up)

account maintained constant 5k


This post has been edited by Optizorb: Mar 7 2024, 01:13 PM

fingers crossed.

will know in the next 2 weeks.

choiii

ASM or KDI

rize. you heard this? better announce good news next week or else we all cabut

bank run lets go