yup. i also surprised when they share their namecard. keep call me when i'm oversea and i did not accept their call

I feels like Rize is one big data sharing information hubs...

To lure people with higher interest rate, same time cross share @ sells to parent AlRajihi bank or other they deem fit.

AlRajihi got insurance arm @ subdivision??? If yes. Prepared to get call from them too 😊

if is ZERO% pls direct them to me

Huhuh

Didn't bother to ask what's the rate offered...

Later if they spam back. I tried to ask what's the rate they offering 😁

But I'm sure it's won't be zero % 😄

if ZERO% i take 1.0M put inside RIZE then slowly pay them back through installment
basically we take Alrajihi money put into Rize to earn interest
free money who dont want hahaha

If you are eligible to take up 1million you wouldn’t be bother with Rize already 🤦‍♀️

Borrowing that amount the interest % would be very low if you know

Hehehe

Smart planing u have there 🤪😄

But it's not going to happen 😔

if got 1% i sure borrow pls let me know
2% then dont want borrow la
money makes money who dont want
free money le...

see table below if is zero% for RM1.0M installment payment over 12 month with interest earned per month
It is free money
we earn about 2.1% from RM1.0M by doing nothing other than making sure every month u pay to the bank on time
if the interest is 1.0% u still earn 1.1%
if the interest is 2.0% then u still earn 0.1% which is stupid <- dont waste your time
this post is to let ppl know dont go and borrow money and put into FD or high saving interest account because the logic is not straight forward
u think u borrow RM1.0M with 2.0% interest u earn another 2.0% if your bank pay you 4%

again my calculation is a straight forward one, if want to make it even more accurate then you must take the interest earn add back into the "amount"



This post has been edited by virtualgay: Oct 17 2023, 10:10 AM

here u go, not much difference in terms of % earned
2.194% vs 2.142%
I guess this is called effective interest earned but i might be wrong

when we borrow money from bank when bank say it cost us 4.0% per annum that is not the effective interest rate because u need to pay back bank base on the installment schedule

whenever u make payment the amount that is left with you get reduce to lower amount and by the 12th month the amount is so little so technically you borrow RM1,000,000 you are left with just RM83,333 on the very last month

this is just for education purpose

no idea why my post is reported, no idea what is the violation...

I took 0% Cash from CC and put in Rize and use 0% BT merry go round to pay the credit card.

i think i need to report your post since it got nothing to do with RIZE!!!

People talk about making use free money make money，
You suggest dont bother ...? and better go borrow ?

What logic is this?
Something wrong lah you..

This post has been edited by guy3288: Oct 17 2023, 12:54 PM

CC is credit card? Which bank card is giving cash at o% so good

Yes credit card. Currently I know Maybank having that promotion. You may read more about it in the Maybank Card Thread.

Thanks a lot!

You mean the tier board rates? likely it will go down back to 4% because it is not sustainable 🤦‍♀️

even 4% is promotional rate
it will be maybe 2.0% like that

see their previous promo on special rate it start from 2.0% so this will most likely be their board rate of 2.0%



This post has been edited by virtualgay: Oct 17 2023, 11:48 PM

hi sifu all, the banker came to our office to ask us to open rize account.. they say debit card is not compulsory to get 5% interest.. but the pdf says otherwise.. mind to confirm?

Yes CS said not compulsory as well