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 Digital bank Rize, By Al Rajhi Bank

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Optizorb
post Mar 21 2024, 01:05 PM

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QUOTE(LostAndFound @ Mar 21 2024, 12:10 PM)
Not daily compounded though, that makes a difference.
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really?

for 100k untouched in Rize @ 4%:

with daily compounding you get: 4080.85/12 = 340.07/month

with monthly compounding you get: 4074.15/12 = 339.51/month

340.07-339.51 = 0.56 cents lesser/month.

0.56 cents lesser per month will make a difference? hmm.gif
Optizorb
post Mar 22 2024, 01:51 PM

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QUOTE(joice11 @ Mar 22 2024, 01:41 PM)
just wonder how u control 5 acc? u need to have 5 phone line and 5pcs of handphone?
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5 family members, each family member have their own phone what

its not that hard

like me myself have 3, myself + parents. Money source from me, Rize installed on their phone. Created account with their consent, but app password only i know

This post has been edited by Optizorb: Mar 22 2024, 01:53 PM
Optizorb
post Mar 22 2024, 02:02 PM

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next week final week. if no good news can say bye bye to rize.

but i wont close account, just leave the rm10 in there. In case in future they offer something attractive again then no need so mafan.
Optizorb
post Mar 24 2024, 12:28 PM

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Not bad, not good.

Gonna move 50k out from Rize to KDI Save first..

Optizorb
post Mar 27 2024, 07:59 PM

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adios rize 😬😬

see you again on 10th May
Optizorb
post Apr 1 2024, 02:09 PM

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all accounts credited correctly, no missing.

good job rize.
Optizorb
post Apr 1 2024, 05:31 PM

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QUOTE(lowkelvin @ Apr 1 2024, 05:12 PM)
Starting from today the promo rate is 3.8%

May I know money in Saving Pots also entitled 3.8%?
Asking this because I never use Saving Pots before 😅
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Same

This post has been edited by Optizorb: Apr 1 2024, 05:31 PM
Optizorb
post Apr 3 2024, 01:51 PM

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QUOTE(alpacino77 @ Apr 3 2024, 01:42 PM)
Is there a minimum balance you need to keep in the account or can transfer all out like GXbank?
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RM10 minimum
Optizorb
post Apr 5 2024, 04:14 PM

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QUOTE(ycktech @ Apr 5 2024, 03:58 PM)
I just notice lend u @ 3.79. give interest @ 3.8.
Mean they only give 0.1 only if inflow and outflow is the same.
Hahaha
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bank loan rates are rarely their Effective Interest Rates

typically EIR = interest rates x2 (almost double)

This post has been edited by Optizorb: Apr 5 2024, 04:16 PM
Optizorb
post Apr 10 2024, 12:17 AM

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Done transferred 49410 from rize to gx. No issues on all 3 accounts.

Instantaneously reflected as well. Good job rize thumbup.gif thumbup.gif

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