Problem is 3%

After 31 dec and rize no longer 4%, then it is alternative option. it will be same fate as mbsb. people will move out after no more promo.
from what can see, all rize promo and contest end on 31 dec. unlikely will renew as they got base already.

This post has been edited by ericlaiys: Nov 26 2023, 11:38 PM

mass withdrawal let them suffer

Still new...

Later few months time...

That's when the real deal @ show begins 😁

agree still beta release for 20k accounts only.

Let's just hope they revert back to the previous promos?
Or at least maintain it at 4% p.a.

After 31 Dec, probably will remain 4% rate only

well....

it's kinda 50/50 I would say...

they needed to stop the mass withdrawals... so maybe extended probably another few months....

extend to keep my funds in RIZE, else withdrawal to elsewhere... hopefully November & December profit credit on time.

Original Profit rate is tier based

Need to see if they solve the issues or not...

Finger crossed 😁

Now got another competitor.... Must up their game

Interest/Profit rate: Rize > TnG E-wallet > GXBank > other traditional banks

i dont mind if revert back to this promo... still better than GX Bank

tng ewallet even higher interest 3.25% or something
i think they got limit on the amount u can keep
tng is technically not digital bank more of a ewallet saja

end promo -> mass withdrawal -> suffer -> new promo -> mass influx $$ ->end promo
the cycle continues

This post has been edited by sjz: Nov 27 2023, 02:58 PM

agree.... normal board rate of RIZE also ~4.01% per annum

Cannot compare this way 🤦‍♀️ when TnG doesn’t have PIDM protection and Rize and GXBank actual bank which holding actual liquidity while TnG outsource 🤦‍♀️ to Principal to manage without protection

Limit up to 9500 🤦‍♀️ without PIDM protection and subject to many problems particularly those who got soft ban

Read what i wrote Interest/Profit Rate of each of them... did i compare other features ?

KDI 4%, VERSA 4.3% - this 2 no PIDM and got limit
TNG - too small limit and no PIDM
GX Bank 3% got PIDM
Rize 4% got PIDM

i guess real winner is Rize for now

Actually speaking...

PIDM protection or not really make difference???

Not they gonna GG anytime soon 😆