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 Digital bank Rize, By Al Rajhi Bank

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ronnie
post Feb 1 2024, 01:43 PM

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QUOTE(!@#$%^ @ Feb 1 2024, 01:41 PM)
already advised not to make outgoing transactions on every 1st of the month
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this i agree....
ronnie
post Feb 12 2024, 10:01 PM

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QUOTE(wenjuinchuah @ Feb 11 2024, 07:33 PM)
Its very unreliable for a license bank to have such terrible system
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chasing post count type of posting.
ronnie
post Feb 13 2024, 02:02 PM

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QUOTE(richtrons @ Feb 13 2024, 09:17 AM)
hi, is it only me or does anyone else also cannot transfer money into Rize? I tried from tranferring other bank accounts and they all fail
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i transfer via DuitNow yesterday... no issues also (MAE to Rize)
ronnie
post Feb 23 2024, 02:31 PM

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QUOTE(Vincent9696 @ Feb 21 2024, 06:23 PM)
wish rize 4% can stay longer than this march
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i told the CEO continue Q2 for Raya
ronnie
post Mar 1 2024, 09:38 AM

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My Feb 2024 interest drops in accurately.
ronnie
post Mar 1 2024, 11:34 AM

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QUOTE(leanman @ Mar 1 2024, 10:19 AM)
This page very quiet today  tongue.gif
Seems like interest paid with no problem, mine like out by 0.20 sen, could be rounding difference.
All ends well, one more month to go, lets see what's next!
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use 366 instead of 365
ronnie
post Mar 1 2024, 11:35 AM

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QUOTE(ericlaiys @ Mar 1 2024, 10:22 AM)
or may be exit from rize...lol
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good lo... remove the troublemakers who keeps complain aje.
ronnie
post Mar 1 2024, 12:09 PM

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QUOTE(nexona88 @ Mar 1 2024, 12:04 PM)
Who knows the one who complained alot is the one hoping for extension of the rates 😁
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more complain get more interest rate rclxms.gif biggrin.gif tongue.gif
ronnie
post Mar 1 2024, 01:00 PM

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QUOTE(Lancer07 @ Mar 1 2024, 12:36 PM)
Rize electrify your dreams campaign month until November 2024

I think their 4% promo will extend to November, hopefully
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lagi cun..... go go CEO RIZE pls continue 4% ya
ronnie
post Mar 1 2024, 09:36 PM

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if after March 2024, and offer % higher than GXBank, RIZE will win "my cash"
ronnie
post Mar 2 2024, 09:33 PM

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QUOTE(Vincent9696 @ Mar 2 2024, 12:56 PM)
im using formula of  4% divide 366 days and then compounding it everyday, the outcome still incorrect amount .

Not sure whats the time they cut off , 1 of the account is no transaction in last month , the interest amount is correct.
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based on my own calculation there's no compounding daily actually.
Day's interest = based on the day's end balance for the day x 4% divide by 366

Eg.

Day 1 start balance = RM1000
Day 1 withdrawal = RM200
Day 1 deposit = RM50
Day 1 end balance = RM850

Day 2 start balance = RM850
Day 2 end balance = RM850
:
:
Day 1 interest = 850 x 4% / 366
Day 2 interest = 850 x 4% / 366

This post has been edited by ronnie: Mar 2 2024, 09:51 PM
ronnie
post Mar 2 2024, 09:34 PM

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Another tip use more than 2 decimal places
ronnie
post Mar 2 2024, 09:47 PM

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QUOTE(cclim2011 @ Mar 2 2024, 09:37 PM)
lowest day end? what that?

means if day start lower than day end, day start amount will be used ro calculate huh?
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sorry updated...
my mistake.
ronnie
post Mar 5 2024, 08:27 AM

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QUOTE(guy3288 @ Mar 4 2024, 06:44 PM)
cut off time is 11.59pm
i include all deposits before 11.59pm
is mistake in my calculation
i just tabulated out all credit and debit, no mistake.
i believe mistake is in our calculations

Try tabulate it out  and let us check where is the mistake............
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so old school...paper and pen calculation... geng wo
ronnie
post Mar 7 2024, 11:03 AM

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QUOTE(lovelyuser @ Mar 7 2024, 10:40 AM)
user posted image

I use formula x 4%/366 calculate daily interest with daily end balance

All up all daily interest, Rize give me 1 cents lesser, acceptable for me
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increase to 4 decimal points for the daily interest column.... and you'll see why RIZE give you less 1 sen

This post has been edited by ronnie: Mar 7 2024, 11:04 AM
ronnie
post Mar 7 2024, 12:37 PM

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QUOTE(lovelyuser @ Mar 7 2024, 11:06 AM)
user posted image
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Banks don't round up, they cut off
ronnie
post Mar 7 2024, 12:58 PM

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QUOTE(Optizorb @ Mar 7 2024, 12:51 PM)
nonsense.
they round up when decimal place is 5 and above.
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maybe 0.005 round down
maybe 0.006 round up
ronnie
post Mar 7 2024, 04:21 PM

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QUOTE(virtualgay @ Mar 7 2024, 03:32 PM)
So far so good
No more major issue with missing interest
Promotion ending soon not sure will extend or not
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21 days notice if there's a revised T&C...
ronnie
post Mar 13 2024, 12:10 PM

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QUOTE(Vincent9696 @ Mar 13 2024, 12:01 PM)
Rize apps keep sending notification said offer 4% valid till 31 mar 2024
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that's correct.... but not what we want to know...hahahaha
ronnie
post Mar 13 2024, 12:58 PM

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QUOTE(virtualgay @ Mar 13 2024, 12:48 PM)
I guess after 31st march we all have to move to GX bank

user posted image
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Mine moving to EPF/BTC

So i need to transfer RM4999.00 per day to avoid the 50 sen DuitNow charges ?

This post has been edited by ronnie: Mar 13 2024, 01:00 PM
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