Board rates are coming in soon 🤦‍♀️ expect 3 to 3.5%

You just wait 🤦‍♀️ no way they can afford to extend further with cash burn

Better spend the money hire in house development team instead 🤦‍♀️ rather than now wait for outsourcing fix which takes time 🤦‍♀️

Unlikely to go higher already 🤦‍♀️ unless they still got cash to burn

Rize is not digital bank in the 1st place 🤦‍♀️ it is only piggybacking on Al Rajhi banking license 🤦‍♀️ hence the word powered by

They got big cable inside 🤦‍♀️ also you need to update as Moneylion already exited while GX Bank doesn’t have Singtel involvement because of BNM licensing rules 🤦‍♀️

https://www.techinasia.com/aeon-to-proceed-...-moneylion-exit

This post has been edited by xander2k8: Dec 9 2023, 03:00 PM

On IOS or Android this time

3.25 easily they can stomach in 🤦‍♀️ but 3.5% it is different story but it should be the high end of it

Btw GX is offering OPR rates 🤦‍♀️ at 3% not 3.5%

This post has been edited by xander2k8: Dec 10 2023, 01:25 PM

GX is offering OPR rates at 3% so when it is compounded it would be around 3.05% with rounding factored in

What excitement do you want 🤦‍♀️ from savings account

If you want excitement go ahead put your money in crypto instead

It is close to 3.05% after 1 year include daily compound

If you want exciting 🤦‍♀️ go blame BNM for not raising rates or you can put your money in exciting Türkiye or Argentina where interest rates are double digits percentage 🤦‍♀️

Currency circulation is higher 🤦‍♀️ due to lower OPR because the biggest borrower is the govt and you need to print more because more lending incurs

If higher rates then less currency is printed hence less borrowing 🤦‍♀️

Malaysia currency drop because the fundamentals is not strong enough to sustain more lending at lower rates and the value of goods goes up because 70% traded goods are in USD 🤦‍♀️ which costs imported inflation

Look at SG at the current rates inflation is controlled with the exception of housing prices due to high demand and lower supply

Remember when Malaysia starting opening up late 2021 that’s where negative real rates started when inflation rate is higher than interest rate

Currently it is still negative real rates when comparing with inflation and food inflation rate hence why OPR is on the back foot for so long 🤦‍♀️

3 months extension only 🤦‍♀️ and no further after that

In fact they can pay the extension as the outflow should be more than in flow hence they can afford due to smaller DUM

In fact 4 with BoostRHB should be up next

GXBank debit card 🤦‍♀️ already said before CNY if you read properly

They are currently now transplanting GXS architecture to GX now 🤦‍♀️ just wait for the next app update

This post has been edited by xander2k8: Dec 14 2023, 04:00 PM

15 minutes of fame only 🤦‍♀️ after that will old story

Cause they have largest ATM networks and you can access your money easily provided that their network is online

Wait till ETF coming soon and use case goes bigger 🤦‍♀️ by then you are already missed out on the gains

[quote=hedfi,Dec 19 2023, 07:37 AM]
[quote=xander2k8,Dec 17 2023, 05:27 PM]

Cause they have largest ATM networks and you can access your money easily provided that their network is online

When was the last you used an ATM and we have MEPS. HLB has larger branch network too🤦

[/quote]
Still not as large as CIMB and RHB 🤦‍♀️ as they do not have ATMs in petrol stations and convenience stores

I seldom use ATMs as I do my banking through counter and have cash at all times

Wouldn’t trust EWallet as well 🤦‍♀️ only cash in when need to use and reload for cashbacks only

You can go cashless all you want and when the network goes you will be in trouble not having backups

Just like what happened if you put all your money in Rize and it goes down 🤦‍♀️

Don’t forget the counter now is even more efficient as less ppl using the service making it as efficient as ever

Only if Rize 🤦‍♀️ is able to be as efficient in acknowledging and resolving problems in order to minimise downtimes

Parking is not issue if you know how and where to bank 🤦‍♀️

Those 2 Tiger and Sotong forget about it 🤦‍♀️ long time already I blacklisted

Won’t GG 🤦‍♀️ if you know how to allocate and store cash with many channels

Not with PBB and not using priority banking 🤦‍♀️ is how and where you build relationship with the branch manager and staffs so minimal wait

Bad customer service 🤦‍♀️ what else

BNM won’t cut 🤦‍♀️ as 3% is the range itself 🤦‍♀️ inflation is still in their control band and the lag effect as BNM will slow to react by 3 months as proven during COVID cuts

If recession happens govt will force stimulus through GLC like EPF and PNB as they are flush with cash to stimulate the economy

BNM already have no room to manoeuvre because of RM value hence they still pat and hope RM will appreciate to 4.2 to 4.3 this year and hope inflation will go down further particularly imported inflation

This post has been edited by xander2k8: Jan 2 2024, 06:28 PM