aeon public out is may. no threat. boost bank will be even longer

i used 366 for calculation,
alot of ins and outs, still not bad..
2 short 32 sen, 98 sen
2 accounts extra RM10.93, RM6.97



trouble makers ? they are the saviours they said.



FD 4.15% also i still use Rize 4%

mine a lot of in and out transactions also ngam for all 3 accounts

good job rize. now time to announce good news for us in the next 2~3 weeks.

wah your method perfect

i do like this.

1) deposit before 11.59 pm, same day got interest
2) withdraw X and deposit Y before 12 midnight, kira interest for Y-X same day
2)WIthdraw RN50k 2.00am, deposit back RM50k same day 10pm, no interest on that day
any special thing to share?

mine normal business transactions only.

i thought of doing what you said above to double dip from 2 places , but then decided not to.
dont want kena banhammer on my account in either 1 of the place if they deem it to be "fraudulent transactions"

This post has been edited by Optizorb: Mar 1 2024, 06:49 PM

june onwards need android 11 and above to use rize app - got sms earlier...

This post has been edited by CyberKewl: Mar 1 2024, 07:50 PM

yup.
imagine if become 1.x% board rate without promo.
don't think u will stay with Rize

This post has been edited by sjz: Mar 1 2024, 08:14 PM

if after March 2024, and offer % higher than GXBank, RIZE will win "my cash"

actually mine also normal transactions...
i was thinking why my calculation not correct...
if really Rize overpay interest like that,, not sustainable man.

3,5% also i will lari, go for KDI EIR 4%

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.

How much of a % difference from your own calculation.
I guess people just don't really care and trust them with the 4% p.a interest.

the interest doesn't compound every day..

End of day 11.59pm balance x 4% /366 = your daily interest you get (which will only be totaled at the end of the month)

monthly interest = sum of all the daily interest calculations
give or take 10~20 cents difference due to rounding differences

example: if you have 5k inside rize and never touch the money:

Day 1 EODB = 5k x 4% /366 = 0.55 cents (actually it is 0.54644808743)
Day 29 EODB = 5k x 4% /366 = 0.55 cents (actually it is 0.54644808743)

own calculation = 29 days x 0.55 cents = 15.95 interest
actual calculation = 29 days x 0.54644808743 cents = 15.8469945355 = received 15.85 from rize

This post has been edited by Optizorb: Mar 2 2024, 01:21 PM

i calculated using ur formula , still got extra about 7% amount

another account without any transaction , the amount is correct

This post has been edited by Vincent9696: Mar 2 2024, 05:50 PM

My account got quite a bit of in and out, so I use a script to calculate MAB. Script output the value, I multiply with 0.04 and 29/366, got within 4 cents of actually deposited amount. So close enough for me.

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

Another tip use more than 2 decimal places

lowest day end? what that?

means if day start lower than day end, day start amount will be used ro calculate huh?

sorry updated...
my mistake.

You experimented above? How do you know your 50K interest is for when?

my feb interest also less than my calculation about RM3, i am using 29 days n 366 days too...