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.

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

another account without any transaction , the amount is correct

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...

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............

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............

so old school...paper and pen calculation... geng wo

i have been tabulated using same excel file since i open Rize acc till now.. no issue for the past months... just only Feb24 out... maybe i need to wait for statement to check again as the in app txn history is confusing...

If I remember right, there used to be a fees for withdrawal of more than 5K from Rize.  Is this still the case?  Please advise.

As of my recent transfer out, I don't see any fees at all being charged.

If I remember right, there used to be a fees for withdrawal of more than 5K from Rize.  Is this still the case?  Please advise.

Wahhh...

iOS 15 & above or Android 11 or above huh...

Time to buy New phone 😁

Phone manufacturer increase sales after June 24

I would rather wait and hold, see if the interest offer still attractive after 1st April

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............

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

increase to 4 decimal points for the daily interest column.... and you'll see why RIZE give you less 1 sen

As of my recent transfer out, I don't see any fees at all being charged.

I see the msg will be charge, but I look at the transaction history seems like no charge. Is it because they will charge later? Usually I try withdraw <5K, but the past few days the amount too huge that it requires multiple times to do so.

Banks don't round up, they cut off

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

nonsense.
they round up when decimal place is 5 and above.