The rate is better than many MMF, and the best thing is protected by PIDM too.

How come? I registered last night, and able to deposit and transfer out the fund already.

Just to ask, what's the point of getting this Rize debit card ya? If I need hard cash, I can transfer money from Rize to my bank and withdraw from there. If I want to buy things, I can use my existing cc. Can someone enlighten me pls 😅

Can share more how the UOB new promo works?

The best we can get is only 4% per annum, and we need to remember to perform so many actions in order to get the higher rate. What makes you say it's better than Rize?

This post has been edited by Super2047: Apr 20 2023, 03:32 PM

If I put in RM200k to UOB one and perform the 2 actions, how much interest I will be getting?

I guess if someone with more than RM100k, the best thing is to park RM100K at UOB, the rest at KDI (after August 31)

Versa 3.95% until june only. back to 3.55% after that...but lose out to KDI in depositing and withdrawal..

Are you guys talking about whether this Rize fund is protected by PIDM?

Bro, your case is a bit weird la. I successfully opened the account the same day, and I also helped my wife to successfully open her account even though it takes slightly few hours more to process hers. Besides, I also call the CS up to double confirm how to get the promo rate and the response was fast and accurate. In fact after using Rize App for some time, i quite like the interface and how fast the app react. To be, I am pretty happy with them except if they end their promo rate after Aug 31

This post has been edited by Super2047: Apr 21 2023, 01:17 PM

I registered as self employed too and no problem may be you bazi not ngam with Rize ...hahahaha

Dare when i see this line

actually it's a savings account, so it's not surprising it's protected under PIDM. It would be otherwise.

Talking about fraud, how does bank verify that those fraudulent transactions are not done by the account holder? And how does the account holder prove that they didn't actually perform those transactions?

Unker bilis really fast hand fast leg in finding risk free investment

Can we save to say that once our account is activated and deposited more than RM20, we will start to enjoy the promo rate without having to get the debit card now?

T&C mentioned that interest will be credited into our account on 1st of every month. So no harm to try it out today since already 26th. Few more days then we will know the answer

Ya, me too noticed that. I got my debit card few days ago and didn't activate it. Saw the interest is like what!

Sorry sorry, i overlooked the saving pot interest! It's so cool seeing that interest

This post has been edited by Super2047: May 1 2023, 11:47 AM

Yes, under transaction history, there are 2 categories:
1. Savings Account
2. Savings Pot

Interest is credited into them separately.

Don't know is there any limit of how much we can put?