Welcome Guest ( Log In | Register )

247 Pages « < 106 107 108 109 110 > » Bottom

Outline · [ Standard ] · Linear+

Banking GXBank - First Malaysian Digital Bank (by Grab), UNLIMITED 1% cashback+3% p.a. interest!

views
     
anakMY
post Apr 5 2024, 03:01 PM

Regular
******
Senior Member
1,450 posts

Joined: Jul 2012
QUOTE(poweredbydiscuz @ Apr 5 2024, 03:00 PM)
You guys take "every cent counts" to a whole new level.
*
These rich fellas dam calculative, until every 3rd or 4th decimal cents they wanna count 🤣
ronnie
post Apr 5 2024, 03:03 PM

Not enough stars
*********
All Stars
21,332 posts

Joined: Jan 2003
From: Kuala Lumpur



would the payout be in one line item or 2 line items ?

1. Base Interest 3%
2. Bonus Interest 2%
soonwai
post Apr 5 2024, 03:08 PM


********
All Stars
11,460 posts

Joined: Oct 2007
From: KL


QUOTE(ronnie @ Apr 5 2024, 02:57 PM)
Interesting why they want to count this way for the bonus portion
*
If round (not round up nor round down) everywhere then RM4941 is enough. Please verify. inb4, not Excel.
user posted image

QUOTE(ronnie @ Apr 5 2024, 03:03 PM)
would the payout be in one line item or 2 line items ?

1. Base Interest 3%
2. Bonus Interest 2%
*
I believe 2.

This post has been edited by soonwai: Apr 5 2024, 03:14 PM
cybpsych
post Apr 5 2024, 03:11 PM

---------------------
*********
All Stars
65,371 posts

Joined: Jan 2003
QUOTE(poweredbydiscuz @ Apr 5 2024, 03:00 PM)
You guys take "every cent counts" to a whole new level.
*
haha already known from the 1% gxcard cb calculation, they will round-down, so we are still losing, in some "sens" (pun intended) laugh.gif
!@#$%^
post Apr 5 2024, 03:13 PM

Safe Trader
********
All Stars
17,519 posts

Joined: Feb 2006
From: KL
so put in 4941 in each pocket for maximum?
ye0073
post Apr 5 2024, 03:24 PM

Casual
***
Junior Member
480 posts

Joined: Sep 2004
QUOTE(ronnie @ Apr 5 2024, 03:03 PM)
would the payout be in one line item or 2 line items ?

1. Base Interest 3%
2. Bonus Interest 2%
*
2 lines.
QUOTE
The Base Interest and Bonus Interest earned by an Eligible Customer will be
credited in two (2) postings to each Savings Pocket, in particular as “Interest earned” (i.e. Base
Interest) and “Raya Interest earned” (i.e. Bonus Interest) as illustrated in Table 1 below.

Davidtcf
post Apr 5 2024, 03:31 PM

To the moon!!
*******
Senior Member
3,520 posts

Joined: Jan 2003


wondering how does GXbank make money to pay users all that interests?

https://soyacincau.com/2023/11/14/gxbank-gr...less-right-now/

They don't seem to borrow loan to users, debit card giving away 1%, so where the income for GXbank comes from? burning money from Grab to get users to sign up?
Medufsaid
post Apr 5 2024, 03:33 PM

Look at all my stars!!
*******
Senior Member
3,501 posts

Joined: Jan 2003
Davidtcf it's called blitzscaling. burn cash to get market share

made popular by Uber...

user posted image

This post has been edited by Medufsaid: Apr 5 2024, 03:38 PM
Optizorb
post Apr 5 2024, 03:35 PM

Regular
******
Senior Member
1,270 posts

Joined: Sep 2021
question:

does gx round up to 0.01 at 0.005 or 0.006
Ramjade
post Apr 5 2024, 03:36 PM

20k VIP Club
*********
All Stars
24,433 posts

Joined: Feb 2011



QUOTE(Davidtcf @ Apr 5 2024, 03:31 PM)
wondering how does GXbank make money to pay users all that interests?

https://soyacincau.com/2023/11/14/gxbank-gr...less-right-now/

They don't seem to borrow loan to users, debit card giving away 1%, so where the income for GXbank comes from? burning money from Grab to get users to sign up?
*
Later. Grab you in first then start charging fees, give personal loan.

ronnie
post Apr 5 2024, 03:45 PM

Not enough stars
*********
All Stars
21,332 posts

Joined: Jan 2003
From: Kuala Lumpur



QUOTE(Ramjade @ Apr 5 2024, 03:36 PM)
Later. Grab you in first then start charging fees, give personal loan.
*
by then the smart ones will move to the next digital bank
nexona88
post Apr 5 2024, 03:45 PM

The Royal Club Member
*********
All Stars
48,589 posts

Joined: Sep 2014
From: REality
QUOTE(Medufsaid @ Apr 5 2024, 03:33 PM)
Davidtcf it's called blitzscaling. burn cash to get market share

made popular by Uber...

user posted image
*
Same tactics used by Rize too...

But they do 2 in 1...

Capture market shares & feeder for deep pockets individual... To offer full banking services by parent Al-Rajhi bank...

In this case ... Feeder to GRAB 🔥
ikanbilis
post Apr 5 2024, 03:46 PM

Trusted member since 2003
*******
Senior Member
2,544 posts

Joined: Jan 2003
QUOTE(Optizorb @ Apr 5 2024, 03:35 PM)
question:

does gx round up to 0.01 at 0.005 or 0.006
*
I think 0.005.

Again i check my previous pocket balance 18k got interest 1.48 whilst calculated 1.4754
soonwai
post Apr 5 2024, 03:51 PM


********
All Stars
11,460 posts

Joined: Oct 2007
From: KL


QUOTE(!@#$%^ @ Apr 5 2024, 03:13 PM)
so put in 4941 in each pocket for maximum?
*
I think so. Waiting for peer review.
Optizorb
post Apr 5 2024, 03:52 PM

Regular
******
Senior Member
1,270 posts

Joined: Sep 2021
QUOTE(ikanbilis @ Apr 5 2024, 03:46 PM)
I think 0.005.

Again i check my previous pocket balance 18k got interest 1.48 whilst calculated 1.4754
*
if that's the case, then 4941 is the exact precise number needed for each pocket then

4941 x 3% /366 = 0.405 = 0.41
4941 x 2% /366 = 0.27

total = 0.68
ronnie
post Apr 5 2024, 03:54 PM

Not enough stars
*********
All Stars
21,332 posts

Joined: Jan 2003
From: Kuala Lumpur



Deleted...
New table ..thanks to Optizorb for checking

user posted image

This post has been edited by ronnie: Apr 5 2024, 11:45 PM
Davidtcf
post Apr 5 2024, 03:55 PM

To the moon!!
*******
Senior Member
3,520 posts

Joined: Jan 2003


QUOTE(Ramjade @ Apr 5 2024, 03:36 PM)
Later. Grab you in first then start charging fees, give personal loan.
*
true.. like UOB credit card, give nice cash back but keep spam me with loan calls every week. icon_question.gif

hope Grab don't spam so much later.. just put in their website good enough.

This post has been edited by Davidtcf: Apr 5 2024, 03:55 PM
[Ancient]-XinG-
post Apr 5 2024, 04:01 PM

20k VIP club
*******
Senior Member
5,752 posts

Joined: Jan 2012
when start ?

i dint see anything in my apps also
leanman
post Apr 5 2024, 04:03 PM

Da LYN Man
*******
Senior Member
2,257 posts

Joined: Aug 2005


QUOTE(Davidtcf @ Apr 5 2024, 03:55 PM)
true.. like UOB credit card, give nice cash back but keep spam me with loan calls every week.  icon_question.gif

hope Grab don't spam so much later.. just put in their website good enough.
*
Unlucky of you, this is my 2nd year wanted to cancel OUB card, was given the CB for SST and last year additional RM100 for 2 cards if i spent XX amount. UOB is the least spam calls i received.

oops out of topic.
ikanbilis
post Apr 5 2024, 04:04 PM

Trusted member since 2003
*******
Senior Member
2,544 posts

Joined: Jan 2003
QUOTE(ronnie @ Apr 5 2024, 03:54 PM)
the effort of 4941 vs 5000 per savings pocket is lower 85 sen less on the 4941 effort

user posted image
*
Assuming 50k capital

4941 x 10 pockets = rm49410

Remaining rm590 put in main account = 590 x 3% / 366 days = 0.05 per day (round up)

Extra 30 days x 0.05 = rm1.50

247 Pages « < 106 107 108 109 110 > » Top
 

Change to:
| Lo-Fi Version
0.0238sec    0.74    6 queries    GZIP Disabled
Time is now: 24th December 2025 - 12:05 PM