hmm could it be weekend higher rate? that's 0.9% higher but offset with 1% cashback

aiyor, reverse calculate lah


gxbank gives 5% p.a. for up to RM5,000, right?

that generates RM0.68 per day (0.27 + 0.41)


now, you reverse calculate 0.68, you actually need about 4942 deposit. this is because of calculation rounding before gxbank credit 0.27+0.41 into your pocket acct.

so, the excess of 58 (5000-4942) per pocket or total 580 (58 x 10 pockets) can be utilized elsewhere to generate more interest eg KDI or Versa or Rize or other places.

it depend...i tested few days at thailand...out of 5 day, only 1 day is higher. so it is subjective.
anyway, get back 1% cashback. happy to use gxbank when go oversea

Yes, Rm5k will have higher interest than RM4941. Same interest as RM4941.01.

Why, you might ask. GXBank answers "Our system uses a specific algorithm for this calculation, which might result in a slight difference (e.g., RM 0.01) compared to the figure generated by a regular calculator."


If got extra money, put in 5015.03 5014.23 into 3 pockets, that'll get you RM0.70 or extra 2 sen daily.

This post has been edited by soonwai: Apr 20 2024, 01:57 PM

wow you guys really good thinking out of box

Max is 68 cents la. More than that you will be earning 3%

Correct. Even more correct is: Max is 68 sen per pocket lah.

Note: I'm using a regular calculator app, which might result in a slight difference (e.g., RM 0.01) compared to the figure generated by a specific algorithm for this calculation.

This post has been edited by soonwai: Apr 20 2024, 01:51 PM

You can get more than 68 cents for each pocket, just that the Raya interest is capped at 27 cents

Also correct. Don't misunderstand. I'm not saying that you're wrong. I'm just saying for RM5015.03, I get 70 sen daily interest. If got extra pockets, I'll take a screenshot later.

Actually RM5015.03 is wrong. Later I post correct figure.

My Rize bank pocket cannot delete cannot edit how? sorry ask here. Can’t post in Rize thread

Call rize support?

TS ikanbilis or Admin lowyat forum cherroy Locked Rize thread

🙏

Yes I’m getting 69 cents coz I just randomly put rm5100 in there

of course you would. just that above 5k is 3% only

for 5100:

if you put 4941.01 in gx and 158 in rize. you will get 0.68 + 0.02 = 0.70

If you put RM5014.23 into 3 pockets actually can get 70 sens. 68+1+1

This post has been edited by soonwai: Apr 20 2024, 07:51 PM

how ah. i dont understand how you able to get the 2 cents.
you mean in the other 2 pocket is 73.22/2 = 36.61/pocket right?

if you take 5% straightaway then yes, can get 0.005 = 0.01

but that's not how they calculate right...?
they calculate it as normal interest (3%)+ raya interest (5%-3%=2%)

so on the 3% normal pocket wont have any payout. and i think it will affect the raya pocket too. hence would be 0.00 payout for both normal interest+raya interest

unless you tried it already lol

This post has been edited by Optizorb: Apr 20 2024, 08:38 PM

what happen there ?

Just got info...
Too much off topic discussion...

If anyone interested...
Open new fresh Rize topic 🙏

whoever open sure got off topic.... it's all related. heard about six degrees of separation
It's all connected somehow.

TQ to all T100s. RM1B exceeded.

This post has been edited by soonwai: Apr 22 2024, 10:18 AM