I am thinking of maximizing the total absolute value instead of just looking at the percentage.

So, if I want 0.02 instead of 0.01, I should be looking at 0.015 right (prior to round up)? Each pocket saving should now be (0.015*366)/0.03 = 183 MYR instead of 61 MYR.

Effective rate will be (0.02*366)/183 = 4% p.a., still higher than many other FD and also consider the liquidity... (no penalty for withdrawal)

If I push further, looking at 0.03, then it will be 0.025. Each pocket saving = (0.025*366)/0.03 = 305 MYR

Effective rate will now be (0.03*366)/305 = 3.6% p.a., comparable to many FD out there, but with added liquidity... (no penalty for withdrawal)

Judging from opportunity cost, the 4% "floating deposit" option looks enticing.

This post has been edited by TOS: May 10 2024, 07:48 AM

Funds move back to RIZE

Take Selfie to update the limit
Take Selfie to authorise the transfer
Good to be secure.... even to the same name.

rize berapa?
kdi berapa?

So if the best way to maximize the benefit.. Is 122 each pocket right?

No, he means 61+122 = 183 per pocket, which is what I posted earlier. That gives you 4% p.a. effective interest for the first 183*11 = 2013 MYR that you have.

This post has been edited by TOS: May 10 2024, 08:35 AM

that'll be inferior to Rize already (3.8%)

Yup, so I suggested stick to the 4% (0.02 MYR) option.

also not worth because you only need like RM145 to get 2 cents in rize.

Oh, Rize "round-up" calculation is different from GXBank? Not 0.015 round up to 0.02?

similar. That's why at rize you only need RM145, instead of RM183 at gx.

i think he meant that

• GX needs RM183 for RM0.02
• Rize needs RM145 for RM0.02

This post has been edited by Medufsaid: May 10 2024, 08:43 AM

Ah, I get it now. (0.015*366)/0.038 = 145.

So maximize Rize first then GXBank lah

I personally don't use Rize, sticking to GXBank for now.

for people who have Rize/KDI/Versa, and no plans to use GX. Then best is to just leave RM61 x 11 in GX. and the rest into wherever else.

for people who only have GX, then yea can do 61 + 122 = 183 per pocket to get 2 cents. Or whatever amount that gets rounded up to the next nearest cent.

Agreed!

Actually calculation shows you get the same interest as 0.61 option.

Option 183 : rm2013 to get 0.22 per day.

Option 61 : rm610 get 0.10 and rm1403 get 0.12 total 0.22 per day

Ah it's just how you distribute the money lah. But it's better than the original option 61 where you put only 61*11 = 671. Now we know you can put 61*(10 pockets) + 1403*(1 pocket) = 2013 as a modified version of the "option 61".

if i put RM1,403 in Rize, i get RM0.145 -> (1403 * (0.038/366))

Yes because most important is the 10 pockets. Not really the amount you put in each after hitting min 61.. For gx users is best to do 61 x 10 pockets, rest into main.

Nobody said you can't put more than the 671 (61x11) suggested. Of course you can. But the main goal was to find out the min amount needed to be able to maximize the returns. So anything beyond the minimum you still get the returns like normal as you would lor

This post has been edited by Optizorb: May 10 2024, 09:23 AM

61 x 11 refers to 10 pockets + main account? The main account also eligible for interest?

Can anyone tell me why Astro rejected GXBank card? It says “This card is not supported. Please use another credit card.” If that’s the case, it is really unreliable for daily use.