The One Cent Thief in 2024 

Yes mine charged 23.04.2024

I'm trying to argue now with GX bank because during signup TNC says 6 months rite? Doesn't make sense they terminate early.

ah, i missed the boat. thanks a lot.

i tried downloading the app. it says incompatible with my phone version. not sure if it's cause im overseas now.

Previously I have transferred fund from HLB to GXBank, so they must have been alerted that I have a GX account.

So perhaps you can do the same, by transferring some monies to GX and see if you get the invite, assuming that you already has a saving or current account with HLB.  Yes, current account is entitled too. No harm trying.

Edit to add:

I suspected that HLB knew the GX's 5% promo is ending on 9th May, hence they took the opportunity to offer their 4.5% (higher abit > KDI) on the 10th May to grab the outgoing funds..hence the private invite 

Sharing is caring, just let ppl try la..

Frankly I have not fully transferred out my fund in GX due to transfer limit, nonetheless, like you said, FCFS and I don't mind 
If they don't get the invite, they should know they are not eligible

So perhaps you can do the same, by transferring some monies to GX and see if you get the invite, assuming that you already has a saving or current account with HLB.  Yes, current account is entitled too. No harm trying.

No. I think US$100m+
US$479m - US$374m = US$105m

I just opened up this account and still learning, also just deposited RM188 & RM888 although likely won't get any reward/cashback.

Could you please explain what is this 10 pockets with RM91.25 mean? I just created a pocket and put in some money, so far received only 2% daily interest...

update: just searched and read about last year to create pocket and add RM91.50, although I still don't know where this 4% comes from, I just followed and created 10 pockets with RM91.25 in each pocket.

walao weeeeeiiii... that's awesome! Thanks for enlightening, whoever discovered this & share is just       

😅😅😅 Haha alright, didn't really use math or my brain to think at all 😅😅😅

Btw, for the rewards/badges, does it show the status instead of in progress when we make 1x QR duit now out of 5? It doesn't show any difference even I just made 1 Duit Now QR payment

Rm888 to get rm8 is only 1%.

And need to hold for so long? No one will bother la

The RM3 offer higher % Vs the RM8.

if you utilize the 1 cents daily for 10 pockets + 1 main, total is already 1006.50. so there is no difference in amount needed to save.
Just that have to withdraw all the money first, then make deposit of 888 + 118.50.

You literally get RM8 for free.

Or another way to look at it is, RM8 returns for saving 888 is 10.5% pa rate for 1 month.

and not included the daily 1 cents in each pocket, which is effectively 4% on your RM1006.50 total..

Also, ignoring the 10 pockets in the first place, if deposited on 7/2 till 28/2, then it is "holding" for only 21 days... 21 days get RM8 return for RM888 is around 20% pa rate for 21 days..

If nobody bother then means 1) they are just bad at maths 2) too rich and/or lazy

A lot of people make the mistake of choosing IRR vs NPV. The key reason to choose 888 vs 188 is this: reinvestment opportunity(ies).

Yea, true, 188 indeed offers higher % return vs 888, and we usually quote returns in annualized percentage, hence this issue arises.

Let's breakdown the maths. RM3 return over 188 for 1 month -> annualized simple interest (x12 months): 19.15% p.a.

RM 8 return over 888 for 1 month -> annualized simple interest (x 12 months): 10.81% p.a.

But one should bear in mind this promo is "seasonal", i.e., it's not year-long, it only happened during CNY promo (and maybe another round during Hari Raya? Christmas?)

We never know. But what we know now, is that in one month's time, you get RM 3 out of 188 and Rm 8 out of 888.

It's important to bear in mind that by quoting the returns in annualized term you are implicitly assuming you will get RM 3 for 188 every month till end of February/early March next year, which is clearly not the case.

Think carefully, 19.15 % p.a. and 10.81% p.a. are both ridiculously high interest rates, why would GX Bank give you such rates when they only charge 8.06% p.a. for their personal loan Flexicredit (annualized, effective rate, which is always higher than simple interest rate anyway).

Thus, from a user's point of view, RM 8 in one month vs RM 3 in one month with a promo not certain to continue in the coming months, or at least with some degree of uncertainty, you should maximize net present value (NPV) by choosing the 888 package instead of the 188 package, even though the later offers higher annualized return, which is right from the start, a misleading figure to use for such a short-term, infrequent promo.

Google "NPV vs IRR fallacy". A lot of people make that mistake. Standard business school lectures will cover that: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3090678

Consider we both kiamsiap and calculative. Just sharing with sifu. 

Very good point. I actually overlooked this.

But come to think about this. If we adjust for risk and liquidity, in the immediate next-1-month, you are sure to get an annualized rate of 10.81% p.a. (RM 8 out of 888).

Unless Ramajde minum kopi with some GLIC insiders and know for sure any Bursa stock will surge by more than an annualized rate of 10.81% p.a. in the next one month (or in simple interests, 0.9% per month), then he should rationally place his marginal 700 MYR into that stock.

As far as I am concerned, only GX Bank offers a guaranteed 0.9% in 1 month back in February. No FDs which pays monthly interests match GX's offer for that month.

Maybe the FD kakis can chip in and counterargue if I missed any special offer.