Welcome Guest ( Log In | Register )

4 Pages < 1 2 3 4 >Bottom

Outline · [ Standard ] · Linear+

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

views
     
ikanbilis
post Apr 5 2024, 01:14 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(TOS @ Apr 5 2024, 01:12 PM)
Ohhh you are playing with the 0.01 round-up, round-down thing!

Got it bro! You are a genius!

Super calculative like me haha No wonder can't find a girlfriend until now...  laugh.gif
*
At last you get it!

Being an accountant i am more calculative than you! Hahaha
ikanbilis
post Apr 5 2024, 01:21 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(ericlaiys @ Apr 5 2024, 01:16 PM)
so everyday u going to withdraw the remaining extra of balance 4978 out?
must be so free
*
Thats why i put “nitpicking” in my original post.

For calculations sake only


ikanbilis
post Apr 5 2024, 02:30 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(guy3288 @ Apr 5 2024, 01:47 PM)
cannot  be finished la before 10.4.24

imagine someone come put RM5000 starting on Day 1 campaign and GXBank 
unable to pay him that so publicised 5%..

Start on Day 1 , 10.4.2024, first person on first DAY also cannot get 5%?
how to  explain man......
wait bro, 
your calculation defeats its purpose
to earn as much as possible from GXbank.
you  put RM4978 you get 5% on that RM4978 only.

so you only dapat 5% for  RM49780

Others dapat FULL 5% on max RM50000

Why want to  move  that RM220 out  to earn only 3%

when you can make that RM220 also earn 5% to the max?



put that extra RM220 in 10 pockets you got nothing to lose
hopefully can earn abit more..

worse come to worst still can earn same 3%
that you had planned so hard in main account
*
Huh? Thought i explained quite earlier… hmm.gif

Assuming we have 50k each, you put 5k each into 10 pockets.

Your interest is not 0.683 per pocket. Gx will round down yr interest to 0.68 per day. Therefore 0.68 x 10 pockets x 30 days = rm204 (this part do you agree?)

I put 4978 for 10 pockets. My interest also 0.68 x 10 pockets x 30 days = rm204

I still have extra 220 if put main account will earn 3%.


ikanbilis
post Apr 5 2024, 02:51 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(guy3288 @ Apr 5 2024, 02:43 PM)
if yes, then we go play GXbank back  side

we just put RM4950 in each pocket

total cost RM49500, 

earn  5% for  RM50000 capital!
*
I think you might nail it!

I think it will round up to 0.68 also based on TnC.

This post has been edited by ikanbilis: Apr 5 2024, 02:53 PM
ikanbilis
post Apr 5 2024, 02:55 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(soonwai @ Apr 5 2024, 02:52 PM)
Sure or not? Will round up? Or round down?
*
I refer back to my previous interest and it rounded up.

At one point i have 19k in pocket and calculation should be 1.5573.

I got 1.56 interest that day.

This post has been edited by ikanbilis: Apr 5 2024, 03:00 PM
ikanbilis
post Apr 5 2024, 03:46 PM

Trusted member since 2003
*******
Senior Member
2,541 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
ikanbilis
post Apr 5 2024, 04:04 PM

Trusted member since 2003
*******
Senior Member
2,541 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
ikanbilis
post Apr 5 2024, 04:16 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(!@#$%^ @ Apr 5 2024, 04:08 PM)
what if u take the extra 590 elsewhere that gives higher than 3%?
*
I am comparing by using gx bank only. Of course you could put it elsewhere like Rize 3.8% or KDI 4%
ikanbilis
post Apr 5 2024, 05:52 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(virtualgay @ Apr 5 2024, 05:34 PM)
Remaining move back to Rize 3.8% la
Capital is just 49410 base on the calculation
*
I have closed my Rize account since Feb.

Nowadays just keeping my 6 month expenses in Gxbank
ikanbilis
post Apr 5 2024, 06:34 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(guy3288 @ Apr 5 2024, 06:03 PM)
so every one agreed better dont put  max RM5000 in 1 pocket??

got RM50k capital , better just deposit RM4941 in each pocket
another RM590 put in main account
?
But did you guys see what Ronnie has shown in his table there?

It says No, you guys are wrong

He showed do your RM4941 methods, at the end you get only RM50204.35
and simply dump all RM5000 in each pocket,
you get more at the end = RM50205.20



Any one wanna challenge Ronnie's misguiding calculation?
*
Lazy to argue. Simple logic. Max you can earn per pocket is 68sen or 6.80 per day.

You put 50k you will get rm204

I put 49410 i will also get rm204

Your 50k in 10 pockets cannot earn more than my 49410 pockets.

I can put the remaining 590 somewhere else to earn extra.
ikanbilis
post Apr 5 2024, 11:23 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(ronnie @ Apr 5 2024, 10:27 PM)
Found the mistake in my earlier table

Here's the corrected one. Hopefully Optizorb approves

user posted image
*
Your 13 April is missing. The difference should be RM1.50 at the end.
ikanbilis
post Apr 5 2024, 11:45 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(ronnie @ Apr 5 2024, 11:40 PM)
Updated.

Seem using RM4941 as saving pocket yields RM8.50 for 30-day promo vs RM5000 per pocket

user posted image
*
Ok u rectified to rm1.50

This post has been edited by ikanbilis: Apr 5 2024, 11:46 PM
ikanbilis
post Apr 6 2024, 12:01 AM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(soonwai @ Apr 5 2024, 11:41 PM)
This nothing to do with 5% campaign. Just for normal 3%.
RM671 in main yields 6 sen.
RM61 each in main and 10 pockets yields 11 sen total.
Assuming RM0.005 will round up to RM0.01.

Inspired by Optizorb's post.
*
If i am not mistaken from the TnC if your daily interest is less than 0.01, it will be zero-rized. Therefore the 10 pockets of rm61 will earn nothing.
ikanbilis
post Apr 6 2024, 11:31 AM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(Optizorb @ Apr 6 2024, 12:10 AM)
cause for rm61 @ 3% = 0.005

if follow their TNC "the second decimal point will be rounded up to the nearest number if the third decimal point is 5 or above. Otherwise, it will be rounded down"
then technically should get 0.01 ma  tongue.gif 

so what he said makes sense, if you utilize main + 10 pockets = technically getting 11 cents, whereas if you just put in main or 1 pocket get 6 cents only.
so additional 5 cents appear out from thin air.

Unless they apply condition that the second decimal point needs to start with at minimum 0.01 for everything else to take effect..
Well if really wanna test this theory can just go create 1 pocket right now with rm61 and see tmr get 1 cent or get nothing laugh.gif  laugh.gif

*
Attached Image

I still think any interest of less than 0.01 will not earn interest based on the TnC above.

Anyway i am creating a pocket now with rm61 to confirm this.

ikanbilis
post Apr 6 2024, 11:35 AM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(fruitie @ Apr 6 2024, 11:28 AM)
Nobody tried so far? So everyone just follows by using PIN for the first transaction? I’m surprised.
*
I read someone complain first time using contactless was rejected.. Another forummer replied must use pin for the first time.
ikanbilis
post Apr 11 2024, 11:43 AM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
In sg they despise having 6.8% for 30 days. But in msia 5% for 30 days is hot topic. LOL

Attached Image








ikanbilis
post May 3 2024, 11:40 AM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(virtualgay @ May 3 2024, 11:35 AM)
ok faham - will withdraw all my 10 pockets on the 10th but will leave like RM5x.00 inside to earn 0.01 cent interest
cant remember the golden number for 3% interest where it will round up to 0.01
*
6101
ikanbilis
post May 3 2024, 02:09 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(Ramjade @ May 3 2024, 01:52 PM)
Thank you. Will leave RM61 inside there.
*
To be safe put rm61.01 there
ikanbilis
post May 8 2024, 12:13 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(Ramjade @ May 8 2024, 09:34 AM)
Yup. Then mass withdrawal. Will see how gxbank deal with mass withdrawal. 😁
*
I will withdraw tomorrow to beat the crowd tongue.gif


ikanbilis
post May 9 2024, 01:26 PM

Trusted member since 2003
*******
Senior Member
2,541 posts

Joined: Jan 2003
QUOTE(poco loco @ May 9 2024, 01:25 PM)
so tonite midnight still get the final 5% ka?
*
Yes

4 Pages < 1 2 3 4 >Top
 

Change to:
| Lo-Fi Version
0.0244sec    0.40    7 queries    GZIP Disabled
Time is now: 1st December 2025 - 10:12 AM