Haha joking. I don't think the lowest effective rate will be below FD rates. Banks make money by pay less interests on deposits and earn more interests on loans.

The problem with digital banks however, is that they don't have a huge customer base like conventional banks, e.g. RHB, Maybank, CIMB, Public, Hong Leong etc.

Also, they don't offer diversified loans like car loans, housing loans etc. None of the digital banks' loans are collateralized too, so unsecured loan rates should be high....

Should be close to cc interest rate like shopee loan.

Web version of GXBank being considered
https://www.lowyat.net/2024/336872/gxbank-w...-consideration/

I am still waiting for them to increase the number of saving pockets and raise interest rates...

is there any news have new 1 or u simply just hope only

91.50 to get 4% effective.

if you want to put more, then park elsewhere better cause more than 91.50 it's just 2%

mushigen if you deposit RM91.50, you get RM0.005 interest daily. GX will round up to RM0.01 (so 2% becomes 4%).

it only works for RM91.50, don't expect 4% for any other amounts

Ah, I see. This daily interest will be added to the pocket or main wallet? If pocket, means must withdraw to make it back to 91.50?

interest will be added to where the money is deposited. so can be 10 pockets + 1 main account = total 11

to strictly maintain it as 4%, then yes have to withdraw the 1 cent daily.. but i dont do that.. barely make a difference. i only withdraw it at end of the month one shot

What if we keep RM91.30-RM91.40 in each pocket, where daily interest is RM0.0050xx?

If it's rounded up to RM0.01, means have 10 days of buffer before it hits RM91.50?

I am still keeping this card in my wallet and using it to withdraw money from ATM only. Very handy, can withdraw from any ATMs with no MEPS fee (currently still waived by GX)