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

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Optizorb
post May 10 2024, 08:52 AM

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QUOTE(TOS @ May 10 2024, 08:46 AM)
Ah, I get it now. (0.015*366)/0.038 = 145.

So maximize Rize first then GXBank lah laugh.gif

I personally don't use Rize, sticking to GXBank for now.
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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.
Optizorb
post May 10 2024, 09:14 AM

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QUOTE(TOS @ May 10 2024, 09:04 AM)
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".ย  tongue.gif
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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
Optizorb
post May 10 2024, 09:51 AM

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QUOTE(poooky @ May 10 2024, 09:26 AM)
61 x 11 refers to 10 pockets + main account? The main account also eligible for interest?
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yes and yes
Optizorb
post May 28 2024, 01:24 PM

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QUOTE(Medufsaid @ May 28 2024, 09:31 AM)
000022 Rize credited month end only. very hard to test aka a leap of faith
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what is there to test with rize. cut-off is at 11.59pm end of day balance..
Optizorb
post Jun 13 2024, 06:01 PM

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QUOTE(iqlas @ Jun 13 2024, 05:53 PM)
If we have let say rm20 in the main account. While in the โ€œsaving pocketโ€ we have rm2000. If we pay something price at rm50, will it auto take from the saving pocket as well?

Just checking coz in the event of scam, it may deduct huge amount or something
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no.
Optizorb
post Jul 13 2024, 06:28 PM

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QUOTE(gempakstarz @ Jul 13 2024, 06:02 PM)
haha coz i saw here got active ppl replied..so other instument not good enough?
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no.

rize 3.8% and aeon 3.88% is higher.

if you want cashback, then aeon got 1.5% cashback (but has more limitations than gx's 1%)
Optizorb
post Jul 15 2024, 07:50 PM

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QUOTE(LDP @ Jul 15 2024, 07:30 PM)
How do I opem multiple Grab accounts ? Any ideas ?
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have multiple ICs
Optizorb
post Jul 31 2024, 01:37 PM

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QUOTE(Sunshape @ Jul 31 2024, 01:32 PM)
Current FD rate offered by most of the bank is just 2.55%

Will you still place FD in banks or with GX which has 3%?
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what kok you talking..

obviously you go for bank's promotional rates and not the board rate..
Optizorb
post Jul 31 2024, 01:56 PM

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QUOTE(Sunshape @ Jul 31 2024, 01:39 PM)
I referred to board rate, not promotional rate.
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Genius! laugh.gif
Optizorb
post Sep 4 2024, 07:45 PM

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that day people pokpekpokpek on rize/aeon for the downtime and sing high praises for GX

today GX turn to shit the bed biggrin.gif

This post has been edited by Optizorb: Sep 4 2024, 07:46 PM
Optizorb
post Sep 7 2024, 05:40 PM

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QUOTE(jiangchen @ Sep 7 2024, 05:12 PM)
This abuse has not been discovered?

They can easily identify who is abusing this method no?
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its not an abuse.

Optizorb
post Sep 8 2024, 12:47 AM

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QUOTE(TOS @ Sep 8 2024, 12:11 AM)
Hmm that article says 60.84 can already earn 0.01 MYR interest per day (per saving pocket/main account).

How come not RM 61?

Sifus can chip in and explain? hmm.gif
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2023 - 365 days
2024 - 366 days
Optizorb
post Oct 2 2024, 12:11 AM

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QUOTE(TOS @ Oct 2 2024, 12:07 AM)
0.01 * 11 MYR interests credited successfully, confirming the magic number for a 4% p.a. effective rate.
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i withdrew all my GX pockets on few accounts and moved it over to Boost already.


Optizorb
post Oct 2 2024, 12:18 AM

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QUOTE(TOS @ Oct 2 2024, 12:15 AM)
You are very confident on the daily interest thingie yea tongue.gif

I keep GX Bank as a spare account, after all 4% isn't too bad, considering its stability versus all other digital banks.

The opaque communications from BoostBank is scary to me, and pushing out 5% birthday jar without T&C ready and auto-lock money sounds ridiculous. At least GX lets users know weeks before they cut rates... all other banks wait till last minute.
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actually idk, i literally just downloaded and created my boost bank acc 30 mins ago..

im still exploring.. but i saw most of the talk is regarding the daily interest..

Optizorb
post Nov 5 2024, 10:17 PM

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QUOTE(zoixc @ Nov 5 2024, 09:57 PM)
how much is the minimum amount should put into each pockets ?
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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%
Optizorb
post Nov 9 2024, 10:58 AM

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QUOTE(mushigen @ Nov 9 2024, 09:23 AM)
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?
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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
Optizorb
post Nov 9 2024, 11:17 AM

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QUOTE(mushigen @ Nov 9 2024, 11:07 AM)
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?
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if can keep anything lower then people would be doing that instead of 91.50 right..

so 91.50 memang the min needed to earn daily interest.. anything lower wont get any interest

anyway if want to play daily interest, right now boost bank is the best for it

This post has been edited by Optizorb: Nov 9 2024, 11:18 AM
Optizorb
post Jan 2 2025, 01:32 AM

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QUOTE(ASoulNamedLeo @ Jan 2 2025, 12:35 AM)
Anyone checking whether 91.25 got interest 0.01 credited in?
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get
Optizorb
post Jan 27 2025, 03:36 PM

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anyway just wondering if we deposited 888 into gx.. then if wanna use gx card, so deposit in more money after and then just make sure the balance dont go below 888, like that ok right?

Or can't touch it at all and balance inside gx must maintain as 888

This post has been edited by Optizorb: Jan 27 2025, 03:41 PM
Optizorb
post Jan 29 2025, 11:14 AM

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get the badge doesn't mean will 'win' lah.. its just to show you fulfilled the requirements.

you deposit on 14th feb also will still get the badge..

but that said, since 20k quota i believe all who deposit on 1st day should be able to get

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