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

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ronnie
post Apr 5 2024, 03:54 PM

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Deleted...
New table ..thanks to Optizorb for checking

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This post has been edited by ronnie: Apr 5 2024, 11:45 PM
ronnie
post Apr 5 2024, 04:23 PM

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QUOTE(Optizorb @ Apr 5 2024, 04:05 PM)
only valid if you only have 1 pocket.

if you have more than 1 pocket, each pocket saving 59.

assuming 10 pockets, that's 590.

590 x 3% /366 = 0.048 = 0.05 x 30 days = 1.50 extra (simple calculation, actual should be marginally more due to daily compounding?)

or better yet, keep the extra in rize

590 x 3.8% /366 = 0.06 x 30 days = 1.80 extra
*
the last few rows are the combination of 10 Saving Pockets

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This post has been edited by ronnie: Apr 5 2024, 04:24 PM
ronnie
post Apr 5 2024, 04:27 PM

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QUOTE(Optizorb @ Apr 5 2024, 04:25 PM)
how can 4941 each pocket x 10 equals to 50k capital?  doh.gif
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RM4941 x 10 Saving Pocket + RM590 = RM50,000

This post has been edited by ronnie: Apr 5 2024, 04:28 PM
ronnie
post Apr 5 2024, 04:41 PM

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QUOTE(Optizorb @ Apr 5 2024, 04:29 PM)
the 590 extra if you not doing anything with it then sure la will have less amount

what were you expecting? for calculative people to just let the 590 be?

590 you can put in gx main pocket, get 1.50 after 30 days.

590 you can put in rize, get 1.80 after 30 days.
*
Did you even count what i wrote.... do i have to spoon feed the calculation ?
RM591.45 includes 30-day base 3% in Main account of GX

RM4961.29 x 10 = RM49612.90 + RM591.45 = RM50204.35

This post has been edited by ronnie: Apr 5 2024, 04:42 PM
ronnie
post Apr 5 2024, 10:27 PM

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Found the mistake in my earlier table

Here's the corrected one. Hopefully Optizorb approves

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This post has been edited by ronnie: Apr 5 2024, 11:45 PM
ronnie
post Apr 5 2024, 10:28 PM

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QUOTE(virtualgay @ Apr 5 2024, 10:10 PM)
Yeah moving my money over on the 10th...
Janji rize don't block the money to GX bank la
They always like to block
*
Better move from Monday onwards
ronnie
post Apr 5 2024, 11:40 PM

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QUOTE(ikanbilis @ Apr 5 2024, 11:23 PM)
Your 13 April is missing. The difference should be RM1.50 at the end.
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Updated.

Seem using RM4941 as saving pocket yields RM1.50 for 30-day promo vs RM5000 per pocket

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This post has been edited by ronnie: Apr 5 2024, 11:44 PM
ronnie
post Apr 5 2024, 11:46 PM

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QUOTE(ikanbilis @ Apr 5 2024, 11:45 PM)
Ok u rectified to rm1.50
*
Yes...fixed it....
all good now.
ronnie
post Apr 5 2024, 11:47 PM

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i guess GXBank already calculate like us and shows that RM1.50 is only a nasi lemak earn in 30-day
ronnie
post Apr 6 2024, 07:38 PM

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QUOTE(BWassup @ Apr 6 2024, 07:01 PM)
GXbank pays interest daily, or calculated daily but paid monthly at month end?
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interest calculated daily and paid daily like GO+
ronnie
post Apr 8 2024, 10:30 AM

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QUOTE(Lancer07 @ Apr 8 2024, 09:54 AM)
user posted image

After holding the payment almost 30 days, the transaction cancelled and not reflected in march statement.

Not sure what happened, it was fine by using the card few times at same outlet before.
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maybe the merchant could not reconcile and voided the transaction
ronnie
post Apr 8 2024, 01:47 PM

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QUOTE(ycktech @ Apr 8 2024, 01:32 PM)
By the way,
It say limit RM1B only.
Then how do we know in advance we get the promo rate or not?
Or wait till end of promo time say we dun get then jialat.
*
hopefully... they dont have RM1 billion in existing savings pocket from the day they started
ronnie
post Apr 8 2024, 03:57 PM

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QUOTE(virtualgay @ Apr 8 2024, 03:03 PM)
daily interest ma.. if on 11th no interest reflected then we remove the money la.. simple saja
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what happen if after removal of funds, total Pocket Savings drop below RM1b mark ?
ronnie
post Apr 9 2024, 08:17 AM

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Created 10 Saving Pockets of RM4,941
Seamless transfer via DuitNow from RIZE (no charges too)

I will transfer all the RM0.68 x 10 into Main account Daily (hahahaha)
ronnie
post Apr 9 2024, 08:30 AM

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QUOTE(LostAndFound @ Apr 9 2024, 08:28 AM)
What difference does it make for first come first serve? The cashback is credited daily (and must be calculated daily, otherwise some 'smart' person will withdraw on 11th April). Will GXBank give 30 days of 5% rate to certain customer for the whole 30 days while some customer get only 3% the whole 30 days? Makes much more sense that if the response really that overwhelming everyone will get 5% rate for first X days until total accumulated 1 billion allocation, so after that every user also will get 3%.
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GXBank is not allocating RM1b of interest... it's RM1b of Saving Pockets cap
ronnie
post Apr 9 2024, 10:23 AM

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QUOTE(coyouth @ Apr 9 2024, 09:22 AM)
so rajin just bank hopping.  tongue.gif
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with digital banks..it's even easier to bank hop in your pajamas
ronnie
post Apr 9 2024, 11:05 AM

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QUOTE(Chiggah @ Apr 9 2024, 10:50 AM)
What is the next tier after Rm4941 ?
*
what tier you talking about ?
ronnie
post Apr 9 2024, 04:07 PM

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QUOTE(nexona88 @ Apr 9 2024, 03:51 PM)
Done 50k @ 10 pockets 💰👍
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so late ah.....
ronnie
post Apr 9 2024, 04:07 PM

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QUOTE(Barricade @ Apr 9 2024, 03:57 PM)
Not liquid? I withdrawed yesterday night and credited today afternoon. Rize can do better?
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when Rize has no errors... it's instant
ronnie
post Apr 9 2024, 04:21 PM

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QUOTE(Barricade @ Apr 9 2024, 04:09 PM)
Nope and never plan to. Liquidity is not important for me. Rate is.
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speaking like those with loads of cash rclxms.gif rclxms.gif

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