Concerns about Security and accessibility (tech service disruption)

what happens if one day no internet/nationwide no letrik, how to withdraw funds?

yes max of 5k per pocket .
transfer from main ac to pocket for the 5%

if u only want to put RM100 only just put all into 1 pocket up to max of 4942.00
no need put so many pocket unless u hv 49,420 for the 10 pocket.

you put RM4,942 you get daily interest of RM0.68 (i forgot exact figure). you put RM5k, daily interest still RM0.68

better use that RM58 and put into other places (e.g., Rize/Versa/KDI save)

you can get 6% for longer period also if you want
but limited to RM671.11 though...
from roundup

Is kind of like force savings. Cause the savings pot cannot be used for spending. It needs to be transferred to main account to spend. Although transfering is fast but need the extra step.😂

this is extra? how about if each pockets has more than RM61?

6%  in GX Bank? Sure??

only who want to put rm61 into all pockets (try to play around with math but wont get rich). don't make sense for people who put more than rm61. effective rate is 3% pa. Not 6%.
For me, I better do other more beneficial stuff rather than 1 sen game

I moved money out d. Wait month end sure congest give aji ajo reason

Return of capital > return on capital

Good luck

Even after they cut rates to 2%, your first 1006.50 MYR at GX Bank can still earn 4% p.a. with the round-up trick.

This is followed by Rize's 3.8% p.a. ending on 30 September (we will see if they extend this one).

Thereafter is Boost 3.6% p.a. (interest credited weekly).

Finally it will be GX Bank (anything above 1006.50) or AEON Bank's 3% p.a.

At least that's what we have for now.

I computed the numbers before at a post attached below:



4% p.a. is from 1st of October onwards. GXBank will reduce its rate from the current 3% ("rounded-up" to 6% p.a. for the first 671 MYR) to 2% p.a. And we then double the rate using the round-up trick to 4% p.a.

91.50 MYR per pocket/main account * (10 saving pockets + 1 main account) = 1006.50 exactly. Nothing more, nothing less. Every day you will still get 0.01 MYR * 11 = 0.11 MYR. The absolute amount stays the same just like now but the effective rate is reduced from 6% to 4% as you put in more capital (1006.50 vs 671).

From now until 11:59 pm of 1st of October (a few minutes earlier would be better, as you need some buffer time to top up the amount to 91.50 MYR per pocket/account), you may keep 61 MYR per pocket/main account * 11 = 671 MYR and still earn 0.01* 11 = 0.11 MYR per day. (effective rate 6% p.a.).

And yes, you need to create multiple pockets to maximize the interest obtained. Otherwise you will earn 4% (6% now) on peanut amount of uhmm RM 91.50 (RM 61 for now) which gives you 0.01 MYR per day. We want more than 0.01 per day for sure, and there's this facility called "saving pocket" which we abuse utilize to obtain more money for value.