Leave behind 1006.50, you still get 4% p.a. on those figures... With BoostBank's 5% promo ending soon, GX is relatively more attractive again.

Well, GX Bank change their offer once a month. After 5th of November new promos may come.

I am not sure how you arrive at RM 20++? We seek to earn 1 cent per saving pocket/main account, for a total of 11 MYR cents per day. Multiply that over 366 days a year give some 40.26 MYR.

If you want more convenience you can just leave the daily interests in the saving pockets/main accounts. End of year, on the last day you still earn 3.85% p.a. on the remaining balance...

*Easy to compute:

(0.11*366)/(1006.50+40.26-0.11)*100 = 3.85% p.a. (effective rate on last day of the year)

Which is way higher than many FD or HYSA accounts with tonnes of conditions.

I don't see why you should skip this offering. Also their IT system is a lot steadier than many other digital banks, it's as good as say CIMB, Maybank etc.... except without branches...

jagjag very subjective. for you to ask this, means it's not worth your trouble + storage space of 1 extra app on your phone. and do take note that TOS will actually rajin2 withdraw out RM0.01 * 11 pockets daily to other banks

I see why you are confused now. You frame the problem from a wrong perspective.

In our case here with GX Bank, the daily interests is "fixed" at 0.11 MYR, but the interest rate is variable. In other words, you earn 0.11 for all 11 pockets + main account per day regardless of the rate of the effective rate of 2%, 3.85% or 4% p.a.

There is no hassle at all in maintaining the money, the minimum amount to earn at least 0.11 per day is 1006.50 anyway.

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And no, don't let the 1006.50 amount be a psychological barrier for you. You can always park in more than that, just that overall return will be dragged down. If you want, you can put the rest of your money (above 1006.50) over at Rize or BoostBank. Or if you trust or love GX Bank so much that you are willing to pay a price for its sleek GUI interface and stability, you can put in GX Bank with a marginal return of 2% p.a.

It's entirely the user's choice. Don't let 1006.50 stop you from putting anything extra into GX Bank. (I hate to see it goes out of business too  )