Remind me of rize every 1st day of month

Chi bai when about to pay for lunch just now cannot access as I needed to transfer funds out

no problem. i can transfer money out few times. super smooth

bad news: special jars reduced from 3.6% to 3.3%

looks like TNG GO+ better now with 3.5~3.6%

This post has been edited by Optizorb: Jan 1 2025, 02:03 PM

ah, was just about to post. yea bad news

What's the new magic number for maximum now? Since it's 3.3% for special jars

Confused now because of 365 days

Anyway happy new year to everyone

This post has been edited by SGSuser: Jan 1 2025, 02:33 PM

hmm i think then it is better to move to tngo+ for now

Only 20k to enjoy 3.64%.. What to shout about?

NoNameSoldier i'll probably put RM2k-3k max into TnGo+ for emergency immediate cash needs.

everything else can put into KDI save. first RM50k for 4%. RM50,000.01 to RM0.2 million @ 3.5%. withdraw before 11am can get by 10pm same day

This post has been edited by Medufsaid: Jan 1 2025, 05:32 PM

Reduced to 3.3%??
then it's looks like TNG GO+ better now

confirmed formula calculations back to 365 days

Saw this in Boost app. BoostMyMoney. 3.79% pa. What you guys think?

it takes at least 1 week to withdraw the money out..

Got 3 post/12 hours limit, gotta condense things a bit here.

So now we know the 2nd January 2025 ending period for the previous promo is nonsense. They can change the rate and ending period as they like. The T&C is designed to protect their interest, not yours and mine

New magic numbers (for the next 6 months... Now they say the 3.3% special rate will last for 6 months, let's see...):

2.5% DSA: Minimum 0.005*365/0.025 = 73, at increment of 0.01*365/0.025 = 146 for every extra cent of interest (no max limit ***, 50k daily transfer limit cap)

3.2% normal saving jar: Minimum 0.005*365/0.032 = 57.04, at increment of 0.01*365/0.032 = 114.07 for every extra cent of interest (max limit is 1 million, but to earn interest, max needed is just 57.04 + 114.07 * 153 = 995,502.58 per jar, uhmmm let's push it further, since we will get 995,502.58 * 0.032/365 = 87.28 per day at this juncture, might as well target 87.275 per day right? Hence, the maximum principal to put in is 87.275*365/0.032 = 995,480.47)

3.3% special saving jar: Minimum 0.005*365/0.033 = 55.31, at increment of 0.01*365/0.033 = 110.61 for every extra cent of interest (max 25k for all jars excluding CelcomDigit jar's 50k. For 25k max limit case, max principal needed is 55.31 + 110.61 * 225 = 24,942.56. Let's do it again, we will earn 24,942.56*0.033/365 = 2.26 interest per day per special jar. We apply round-up trick one more time: max principal to put in = 2.255 * 365 / 0.033 = 24,941.67. I will leave it as an exercise for you to show that for the 50k CelcomDigi jar, if you are eligible, the max principal to put is 49938.64.

*** after credit transfer verification, max across all balance including saving jars: RM 100,000,000, see myboostbank.co/terms-and-conditions section C, item 3)

Feel free to correct me if any of the figures above are wrong.

Last year, our friend asked if PIDM covers saving jars as well. I dug in to the T&C walls of text and found this:

i.imgur.com/4sneBBR.png (Sorry, cannot post https link and hence attach any photo in post during probation period...)

Beware of their ridiculous marketing. 3.79 % is earnings rate, you need to minus Management Fees (-) 0.5% per annum and Trustee Fees (-) 0.025% per annum to get 3.265 % p.a.

Most banks and fund houses advertise the final post-all-in-expense interest rate, Boost does not... Kindly see: myboost.co/feature/boostmymoney (scroll down, FAQ item 7: What is "Earning Rate"?)

Long time no see

For the special jars, I maxed both jars at 25k and 50k last night

For 25k, I get RM2.47 overnight interest
For 50k, I get RM4.93 overnight interest

Oh, one kind reminder... actually, yesterday and probably today. The 3.6% p.a. rate is still being applied. I put 3263 (= 55.31 + 110.61* 29) into the Celebration jar yesterday expecting to earn 30 cent interest this morning. Instead, 32 cents are credited, suggesting the formula of 3263 * 0.036 / 365 = 0.032.

So, you guys can still use the old 3.6 p.a. for special jar for one more day as they honor the 2nd Jan deadline.

For 3.6% special jar, 25k limit max principal is 24,994.37 while for 50k limit max principal is 49,934.03.

These figures are valid till 12 am tonight ONLY yea.

BoostCard still 2% rebate? until when?

need to update apps

hit internal server error and no choice to force to update app

Boost Bank Internal Sever Error. Anyone else?