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 BoostBank - By Axiata & RHB, Digital Bank of Malaysia

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sms2u
post Jan 2 2025, 11:44 AM

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QUOTE(chukahae @ Jan 2 2025, 11:42 AM)
Boost Bank Internal Sever Error. Anyone else?
*
after update app also same error. Boost really no test before release new update
skymade
post Jan 2 2025, 11:48 AM

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Yes, internal server error here as well.
Krv23490
post Jan 2 2025, 11:59 AM

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Internal server error for me too, thought it was because I was overseas
sms2u
post Jan 2 2025, 12:17 PM

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wonder how bank negara malaysia bank check and impose penalties to bank for down time

They should have a way to keep track downtime and impose penalties to bank for down time so that bank will do proper update
mamamia
post Jan 2 2025, 01:12 PM

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Celebration Jar drop to 3% instead of 3.3%?


The campaign is running from 1st October 2024 to 30th June 2025.

1st Nov 2024 - 1st Jan 2025: Interest rate of 3.6 % P.A.

2nd Jan 2025 - 30th June 2025: Interest rate of 3.0 % P.A.

https://support.myboostbank.co/hc/en-gb/art...campaign-period
Optizorb
post Jan 2 2025, 01:26 PM

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QUOTE(mamamia @ Jan 2 2025, 01:12 PM)
Celebration Jar drop to 3% instead of 3.3%?
The campaign is running from 1st October 2024 to 30th June 2025.

1st Nov 2024 - 1st Jan 2025: Interest rate of 3.6 % P.A.

2nd Jan 2025 - 30th June 2025: Interest rate of 3.0 % P.A.

https://support.myboostbank.co/hc/en-gb/art...campaign-period
*
wow disgusting
TSnexona88
post Jan 2 2025, 01:31 PM

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QUOTE(mamamia @ Jan 2 2025, 01:12 PM)
Celebration Jar drop to 3% instead of 3.3%?
The campaign is running from 1st October 2024 to 30th June 2025.

1st Nov 2024 - 1st Jan 2025: Interest rate of 3.6 % P.A.

2nd Jan 2025 - 30th June 2025: Interest rate of 3.0 % P.A.

https://support.myboostbank.co/hc/en-gb/art...campaign-period
*
Keep dropping only

Very sad case..
mamamia
post Jan 2 2025, 01:40 PM

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QUOTE(TOS2 @ Jan 2 2025, 10:23 AM)
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.
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QUOTE(Optizorb @ Jan 2 2025, 01:26 PM)
wow disgusting
*
QUOTE(nexona88 @ Jan 2 2025, 01:31 PM)
Keep dropping only

Very sad case..
*
with that, i wonder we need to change the magic number today or only tomorrow.
since celebration jar will be getting same rate as saving jars at 3%, it should be 60.84 per jar right?
Eugenet
post Jan 2 2025, 02:00 PM

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Here's the BULLCRAP known as Boost Bank.

2 weeks ago an online payment failed. Money still got deducted. Created 2 tickets, ZERO response from support.

Today tried to move some money out. Facial recognition failed 3 times and now my account is temporarily suspended. The stupid Boost app kept doing dramatic cinematic zoom while taking selfie. It is impossible to get it right. Who do they think I am? A Hollywood cameraman?

Knowing Boost Bank has ZERO support, I am royally screwed. Beware!
sms2u
post Jan 2 2025, 02:00 PM

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QUOTE(mamamia @ Jan 2 2025, 01:12 PM)
Celebration Jar drop to 3% instead of 3.3%?
The campaign is running from 1st October 2024 to 30th June 2025.

1st Nov 2024 - 1st Jan 2025: Interest rate of 3.6 % P.A.

2nd Jan 2025 - 30th June 2025: Interest rate of 3.0 % P.A.

https://support.myboostbank.co/hc/en-gb/art...campaign-period
*
in boost bank app, it show 3.3% p.a. for celebration jar
this is misleading or show wrong info in boost bank app?
brandonkl
post Jan 2 2025, 03:31 PM

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If 3% Savings Jar, then same as Aeon Bank. Aeon Bank app more stable. So better move to Aeon Bank.
brandonkl
post Jan 2 2025, 03:36 PM

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Celcom Savings Jar is 3.3% from 2 Jan 2025.. so I am moving from Celebration Jar to Celcom Jar.
Medufsaid
post Jan 2 2025, 04:14 PM

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from TOS2 (he has exceeded the 3post time limit for now so i'm posting on his behalf)

Based on what has been checked so far, DSA stays at 2.5% p.a.: https://support.myboostbank.co/hc/en-gb/art...st-Bank-account

All 8 normal saving jars and Celebration jar rates are down to 3% p.a.:

(Normal saving jar) https://support.myboostbank.co/hc/en-gb/art...my-Savings-Jars

(Celebration jar) https://support.myboostbank.co/hc/en-gb/art...campaign-period

All special jars, including CelcomDigi and Sabah jars rate dropped to 3.3% p.a. Check the promos T&C here: https://support.myboostbank.co/hc/en-gb/cat...n-and-Campaigns

Don't trust the numbers on the app for now. They are outdated and keep fluctuating, especially the special jars... sometimes showing 3.3% p.a., sometimes showing 3.6% p.a.
----------------------------

Magic numbers:

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)

3.0% normal saving jar + Celebration jar: Minimum 0.005*365/0.030 = 60.84, at increment of 0.01*365/0.03 = 121.67 for every extra cent of interest (Normal jar max limit is 1 million, but to earn interest, max needed is just 60.84 + 121.67 * 8218 = 999,944.90 per jar, uhmmm let's push it further, since we will get 999,944.90 * 0.03/365 = 82.19 per day at this juncture, might as well target 82.185 per day right? Hence, the maximum principal to put in is 82.185*365/0.03 = 999,917.50.

For celebration jar, repeat the same and you shall get max principal of 24,880.84, with max daily interest of 2.05)

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 (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 and you get max daily interest of 4.52 MYR.)

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

Kindly double check the calculations yea. smile.gif
poooky
post Jan 2 2025, 05:04 PM

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QUOTE(Medufsaid @ Jan 2 2025, 04:14 PM)
from TOS2 (he has exceeded the 3post time limit for now so i'm posting on his behalf)

Based on what has been checked so far, DSA stays at 2.5% p.a.: https://support.myboostbank.co/hc/en-gb/art...st-Bank-account

All 8 normal saving jars and Celebration jar rates are down to 3% p.a.:

(Normal saving jar) https://support.myboostbank.co/hc/en-gb/art...my-Savings-Jars

(Celebration jar) https://support.myboostbank.co/hc/en-gb/art...campaign-period

All special jars, including CelcomDigi and Sabah jars rate dropped to 3.3% p.a. Check the promos T&C here: https://support.myboostbank.co/hc/en-gb/cat...n-and-Campaigns

Don't trust the numbers on the app for now. They are outdated and keep fluctuating, especially the special jars... sometimes showing 3.3% p.a., sometimes showing 3.6% p.a.
----------------------------

Magic numbers:

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)

3.0% normal saving jar + Celebration jar: Minimum 0.005*365/0.030 = 60.84, at increment of 0.01*365/0.03 = 121.67 for every extra cent of interest (Normal jar max limit is 1 million, but to earn interest, max needed is just 60.84 + 121.67 * 8218 = 999,944.90 per jar, uhmmm let's push it further, since we will get 999,944.90 * 0.03/365 = 82.19 per day at this juncture, might as well target 82.185 per day right? Hence, the maximum principal to put in is 82.185*365/0.03 = 999,917.50.

For celebration jar, repeat the same and you shall get max principal of 24,880.84, with max daily interest of 2.05)

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 (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 and you get max daily interest of 4.52 MYR.)

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

Kindly double check the calculations yea. smile.gif
*
My app normal jar showing 3.2% and celebration jar 3.6%. boost bank team coordination not in sync.
skymade
post Jan 2 2025, 07:01 PM

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My app shown:
normal jar as 3.2%
Celebration jar as 3.6% (with campaign period = 8month, end date = 30June2025.
sjz
post Jan 2 2025, 07:31 PM

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QUOTE(skymade @ Jan 2 2025, 07:01 PM)
My app shown:
normal jar as 3.2%
Celebration jar as 3.6% (with campaign period = 8month, end date = 30June2025.
*
same for me.
so is this the actual interest or is 3.0% as per t&c?
Medufsaid
post Jan 2 2025, 09:42 PM

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QUOTE
The website rates changed again...

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)

3.6% special saving jar: Minimum 0.005*365/0.036 = 50.70, at increment of 0.01*365/0.032 = 101.39 for every extra cent of interest. For 3.6% special jar, 25k limit max principal is 24,994.37 while for 50k limit max principal is 49,934.03.

Based on website info as of now, the rates are valid till 9th Jan 2025. Stay tuned for more updates.

SydneyKL
post Jan 2 2025, 10:05 PM

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QUOTE(Medufsaid @ Jan 2 2025, 09:42 PM)
From TOS2
*
Yes, just checked the website: https://support.myboostbank.co/hc/en-gb/art...campaign-period stated 3.6%p.a. until 9/1/2025.

user posted image

This post has been edited by SydneyKL: Jan 2 2025, 10:05 PM
Optizorb
post Jan 2 2025, 10:10 PM

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boost flip flop like a fish. they dont deserve to call themselves a bank.

i moved all out to tng go+ already. only keep the min to get 1 cent

This post has been edited by Optizorb: Jan 2 2025, 10:10 PM
brandonkl
post Jan 2 2025, 10:54 PM

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I see that Boost extended all the Jars interest to 3.6% for one week until 9 January 2025.

Earlier on it was supposed to end on 2 January 2025.

Could it be some internal technical issues or BNM regulatory requirements?

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