Err why 3.97% p.a. ? Not 4% p.a.?

Can anyone check if they can login to their BoostBank currently? I keep receiving "Login failure" message on my side. There is nothing to update on Play Store, so certainly not an outdated app problem.

Alright, everything back as usual. Jars open to deposits and withdrawals, no capping yet. Minimum amount to withdraw still RM 1.

Applied for BoostBank debit card 2 days ago. Card arrived today! RM 10 cashback. Now waiting for 2% cashback announcement...

Hmm, doesn't apply to me leh... Minimum withdrawal still RM 1.00 for all jars...

Are you using iOS, just curious?

I tried this morning and just now, still 1.00 MYR minimum.

BoostBank hired people who can't do proper maths nor understand the situation...





I told them they credited 0.01 interest but it couldn't be withdrawn because the minimum withdrawal amount is 1.00 MYR, but they tell me interest was not credited...

And even so, the minimum number is clearly wrong. 0.01 * 366 / 0.05 = 73.20, not 72 and that is without round up. The actual figure should be 0.005 * 366 / 0.05 = 36.60 MYR...



This post has been edited by TOS: Nov 19 2024, 10:41 AM

Yes, I know, I am referring to the 5% statement for the previous case (prior to the downward revision).

Probably December... They are waiting for Santa Claus to arrive before they unwrap the mystery present.

BoostBank offline liao? Service unavailable?

Still waiting for the 2% cashback details....

It's out! 2% cashback T&Cs are out!

https://myboostbank.co/debit-card (scroll to bottom, direct PDF link access below)

https://myboostbank.co/sites/default/files/...ign_vFinal2.pdf

Applicable to both online/physical retail, and both local and overseas usage.

Max 40 MYR cashback per calendar month, max capping 2 million MYR (first come first serve). Campaign period till end of this month only. Let's see if they will extend.

This post has been edited by TOS: Nov 30 2024, 10:29 PM

Android users update your BoostBank app.

Guys, the special jar interests dropped to 3.6% p.a. starting from this month (December)

No more 4% p.a. liao

T&C updated: https://myboostbank.co/sites/default/files/...ars%20T%26C.pdf

Time to move 1006.50 to GX Bank again.

New magic numbers:

2.5% DSA: 0.005*366/0.025 = 73.20 (subsequent topups to earn 0.01 MYR interest @2.5% p.a. = 146.4)
3.2% normal jar: 0.005*366/0.032 = 57.19 (subsequent topups to earn 0.01 MYR interest @3.2% p.a. = 114.38)
3.6% special jars (including Sabah jars): 0.005*366/0.036 = 50.84 (subsequent topups to earn 0.01 MYR interest @3.6% p.a. = 101.67)

For those interested in maxing out 3.6% special jars:

Assuming 25k max cap for all special jars (except CelcomDigi), solve for n (n must be integer): 50.84+101.67*n < 25000 -> you get n < 245.39, i.e., n = 245. So deposit 50.84 + 101.67 * 245 = 24959.99 and you get daily interests of 0.01 * 246 = 2.46 MYR.

Let's push it further. If I can get 2.46 MYR in daily interests, I might as well apply another round of round-up trick. I aim for 2.455 MYR in daily interest instead of 2.46 (makan another 0.05 MYR daily interest from BoostBank  )

So, now the magic number is 2.455*366/0.036 = 24959.17

For CelcomDigi jar, max cap is 50k, again we solve for n (n must be integer): 50.84+101.67*n < 50000 -> you get n < 491.287, i.e., n = 491. So deposit 50.84 + 101.67 * 491 = 49970.81 and you get daily interests of 0.01 * 492 = 4.92 MYR.

Using the same round-up trick as before, the ultimate magic number we seek is 4.915*366/0.036 = 49969.17

This post has been edited by TOS: Dec 1 2024, 12:08 PM

Let me add more info for those who wish to max up the BoostBank special jars.

This post has been edited by TOS: Dec 1 2024, 12:07 PM

Ahaha I know why liao...

Yes, it's 24959.17. because... to get 2.46 MYR in interests, I only need to aim for 2.455 MYR in daily interests, so that means principal = 2.455*366/0.036 = 24959.17

That's the extra condition.

Latest updated magic numbers.

BoostBank social media strategists working on Sunday!

Given their lousy IT backend, let's wait for a couple of days. It's Sunday after all. GLC workers surely not working

Err, in short: old number is new number.

Previously, (prior to Dec 1, 2024) the Sabah jars pay 4% p.a., and the Birthday + CelcomDigi jars pay 3.6% p.a.

Now, Sabah jars plus birthday and CelcomDigi jars ALL pay 3.6% p.a., so the 4% magic numbers no longer apply, and the 3.6% p.a. magic numbers now apply to ALL special jars (inclusive of the Sabah ones.)

BoostBank login failure on Android phone. No updates from Play Store yet.

Update: system restored. No issue now.

This post has been edited by TOS: Dec 1 2024, 03:58 PM