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 BoostBank - By Axiata & RHB, Digital Bank of Malaysia

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cclim2011
post Oct 2 2024, 11:31 AM

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QUOTE(ASoulNamedLeo @ Oct 2 2024, 12:50 AM)
Don't worry, I did it already 36.60 on special jars (5%), and 50.84 on normal jars (3.6%). Can confirm your formula works (unlike Rafizi)

user posted image
user posted image

Indirectly, Boost Bank become first Malaysia bank to give double digit effective annual interest rate (10%) in the 21st century lol
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bataras servay etc... did u spend the 50? thanks
arsenal
post Oct 2 2024, 11:40 AM

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QUOTE(skty @ Oct 2 2024, 01:34 AM)
for the celcomdigi jar, in order to activate 5% interest, can use BOOST bank debit card to pay directly to digi bill RM20 then can entitle for the 5% interest already right?

anyone tried?
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yes correct
DogeGamingPRO
post Oct 2 2024, 12:04 PM

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QUOTE(Wolgie @ Oct 2 2024, 11:07 AM)
Got Apply BoostCard? Any benefit?
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No, no point for now. Just a debit card so u have access to ATM withdrawals and all that.
ASoulNamedLeo
post Oct 2 2024, 12:57 PM

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QUOTE(cclim2011 @ Oct 2 2024, 11:31 AM)
bataras servay etc... did u spend the 50? thanks
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Nope
lkwah86
post Oct 2 2024, 02:15 PM

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I deposited 16k, get RM2.19

16k * 0.05 / 366 = 2.185

If deposit 25k, may get 3.42 max?

This post has been edited by lkwah86: Oct 2 2024, 02:18 PM
Optizorb
post Oct 2 2024, 02:21 PM

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QUOTE(lkwah86 @ Oct 2 2024, 02:15 PM)
I deposited 16k, get RM2.19

16k * 0.05 / 366 = 2.185

If deposit 25k, may get 3.42 max?
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yes
ASoulNamedLeo
post Oct 2 2024, 02:24 PM

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QUOTE(TOS @ Oct 2 2024, 12:57 AM)
Congrats man!

lol BoostBank broke record... first digital bank to give 10% effective rate to users  laugh.gif

We are now sure that DSA, normal saving jars, and special saving jars interests are ALL credited daily!

Thanks for the screenshots.  thumbup.gif
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One thing to add min withdrawal for special jar and savings jar for boost bank is RM1, so cannot directly withdraw one sen like gxbank, need to deposit RM1, then withdraw and RM1.01
gempakstarz
post Oct 2 2024, 02:27 PM

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QUOTE(lkwah86 @ Oct 2 2024, 02:15 PM)
I deposited 16k, get RM2.19

16k * 0.05 / 366 = 2.185

If deposit 25k, may get 3.42 max?
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yup i got this today
SUSTOS
post Oct 2 2024, 02:31 PM

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QUOTE(ASoulNamedLeo @ Oct 2 2024, 02:24 PM)
One thing to add min withdrawal for special jar and savings jar for boost bank is RM1, so cannot directly withdraw one sen like gxbank, need to deposit RM1, then withdraw and RM1.01
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The same with deposits as well, yes. You are right. Just an easy workaround, nothing complicated.
lkwah86
post Oct 2 2024, 02:37 PM

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QUOTE(gempakstarz @ Oct 2 2024, 02:27 PM)
yup i got this today
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ok, then extra 3.42 can put into celcomdigi jar to earn 5%p.a.
ASoulNamedLeo
post Oct 2 2024, 02:42 PM

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Also from yesterday until today, not yet able to order physical card on Boost Bank Android app, anyone else having this issue? Can create virtual card though

This post has been edited by ASoulNamedLeo: Oct 2 2024, 02:43 PM
virtualgay
post Oct 2 2024, 02:50 PM

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QUOTE(ASoulNamedLeo @ Oct 2 2024, 02:42 PM)
Also from yesterday until today, not yet able to order physical card on Boost Bank Android app, anyone else having this issue? Can create virtual card though
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can guide how to create virtual card? I click here and there also cannot find
i feel like i am very dumb
i am 51 years old and i still quite sharp but still with reading glasses i still cant find it..

btw i did manage to switch my DuitNow ID from Rize to Boost - option is hidden behind Profile > Account Settings


sjz
post Oct 2 2024, 03:04 PM

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QUOTE(virtualgay @ Oct 2 2024, 02:50 PM)
can guide how to create virtual card? I click here and there also cannot find
i feel like i am very dumb
i am 51 years old and i still quite sharp but still with reading glasses i still cant find it..

btw i did manage to switch my DuitNow ID from Rize to Boost - option is hidden behind Profile > Account Settings
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same as Boost apps, their apps is not that user friendly.
i'm having hard time using Boost apps too
siawyent
post Oct 2 2024, 03:34 PM

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Does Boost bank has any referral benefit? wish to open one.
lkwah86
post Oct 2 2024, 03:39 PM

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QUOTE(virtualgay @ Oct 2 2024, 02:50 PM)
can guide how to create virtual card? I click here and there also cannot find
i feel like i am very dumb
i am 51 years old and i still quite sharp but still with reading glasses i still cant find it..

btw i did manage to switch my DuitNow ID from Rize to Boost - option is hidden behind Profile > Account Settings
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In the Boost Bank app, there are 3 circle tabs on top, 'Account', 'Jars', 'Cards'.
Click on the 'Cards'
ASoulNamedLeo
post Oct 2 2024, 03:49 PM

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QUOTE(lkwah86 @ Oct 2 2024, 03:39 PM)
In the Boost Bank app, there are 3 circle tabs on top, 'Account', 'Jars', 'Cards'.
Click on the 'Cards'
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@virtualgay here

Do it after you updated the Boost Bank app
DogeGamingPRO
post Oct 2 2024, 04:46 PM

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user posted image

I ticked don’t show again and pressed maybe later multiple times, the popup is still coming up, annoying
sjz
post Oct 2 2024, 04:53 PM

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after pay Celcom bill using Boost Bank Debit card, straight receive 4% cashback?
canjeth
post Oct 2 2024, 04:56 PM

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QUOTE(DogeGamingPRO @ Oct 1 2024, 11:41 PM)
First 25k within the jar gets 5%, anything more is 3.6% on the extra amount
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Can I know where you get this info from? Not what I understand from their faq.
https://support.myboostbank.co/hc/en-gb/art...l-Interest-Rate
soulreap
post Oct 2 2024, 05:30 PM

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QUOTE(TOS @ Oct 2 2024, 12:55 AM)
First, your aim is to maximize the highest effective rate. That means you double the 5% birthday/partner promo jars to 10%. I computed the figure to be 36.60 MYR.

Then, you move to the next highest effective rate, i.e., the normal saving jars, you seek to double the rates from 3.6 to 7.2%, I computed the figure to be 50.84 MYR per pocket for a total of 8 pockets maximum = total 406.72 MYR.

Lastly you double the DSA rate from 2.5% to 5% = magic number is 73.20 MYR.

--------------------------------------

After this, you dump all your remaining money back into the 5% birthday jar and promo jars up to the maximum limit possible. Remember, for the special jars, anything above 36.60 MYR will earn 5% p.a. (the marginal interest rate).

After you hit the limit for all special jars, dump 1006.50 MYR into GX Bank to earn the 4% effective rate.

If there's anything leftover, you then dump the rest into the normal saving jars (for effective rate of 3.6% p.a.)

If all 8 saving jars at BoostBank are full, you go down the "effective rate chain" further and move money to Rize (3.3%).

Further down you have TnG Go+ of around 3.4% p.a., and further down you have AEON Bank 3% -> BoostBank DSA 2.5% p.a. (anything above 73.20 MYR earns marginal rate of 2.5% p.a.) -> GX Bank 2% p.a. (anything above 1006.50 at GX Bank earns marginal rate of 2% p.a.).
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Sorry, I am just abit confused. To clarify, I have placed 25k in the Bitthday and all 4 shopping jars (125k intotal over 5 jars). Have not unlocked the celcomdigi jar, planning to do that tomorrow and place another 50k in.
So, thats all the 5% ones done. Am I on the right track here?

Then put 1006.50 in Gx over 11 pots, including main. And after that start putting the rest into normal saving jars in Boost? Those have a limit?

After that only do I consider TnG Go+ and Rize?

So sorry for this. Just hope I can clear things up and go about it efficiently, thanks.

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