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 BoostBank - By Axiata & RHB, Digital Bank of Malaysia

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ClarenceT
post Oct 4 2024, 09:22 AM

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QUOTE(lsl640 @ Oct 4 2024, 09:17 AM)
Interest not credited for birthday jar?
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Already credited (check your balance) but not listed at ledger yet.
ye0073
post Oct 4 2024, 09:36 AM

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QUOTE(lsl640 @ Oct 4 2024, 09:17 AM)
Interest not credited for birthday jar?
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Mine got credited.
Wolgie
post Oct 4 2024, 09:40 AM

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QUOTE(ClarenceT @ Oct 4 2024, 09:22 AM)
Already credited (check your balance) but not listed at ledger yet.
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QUOTE(ye0073 @ Oct 4 2024, 09:36 AM)
Mine got credited.
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forgot early i in how much... better wit ledger out innocent.gif innocent.gif
ccschua
post Oct 4 2024, 09:46 AM

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what is the limit that can be bank into Saving jar.
SUSTOS
post Oct 4 2024, 10:10 AM

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QUOTE(ccschua @ Oct 4 2024, 09:46 AM)
what is the limit that can be bank into Saving jar.
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Hi uncle. biggrin.gif

If you mean special jars, all except CelcomDigi has a 25k limit (CelcomDigi's a 50k limit). Some members reported yesterday that the CelcomDigit jar is full already (hit 50 million MYR deposits liao), but you can try and see. If the jar is deactivated it means it's full.

As for the normal saving jars, you can place up to 1 million MYR per jar, and there is a cap of 200 million MYR, so far cap has not yet been reached.

This post has been edited by TOS: Oct 4 2024, 04:19 PM
sohlican
post Oct 4 2024, 10:32 AM

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Boost Bank customer service is very unprofessional and rude.
Barricade
post Oct 4 2024, 11:15 AM

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QUOTE(sohlican @ Oct 4 2024, 10:32 AM)
Boost Bank customer service is very unprofessional and rude.
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I remember your name from mIRC decades ago. tongue.gif
gempakstarz
post Oct 4 2024, 11:19 AM

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QUOTE(sohlican @ Oct 4 2024, 10:32 AM)
Boost Bank customer service is very unprofessional and rude.
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apa kes
TSnexona88
post Oct 4 2024, 11:21 AM

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QUOTE(sohlican @ Oct 4 2024, 10:32 AM)
Boost Bank customer service is very unprofessional and rude.
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Probably too stressed up... Many people scolding them for sucks services 😁
sohlican
post Oct 4 2024, 11:25 AM

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QUOTE(Barricade @ Oct 4 2024, 11:15 AM)
I remember your name from mIRC decades ago.  tongue.gif
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lol... pm tepi your nick and channel in IRC tongue.gif

QUOTE(gempakstarz @ Oct 4 2024, 11:19 AM)
apa kes
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Just called them to tell them, interest ada credited but not appearing in history, no record.

She then say so what is the problem? I was like omfg...
virtualgay
post Oct 4 2024, 11:28 AM

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QUOTE(nexona88 @ Oct 4 2024, 11:21 AM)
Probably too stressed up... Many people scolding them for sucks services 😁
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best is not to disturb them and read faqs or get some bro / sis here to help with simple question
but for cases like money not credited or lost in the cloud then no choice but to contact them
i yet to call them but Rize customer Service is good!
If both rize and boost offering 3.3% I will stay with Rize
anyway now i am team Red (boost), just migrated from team orange (Rize)
Sitting Duck
post Oct 4 2024, 11:41 AM

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Interests is indeed credited but seems like the interests credit doesn't have a record in the transaction.
SUSTOS
post Oct 4 2024, 11:54 AM

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QUOTE(Sitting Duck @ Oct 4 2024, 11:41 AM)
Interests is indeed credited but seems like the interests credit doesn't have a record in the transaction.
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This issue shows the advantage of withdrawing the daily interests as soon as possible upon crediting. Even if they wanna dispute, the money is out already.

It doesn't take too long, just a minute or two. Don't be lazy. tongue.gif
TSnexona88
post Oct 4 2024, 12:02 PM

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QUOTE(virtualgay @ Oct 4 2024, 11:28 AM)
best is not to disturb them and read faqs or get some bro / sis here to help with simple question
but for cases like money not credited or lost in the cloud then no choice but to contact them
i yet to call them but Rize customer Service is good!
If both rize and boost offering 3.3% I will stay with Rize
anyway now i am team Red (boost), just migrated from team orange (Rize)
*
Problem is the $$$ not appearing in History (interest $$$ credited)...

So it's on their side... So need to contact CS lorh...
ClarenceT
post Oct 4 2024, 12:03 PM

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QUOTE(sohlican @ Oct 4 2024, 11:25 AM)
She then say so what is the problem?  I was like omfg...
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What is the problem?
Other banks also like that lah, normally you will see it after 6am. Need a few hours to appear at ledger.

This post has been edited by ClarenceT: Oct 4 2024, 12:04 PM
virtualgay
post Oct 4 2024, 02:59 PM

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QUOTE(nexona88 @ Oct 4 2024, 12:02 PM)
Problem is the $$$ not appearing in History (interest $$$ credited)...

So it's on their side... So need to contact CS lorh...
*
as long as the amount is credited then is fine, wait 24 hours to let it appear in our transaction history
if it is not appearing then only we kacau them

TSnexona88
post Oct 4 2024, 03:46 PM

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QUOTE(virtualgay @ Oct 4 2024, 02:59 PM)
as long as the amount is credited then is fine, wait 24 hours to let it appear in our transaction history
if it is not appearing then only we kacau them
*
Yeah... Cannot simply disturbing them

They also stressed up 😔
bm_kia
post Oct 4 2024, 03:58 PM

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QUOTE(TOS @ Oct 2 2024, 11:25 PM)
Just an added bonus for those of you who wanna maximize everything to the extreme, given now that we can open so many 5% jars.

We already know that the first 36.60 MYR will earn the effective 10% p.a. interest.

I said earlier that anything above 36.60 will earn 5% p.a., but that's not entirely correct.

The next (and subsequent) 0.01 MYR interest crediting (above the original 0.01 MYR on the 36.60 principal) will only occur when the interests are 0.015, 0.025, 0.035, 0.045 etc.

Let's do some checking:

1. (0.005/0.05)*366 = 36.60
2. (0.015/0.05)*366 = 109.80
3. (0.025/0.05)*366 = 183
4. (0.035/0.05)*366 = 256.20

and so on.

Notice the difference between the consecutive cases (4-3, 3-2, 2-1) are all by the exact same amount 73.20 MYR. It makes sense because the marginal interest rate is 5% p.a., and so 73.20 MYR * 0.05 / 366 = 0.01 MYR (this is where the extra 0.01 comes from on top of the original 36.60 MYR).

If your deposit amount is between the numbers (e.g. 109.80 > 5% jar amount > 36.60, 183 > 5% jar amount > 109.80, etc.), you will only earn up to the previous case's interest.

E.g. if you deposit 50 MYR, you earn case 1's interest of 0.01 MYR (this is as if you deposited only 36.60 MYR).

So if you want to fully utilize your money, make sure you arrange your deposits such that it hits exactly the number 36.60, 109.80, 183, 256.20 etc. Anything in between is deemed "inefficient".

You can obtain the "cases" by applying the formula (0.005+n*0.01)/0.05*366 where n = 0, 1, 2, 3, ... (For the mathematically-inclined, the number sequence forms an arithmetic progression with starting value, a = 36.60 and common difference, d = 73.20, T_n = a + (n-1)*d, n = 1,2,3,...)
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Based on the same logic, the amount you need in Birthday Jar to earn max interest of 3.42 should be just 24997.80 while for CelcomDigi Jar, to earn max interest of 6.83 should be 49959...Correct?
ccschua
post Oct 4 2024, 04:01 PM

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QUOTE(TOS @ Oct 4 2024, 10:10 AM)
Hi uncle.  biggrin.gif

If you mean special jars, all except CelcomDigi has a 25k limit. Some members reported yesterday that the CelcomDigit jar is full already (hit 50 million MYR deposits liao), but you can try and see. If the jar is deactivated it means it's full.

As for the normal saving jars, you can place up to 1 million MYR per jar, and there is a cap of 200 million MYR, so far cap has not yet been reached.
*
if money withdraw from special say after 7 days, do we get 5% on that 7 days ?
SUSTOS
post Oct 4 2024, 04:18 PM

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QUOTE(bm_kia @ Oct 4 2024, 03:58 PM)
Based on the same logic, the amount you need in Birthday Jar to earn max interest of 3.42 should be just 24997.80 while for CelcomDigi Jar, to earn max interest of 6.83 should be 49959...Correct?
*
Yes, the figure is correct for the birthday jar. The maximum interest earnable is 3.42 based on the 25k limit per jar. Applying the round up trick, we only need to deposit enough money such that the interest is 3.415 and that magic number is 3.415*366/0.05 = 24997.80.

As for CelcomDigi jar, yes, if you use the same round up trick, then the amount to deposit is really 49959 only.

Damn, ikanbilis your round-up trick has endless applications! laugh.gif Banks gonna gulung tikar very soon because of you laugh.gif

QUOTE(ccschua @ Oct 4 2024, 04:01 PM)
if money withdraw from special say after 7 days, do we get 5% on that 7 days ?
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Good afternoon uncle.

BoostBank has shifted to daily interest crediting since around 28/29 of September. Now your interests are paid daily, and normally, you can withdraw them around 12-1 am the next day.

So to answer your question, you are free to withdraw cash any time you like. Interest is paid based on end-of-day balance.

This post has been edited by TOS: Oct 4 2024, 04:19 PM

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