Oh, I realize one thing.

The "fullness" of the birthday jar implies that it is now impossible to withdraw the daily interests out from the jar.

Since we are only allowed to withdraw 1 MYR at the minimum, once you withdraw RM 1.01 from the jar, you won't be able to deposit back RM 1 to effectively transfer out your 0.01 daily interest. And if you don't deposit up to the minimum magic number required to earn at least 0.01 MYR in daily interests, you are toast! You are lending money for free to BoostBank!

So, now the jar becomes some sort of a 1-month deposit at 5% p.a...

Be careful yea

This post has been edited by TOS: Oct 7 2024, 09:47 PM

fb boostbank posted birthday jar has full due to oversubscribed. so i wonder interest downgrade or not?

ericlaiys can confirm interest not downgraded

unless if you already deposited (RM7,320.00-RM36.60) to that jar, you get to withdraw RM1 daily

This post has been edited by Medufsaid: Oct 8 2024, 01:57 AM

Hmm where do you get 7320... and mind explaining the rationale behind (7320 - 36.60)?

TOS RM7,320 @ 5% pa gives you RM1 in interest daily. RM7,283.40 gives you RM0.995 aka rounded up to RM1 in interest

lol what a funny thing thou .
Now money is locked inside the "Boost Jar"....

so much work for extra 1.7% interest (with cap somemore)

Locked in the sense that you cannot deposit into boost birthday jar (quota full)

You can still withdraw, just that Jars require you to withdraw at least RM1.00 and above. RM1.01, RM1.02 all permissible

This post has been edited by Medufsaid: Oct 8 2024, 09:11 AM

Mine it didn't show the transaction for interest credited since 5th October

I don't bother with the ledger accounting. The key thing is you must see your account figures go up by that 1,2,3,4... cents in MYR, if you use the magic numbers. And make sure you can withdraw them.

BoostBank's backend IT system is shitty so it will take them some time to tally the backend figures on their own.

As of today, all my interests are withdrawable, except the birthday jar which is full so I can't take the money out or I will lose every extra cent of interest on the remaining amount.

I see, but i don't quite remember my exact amount coz im not deposit whole number.

This post has been edited by rko0504: Oct 8 2024, 09:37 AM

rko0504 the deposit/withdrawal entries are still showing. it's just you have to manually calculate the daily interest based on your balance @ 12am every day

no downgrade. get 3.42 per day

i notice both brithday and digi jar suddenly no longer give daily interest? switch to weekly? as earlier was daily, after 4 Oct no more

This post has been edited by bee002: Oct 8 2024, 11:14 AM


Attached thumbnail(s)

bee002 if u manually calculate, u will know that daily interest is still credited

sorry what you mean? are you mean still calc daily but credit weekly ? i am ok with that , just curious why some time daily credit some time weekly , as you see my print screen got few days is daily credited

bee002

my celcom jar still got daily interest

Anybody not receiving their money or receiving extra money
in Boost bank account so far?


Attached thumbnail(s)

Dont look at the ledger/ transaction history.

Check your account balance. Calculate yourself how much you earn every day.
Balance x 0.05 / 366 daily

Has boost bank announced any rewards for using the debit card?

this boost bank 5% promo very good.

giving me RM71.79 interest everyday.

really not a bad return for a place temporary parking of money.

hope they will release more >=5% jar in te future.

the feeling of everyday transferring out the interest is definitely not same as Rize once a month

This post has been edited by skty: Oct 8 2024, 08:55 PM