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 BoostBank - By Axiata & RHB, Digital Bank of Malaysia

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SUSTOS
post Nov 1 2024, 10:06 PM

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QUOTE(Sotsotzaii @ Nov 1 2024, 08:40 PM)
Where is the supermarket jar ? Couldn't find it at the special jars tab.
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You sound out of context entirely...

Let me help you out. The supermarket jars (also called the Sabah jars, as the supermarkets exist in East Malaysia only, you don't see the stores in West Malaysia) refer to the CKS, Bataras, Farley and Servay jars under the Special Jars tab. Those pay you 4% p.a. right now (down from 5% p.a. in October).

The minimum amount needed to earn 0.01 MYR in daily interest is 0.005*366/0.04 = 45.75 MYR, to earn subsequent 0.01 MYR interests you increase the amount in steps of 91.50 MYR.

Hope that helps.


SUSTOS
post Nov 1 2024, 10:09 PM

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QUOTE(cclim2011 @ Nov 1 2024, 09:25 PM)
i have 50k left in celcom digi to be transfered out tmrw. shld i move to supermaket jar? will it autoclose tmrw since i didnt fulfil hahaha
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We are betting big on the 4 supermarket jars and the Celcom Digi jar... Most people have past the 1 month fulfillment period by now, will need to stay awake till 1 am and see if the daily interests are in tongue.gif

They do it sequentially, so you should be able to see money coming in bit by bit. Fun night ahead eh

This post has been edited by TOS: Nov 1 2024, 10:29 PM
Gogurt
post Nov 2 2024, 12:19 AM

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Anyone tried paying for Digi bill with a boost bank card? It keep getting a payment failed response smh
SUSTOS
post Nov 2 2024, 12:43 AM

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Up till now, the interests for the 8 normal jars have been paid. No interest coming in for any of the 6 special jars and the DSA.
soulreap
post Nov 2 2024, 12:54 AM

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lol, like waiting for election results only xD
SUSTOS
post Nov 2 2024, 12:58 AM

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Good news. The Sabah jars interests are coming in.
guy3288
post Nov 2 2024, 01:09 AM

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QUOTE(TOS @ Nov 2 2024, 12:58 AM)
Good news. The Sabah jars interests are coming in.
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4% thumbsup.gif celcom jar nothing...
SUSTOS
post Nov 2 2024, 01:35 AM

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All 4 Sabah jars interests fully paid. Celebration jar and Celcom Digi jar not yet paid.
SUSTOS
post Nov 2 2024, 01:45 AM

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Celebration jar interest in.
SUSTOS
post Nov 2 2024, 01:54 AM

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CelcomDigi Jar interest in. All BoostBank interests credited successfully... time to sleep...
SGSuser
post Nov 2 2024, 06:11 AM

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QUOTE(TOS @ Nov 1 2024, 06:59 PM)
To further enhance this info:

New magic number for 8x savings jar is 57.19 now, increment for additional 0.01 MYR interest = 114.38
New magic number for supermarket jar is 45.75; increment for additional 0.01 MYR interest = 91.50; if putting at max is 24933.75,
New magic number for celebration jar is the previous rate for saving jars: 50.84; increment for additional 0.01 MYR interest = 101.67; if putting at max is 24959.17 (since we cannot exceed 25k)
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Just a quick question, are we supposed to get daily interest of RM2.74 or RM2.73 from that amount?
poooky
post Nov 2 2024, 06:23 AM

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QUOTE(TOS @ Nov 2 2024, 01:54 AM)
CelcomDigi Jar interest in. All BoostBank interests credited successfully... time to sleep...
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Yes confirmed all in. Now tempted to move from celebration and jar back into Sabah jars, but scared that they will auto close next week since didn't fulfill condition. unless the rate update from 5 to 4% means that the grace period also reset back to 1 month.
SUSTOS
post Nov 2 2024, 08:09 AM

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QUOTE(SGSuser @ Nov 2 2024, 06:11 AM)
Just a quick question, are we supposed to get daily interest of RM2.74 or RM2.73 from that amount?
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24933.75*0.04/366 = 2.73 MYR per day, no?
SUSTOS
post Nov 2 2024, 08:11 AM

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QUOTE(poooky @ Nov 2 2024, 06:23 AM)
Yes confirmed all in. Now tempted to move from celebration and jar back into Sabah jars, but scared that they will auto close next week since didn't fulfill condition. unless the rate update from 5 to 4% means that the grace period also reset back to 1 month.
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Haha I was counting on that too. Let's see... If they do this that means the T&C is useless... There is no need to fulfill the requirement of spending in the Sabah supermarkets and yet you can earn 4% p.a. daily interest...

This is gonna put a lot of pressure on other banks...
Sotsotzaii
post Nov 2 2024, 08:39 AM

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Do i also put the same amount - 50.84 in Celcomdigi jar ?
SydneyKL
post Nov 2 2024, 09:07 AM

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double post

This post has been edited by SydneyKL: Nov 2 2024, 09:10 AM
SydneyKL
post Nov 2 2024, 09:09 AM

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QUOTE(TOS @ Nov 2 2024, 08:11 AM)
Haha I was counting on that too. Let's see... If they do this that means the T&C is useless... There is no need to fulfill the requirement of spending in the Sabah supermarkets and yet you can earn 4% p.a. daily interest...

This is gonna put a lot of pressure on other banks...
*
the special jars are valid until December (60 days) rather than 1 month, no ?
SUSTOS
post Nov 2 2024, 09:29 AM

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QUOTE(Sotsotzaii @ Nov 2 2024, 08:39 AM)
Do i also put the same amount - 50.84 in Celcomdigi jar ?
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Yes, it's pays the same interest rate as the Celebration jar. So it follows the same amount.

QUOTE(SydneyKL @ Nov 2 2024, 09:09 AM)
the special jars are valid until December (60 days) rather than 1 month, no ?
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You need to look at the T&C.

This is T&C for the East Malaysia jars: https://myboostbank.co/sites/default/files/...%28Final%29.pdf

This is T&C for the Celcom Digi jar: https://myboostbank.co/sites/default/files/...%28Final%29.pdf

Have a look at Campaign Mechanics paragraph 2:

QUOTE
For absolute clarity, during the Campaign Period, if a Customer does not fulfil the criteria in paragraph 1 above in the following month after the first transaction qualifying for receiving the East Malaysia Jar, the Customer is not eligible to receive the Promotional Interest Rate for that following month, and the amount then in the East Malaysia Jar will be credited automatically into his main account and the East Malaysia Jar will continue to appear but will be deactivated. However, if the Customer fulfils the criteria in paragraph 1 again during the Campaign Period, the Customer’s East Malaysia Jar will be reactivated and the Promotional Interest Rate may apply to the end-of-day balance of the then East Malaysia Jar, subject to the Maximum Cap.


So, according to the T&C, you don't spend at the 4 Sabah and Sarawak supermarkets in October, from November onwards you should not be receiving any daily interest and the jars will auto-close. The 60-day limit apply to those who will spend at either of the 4 supermarkets anyhow, but for us "free-riders", our jars are supposed to be deactivated since yesterday and the money should be inside DSA already.

But that's not we witness this morning. Given their lousy IT backend, I think we might get away with this. So, let's just stay quiet...

Shhhh... laugh.gif
Sotsotzaii
post Nov 2 2024, 09:41 AM

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QUOTE(TOS @ Nov 2 2024, 09:29 AM)
Yes, it's pays the same interest rate as the Celebration jar. So it follows the same amount.
Got it, for Boost, do I need to take out the interest daily like GX Bank ?
Medufsaid
post Nov 2 2024, 09:41 AM

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if boost is smart enough they can clawback anything at anytime. since a customer relationship with a bank is measured in months, you cannot escape that easily

below is gx bank clawback mechanism for reference

user posted image

btw, celcomdigi jar no more "oversubscribed"

This post has been edited by Medufsaid: Nov 2 2024, 09:42 AM

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