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 BoostBank - By Axiata & RHB, Digital Bank of Malaysia

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SGSuser
post Nov 1 2024, 07:00 AM

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My birthday jar money automatically withdrawn to DSA, but missing the interest for 31st October sad.gif
SGSuser
post Nov 1 2024, 07:25 PM

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The interest is now credited to the celebration jar.

nvm saw it

This post has been edited by SGSuser: Nov 1 2024, 07:30 PM
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)
*
Just a quick question, are we supposed to get daily interest of RM2.74 or RM2.73 from that amount?
SGSuser
post Nov 16 2024, 04:44 PM

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Anyone savings interest in the celcomdigi jar not affected, despite not paying the monthly rm20 minimum amount using boost app?
SGSuser
post Dec 1 2024, 09:07 AM

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QUOTE(TOS @ Dec 1 2024, 12:54 AM)
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. tongue.gif

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 3.6% jars, the minimum amount to get maximum interest is it RM24,959.17?

Sorry if my calculation is quite off laugh.gif
SGSuser
post Dec 1 2024, 11:17 AM

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QUOTE(TOS @ Dec 1 2024, 10:48 AM)
Let me add more info for those who wish to max up the BoostBank special jars. biggrin.gif
*
I recheck back posts from early November for 3.6% jar, the maximum was RM24,959.17

But this time it's RM24,959.99? Am confused confused.gif laugh.gif
SGSuser
post Dec 1 2024, 06:24 PM

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My celcomdigi jar still intact since I maintain pay rm20 minimum every month since it's inception biggrin.gif

Hope wont jinx it
SGSuser
post Jan 1 2025, 02:32 PM

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QUOTE(TOS2 @ Dec 31 2024, 10:44 AM)
Magic numbers from tomorrow (1nd Jan 2025) till 2nd January 2025:

2.5% DSA: Minimum 0.005*365/0.025 = 73, at increment of 0.01*365/0.025 = 146 for every extra cent of interest
3.2% normal saving jar: Minimum 0.005*365/0.032 = 57.04, at increment of 0.01*365/0.032 = 114.07 for every extra cent of interest
3.6% special saving jar: Minimum 0.005*365/0.036 = 50.70, at increment of 0.01*365/0.032 = 101.39 for every extra cent of interest
*
What's the new magic number for maximum now? Since it's 3.3% for special jars

Confused now because of 365 days

Anyway happy new year to everyone

This post has been edited by SGSuser: Jan 1 2025, 02:33 PM
SGSuser
post Jan 2 2025, 10:19 AM

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QUOTE(TOS2 @ Jan 2 2025, 10:05 AM)
Got 3 post/12 hours limit, gotta condense things a bit here.
So now we know the 2nd January 2025 ending period for the previous promo is nonsense. They can change the rate and ending period as they like. The T&C is designed to protect their interest, not yours and mine  laugh.gif

New magic numbers (for the next 6 months... Now they say the 3.3% special rate will last for 6 months, let's see...):

2.5% DSA: Minimum 0.005*365/0.025 = 73, at increment of 0.01*365/0.025 = 146 for every extra cent of interest (no max limit ***, 50k daily transfer limit cap)

3.2% normal saving jar: Minimum 0.005*365/0.032 = 57.04, at increment of 0.01*365/0.032 = 114.07 for every extra cent of interest (max limit is 1 million, but to earn interest, max needed is just 57.04 + 114.07 * 153 = 995,502.58 per jar, uhmmm let's push it further, since we will get 995,502.58 * 0.032/365 = 87.28 per day at this juncture, might as well target 87.275 per day right? Hence, the maximum principal to put in is 87.275*365/0.032 = 995,480.47)

3.3% special saving jar: Minimum 0.005*365/0.033 = 55.31, at increment of 0.01*365/0.033 = 110.61 for every extra cent of interest (max 25k for all jars excluding CelcomDigit jar's 50k. For 25k max limit case, max principal needed is 55.31 + 110.61 * 225 = 24,942.56. Let's do it again, we will earn 24,942.56*0.033/365 = 2.26 interest per day per special jar. We apply round-up trick one more time: max principal to put in = 2.255 * 365 / 0.033 = 24,941.67. I will leave it as an exercise for you to show that for the 50k CelcomDigi jar, if you are eligible, the max principal to put is 49938.64

*** after credit transfer verification, max across all balance including saving jars: RM 100,000,000, see myboostbank.co/terms-and-conditions section C, item 3)

Feel free to correct me if any of the figures above are wrong.
Last year, our friend asked if PIDM covers saving jars as well. I dug in to the T&C walls of text and found this:

i.imgur.com/4sneBBR.png (Sorry, cannot post https link and hence attach any photo in post during probation period...)
Beware of their ridiculous marketing. 3.79 % is earnings rate, you need to minus Management Fees (-) 0.5% per annum and Trustee Fees (-) 0.025% per annum to get 3.265 % p.a.

Most banks and fund houses advertise the final post-all-in-expense interest rate, Boost does not...  Kindly see: myboost.co/feature/boostmymoney (scroll down, FAQ item 7: What is "Earning Rate"?)
*
Long time no see biggrin.gif

For the special jars, I maxed both jars at 25k and 50k last night

For 25k, I get RM2.47 overnight interest
For 50k, I get RM4.93 overnight interest

SGSuser
post Jan 3 2025, 08:03 PM

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wah drop to 3%

then normal savings jar which is currently at 3.2% high chance also will drop lo
SGSuser
post Mar 13 2025, 10:18 AM

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QUOTE(Optizorb @ Mar 7 2025, 02:06 PM)
extra pocket for daily 1 cent biggrin.gif

deposit amount = RM55.31
*
Today only i realised this...late by a week

What's the maximum magic number? laugh.gif
SGSuser
post Nov 19 2025, 10:05 PM

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BoostUP Jar 4% p.a.
Maximum deposit RM3,000.

I forgot how to calculate the max magic number. Anyone can guide? laugh.gif

 

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