BoostBank - By Axiata & RHB, Digital Bank of Malaysia
BoostBank - By Axiata & RHB, Digital Bank of Malaysia
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Nov 1 2024, 07:00 AM
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#1
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
My birthday jar money automatically withdrawn to DSA, but missing the interest for 31st October
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Nov 1 2024, 07:25 PM
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#2
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
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 |
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Nov 2 2024, 06:11 AM
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#3
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
QUOTE(TOS @ Nov 1 2024, 06:59 PM) To further enhance this info: Just a quick question, are we supposed to get daily interest of RM2.74 or RM2.73 from that amount?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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Nov 16 2024, 04:44 PM
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#4
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
Anyone savings interest in the celcomdigi jar not affected, despite not paying the monthly rm20 minimum amount using boost app?
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Dec 1 2024, 09:07 AM
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#5
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
QUOTE(TOS @ Dec 1 2024, 12:54 AM) Android users update your BoostBank app. For 3.6% jars, the minimum amount to get maximum interest is it RM24,959.17?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. 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) Sorry if my calculation is quite off |
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Dec 1 2024, 11:17 AM
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#6
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
QUOTE(TOS @ Dec 1 2024, 10:48 AM) I recheck back posts from early November for 3.6% jar, the maximum was RM24,959.17But this time it's RM24,959.99? Am confused TOS liked this post
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Dec 1 2024, 06:24 PM
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#7
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
My celcomdigi jar still intact since I maintain pay rm20 minimum every month since it's inception
Hope wont jinx it |
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Jan 1 2025, 02:32 PM
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#8
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
QUOTE(TOS2 @ Dec 31 2024, 10:44 AM) Magic numbers from tomorrow (1nd Jan 2025) till 2nd January 2025: What's the new magic number for maximum now? Since it's 3.3% for special jars2.5% 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 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 |
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Jan 2 2025, 10:19 AM
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#9
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
QUOTE(TOS2 @ Jan 2 2025, 10:05 AM) Got 3 post/12 hours limit, gotta condense things a bit here. Long time no see 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 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"?) 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 TOS2 liked this post
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Jan 3 2025, 08:03 PM
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#10
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
wah drop to 3%
then normal savings jar which is currently at 3.2% high chance also will drop lo |
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Mar 13 2025, 10:18 AM
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#11
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
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Nov 19 2025, 10:05 PM
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#12
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Senior Member
2,448 posts Joined: Jul 2010 From: 4.2105° N, 101.9758° E |
BoostUP Jar 4% p.a.
Maximum deposit RM3,000. I forgot how to calculate the max magic number. Anyone can guide? |
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