Does anyone know if raising the transaction limit for debit card requires a 12-hour cooling period?

I raised the limit to 5k MYR the night before yesterday to purchase a 3k laptop for my girlfriend yesterday, but the transaction failed to proceed via debit card payment. I switched to bank transfer via DuitNow and the transaction was approved.

Can you guys login to BoostBank? My screen just stuck at the login page.

Thanks guys. Around that time I had issues with the login... Now ok.

Eh, not 1st of Jan?

I remember last time Sunday also they change interest rate from 4 to 3.6% p.a. So, New Year unlikely will cause any delay, especially when reducing interest earlier is beneficial to them, at our expense...

Good catch man!

Maybe they are not so hardworking this time

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

Can login, see nothing

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

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"?)

Oh, one kind reminder... actually, yesterday and probably today. The 3.6% p.a. rate is still being applied. I put 3263 (= 55.31 + 110.61* 29) into the Celebration jar yesterday expecting to earn 30 cent interest this morning. Instead, 32 cents are credited, suggesting the formula of 3263 * 0.036 / 365 = 0.032.

So, you guys can still use the old 3.6 p.a. for special jar for one more day as they honor the 2nd Jan deadline.

For 3.6% special jar, 25k limit max principal is 24,994.37 while for 50k limit max principal is 49,934.03.

These figures are valid till 12 am tonight ONLY yea.

No T&C published despite entering a new day... They changed their rates 3 times on their websites in the span of few hours, from 3.6 to 3.0, then to 3.3, and back to 3.6... and app shows numbers of 3.3 and 3.6 randomly...

One can only pray... Hopefully Maribank and KAF will launch this year and kill them off fast...

Sorry, BoostBank kept changing rates here and there within one day, my calculations can't keep up and I made some mistake in the earlier calculations; Optizorb corrected it, thanks! And from what I check a moment ago, they insert wrong URLs for the T&C of all Sabah jars: try to click on the T&C links for the Sabah jars and they will show the celebration jar T&C instead Go check out: myboostbank.co/special-jars

Anyway, here's what we know so far:

2.5 % p.a. DSA (no deadline announced):

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 % p.a. Normal saving jar (no deadline announced, but suspect all saving jar rate will drop to 3% after 9th January, in line with the declining rate for Celebration jar after 9th January):

For now:

Minimum 0.005*365/0.032 = 57.04, at increment of 0.01*365/0.032 = 114.07 for every extra cent of interest (Normal jar max limit is 1 million, but to earn interest, max needed is just 57.04 + 114.07 * 8766 = 999,994.66 per jar, uhmmm let's push it further, since we will get 999,994.66 * 0.032/365 = 87.67 per day at this juncture, might as well target 87.665 per day right? Hence, the maximum principal to put in is 87.665*365/0.032 = 999,928.91.

Rate drop to 3% after 9th January (same with Celebration jar, see below, except deposit limit -> normal saving jar limit 1 million, Celebration jar limit 25k):

Minimum 0.005*365/0.030 = 60.84, at increment of 0.01*365/0.03 = 121.67 for every extra cent of interest (Normal jar max limit is 1 million, but to earn interest, max needed is just 60.84 + 121.67 * 8218 = 999,944.90 per jar, uhmmm let's push it further, since we will get 999,944.90 * 0.03/365 = 82.19 per day at this juncture, might as well target 82.185 per day right? Hence, the maximum principal to put in is 82.185*365/0.03 = 999,917.50.

3.6 % p.a. Special saving jar (3.6% only till 9th Jan 2025, from 10th Jan onwards Celebration/birthday jar rate dropped to 3% p.a., CelcomDigi rate dropped to 3.3% p.a., Sabah jar T&C not yet released...):

From now till 9th January 11:59:59 pm:

Minimum 0.005*365/0.036 = 50.70, at increment of 0.01*365/0.032 = 101.39 for every extra cent of interest. 25k limit max principal is 24,992.37 (you earn 2.47 MYR daily interests) while for 50k limit max principal is 49,934.03 (you earn 4.93 MYR daily interests).

From 10th Jan 12 am onwards:

3% Celebration/Birthday jar magic number follows the case mentioned above in normal saving jar paragraph

3.3% CelcomDigi and the Sabah jars:

Minimum 0.005*365/0.033 = 55.31, at increment of 0.01*365/0.033 = 110.61 for every extra cent of interest (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 and you get max daily interest of 4.52 MYR.)

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

-----------------

Useful links to check their latest updated interest rates (bookmark them if you like)

DSA: https://support.myboostbank.co/hc/en-gb/art...st-Bank-account

Normal saving jars (max 8): https://support.myboostbank.co/hc/en-gb/art...my-Savings-Jars

Special jars: https://support.myboostbank.co/hc/en-gb/cat...n-and-Campaigns (Click on "what is the campaign period" link for each jar's FAQ to check the promo period and rate)

DSA and Normal saving jar rate stated in Product Disclosure Sheet (as at 7th Jan 2025 10:10 pm GMT/UTC +8): https://myboostbank.co/sites/default/files/...et_Jan_2025.pdf

Celebration/birthday jar T&C PDF (as at 7th Jan 2025 10:02 pm GMT/UTC +8): https://myboostbank.co/sites/default/files/...ry_Jar_2025.pdf

CelcomDigi jar T&C PDF (as at 7th Jan 2025 10:02 pm GMT/UTC +8): https://myboostbank.co/sites/default/files/...mpaign_2025.pdf

Sabah jars T&C PDF (as at 7th Jan 2025 10:05 pm GMT/UTC +8): https://myboostbank.co/sites/default/files/...ia_Jar_2025.pdf

This post has been edited by TOS2: Jan 7 2025, 10:12 PM

No more 2% cashback. It ended on 31st Dec last year.

For people travelling from Sungai Petani till Arau, Perlis...

Update: the rates after 9th Jan have been removed quietly from all sections in the Q&A... T&Cs still says 3.0% after 9th Jan for Celebration Jar (and 3.3% for CelcomDigi/Sabah jars) nevertheless. Sabah jars T&C out already, also 3.3% after 10th Jan, same as CelcomDigi.

I added the Sabah jar T&C and with my probation period ended/passed, I edited all links to be clickable to make your life easier.

This post has been edited by TOS2: Jan 7 2025, 10:07 PM

Aha! The product disclosure sheet for normal saving jar has been updated: https://myboostbank.co/sites/default/files/...et_Jan_2025.pdf

After 10th Jan, confirmed all 8 normal saving jars plus Celebration jar will have interest rate of 3% p.a.

Now that the rates are finalize after 10th Jan., let me clean things up. Here's what we know so far:

2.5 % p.a. DSA (still true after 10th Jan, no deadline announced, check updated rate on product disclosure sheet, link at bottom of post):

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 % p.a. Normal saving jar (all 8 normal saving jar rate will drop to 3% after 9th January, in line with the declining rate for Celebration jar after 9th January):

From now till 9th January 11:59:59 pm:

Minimum 0.005*365/0.032 = 57.04, at increment of 0.01*365/0.032 = 114.07 for every extra cent of interest (Normal jar max limit is 1 million, but to earn interest, max needed is just 57.04 + 114.07 * 8766 = 999,994.66 per jar, uhmmm let's push it further, since we will get 999,994.66 * 0.032/365 = 87.67 per day at this juncture, might as well target 87.665 per day right? Hence, the maximum principal to put in is 87.665*365/0.032 = 999,928.91.

From 10th Jan 12 am onwards:

Rate drop to 3% (same with Celebration jar, see below, except deposit limit -> normal saving jar limit 1 million, Celebration jar limit 25k)

Minimum 0.005*365/0.030 = 60.84, at increment of 0.01*365/0.03 = 121.67 for every extra cent of interest (Normal jar max limit is 1 million, but to earn interest, max needed is just 60.84 + 121.67 * 8218 = 999,944.90 per jar, uhmmm let's push it further, since we will get 999,944.90 * 0.03/365 = 82.19 per day at this juncture, might as well target 82.185 per day right? Hence, the maximum principal to put in is 82.185*365/0.03 = 999,917.50.

3.6 % p.a. Special saving jar (3.6% only till 9th Jan 2025, from 10th Jan onwards Celebration/birthday jar rate dropped to 3% p.a., CelcomDigi and Sabah jar rate dropped to 3.3% p.a.):

From now till 9th January 11:59:59 pm:

Minimum 0.005*365/0.036 = 50.70, at increment of 0.01*365/0.032 = 101.39 for every extra cent of interest. 25k limit max principal is 24,992.37 (you earn 2.47 MYR daily interests) while for 50k limit max principal is 49,934.03 (you earn 4.93 MYR daily interests).

From 10th Jan 12 am onwards:

3% Celebration/Birthday jar magic number follows the case mentioned above in normal saving jar paragraph, but with 25k limit. Max principal to put in should be 24880.84 to earn 2.05 MYR interest per day, after 10th Jan.

3.3% CelcomDigi and the Sabah jars:

Minimum 0.005*365/0.033 = 55.31, at increment of 0.01*365/0.033 = 110.61 for every extra cent of interest (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 and you get max daily interest of 4.52 MYR.)

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

-----------------

Useful links to check their latest updated interest rates (bookmark them if you like)

DSA: https://support.myboostbank.co/hc/en-gb/art...st-Bank-account

Normal saving jars (max 8): https://support.myboostbank.co/hc/en-gb/art...my-Savings-Jars

Special jars: https://support.myboostbank.co/hc/en-gb/cat...n-and-Campaigns (Click on "what is the campaign period" link for each jar's FAQ to check the promo period and rate)

(Future) rates may also be stated in the product disclosure sheet (for DSA and normal saving jar) and T&Cs (for special jars):

DSA and Normal saving jar rate stated in Product Disclosure Sheet: https://myboostbank.co/sites/default/files/...et_Jan_2025.pdf

Celebration/birthday jar T&C PDF: https://myboostbank.co/sites/default/files/...ry_Jar_2025.pdf

CelcomDigi jar T&C PDF: https://myboostbank.co/sites/default/files/...mpaign_2025.pdf

Sabah jars T&C PDF: https://myboostbank.co/sites/default/files/...ia_Jar_2025.pdf

(All PDF links as at 7th Jan 2025 10:40 pm GMT/UTC +8)

This post has been edited by TOS2: Jan 7 2025, 10:46 PM

That's for the super calculative ones.

As Wall Street says, you gotta be "efficient". Every cent counts yea.

Good morning. From today onwards:

2.5 % p.a. DSA (check updated rate in product disclosure sheet if there are any changes, link at bottom of post):

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)

Previously 3.2 % p.a. Normal saving jar (all 8 normal saving jar rate will drop to 3% after 9th January, in line with the declining rate for Celebration jar after 9th January):

Rate drop to 3% (same with Celebration jar, see below, except deposit limit -> normal saving jar limit 1 million, Celebration jar limit 25k)

Minimum 0.005*365/0.030 = 60.84, at increment of 0.01*365/0.03 = 121.67 for every extra cent of interest (Normal jar max limit is 1 million, but to earn interest, max needed is just 60.84 + 121.67 * 8218 = 999,944.90 per jar, uhmmm let's push it further, since we will get 999,944.90 * 0.03/365 = 82.19 per day at this juncture, might as well target 82.185 per day right? Hence, the maximum principal to put in is 82.185*365/0.03 = 999,917.50.

Previously 3.6 % p.a. Special saving jar (from 10th Jan onwards Celebration/birthday jar rate dropped to 3% p.a., CelcomDigi and Sabah jar rate dropped to 3.3% p.a.):

3% Celebration/Birthday jar magic number follows the case mentioned above in normal saving jar paragraph, but with 25k limit. Max principal to put in should be 24880.84 to earn 2.05 MYR interest per day, after 10th Jan.

3.3% CelcomDigi and the Sabah jars:

Minimum 0.005*365/0.033 = 55.31, at increment of 0.01*365/0.033 = 110.61 for every extra cent of interest (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 and you get max daily interest of 4.52 MYR.)

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

-----------------

Useful links to check their latest updated interest rates (bookmark them if you like)

DSA: https://support.myboostbank.co/hc/en-gb/art...st-Bank-account

Normal saving jars (max 8): https://support.myboostbank.co/hc/en-gb/art...my-Savings-Jars

Special jars: https://support.myboostbank.co/hc/en-gb/cat...n-and-Campaigns (Click on "what is the campaign period" link for each jar's FAQ to check the promo period and rate)

(Future) rates may also be stated in the product disclosure sheet (for DSA and normal saving jar) and T&Cs (for special jars):

DSA and Normal saving jar rate stated in Product Disclosure Sheet: https://myboostbank.co/sites/default/files/...et_Jan_2025.pdf

Celebration/birthday jar T&C PDF: https://myboostbank.co/sites/default/files/...ry_Jar_2025.pdf

CelcomDigi jar T&C PDF: https://myboostbank.co/sites/default/files/...mpaign_2025.pdf

Sabah jars T&C PDF: https://myboostbank.co/sites/default/files/...ia_Jar_2025.pdf

(All PDF links as at 10th Jan 2025 1 am GMT/UTC +8)

This post has been edited by TOS2: Jan 10 2025, 01:03 AM

Completely insane, they update their rates during office hours on the last working day of the week....



Streamlined experience? Cut rates by 20 to 60 basis points sounds like a streamlined experience?



This post has been edited by TOS2: Jan 10 2025, 09:07 AM

Thanks for the heads-up. Now can transfer money out. Left 73 MYR in DSA, 60.84 in all remaining 8 jars and Celebration jar.

Time to go back to good old Rize (maybe not so good in December 2023...)