QUOTE(TOS @ Sep 18 2024, 06:11 PM)
Looking to hire some white mice to confirm the calculations.
The "experiment" will last for one week...
So, I am proposing 3 magic numbers here to test out:
Normal saving account: 73.20 MYR
Normal saving jar: 50.84 MYR each (up to maximum of 8 jars)
Special saving jar: 45.75 MYR (per jar)
7 days later, each jar/saving account will give you 0.07 MYR, if the FAQ is correct.
Feel free to correct me if my calculation is wrong yea. I am now in SG can't download BoostBank app, will try out when I go back tomorrow.
» Click to show Spoiler - click again to hide... «
So, I am proposing 3 magic numbers here to test out:
Normal saving account: 73.20 MYR
Normal saving jar: 50.84 MYR each (up to maximum of 8 jars)
Special saving jar: 45.75 MYR (per jar)
7 days later, each jar/saving account will give you 0.07 MYR, if the FAQ is correct.
Feel free to correct me if my calculation is wrong yea. I am now in SG can't download BoostBank app, will try out when I go back tomorrow.
QUOTE(sam93xxxxx @ Sep 20 2024, 01:57 PM)
Yup, it's similar to GX Bank where interest calculated daily, but interest given on weekly basis based on the day you put in. The first day u deposit is counted as Day 1. Until Day 8, you will receive the interest for the 1st week.
Based on my observation, it will be rounded up only after calculation of 7 days.
I manage to get RM 0.04, after 7 days of putting RM 50.90 in one saving jar.
The calculation of interest is
RM 50.90 * 7/366 * 3.6% = RM 0.035045901639344262
Rounded up to 2 decimal places, I've got RM 0.04 interest.
So I deposit what TOS suggest above, after one which is today, I get 4 cents of interest for each saving jar.Based on my observation, it will be rounded up only after calculation of 7 days.
I manage to get RM 0.04, after 7 days of putting RM 50.90 in one saving jar.
The calculation of interest is
RM 50.90 * 7/366 * 3.6% = RM 0.035045901639344262
Rounded up to 2 decimal places, I've got RM 0.04 interest.
Sep 25 2024, 08:53 PM

Quote
0.0142sec
0.69
7 queries
GZIP Disabled