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Banking AEON Bank Malaysia, Malaysia's First Digital Islamic Bank

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ronnie
post Sep 1 2024, 05:07 PM

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QUOTE(rocketm @ Sep 1 2024, 05:02 PM)
May I know for the saving pot is the profit will be calculate daily and distribute to user monthly?

If I create and place RM10K fund to a saving pot on 01/09/2024 and I withdraw the saving pot on 13/09/2024.
Is my profit is calculate daily from 01/09/2024 to 13/09/2024 and will distribute to me on 30/09/2024?
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yes
Arsyad1105
post Sep 1 2024, 07:49 PM

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Does Interest counted if I put the money liike a minute before 12am? Want to do the trick to get 3%. Not moving to Rize because the app is problematic for me and already closed the account.
leanman
post Sep 1 2024, 08:31 PM

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QUOTE(Medufsaid @ Sep 1 2024, 04:57 PM)
Aeon bank knows GX promo will still go on until end of 2024, still can only give promo until Aug 31. means they don't have enough cash to burn.

was expecting 0% interest and 1x Aeon pts per RM1 spent, now 0.88% is considered good already (by my expectation)
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If really 0% no sane person will put money there. Any saving account Lai’s would give you some %
Zaryl
post Sep 1 2024, 08:36 PM

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QUOTE(pilot35 @ Sep 1 2024, 04:42 PM)
AEON bank not worth it anymore.

3.88% to 0.88% per annum.

1.5% cashback to 0.5%.

Shame, I just ordered my physical debit card expecting the rates to at least only be reduced slightly, but not this much.

Won't be closing my account, but will definitely withdraw all my money.
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0.88% for main saving
3.00% for the saving pots

so technically still 3.88% yes?

except now main saving not getting 3.88%, on top of the saving pots as well.

I decided to still keep in AEON.
already have RiZe though.

not interested in GX bank as it's not compliance for "orenj kito", if you get my meaning.
Medufsaid
post Sep 1 2024, 09:04 PM

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Zaryl not 3.88%. i give example

acct utama pot 1
modal RM1000RM1000
untungRM8.80RM30
jumlahRM2038.80

effective rate = RM2038.80 / RM2000 = 1.0194 = 1.94%
ahucks
post Sep 1 2024, 09:31 PM

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QUOTE(Zaryl @ Sep 1 2024, 08:36 PM)
0.88% for main saving
3.00% for the saving pots

so technically still 3.88% yes?

except now main saving not getting 3.88%, on top of the saving pots as well.

I decided to still keep in AEON.
already have RiZe though.

not interested in GX bank as it's not compliance for "orenj kito", if you get my meaning.
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mana boleh kira mcm tu bang.. btw aku dh transfer balik ke Rize. However promo 3.8% is until 30 sept. 1 oct we wait n see la..
Zaryl
post Sep 1 2024, 09:45 PM

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QUOTE(ronnie @ Sep 1 2024, 09:30 PM)
If that's how "orenj kito" calculate, better go back to Maths class.  confused.gif  blink.gif  blush.gif
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Still learning though, so please teach me on how to get exact profit calculations.


But then again, I'm not too keen on getting "too perfect" profits calculations at the end of the day.

I simply park certain amount of money, getting enough profits, even if the numbers doesn't really tally to 100.9999999% accuracy, then it's good enough already for me.
I ain't no maths or economic professor so yeah.

and i have another investment drivers to reap all the profits and I can say the same for the rest of you sifus here.
AEON is definitely not my main focus but it's good to have diversity.
cclim2011
post Sep 1 2024, 09:52 PM

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QUOTE(Zaryl @ Sep 1 2024, 09:45 PM)
Still learning though, so please teach me on how to get exact profit calculations.
But then again, I'm not too keen on getting "too perfect" profits calculations at the end of the day.

I simply park certain amount of money, getting enough profits, even if the numbers doesn't really tally to 100.9999999% accuracy, then it's good enough already for me.
I ain't no maths or economic professor so yeah.

and i have another investment drivers to reap all the profits and I can say the same for the rest of you sifus here.
AEON is definitely not my main focus but it's good to have diversity.
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just put everything into pots everytime and leave rm20 in main. max you can get is 3%, not counting the rm20 in main.
pengembara.jalan
post Sep 1 2024, 10:11 PM

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AEON bank is always not transparent like their Aeon CC cash back. Wasting $ aiming for its 3.88% pa. Really stupid to believe them. They will put so many hidden T&C and makes the calculations so complicated to confuse and reduce the interest/ profit rate. You won’t know until end mth when it’s too late.
hye
post Sep 1 2024, 10:37 PM

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Members, I'll make this reminder one more time and be prepared for strong consequences management from here on.

Keep your discussion on the topic of this forum without raising (not even a pinch) a word that smells cultural, racial and religion. I won't name the specific member here which started the conversation for now but I won't be spare anyone the next time. Discussions are fine (even strong discussions) but anything that that crosses the 3R borders are not tolerated for whatsoever reasons in this section..

Decisions on finance are made in your own capacity and you own the risks/rewards that comes with it. Nobody wants to know or give a damn what your reasons are - avoid from being ridiculed from your careless statements.

This post has been edited by hye: Sep 1 2024, 10:48 PM
Lancer07
post Sep 2 2024, 07:41 AM

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Transferred my fund back to Rize

Save the hassle and not interest to get 0.88% + 3%0(saving pot)
pilot35
post Sep 2 2024, 09:07 AM

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QUOTE(Zaryl @ Sep 1 2024, 08:36 PM)
0.88% for main saving
3.00% for the saving pots

so technically still 3.88% yes?

except now main saving not getting 3.88%, on top of the saving pots as well.

I decided to still keep in AEON.
already have RiZe though.

not interested in GX bank as it's not compliance for "orenj kito", if you get my meaning.
*

No. Saving pot is saving pot. Main account is main account.

The max you can get from AEON bank is 3%, assuming you just keep everything in savings pot.

But then you need to withdraw to main account everytime you want to use your money. Leceh lah macam tu.

If you're only using it for long term savings, ok lah. But the reason I (and many others) registered to AEON bank is for daily spending.
TSnexona88
post Sep 2 2024, 09:19 AM

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QUOTE(Medufsaid @ Sep 1 2024, 09:04 PM)
Zaryl not 3.88%. i give example

acct utama pot 1
modal RM1000RM1000
untungRM8.80RM30
jumlahRM2038.80

effective rate = RM2038.80 / RM2000 = 1.0194 = 1.94%
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Don't bother...

These things / calculations you post bring no purposes at all...

Just leave him alone & his financial decisions

This post has been edited by nexona88: Sep 2 2024, 10:43 AM
togekiss
post Sep 2 2024, 09:24 AM

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QUOTE(pengembara.jalan @ Sep 1 2024, 10:11 PM)
AEON bank is always not transparent like their Aeon CC cash back. Wasting $ aiming for its 3.88% pa. Really stupid to believe them. They will put so many hidden T&C and makes the calculations so complicated to confuse and reduce the interest/ profit rate. You won’t know until end mth when it’s too late.
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i didn't know they're so sneaky like that
Medufsaid
post Sep 2 2024, 09:29 AM

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QUOTE(nexona88 @ Sep 2 2024, 09:19 AM)
Don't bother...
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he has rize. that one is islamic banking also

and i think u better delete that explanation... sure kena warn kau kau

This post has been edited by Medufsaid: Sep 2 2024, 09:35 AM
Zaryl
post Sep 2 2024, 09:55 AM

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QUOTE(hye @ Sep 1 2024, 10:37 PM)
Members, I'll make this reminder one more time and be prepared for strong consequences management from here on.

Keep your discussion on the topic of this forum without raising (not even a pinch) a word that smells cultural, racial and religion. I won't name the specific member here which started the conversation for now but I won't be spare anyone the next time. Discussions are fine (even strong discussions) but anything that that crosses the 3R borders are not tolerated for whatsoever reasons in this section..

Decisions on finance are made in your own capacity and you own the risks/rewards that comes with it. Nobody wants to know or give a damn what your reasons are - avoid from being ridiculed from your careless statements.
*
Sorry I admit my mistake earlier.

Will try not to include any potential 3R keywords anymore.

let's continue to financially discuss about AEON like gentlemen.

Medufsaid
post Sep 2 2024, 10:21 AM

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Zaryl no your post still ok. Mods deleted the offensive post already

This post has been edited by Medufsaid: Sep 2 2024, 10:21 AM
TSnexona88
post Sep 2 2024, 10:47 AM

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QUOTE(Medufsaid @ Sep 2 2024, 09:29 AM)
he has rize. that one is islamic banking also

and i think u better delete that explanation... sure kena warn kau kau
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Yes. Saw that point too....

Well you see the warning post given.... It's clearly stated... No body give damn on your financial decisions and risk is yours only...
jacklsw86
post Sep 2 2024, 11:06 AM

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Bye bye AEON bank. Nowadays really tough to compete in digital banking if companies don't want to burn their profits biggrin.gif
TSnexona88
post Sep 2 2024, 11:56 AM

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QUOTE(jacklsw86 @ Sep 2 2024, 11:06 AM)
Bye bye AEON bank. Nowadays really tough to compete in digital banking if companies don't want to burn their profits biggrin.gif
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I feel they already did their research market...

They might feel that even with low rates given, there's would still be demand for their products...

Because??? Well... They're same with Rize in term of policies.... If you get what I'm trying to say..... I give more details... Then might be touching borderline R&R...

So basically I'm saying
Got 2 option for these groups of people.... AEON Bank & Rize... For now 👌💰

This post has been edited by nexona88: Sep 2 2024, 11:57 AM

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