Damn I am in SG can't open AEON Bank account... Any way to bypass the geographical restriction on Play Store?

Finally returned to Malaysia, so now can use AEON Bank. Just to check my maths.

Condition: I now have AEON Bank and GX Bank (no Rize).

The way I maximize my profit is:

1. AEON Bank: 47.17*21 = 990.57 (effective rate = 3.88*2 = 7.76% p.a.)

2. GX Bank: 61*11 = 671 (effective rate = 3*2 = 6% p.a.)

Then the leftover ones will go into AEON Bank again...

So now the AEON Bank effective rate will drop to 0.02/0.015*3.88 = 5.17% p.a. and the minimum amount to earn 0.02 cent interest (per pocket) will be 0.015*366/0.0388 = 141.49 MYR per pocket.

All I have to do is to bring up some of the original 21 pockets from 47.17 MYR to 141.49 MYR to gain some more "cents" though with a reduced effective interest, assuming I don't wanna bother with Rize or other products.

Hope my maths are all correct. Thanks for checking.

This post has been edited by TOS: Jun 7 2024, 08:42 AM

Ah ok. So the recommended way for putting money in AEON would be the 47.17*21? (That one rounds up from 0.005 to 0.01)

I am betting that the round up every day and deposit only at the end of the month (i.e,, they withhold the interest temporarily only)

Anyone works at back office of AEON Bank can give tipsy?

This post has been edited by TOS: Jun 7 2024, 08:50 AM

Boleh boleh. Thanks guys. So I will do 20*47.17 + the rest in AEON Bank main account then.

This post has been edited by TOS: Jun 7 2024, 09:05 AM

Same impression too from a user's experience.

But interest rate wise AEON > GX...

No plans to use Boost for now.

Just to check for Be U Qard Savings Account-i, interests are paid daily or once a month?

The terms and conditions don't specify the hibah crediting frequency...

https://getbeu.com/legal-documents



This post has been edited by TOS: Jul 2 2024, 07:38 PM

Err you are referring to the Be U Term Deposit-i right? That's like FD, the rates are also stated already: https://getbeu.com/product/Be-U-Term-Deposit-i

My question earlier refers to the QSA-i: https://getbeu.com/product/Be-U-QSA

According to QSA's terms and conditions they do pay interests, but they don't show the rates nor the frequency of crediting: https://media.getbeu.com/QSA_tnc_0c31e59ddb.pdf



Do you know the QSA-i saving rates/crediting frequency?

If rates are low like 2.5-3% p.a. but credited daily then we can use the GX bank round-up trick to double the effective rate.

Hence my question.

Oh so Be U QSA-i have no interest, it's just the islamic FDs that have interests. Got it!

AEON Bank July interests credited.

Source: https://theedgemalaysia.com/node/720881

We shall make them bleed more money!

This post has been edited by TOS: Aug 10 2024, 04:15 PM

Patience!

Malaysians like to do things last minute

I am keeping a close eye on the promotions as well...

Yea, gonna bookmark the page leading to the FAQ: https://www.aeonbank.com.my/faq?tab=Promotions

All eyes on the URL link...

Problem still not solved this morning. Anyone can help verify if they could login?

I think they just screw everything up. Like Rize December last year... later check if got negative account balance or not

Followed by mass withdrawals...

This post has been edited by TOS: Aug 27 2024, 08:14 AM

Finally, Rize in the making. December 2023 all over again.

GX Bank steady eh. Now we can understand why AEON pays 80 basis points per annum more than GX.

Because you have to deal with all this uncertainty...

Nope. Device linking unsuccessful.

Now shit hits fan. AEON is in big trouble.

Yup, confirm can login liao. Account balance looks ok. No negative balance...

Tried transferring money to Rize, all ok. No problems, no delay, no 12-hr cooling period.

Done on Android phone.

Wow you contacted CS liao?

He is afraid later tomorrow mass withdrawal will crash the system like a few days ago

https://assets.aeonbank.com.my/Terms_and_Co..._f6c9023e1c.pdf

3% p.a.

Time to move out!