Sifus, just want to confirm. Is the welcome promotion still available? Until 30th August this year?

This post has been edited by soulreap: Jun 26 2024, 05:10 PM

Huh, savings account-i interest rate went down to 0.25% from 0.88% somemore...:sigh:

Guess promotion finally over d...

This post has been edited by soulreap: Jun 1 2025, 09:58 PM

Aeon to start charging annual service fee for debit card starting 23rd Sept, 8 ringgit like usual.

Hmmm, time to ask to deactivate? Is it worth to hold the card any longer if I'm not even using it/have the other aeon card already?

Wasn't it waived before this?

Depends on what you want. Reminder that all Aeon bank's interest is credited monthly only so calculation is not "divided by 365(days)" only but with an additional "times 30(days)", including both main account and saving pockets.

The saving pockets do not round off .005 daily but retains the value with exception unless the .005 is on the last day of the month. Personally, I just left 24.34 in the main acc and 2.03 in 20 pockets

I mean, its true that the 0.25%pa is miniscule and by not putting the 4.34 in you are raising the interest rate to 3.96%pa

In my opinion, the 20 we have stuck in the main account is generating 0.004 regardless anyhow at the end of the month and since its below the 0.005 mark, we give it up to the bank. With the extra 4.34, it gets pushed up to 0.005 which is then round off to 0.01 into OUR account

By calculation, 4.34 generating 0.01 sen interest per month is approximately 2.76%pa interest rate anyways which is around the current OPR board rate and in my opinion, unless we can find banks that can offer rate higher than 4.15%pa (which will give a yield of 0.015 for 4.34), its not going to make much of a difference no matter where we put it :shrug:

That's why I'm putting small amounts to push up the minimum in all my bank accounts. Just my personal opinion anyways.

On a side note, if you guys are interested in still earning the 20 sen from pockets this month and have a bit of extra cash on hand, you will need ~3.05 in each pocket if you start tomorrow (i'm calculating as a duration of 20 days).

Main account calculation is a bit on the higher side so not really worth it already.

You can then adjust one the 1st next month.