back to Rize

why u left? GX Bank?
anyway rize not much action - they need to give some goodies / promo other than 3.8%

pretty sure it's Rize --> GX Bank --> Rize

It's the merry-go-round

i guess a lot of 50k moving out of GX Bank as off today due
because of GXBank i believe ppl start to know Rize as well...

Frm Gx to Rize for 3.8% bcoz Gx promo end. Then HLB sent invitation 4.5% in SA thus frm Rize move to HLB....haiya....so troublesome....can refer to FD forum for info regarding HLB promo

same. from rize > Gxb > rize > hlb

i dont have hlb SA , but my brother & sis in law got hlb SA and received the notification as well. So i tumpang them and put 50k each.

Rize really need to step it up lor. Losing customers for 3 months in a row dy. gx and now hlb back to back

This post has been edited by Optizorb: May 10 2024, 05:56 PM

Just curious for people here. Why Rize and not KDI? 3.8% vs 4%

Rize saving pocket. May i know is it 3.8% in each pocket?

KDI 4% is EIR after compounding for the whole year. so in actual is slightly lower than 4% daily. around 3.93% iirc

- rize offers flexibility can in-out-in-out instantly so the difference of lower 0.13% is negligible and its worth it for some (provided rize system no suddenly cuckoo or you unlucky to be affected when you actually need to depo/withdraw money)

KDI can technically withdraw same day, but not instantly to make payments so you have to wait for funds to enter at evening/night time. And still not guaranteed in case anything wrong with system. as per their TNC it says t+1, so can go up to next day as well.

- to some PIDM protection is important, rize is PIDM protected and KDI is not.
for me not so important cause Kenanga seems like a big enough company and wont suddenly go bust out of the blue.

This post has been edited by Optizorb: May 10 2024, 05:50 PM

yes. same rates whether in pocket or not in pocket

Noted ty

You know right that 4% is actually not 4%
Typical marketing strategy...

Not to say it's not good... But we got our reason why not significant $$$ into KDI....

Another thing is Instant $$$ upon withdrawal.... If there's no issues to Rize system

And the well known Protection on the name of PIDM (actually not really main reason to celebrate, but just sake of giving some comfort to ourselves knowing the $$$ is protected)....

I remember kdi 4% is for 1st 30k or 50k
Never really explore kdi

KDI has nominal rate of 3.92228% p.a. (which is always lower than EAR) for 1st RM50k

This post has been edited by ronnie: May 11 2024, 05:42 PM

previously Rize -> GX , promo rate.
nw no promo 5% back to 3%.
so move back Rize 3.8%.

As for Rize,
i won once their RM300 campaign prize for incremental balance .

Rize promote their 3.8% p.a "still the best rate in town".

seemed its no longer the case for another month or so

This post has been edited by sjz: May 12 2024, 11:03 AM

Does Rize provide any cashback like GX. I gain quite a bit with GX on my daily purchases

nope no 1% cashback with RIZE debit card spends...

I just registered on Rize and added rm20 to activate the account.

Will there be no visible daily interest because amount is so low ?

Rize show interest end of month not daily

If I create the saving pocket. Will the 3.8% reflect into the pocket or just the saving account or both?

This post has been edited by yungkit14: May 13 2024, 09:12 AM