Only works when your customer base is small. Imagine you are Maybank calling up customers on their online transfers...

Rize is downed for "maintenance" from 430am to 830am this morning. After the "maintenance", I am unable to transfer money out using duitnow. Called support. Agent said they are aware of the issue. Dunno when it will be fixed. There is yet another scheduled maintenance in the afternoon.

If drop to 3.5% still ok la...
If drop till like 2% then GG

Alternative?
Boost 4%

Follow US Fed ? drop 50bps?

Why would it be drastic? Have other banks FD and savings promo dropped a lot since FED cut?

RIZE also has a history of no more than 20 bp cut each reduction.

I'm trying to be positive

If they just wanted to mine names, yeah, maybe they have achieved something.

But most of us are in for their high savings rates, and will move our funds out if their rates are no longer competitive. If they don't mind losing a big chunk of their deposits...

i think mayb 3.6% looking at their trend.
as Tng Go+ is offering 3.41%.

so they need to offer more than that to be one of the best rate

3% only is my guess from 1-10-2024 onwards

My guess is 3.8% HAHAHAHA. Finger crossing.

To be honest, if they want market share, can just go 3.8% , but cap at certain limit.

It looks like a 5 to me

1 also not muat..3 only

Rize has left the rate decision very late this round.

If there is a big rush of transfers out tmr, dunno if their creaky system can cope, based on past experience.

Yup. Another possibility is funds transferred out successfully, but hanging somewhere, and didn't arrive at destination bank.

So little?
Even lesser than moomoo money market fund which provide daily return.  3.6%p.a.