How can increase more than 50k? It tried to change the "DuitNow Pay to Account and Pay to Proxy" to more than 50k but it mentioned exceed maximum limit.

50k is already max per transfer limit

rize still not yet announced what is the new rate for October..

haiyaa

Probably Friday only do announcement 😔

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

Need to wait lorh...

But I feel like the drop could be drastic one 🧐🤔

Alternative?
Boost 4%

Follow US Fed ? drop 50bps?

Yes, good choice but it's for special jar...
Savings just around 2.5%

Possibly to happen??
Or more

Now all pure speculation...
They also might be headache to set the rates...
Must be acceptable & not burn more $$$ too...

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

Because they burning alot of $$$ now?? To capture market shares...

Now already stabilized... So don't need high interest rates anymore

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...

My biggest question is...

How long can they give high interest rates? In the end, they need to reduce also...

Cannot be forever high rates....

And another 2 digital bank not yet on board.... Somehow sure would lose deposit & customers...

if you really need to
can trf more than that
with approval from Rize of course..


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"per transaction" limit is still RM50k le

any idea the interest rate will remain or drop?
if drop go to kdi lor

My Rize account finally closed today. They sent me back my RM40 + 12 cents interest back to my GXBank account.



To those of you suggesting my name blacklisted, nope that's not it. I registered to many banks online and offline already, no problems whatsoever. This is the first time something like this happen.

I think the mistake I did is first depositing with GXBank. Their system then flagged me as suspicious and the staff too lazy to do anything despite me depositing for a second time with Maybank, when instructed to do so by customer support.

The Rize app should have a warning beforehand - no digital banks for first time deposit. AEON bank app has this warning, I heeded it and that's why I had no problems registering to AEON bank.

Keep calm, and keep saving.

We know you’re waiting for the latest Rize Savings Account-𝘪 profit rate.

While we can’t promise the world, we are working hard to still give you one of the best offers in town!

Mark your calendar for 1 October 2024 – exciting news is coming.

rate dropping then. question is drop to how much only..