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Banking MY Al-Rajhi - Digital Banking (fka Rize), Profit Rates up to 3.60%. Paid monthly

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Sotsotzaii
post Oct 8 2024, 10:44 AM

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Hello, question here. I'm using GX Bank as well, got exact amount there to earn the 4% interest, but before I knew about this, I used to put all my monthly savings continuously into GX bank, but that would mean I only earn 2% interest.

I was told to either put my remaining savings or monthly savings thereon into either Go+ / Rize / Boost.

My question is, is Rize overall stable ? Is it better to put my monthly savings and leave it there in Rize or in GX Bank ? Do I have to put certain amount into Rize's saving pot like in GX Bank ?
Sotsotzaii
post Oct 24 2024, 10:51 AM

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Anyone can give some feedback ? Currently deciding between GX Bank & Rize ( already using both ). But plan to permanently put my every month's portion of saving into either this 2 banks.

As I'm told, to earn GX's bank full interest, must stick to a certain amount and cannot exceed, whereby to earn full interest for Rize, any amount also can, currently seems like Rize provides higher interest than GX, so is Rize still the top choice at the moment ?

My priority and goal is to put my monthly savings consistantly into either bank and just don't bother, only to withdraw when I want to buy something for myself or whenever I need it, so which will be a better option for my case ?
Sotsotzaii
post Jan 13 2025, 11:45 AM

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Hi all, as of Jan 2025, for long-term savings ( just put money in every month and don't bother ), currently is Rize still better than GX / Boost ?
Sotsotzaii
post Jan 13 2025, 12:27 PM

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QUOTE(cybpsych @ Jan 13 2025, 12:01 PM)
me doing with rize

because:

1) easier to use rize to do transfer to other banks/credit cards, etc ... albeit the newer app a bit slow when loading  mad.gif

2) savings rate is ok, difference with other digibank is not much for my savings, which fluctuate every few days anyway.
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thanks for the feedback, are u having troubles clicking anything at all on the home page ? I can't seem to click anything but the other tabs is fine.
Sotsotzaii
post Jan 14 2025, 03:40 PM

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QUOTE(LostAndFound @ Jan 14 2025, 08:39 AM)
Rize and other digital are not suitable for long term don't bother thinking about it savings. Because guaranteed sometime soon they will change the interest rate, if you really don't bother and leave it there you will lose out. Long term don't bother is just ASB (if bumi, otherwise ASM), EPF, and cycling FD. No need to think.
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I get that but other than putting it there long term and every month deposit a fix amount, I also want to be able to withdraw any amount i may need at any time, so any other better options ?

 

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