Ryt is 1.2%...

pay with ryt card - get 1.2% cashback . better than gxbank 1%
withdrawal ryt charge rm12.
gxbank promo till end this Nov

the notification can terkejut people one

wonder why they choose this kind of notification sound

Lol just as i suspected... There would be a glaring flaw in the way Ryt deals with the daily interest..

#1 Because they use a residual balance system, and calculate each savings pocket separately. Theoretically each savings pocket has/follows its own ledger
#2 They upfront you the first round up

Results:
#3 If you were to create 9 pockets named 1-9 on Day 1 with 60.84 deposit and received 1 cent in each pocket for a total of 9 cents..
Then on Day 2, close Pocket 1-9..Create another 9 pockets named 1A-9A on Day 2 with 60.84 deposit.. You will again receive 1 cent in each pocket, totaling 9 cents.

Keep creating and closing pockets and Ryt's residual balance system will be completely moot as it never catches up to you.
And this is just going to make their database/spreadsheets/tracking one huge giant mess.

Whether it's worth doing or not depends on whether you really really want that 4.5 cents gain.
60.84 * 9 = 547.56
Dumping it all into 1 pocket: 547.56 * 3% /365 = 0.045
Creating/Closing pockets daily to get the rounding: 547.56 * 6% /365 = 0.09

This post has been edited by Optizorb: Aug 21 2025, 01:08 AM

This is for physical swipe not virtual (online ) swipe.

so we earn their half sen and close and re-open... rinse and repeat hahaha

This post has been edited by ronnie: Aug 21 2025, 07:39 AM

foreign exchange fee waived or not?

0 conversion fee

If I place an amount and is unaware that the system does round down, I wonder if it also keep the residual balance. If it does not, the effective rate gets reduced unknowingly?

Well done mate, you might be up to something. So the idea is to close and reopen pockets on every alternate day right for a 6% p.a. earning?

Can we do that with 182.50 as well?

They think they are smart, now we are ready to show them who games the system better

just for 1 sen and want to do this everyday. u must be so free.

someone should try it..and see if they keep the residual in the back end

already tried. closed and open 9 pockets yesterday and gotten 9 cents today..

can do that for any amount that have rounding.

if you going to open/close pocket, then need to do every day not alternate day.. if alternate day it will be same like the default now..

you open and close every day cause you want to get a "fresh" pocket's ledger that starts on Day 1 with 0.00



This post has been edited by Optizorb: Aug 21 2025, 08:52 AM

For the same pocket, yes.

If your Day 1 is rounded down, the system keeps the residual balance record of it.. So on Day 2 you will get rounded up.

nothing is fixed/permanent la

until further notice lor

I closed but did not open new pockets. I got 8 cents. No!!!

is it really worth the time for a few cents a day?

Well for some people it might be

Takes around 2-3 mins to close 9 pockets and open 9 pockets, and you get 4.5 cents for it

This post has been edited by Optizorb: Aug 21 2025, 10:47 AM

So 9 pockets for the 4.5c extra?