Do we need RM20,000 in the Save Pocket to earn the extra 1% ?
Banking Ryt Bank Updates and Dicussions, 3-4% p.a. daily, 1.2% overseas cashback
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 Aug 18 2025, 06:06 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur   
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Aug 18 2025, 06:27 PM
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Senior Member
3,485 posts Joined: Jan 2003
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ronnie minimum RM1, max RM20k. this is my understanding
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Aug 18 2025, 06:40 PM
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#23
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Junior Member
97 posts Joined: Sep 2007
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QUOTE(Fantasia @ Aug 18 2025, 06:28 PM) Thank you very much, I managed to open an account with your code. You're welcome.Then we will need to create over 100 pockets if we deposit RM 20,000  Only 10 Saving pockets available btw |
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Aug 18 2025, 07:01 PM
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#24
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Senior Member
5,474 posts Joined: Feb 2009
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QUOTE(ssf1987 @ Aug 18 2025, 06:40 PM) You're welcome. Then I guess the best will be 9 pockets with RM 182.50 and the last pocket will be the remaining of our RM 20000 fund if TOS2's assumption is rightOnly 10 Saving pockets available btw |
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Aug 18 2025, 07:54 PM
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Junior Member
351 posts Joined: Dec 2024
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Created a "House" save pocket and deposited 182.50 MYR. Will update you guys tomorrow on the daily interest payment and verify if the 6% p.a. calculation holds. dwRK liked this post
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Aug 18 2025, 07:55 PM
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#26
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Senior Member
6,227 posts Joined: Jun 2006
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QUOTE(TOS2 @ Aug 18 2025, 05:46 PM) There are some potential complications to the way the daily interests are calculated. It really depends on how many decimal points they keep in the system. The Help and Support page on the website is down, so I screenshot it from my phone. example shows 6 decimal... so would round the 7th... So if we are aiming for a clean 6% p.a., the 182.50 MYR route is one good way, because there are no residual natural number beyond the third decimal point (daily interests of 0.015 and 0.005 respectively) TOS2 liked this post
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Aug 18 2025, 08:12 PM
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Junior Member
351 posts Joined: Dec 2024
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There is also the BNPL feature called Ryt PayLater which isn't rolled out yet I think.
https://www.rytbank.my/fees-and-limits  The 1-month 0% interest is tempting, but make sure you clear your outstanding balance strictly within 1 month, otherwise the 26.80% p.a. ridiculous rate will kick in from the coming months onwards. This post has been edited by TOS2: Aug 18 2025, 08:12 PM |
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Aug 18 2025, 08:17 PM
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Senior Member
2,539 posts Joined: Jan 2003
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After getting invite code from TS, my account is set up within 10mins upon transferring RM50 into the account. App seems quite smooth and will transfer more money into Ryt.
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Aug 18 2025, 08:21 PM
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Junior Member
351 posts Joined: Dec 2024
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QUOTE(ikanbilis @ Aug 18 2025, 08:17 PM) After getting invite code from TS, my account is set up within 10mins upon transferring RM50 into the account. App seems quite smooth and will transfer more money into Ryt. Later cannot transfer out you jialat  Remember to check the Duitnow transfer and QR transfer limits etc. Max daily limit for BOTH QR and non-QR is 50k MYR. Minimum is 500, default set at 5000 MYR. Increasing limit will result in a 1-hour cooling-off period, after which the new limit will take effect. Always think about your exit strategy.  This post has been edited by TOS2: Aug 18 2025, 08:25 PM |
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Aug 18 2025, 08:24 PM
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Senior Member
2,539 posts Joined: Jan 2003
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QUOTE(TOS2 @ Aug 18 2025, 08:21 PM) Later cannot transfer out you jialat I just tried using Ryt AI to transfer RM10 into my HLB and immediately rewarded RM1. Remember to check the Duitnow transfer and QR transfer limits etc. Always think about your exit strategy. |
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Aug 18 2025, 08:25 PM
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Senior Member
6,227 posts Joined: Jun 2006
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QUOTE(TOS2 @ Aug 18 2025, 08:12 PM) There is also the BNPL feature called Ryt PayLater which isn't rolled out yet I think. like credit card lor...https://www.rytbank.my/fees-and-limits The 1-month 0% interest is tempting, but make sure you clear your outstanding balance strictly within 1 month, otherwise the 26.80% p.a. ridiculous rate will kick in from the coming months onwards. |
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Aug 18 2025, 08:38 PM
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Junior Member
351 posts Joined: Dec 2024
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QUOTE(ikanbilis @ Aug 18 2025, 08:24 PM) I just tried using Ryt AI to transfer RM10 into my HLB and immediately rewarded RM1. I redo the same transfer to my GX Bank account 5 times and earn RM 5... How stupid this promotion is... |
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Aug 18 2025, 09:31 PM
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Junior Member
606 posts Joined: Feb 2018
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QUOTE(TOS2 @ Aug 18 2025, 08:38 PM) I redo the same transfer to my GX Bank account 5 times and earn RM 5... you're helping them to train the AI How stupid this promotion is...  TOS2 liked this post
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Aug 18 2025, 10:04 PM
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Senior Member
7,544 posts Joined: May 2012
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QUOTE(TOS2 @ Aug 18 2025, 08:38 PM) I redo the same transfer to my GX Bank account 5 times and earn RM 5... it is not stupid promo, they encourage u to use AI to transfer. It is great promotion for us to test. I have tested transfer to 5 different bank. all working fineHow stupid this promotion is... |
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Aug 18 2025, 10:14 PM
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Senior Member
852 posts Joined: Jan 2003
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Does the promo campaign period refer to the bonus interest of 1% or also including the base 3%?
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Aug 18 2025, 10:16 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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Just completed RM10 x 5 transfer back to my bank account... earn RM5.00 !!! sam93xxxxx and nexona88 liked this post
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Aug 18 2025, 10:30 PM
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#37
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Senior Member
5,474 posts Joined: Feb 2009
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QUOTE(TOS2 @ Aug 18 2025, 08:38 PM) I redo the same transfer to my GX Bank account 5 times and earn RM 5... How stupid this promotion is... QUOTE(koja6049 @ Aug 18 2025, 09:31 PM) you're helping them to train the AI QUOTE(ericlaiys @ Aug 18 2025, 10:04 PM) it is not stupid promo, they encourage u to use AI to transfer. It is great promotion for us to test. I have tested transfer to 5 different bank. all working fine I can see the appeal of AI. It can be very convenient for a lazy person like me.This post has been edited by Fantasia: Aug 18 2025, 10:32 PM |
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Aug 18 2025, 10:38 PM
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Junior Member
29 posts Joined: Feb 2008
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QUOTE(ronnie @ Aug 18 2025, 10:16 PM) Just completed RM10 x 5 transfer back to my bank account... earn RM5.00 !!! What did you ask Ryt AI to transfer? Just say, transfer RM10 to GX Bank, account number 1234000029? |
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Aug 18 2025, 10:42 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(kee leong @ Aug 18 2025, 10:38 PM) What did you ask Ryt AI to transfer? Just say, transfer RM10 to GX Bank, account number 1234000029? Pay RM10 to SCB xxx12345 ...then only need to click approve kee leong liked this post
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Aug 18 2025, 10:52 PM
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Senior Member
2,647 posts Joined: Jan 2003
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I thought of using AI to create 9 pockets. 8 pockets with Rm182.50 and remaining to last pocket. Didn’t work… it just gave me instructions how to do. It would have been awesome if it worked..
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